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.....👍✌

Monday, February 03, 2014

Interim budget surprise: Gold import curbs may be relaxed
NEW DELHI, FEBRUARY 2:  If the current political indicators are anything to go by, the interim budget to be presented on February 17 may spring some surprises.

Normally, no significant tax proposals or economic policy decisions are announced in the interim budget, but this time round, expectations are that gold import curbs may see some relaxation and additional sums allocated for certain social sector welfare programmes.

This, however, will not be against the convention, as there is no constitutional restriction on the Government. Besides, various measures such as hiking the import duty to 10 per cent or the 80:20 schemes are executive decisions and no Parliamentary approval is required. Expectations on a possible announcement on gold gathered momentum after National Advisory Council Chairperson Sonia Gandhi asked the Centre to look into the matter.

Current account
This was followed with the Finance Minister P Chidambaram expressing confidence that by the end of the fiscal year the Government will be able to revisit some of the restrictions on gold imports. Since the current account deficit is expected to be below $45 billion, almost half of $88 billion recorded in 2012-13, this may help the Government to ease some of the curbs. Bullion and jewellery traders are also pressing for some relaxation as the restrictions, imposed since August last year, are also leading to a rise in smuggling. The budget could also see additional allocation for some social sector welfare programmes. This is possible as the Finance Minister is likely to report a fiscal deficit of anywhere between 4.6 and 4.7 per cent of GDP (Gross Domestic Product), lower than the budget estimate of 4.8 per cent. This reduction will provide some room for the Minister to increase the allocation.

Expenditure concerns
The interim budget is presented when Government of the day is unable to present an annual financial statement for the coming fiscal year (April 1-March 31) either due to General Election or some other compelling reasons. Usually, this is just a statement of the Government’s achievements, revised estimate for the current year and budget estimate for the next fiscal . The new Government can revise the next year estimate in the full budget. Technically speaking, the interim budget must be approved by Parliament, for expenditure after March 31, since the previous full budget has already provided for expenditure till March 31 and the full budget will be presented only after a new Government is formed.

That is why the interim budget is also called Vote-on-Account. The Parliamentary approval is for expenditure for the next four months. The last interim budget, presented in 2009 by then Finance Minister Pranab Mukherjee, did not see any new tax announcements.

However, the 2004 interim budgetby then Finance Minister Jaswant Singh did mention the Government’s commitment to extending fiscal benefits for many new schemes .

Courtesy: The Hindu Business Line