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.

Monday, March 25, 2013

Jindal Steel and Power Ltd: Preparing for big upmoves
Many steel companies during the last few months have been beaten black and blue due to uncertainty in the sector and slowing of demand from the real  estate, infrastructure and automobile companies. Moreover, even the global demands were not showing too much buoyancy. 
It is pertinent to mention here that India is the fourth largest steel producing nation in the world, as per the recent figures release by World Steel Association in April 2011. If the proposed expansion plans are implemented as per schedule, India may become the second largest crude steel producer in the world by 2015-16.
The demand for steel in the country is currently growing at the rate of over 8% and it is expected that the demand would grow over by 10% in the next five years. However, the steel intensity in the country remains well below the world levels. Our per capita consumption of steel is around 110 pounds as compared to 330 Pounds for the global average. This indicates that there is a lot of potential for increasing the steel consumption in India. 
Going forward with lowering of interest rate by the RBI and the economy picking up steam, the increase in the demand of steel in India is expected to be 14% against the global average of 5-6%. Demand for steel  should come from infrastructure, construction, housing, automotive, steel tubes and pipes, consumer durables, packaging and ground transportation sectors. The government has set a target for $ 1 trillion of investments in infrastructure during the 12th Five Year Plan. Infrastructure projects (like Golden Quadrilateral and Dedicated Freight Corridor) will give boost to the demand in the steel sector in near future. Moreover, projected New Greenfield & up-gradation of existing Airport shall keep the momentum up. We could see, increased demand of specialized steel in hi-tech engineering industries such as power generation, automotive petrochemicals, fertilizers etc. 
Meanwhile, Iron ore prices meanwhile fell sharply last week on concerns lower Chinese demand and better supply outlook. According to media reports, Associated Chambers of Commerce and Industry of India (Assocham), has said that Basic Custom Duty (BCD) and Countervailing Duty (CVD) exemption on imported iron ore is imperative to revive steel sector. “Non-availability of iron ore arising out of a tighter regulatory regime and various government impositions to weed out illegalities from iron ore mining sector is further stressing the steel production in India,” said Mr D.S. Rawat, secretary general of Assocham. 
According to media reports: Shareholder acceptance period of Gujarat NRE Coking Coal's takeover by Jindal Steel & Power will close on 28 March 2013, a day before the original close date. The acceptance close, which was earlier slated for 29 March, has been moved forward due to Easter Friday. Jindal had made an unconditional on market bid for Gujarat NRE, making an offer of $0.20 per share. One can buy the scrip at the CMP of Rs.352, for a target of Rs.366. Upon closing above Rs.370, it may touch Rs.420 in the short term.