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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, January 19, 2015
Domestic steel demand to improve gradually: ICRA
[Editor: Though the domestic steel consumption growth remained nominal at 1.3% during the April-November period last year, but what is to be understood is that the government of India, is expected to spend around $1 trillion in the 12th five-year plan (2012-13 to 2016-17) on the infrastructure sector which will boost demand for the Building Materials, like Steel, Cement, Aluminum, etc. It is interesting to note that this massive infrastructure spending is equivalent to around 10% of GDP (being spent on infrastructure) which has never happened in the past. Therefore, buy the stocks from these sectors]
Any significant pick up in domestic steel demand can at best be gradual as key end user industries remains fragile despite a growth in the automobile sector in the current year, ICRA said in its report here.
Domestic steel consumption growth remained nominal at 1.3% during the April-November period last year.
On the supply side, although steel production trend tracked declining consumption pattern, it still remained higher than demand growth at 2.5% during the first eight months of FY15.
"Moreover, the substantial discount at which imported steel is available in the country, led to a surge in imports of steel, which reported a growth rate of almost 49% during April-November 2014 as against a fall in steel export by around 5% during the same period.
"This has led to India becoming a net importer of the metal as against its status as a net exporter in FY14," the report said.
Higher production growth relative to consumption levels and rising imports also point towards an inventory build-up in the steel market, ICRA said.
Although pricing pressures from cheaper imports and supply shortages in iron ore are likely to stay in the near term, ICRA expects the profitability of domestic steel players to remain stable on the back of softer raw material prices, and a gradual recovery of demand in some of the end-user industries.
However, debt protection metrics are not expected to improve significantly due to high debt levels of companies, and the fact that interest rates would still remain at elevated levels in absolute terms, notwithstanding an expected moderation this year year.
Courtesy: Business Standard