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.

Wednesday, April 10, 2013

Retail investors return to equity MFs in March
FY13 ends on a positive note as net inflows were positive
[Editor: After a long time both the FIIs and DIIs turn net buyer according to the Latest Data from the Stock Exchanges: FII==>Rs.2822.16 (Buy), Rs.2781.94 (Sell), Rs.40.22 (Net) and DII==>Rs.841.82 (Buy), Rs.644.53 (Sell), Rs.197.2 (Net)]
Retail investors were drawn to equity mutual fund schemes in March, the first time in 10 months, owing to demand for the industry’s tax-saving product — equity linked savings scheme (ELSS).

In March, equity mutual funds, including ELSS, recorded net inflows of Rs 768 crore, after seeing continuous monthly outflows since May 2012, according to the latest data with the Association of Mutual Funds in India. Backed by strong gross sales, the equity segment, largely avoided by investors, managed to end in the positive territory for the month.

Equity sales stood at Rs 4,468 crore, a rise of 20 per cent compared with Rs 3,713 crore in February.

Mutual fund officials said though the net inflows were a breather for the mutual fund industry, the demand might not be sustained, as the near-term outlook for equities was hazy. In 2012-13, equity schemes saw net outflows of Rs 14,587 crore, a record high.

“Unless there is stability in the markets, attracting retail money into equities looks difficult. To draw investors, a strong bull run is the need of the hour. Else, the situation may worsen from here on,” said a sales official at a mid-sized fund house.

Large- and mid-cap equity schemes returned an average of 4.5 per cent in the year ended April 9, compared with the Sensex’s 5.8 per cent returns.

In March, investors typically buy ELSS for tax-saving purposes, ahead of the end of the financial year. The industry saw several existing ELSS being converted into Rajiv Gandhi Equity Savings Schemes, helping it avail of tax benefits up to an investment of Rs 50,000.
Table : Showing net inflows in equity MFs* during FY13
Months Net inflows (Rs crore)
April -  615
May +420
June -286
July -949
August -2286
Sept -3559
Oct -1984
Nov -1525
Dec -1718
Jan -2690
Feb -163
March +768
* Includes equity linked saving schemes (ELSS)
Source : Association of Mutual Funds in India (Amfi)
Courtesy: Business Standard