|Abg shipyard, Dahej|
Photo: Icon Ven
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, July 11, 2014
Fingers crossed for early resumption of mining
[Editor: The resumption of mining in Goa, will have sentimental effect on two of my recommended counters, viz. Resurgere Mines and Minerals Ltd (Rs.2.20) and Western India Shipyard Ltd (Rs.2.45). The former is a pure mining company, which is expected to start mining in Mahalmiriya (Bauxite) Mines in Maharashtra, post monsoon. It has already got approval for the same from the authorities, but got struck-up due to some problem in the lease agreement. While later would get benefited, as more ships will start taking ores from Mormugao Port, Goa. After repair, the ships do not generally want to go empty. Western India Shipyard Ltd (WISL) is strategically located at Mormugao Port Goa along the west coast of India. WISL repairs vessels such as cargo vessels, passenger vessels, transhippers, dredgers, coast gaurd / Naval vessels, barges, tugs, OSV'S, tankers and deepwater oil rigs. Its clients include: Chowgule Steamship Ld, Varun Shipping Ltd, Reliance Industries Ltd, SCI Ltd, Navy, Coast Guard, PFS Shipping, Transocean, Nobel Sedco Forex, Jindal Drilling, Aban Offshore, ONGC, etc. In the Budget 2014-15, the outlay for defense was hiked over the previous year. The Company hopes that repair of naval vessels will continue to be given priority in view need for extensive repair and modernization of the naval fleet in the coming years. Moreover, as a subsidiary of ABG Shipyard Limited, it enjoys continuous access to technical, marketing and financial support from ABG Shipyard Limited, who is an established market leader in the Shipbuilding Industry]
"It is my government's intention to encourage investment in mining sector and promote sustainable mining practices to adequately meet the requirements of industry without sacrificing environmental concerns. The current impasse in the mining sector, including, iron ore mining, will be resolved expeditiously. Changes, if necessary, in the MMDR Act, 1957, would be introduced to facilitate this," Jaitley said.
Reacting to the budget speech, S Sridhar, executive director of the Goa Mineral Ore Exporters' Association (GMOEA), said that the GMOEA is hopeful of mining resuming.
Sridhar also said that the government intends to make changes in the MMDR Act and the GMOEA has to wait till it comes out. "We are waiting for the state government mining police and renewal of mining leases as soon as possible," he added
Jaitley also said, "There have been requests from several state governments to revise the rate of royalty on minerals. Members are aware that the rate of royalty can be revised after a period of three years. The last revision took place in August, 2009. Therefore, another revision, which is due, will be undertaken to ensure greater revenue to state governments."
Goa mining came to a halt in September 2012, since then the state's mining industry has been living in hope of an early resumption of mining activities.