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.
Tuesday, April 16, 2013
UCO Bank Ltd: Riding on the Rate Cut Story
After the moderate rise in February, the Wholesale price index (WPI) inflation fell to 5.96% in March 2013. This is the lowest recorded figure in 40 months. After declining for four months straight, the WPI inflation had risen from 6.62% in January 2013 to 6.84% in February 2013, according to the data released by the Central Statistical Organisation (CSO), the Ministry of statistics and program implementation.
This fall in the inflation numbers is expected to give legs to the stocks in the Banking and Construction Sectors. The RBI could go in for a 25 bps cut in the interest rate and at the same might think of cutting the CRR to boost the liquidity in the system. I am not sure about the real estate sector, as there is a huge inventory built up and at the same time, the cost of the apartments have shot up beyond the reach of the common man in most of the metro cities. The UCO Bank Ltd will slowly drift towards Rs.71-72 in the coming days.