Source: The Economic Times
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, May 04, 2016
Jindal brothers agree on power plant deal: Sources
NEW DELHI: Sajjan Jindal's JSW Energy Ltd has all but agreed to buy a 1,000 megawatt power plant from his brother's heavily indebted Jindal Steel and Power Ltd in a deal valued at over $900 million, two sources told Reuters.
An announcement could come as early as Wednesday, though one of the sources with direct knowledge of the matter said further talks were scheduled for Tuesday night to "discuss a few more things to conclude a deal".
JSW and Jindal Steel officials have been meeting in New Delhi and Mumbai over the past weeks. A last-minute disagreement over valuation forced JSW to cancel a scheduled news conference last week, according to one of the sources.
JSW and Jindal Steel officials did not immediately reply to requests for comment outside regular business hours on Tuesday.
A deal would help reduce debt at Jindal Steel, majority-owned by Sajjan's younger brother Naveen, and would be a boon for top lender State Bank of India (SBI) that has been trying to broker an agreement between the companies.
Jindal Steel - whose net debt at the end of December was 460 billion rupees ($6.91 billion), or seven times its current market valuation - had been in talks with lenders including SBI to reschedule repayments due to "cash flow mismatches".
The Jindal brothers once competed to buy foreign assets, but Jindal Steel is now struggling after India's top court cancelled its coal mining licences and a weak commodity market hit margins.
Buying a coal-fired plant would help JSW in its efforts to nearly triple its power generation capacity to around 12,000 megawatts by early next decade.
Jindal Steel commissioned the first of the four 250-megawatt units at the site in the Raigarh district of Chhattisgarh in eastern India in 2007, becoming the first private company to set up an independent power plant.
Source: The Economic Times