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, January 17, 2015

RBI rate cut decision 'turning point', will boost growth: Arun Jaitley
Photo: Galaxy
Jan 16, 2015: NEW DELHI: Finance minister Arun Jaitley on Friday described the decision of RBI to cut key policy rate by 0.25 per cent as an "important turning point" and hoped it would engender faster growth. "After two years that interest rates are going to move downwards and market reactions also have been much better. I think this will leave somewhat more money in the hands of consumers. Hopefully (it will) increase spendings, make loans cheaper," he said. 

Softer loans, Jaitley said, will encourage faster growth of consumers goods sector which has been witnessing relatively slower growth in the last two-three months. 

In a surprise move, the RBI on Thursday cut its policy rate by 0.25 per cent in the first reduction in 20 months and promised more, paving way for cheaper home and auto loans as also lower cost of funds for corporate borrowers. Within hours of the announcement, state-owned United Bank of India and Union Bank of India cut their lending rates by the same margin and other banks are likely to follow suit. 

"It's a welcome (decision)," Jaitley said while speaking at the Economic Times Global Business Summit, adding, "there can be various opinion to when the cuts are required and when they are not required. We had a debate on this. I am's an important turning point." 

Jaitley further said that the government would endeavour to strengthen RBI so that it can become more professional and grow as an institution. 

Admitting that tax issues were hampering flow of foreign investment, Jaitley said he was seized of the matter and was looking into the suggestions made by the investors. 

"One of the reasons (for reluctance of NRIs to return to India) ... is tax climate ... The issue is under serious examination," he said, while referring to his meeting with a group of entrepreneurs from Singapore. 

Responding to a query on the proposal to replace income tax with banking transaction tax, he said, it was not possible till the nation moves fully to plastic currency. 

He further said that government was seriously examining a proposal to incentivise use of debit card by providing marginal tax incentive. 

The Finance minister is currently engaged in preparation of his first full fledged budget to be presented in the Lok Sabha next month.

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