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With Gold on the Comex registering a slump in electronic trading,India gold on the MCX too has come down. As the sessions opened gold prices are trading a tad low at Rs.31011, a loss of 0.18% five minutes into the trade.Gold on the Comex is at $1725.65, a loss of 0.04% or of 0.65 dollars.Today, the FOMC of the US Federal Reserve is set to meet and the US economy having struck a positive note, investors are wary of investing in gold. Silver prices too dropped.The QE3 initiative launched by US Federal Reserve has been tied to the performance of US laour markets. Even as they nevertheless see the possibility of firepower getting halved, atleast.Commodities across the board gets boosted as initiatives like QE are announced. The QE2 witnessed $600 bn getting injected into the US economy in 2011.
In a bid to make the Targeted Public Distribution System (TPDS) much more effective, the India government has planned end-to-end Computerization of the system to make its reach more effective and beneficiaries friendly with an outlay of Rs. 884.07 crore.This plan consists of Digitization of rations cards/beneficiary and other databases, Computerization of Supply-Chain Management, setting up of Transparency Portal and Grievance Redressal Mechanisms.Digitisation of beneficiary database and computerization of supply-chain are expected to be implemented by March, 2013 and October, 2013 respectively which would help in weeding out the bogus ration cards and better targeting of subsidies.With computerization of supply-chain, the movement of foodgrains upto FPS level can be tracked and the problem of leakage and diversion can be addressed.Facilities of SMS, e-mails, toll free numbers will be used to inform the beneficiary about the availability of the TPDS supplies in the Fair Price Shop, which will ensure timely and transparent distribution of foodgrains to beneficiaries as per their entitlement.
MTECHTIPS:-If Guar party is round the corner, can a Gold party be far?
How healthy is Indian democracy which produces political parties the way America consumes Hamburgers? One or the other parties sprouts every week in every nook and corner of the country, especially during election time. Some are built on ideology, some on individual money power and a few on caste and a majority on nothing.Since last many years, Indias economy has got derailed because of policy paralysis. And this paralysis is nothing but sacrifice of national cause in the altar of regional chauvinism. Regional parties are born to make hay while the sun in still shining. They believe national parties like Congress or BJP cant provide political alternative regionally. The same way as a television channel thinks of covering the entire country by covering Delhi, the regional parties believe even the politicians also harbor the same misfortune of spending their time in Delhi and not for the welfare of the people who voted them.A section of people believe this is a good trend as it addresses local issues more. The recent formation of a party - Zamindara party- by Guar gum traders in Sriganganagar in Rajasthan is a classic example of how affordable people can form a party by themselves. Its so easy.