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.....👍✌

Monday, November 17, 2014

Rate cut by RBI will give good fillip to economy: Jaitley
[Editor: This time there is nothing much to think for the RBI governor, Dr.Rajan, to go for a 25 bps Repo rate cut. This exercise is necessary just to signal that the battle against inflation has at last been won, in style. Many banks have already cut the rates on their FDs, to push-up the credit off-take. The investors and traders are therefore,  suggested to go full steam on Bank and Construction / Real Estate counters. I am not too bullish on the Auto sector, except some selct pockets; as I feel most of the scrips are overvalued there and a crash cannot be ruled out]
November 17, 2014: Union Finance Minister Arun Jaitley has said that since inflation has moderated “therefore, if RBI [Reserve Bank of India], which is highly professional organisation in its wisdom decides to bring down the cost of capital will give a good fillip to the Indian economy”.

Mr. Jaitley also said that the disinvestment targets for current financial year are quite ambitious but he hopes to achieve them or at least come close to achieving them. He said that road shows for the planned disinvestments were underway in many parts of the world.

The Finance Minister was delivering the keynote address at the Citi’s Investor Summit: ‘India – Poised for Higher Growth’. Also present at the summit were Finance Ministry officials and RBI Deputy Governor S.S. Mundra.

Later, Mr. Mundra told reporters that the recent cooling of retail inflation was a combined outcome of factors, including a favourable statistical effect of a high base last year, a downturn in global commodity prices and easing vegetable prices. Official data released earlier this month showed retail inflation too had slowed in October to 5.5 per cent against 6.5 per cent in the previous month

Mr. Jaitley said that the government had taken series of measures for tackling the infrastructure sector’s challenges and that many more such measures were in offing. He said that he is in discussions with the members of opposition parties for making necessary procedural changes in Land Acquisition Act in order to avoid delays in the implementation of the infrastructure projects. He also said that the government through its budget had laid down a direction in which the economy is likely to proceed to restore investors’ confidence and assured that there will not be any movement of economy in contrary direction.

Giving details of various economic reforms in the pipeline, he said he was expecting the Insurance Amendment Bill to be passed in the forthcoming winter session of Parliament for which he was in touch with the Parliament Select Committee.

On the Goods and Service Tax (GST), the Finance Minister said he is in touch with various State Governments for ironing out the outstanding differences. He said States want to retain taxation authority for liquor and petroleum products. They also want entry tax and octroi to be kept out of the purview of the GST. The Finance Minster said that all these issues will be sorted out soon. He will also apprise the Empowered Committee of State Finance Ministers’ about the draft Constitution Amendment Bill on GST before introducing the same in Parliament.

CourtesyThe Hindu
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