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.....👍✌

Tuesday, April 01, 2014

Govt may further ease restrictions on gold import soon: FM
Press Trust of India  |  New Delhi  March 31, 2014
Finance Minister P Chidmabaram today indicated that government may further ease restrictions on gold imports after tomorrow's monetary policy by RBI as Current Account Deficit has moderated to about USD 35 billion. 

"Some relaxations were made a few days ago when more banks were allowed to import gold. We could consider some more relaxations in consultation with RBI," he said while releasing the year-end report on economy. 

"Let the RBI's monetary policy be announced tomorrow and then we will consider whether some relaxation can be done," he said. 

Emphasising that the economy today is far more stable and far stronger than what it was 20 months ago, he said, CAD is expected to come down about USD 35 billion during the current fiscal. 

It was at a record high of USD 88.2 billion or 4.8 per cent of GDP as gold imports soared 845 tonnes last fiscal. 

In order to restrict CAD, the government took measures to curb gold import. The government raised import duty on the precious metal three times taking it to 10 per cent and also made it mandatory to export 20 per cent of the total gold imported. 

Following this gold imports came down to 19 tonnes in November from a peak of 162 tonnes in May. The CAD, too, was brought down to 3.1 per cent in April-September of current fiscal, from 4.5 per cent in the same period last year. 

Gold imports have fallen substantially after the restrictions. Gold and silver imports declined 71.4 per cent to USD 1.63 billion in February. 

Imports of gold and silver in February 2013 stood at USD 5.24 billion. In January this year, they were USD 1.72 billion. 

Earlier this month, the RBI allowed more banks, including Axis Bank and Kotak Mahindra Bank to import gold under the 80:20 scheme.

Courtesy: The Business Standard