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.....👍✌
Saturday, June 21, 2014
Sebi pitches for tax benefits on REITs, infrastructure bonds
New Delhi, Saturday, June 21, 2014: To give a boost to capital markets, regulator Sebi has asked the government to provide clarity on tax benefits for new products like REITs (Real Estate Investment Trusts), as also for Infrastructure Investment Trusts and for debt securities.
"Sebi will soon finalise norms for REITs, but is awaiting clarity on taxation issues," the Securities and Exchange Board of India (Sebi) Chairman U K Sinha said here today, while adding that the regulator wants such trusts to get tax pass- through status.
Besides, Sebi is also close to framing new rules for Infrastructure Investment Trusts but there needs to be clarity on withholding taxation issues for such products, Sinha said.
These new products would allow investors to invest in specific products linked to real estate projects and infrastructure projects, while providing necessary safeguards. Besides, these products would also help the corporates raise significant amounts of capital for their projects.
Speaking at a conference here, Sinha said that there are "certain anomalies in withholding tax on debt securities" and he hopes that the government would soon provide a clarity and also provide the tax pass-through status to REITs.
He said that REITs have been a significant vehicle for global investors and Indian markets can also soon tap this opportunity, as Sebi was ready with guidelines that would be announced immediately after tax clarity from the government.
About the need to expand corporate bond markets, Sinha said that necessary infrastructure for this was already in place and the related regulations have been simplified.
"I believe that an emerging market like India must focus on development of the market. The Sebi Act mandate is to work for growth of the market," Sinha said.
The Sebi Chairman further said that there was a need to work on increasing the base of corporate bonds.
Sinha also stressed on the need to encourage SMEs (Small and Medium Enterprises) to get listed and get benefited from the capital markets. Currently, the listed SME market capitalisation in India stands at over Rs 7,500 crore, while 65 companies have got listed on SME Platform of exchanges.
"We have identified certain SME clusters to encourage listing. The government and Sebi are trying to help SMEs raise capital from the markets," he said.
About the new regulations, Sinha said that Sebi would soon put in place norms for crowdfunding, which would allow start- ups to tap new platforms to raise funds.
Besides, there are already norms in place for Alternative Investment Funds (AIFs), such as venture capital and angel investors.