Courtesy: The Business Standard
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.....👍✌
Sunday, March 02, 2014
Jewellers go slow on expansion as gold curbs hurt demand
Experts say the difficult regulatory environment is directly hurting consumer demand
Bangalore March 1, 2014: The regulatory curbs on the sector have left jewellers grappling with tough supply conditions and tight demand.
The sharp rise in the premium on domestic gold, as a result of the higher import duty (10 per cent), is sending non-resident Indians, who account for 15-20 per cent of the jewellery sales, to make their purchases outside. There the jewellery can be procured at a 10 to 25 per cent discount to India prices.
A spokesperson of Tara Jewels said, “Our company has decided to re-strategies the Indian business to adopt to the regulatory framework.”
“The company proposes to continue to expand its business through an asset-light franchise and shop-in-shop models.”
Said Aditya Mathur of Citi Research, “Store-opening targets are being pushed out. Tribhovandas Bhimji Zaveri would take longer to reach its 57-store target by 2015 (currently 27 stores), whereas PC Jeweller could be delayed six months to achieve its 50 stores by March 2014.”
“For Titan, we estimate an increase of 10 per cent year-on-year space increase in two years versus a compound annual growth of 25 per cent year-on-year. The environment is tough. Last quarter, there was a 10 per cent decline in footfall for Titan’s jewellery business with 20 per cent of space.”
Said Haresh Soni, chairman of the All India Gems and Jewellery Trade Federation, “There is a liquidity crunch and neighbours are flourishing with business from Indians.”
Somasundaram PR, managing director (India), World Gold Council, said the picture would look better in the second half of 2014. “Even if you consider 140 million have come above the poverty line between 2005 and now, the first asset class they would perhaps put their money in is gold. Even if they buy 5g, it will make a huge difference to demand.” WGC estimates demand in 2014 at 1,000 tonnes. Experts said if the restrictions lasted a year, the sector may see the larger firms buying the smaller ones.
Courtesy: The Business Standard