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.....👍✌



Saturday, February 15, 2014

Gold import norms under 80:20 scheme tightened
[Editor: This kind of heading misses the essence of the whole news item which also says: In case of advance authorisation (AA) and duty free authorisation (DFIA) for gold import issued before August 14, 2013, the RBI said the 80:20 rule would not apply for units in special economic zones (SEZs), export oriented units (EoUs), premier and star trading houses]
February 14, 2014: Seeking to restrict gold imports, the Reserve Bank of India, on Friday, said nominated banks and agencies would not be allowed to import the precious metal in excess of their entitlements in the first or second lot under the 80:20 scheme.

“Import of gold in the third lot onwards will be lesser of the two — five times the export for which proof has been submitted or quantity of gold permitted to a nominated agency in the first or second lot,” the RBI said in a notification.

The government under the 80:20 scheme had in August 14, 2013, allowed nominated agencies to import gold on the condition that 20 per cent of the inward shipment will be exported. The permission to import the next lot would be given on fulfilment of export obligation.

In view of the representation being received by the RBI and the Finance Ministry, the central bank has said that the quantum of the third lot import would be five times the export from the previous lot subject to the condition that it would not exceed previous entitlements.

In case of advance authorisation (AA) and duty free authorisation (DFIA) for gold import issued before August 14, 2013, the RBI said the 80:20 rule would not apply for units in special economic zones (SEZs), export oriented units (EoUs), premier and star trading houses.

“The imports made as part of the AA/DFIA scheme will be outside the purview of the 80:20 scheme.

Such imports will be accounted for separately, and will not entitle the nominated agency/banks/entities for any further import,” the RBI said.

To contain rising gold import, which was 162 tonnes in May, the government had hiked the import duty on gold thrice in 2013. Besides, the RBI came out with certain restrictions, including the 80:20 scheme for imports.

Gold imports came down to 19 tonnes in November last year.

Courtesy: The Hindu Business Line