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.....👍✌
Wednesday, April 15, 2015
India's retail inflation hits three-month low, scope for rate cut
Mon Apr 13, 2015: India's consumer price inflation unexpectedly slowed to a three-month low in March, which could encourage the Reserve Bank to deliver another off-cycle interest rate cut to boost economic recovery.
Retail prices rose 5.17 percent year-on-year last month, slower than a 5.5 percent annual rise predicted by analysts in a Reuters poll and a 5.37 percent gain in February.
Food prices were up 6.14 percent year-on-year in March compared with a revised 6.88 percent rise a month earlier.
With inflation below the 6.0 percent upper end of the central bank's target range, some analysts expect Reserve Bank of India (RBI) chief Raghuram Rajan to surprise investors with another rate cut.
The central bank has cut interest rates twice this year at unscheduled meetings, but kept its key repo rate on hold at 7.50 percent last week, waiting to assess inflation pressures and give commercial banks more time to cut lending rates.
"This has raised the possibility of an interest rate cut outside the scheduled review cycle for the third time this year," said Shilan Shah at Capital Economics, who expects a 25 basis point cut before a scheduled policy review on June 2.
Before the data, many economists were expecting the RBI to keep rates unchanged for now, but cut once more in late June.
During the last few weeks, unseasonably heavy rains in north and central India have damaged crops, leading to a rise in vegetable and foodgrain prices.
The RBI said last week that it expects consumer inflation to stay at current levels in the April-June quarter, helped by weak oil and food prices, but rise to 5.8 percent by the end of the year.
Globally, central banks are fighting to contain concerns over deflation, as prices continue to fall in most eurozone countries, Japan and China.
India, however, is one of the brighter spots, with the economy picking up after two years of sub-par growth, reflecting in part a recovery in business confidence since Prime Minister Narendra Modi swept to power with a landslide election victory last May.
(Reporting by Rajesh Kumar Singh; Editing by Douglas Busvine and Tom Heneghan)