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.....👍✌

Wednesday, February 05, 2014

Import duty on gold, medical equipments and set up boxes may come down in interim budget
Mumbai  February 5, 2014: Gold importers may get some relief soon as the government proposes to announce a cut in import duties in its ensuing vote on account session. 

Similarly, the import duty on set up boxes for direct to home (DTH) services is also expected to come down.  Besides, the government proposes to bring many life saving drugs and medical equipments and prosthetics in its zero import duty net. 

According to sources, the government may not wait till end of the financial year as the current account deficit has improved. Besides, the worrisome factor is that various filed formation in customs are reporting rampant gold smuggling. Currently the import duty on gold is ruling around 15% after three tranches of hikes last year.

Similarly, the other item that may see duty cut is set up boxes where the government had increased the import duty from five% to 10%.  However the industry lamented it to be a burden owing to the target of complete digitalisation of home cables by 2014.    With almost, 100%  of the set top boxes being imported, this affected  not only the operators but also the consumers as the cost rise was passed  on to them, eventually Official sources added that there are many life saving drugs under the zero tax net currently. However there are many life saving medical equipments especially prosthetics (medical aids for disabled persons) which attract duty. The zero import duty net may be enlarged by including such items, said a source.

Meanwhile, the government recently slashed the import tariff value on gold and silver to $404 per ten grams and $635 per kg, respectively, taking into account the volatility in the global prices.

Import tariff value is the base price at which customs duty is determined to prevent under-invoicing. The tariff value is revised on a fortnightly basis after analysing the global price trend. 

Gold is the second largest import item for India after petroleum. However, gold imports are expected to decline this year as government has taken several measures to curb shipments to address the high current account deficit. According to the jewellers’ body, total gold imports may decline to below 500 tonnes this fiscal due to these restrictions, from 845 tonnes in the last fiscal reportedly.

Courtesy: The Business Standard