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 24, 2014

RBI moves on gold loans positive for NBFCs: Crisil
Mumbai  January 23, 2014: Welcoming recent moves by the Reserve Bank on the gold lending front, ratings agency Crisil today said they bring the much-needed parity between banks and NBFCs.

"These decisions bring in a level-playing field for gold loan non-banking financial companies (NBFCs) and banks on the loan-to-value ratio (LTV), a key parameter for competitive dynamics in the sector.

"The moves will bring the much-needed stability to the sector, which has witnessed quite a tumultuous journey in the past two years," the agency added.

"The gold loan NBFC sector, which has witnessed volatile phases in growth, asset quality, and profitability in the past two years, will move to a regime of stable growth and predictable asset quality."

In twin moves over the past fortnight, the RBI first increased the LTV ratio for non-banking lenders back to the earlier level of 75% from the 60%, which was reduced in the aftermath of crash in gold prices.

The apex bank followed this up with pegging the LTV ratio for gold lending by banks at 75%. Even in the days of lowering LTV for NBFCs, RBI had chosen not to cap the ratio for banks. This led to an impression that the apex bank feels banks are better regulated than NBFCs.

Apart from these guidelines, the RBI also gave specific instructions on gold valuation and Crisil said this will provide clarity on the underlying collateral.

The rating outfit, however, said the profitability of gold loan NBFCs will continue to be under pressure because of the intense competition in the sector and higher operational cost of compliance to the new regulations. 

Courtesy: The Business Standard