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.....👍✌

Sunday, April 26, 2015

RBI Should Look Into Interest Rates: Jayant Sinha
[Editor: With INR depreciating Vs the US, it could be disastrous if the RBI goes for further Repo rate cut, unless the former stabilizes. Narendra Modi government has brought India to the brink of deflation. Now, it would be very tough to revive demand once again, unless the Finmin, works very hard. Moreover, inspite of all the hypes regarding Mr.Sinha being " ardent student of fund management, investments and contemporary economics" his gestures seems to be "Starkly Mediocre". In fact Narendra Modi's government is a "Parade of Mediocrity", only]
Kolkata, April 25, 2015:  Maintaining that higher borrowings by individuals will lead to purchase-led growth, Minister of State for Finance Jayant Sinha on Saturday said interest rates should fall and hopefully the Reserve Bank of India (RBI) will look into that.

"Interest rates should fall so that higher borrowings will lead to more purchases of articles and RBI should look into that aspect," Mr Sinha said at an interaction organised by the Bharat Chamber of Commerce here.

"RBI is a very professional data-driven organisation and they would obviously look at the facts before taking any decision," the minister told reporters when asked specifically whether the central bank should cut rates.

"So, let us see how the data play out," he said with a cautious tone, clarifying that a rate cut was not imperative for restarting stalled projects.

Referring to branching out public debt management from the ambit of the RBI, Mr Sinha said there had been a lot of resistance from the central bank's officers and employees.

"Worldwide, public debt was being managed by an outside entity and not the central bank. But RBI was doing a very fine job... When you are reforming, you can expect opposition. Even the RBI Governor feels strongly about creation of a separate public debt management body," Mr Sinha added.

On public sector banks, he said the Finance Bill of 2015 has provided for opening up the posts of chairman and managing director of public sector banks to experienced professionals from private banks who would be given market-linked salaries.

The government will also create a banking investment company which will hold government shares, he said.

The department of financial services of the Finance Ministry will also be stripped of the power by creation of a banking bureau, which will carry out the function of appointment, strategy and capitalisation of public sector banks, Mr Sinha said.

Courtesy: NDTV Profit
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