Presidential Elections: Support Dr.Meira Kumar

Bihar and Jharkhand governments have no choice but to support Dr.Meira Kumar. As defeat of "Bihar ki Beti" will invariably bring Shame to the Biharis and Jharkhandis (or erstwhile unified Bihar). Do you think that, people of Bihar will leave Nitish Kumar Scott - free, if Dr.Meira Kumar loses ? So, Nitish Kumar has very little option left but to support, Dr.Meira Kumar.

Moreover, if Nitish Kumar wants to fall in the BJP's well calculated electoral TRAP no one can save him in the next election.

Also, I am surprised to see Mr.Navin Pattanayak, so easily chewing the RSS bait. Orissa is a state, where there is large chunk of Tribal Christian voters loyal to the BJD (Biju Janata Dal). I am still to fathom, BJD's sudden electoral gamble of siding with the RSS and the BJP; when Mr.Pattanayak has been maintaining distance from them since some time.

Besides, the election of Dr.Meira Kumar, who is educated, experienced and very sober, might also correct some of the historical mistakes of not making her father, the Prime Minister of India.

Also, I don't think all the Muslim and Christian MPs and MLAs from the TDP and TRS will ever support a RSS backed Candidate, who acted against Dalit Christian and Muslin reservations. Therefore, invariably cross voting will take place, which might give the underdog, Ms.Kumar, a win. Support Dr.Meira Kumar, give a conscience vote and make her the 2nd Female President of India.

All the best to Dr.Meira Kumar.....👍✌

Friday, January 17, 2014

Gold Smuggling on the Rise
[Editor: The time has come for the government to act and reduce the import duty by at least 2% and then gradually taper it down. However, too much government activism, is expected to keep the domestic GOLD  Jewellery market buoyant. Besides buying due to starting of the marriage season is also likely to keep the price of gold firm in the domestic markets]
Kolkata, Jan 16, 2014: Smugglers are certainly getting more and more innovative when it comes to sneaking gold into the country. A few days ago, the customs department seized gold biscuits hidden inside a consignment of mobile phones at the NSCBI airport in Kolkata. On Wednesday, the 40 Bn of the Border Security Force (BSF) seized 2.8 kg of the precious metal stashed inside the tyres of a bicycle. The haul was valued at more than Rs 82 lakh.

"There has been a spurt of gold smuggling from across the border in the last few months. In the last six months, the BSF's South Bengal Frontier seized nearly nine kgs of gold being smuggled into India from Bangladesh," an official said.

On Wednesday, officers at the Haridaspur Border Outpost, close to the International Check Post at Petrapole, received information of a gold consignment being delivered to the Kalitala village in Bongaon. Road barriers were set up and a cyclist was detained. On examination of the cycle, 24 gold biscuits were found inside the tyres. The 25-year-old cyclist was identified as Amit Halder, a resident of Kalyani in Puratan Bongaon. During interrogation, the youth confessed that the gold had been smuggled into India from Bangladesh.

There has been an increase in smuggling of gold into India in recent times. So much so, that the government has now asked jewelers to furnish details of purchases of gold bars or ornaments worth more than Rs 500,000. With gold running up the second highest import bill after crude oil, India has been making attempts to curb the entry of the yellow metal into India through legal channels. One of the steps adopted was increase of import duty by 10%. The import of gold was also tied to jewellery exports.

This led to a crisis and jewelers in the country became dependent on smuggled or recycled gold. The high customs duty also pushed up the price of gold in India turning smuggling into a lucrative business. The Wold Gold Council estimates that 150-200 tonnes of gold may have been smuggled into India in 2013. This is in addition to the official demand for 900 tonnes. The country's official import of gold has fallen significantly in the last year, pushing up demand for the smuggled stuff.

Courtesy: The Times of India