Discrimination faced by Mumbaikars...
If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.
Sunday, January 20, 2013
Suzlon Energy Ltd, gets a Moratorium period of 2 (two) years on both Interest & Principal Payments
Suzlon Energy Ltd, world's 5th largest wind turbine producer, received an approval for its debt restructuring package, from the lenders.
Sources said that lenders have approved Suzlon's INR 9600 crore worth corporate debt restructuring package.
Sources added that “As per the agreement, the company will repay USD 1 billion dues to lenders by March 2016."
Sources further added that the company will get a moratorium period of two years on both interest and principal payments. There will be no additional funding from banks, but lenders have decided that during this two year moratorium period, when the interest will be waived off, it will be converted into a term loan. This term loan will again be converted into equity over these two years.
So, around INR 1600 crore of loans will be converted into equity over that two year period. The promoters have also agreed to infuse INR 250 crore into the company, INR 125 crore in the first year and the next INR 125 crore in the second year.
Source: Moneycontrol.com (edited)