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.....👍✌



Friday, June 20, 2014

Infrastructure finance firms can raise long-term funds
Besides, infrastructure debt fund NBFCs have been allowed to issue secured debentures
Photo: MBA Skool
June 19, 2014: The government, on Thursday, allowed infrastructure finance companies to issue secured debentures with a tenure of up to 30 years, a move that will help in raising long-term funds for the sector.

Besides, infrastructure debt fund non-banking financial companies (ID-NBFCs) have been allowed to issue secured debentures for up to 30 years.

“Similarly, housing finance companies have been allowed relaxed terms for maintaining debenture redemption reserve on the lines similar to NBFCs registered with the RBI (Reserve Bank of India). Necessary amendments in rules have been notified,” the Ministry of Corporate Affairs said in a statement on Thursday.

A debenture redemption reserve is an account that can only be utilised to redeem debentures.

As per the XII Plan document, India is projected to require investments of about $1 trillion in infrastructure during 2012-17.

The government also clarified that companies can appoint an independent merchant banker, registered with the Securities and Exchange Board of India to prepare valuation reports required before making a preferential allotment of shares.

The firms can also engage an independent chartered accountant with a minimum experience of 10 years to prepare valuation reports, the statement said.

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