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.

Saturday, April 13, 2013

Story repeats on St: FIIs buy, locals shy
Domestic investors continued to pare stake in Indian companies last quarter, taking their shareholding to 13-quarter lows, even as foreign institutional investors (FII) upped their stake significantly to all-time highs.

An analysis of shareholding pattern for 143 of the BSE 500 companies that have declared their March-end shareholding pattern so far shows that both domestic institutional investors, including insurance companies, banks and retail investors, reduced their stake as they sold shares heavily last quarter.

Domestic institutional investors (DIIs) reduced their stake in 97 companies while increasing holdings in 39 firms. Following this, their average shareholding in these 143 companies has come down by 38 basis points (bps) on a sequential basis and by 58 bps for the full year the highest fall in the last five years.

Similarly, average shareholding of retail investors has come down by 5 bps on-quarter as they continued to book profits in the equity markets.

"Domestic investors are shying away due to redemption pressures. But going ahead, I feel incremental savings will start flowing into equity from other physical assets like gold and real estate," said Navneet Munot, CIO, SBI Mutual Fund.

Among domestic institutions, the Life Insurance Corporation (LIC) was among the biggest sellers, reducing stake in several frontline stocks where the prices had appreciated a lot. In all, the DIIs sold shares worth Rs34,000 crore last quarter, while retail investors were net sellers by Rs1,000 crore.

FIIs, on the other hand, have hiked stake in 93 companies while reducing stake in 47, to take their average stake in these companies up from 13.48% in December quarter to 13.96% in the March quarter an all-time high for this set of 144 companies.

K Ramanathan, executive director and CIO, ING Investment Management, said the inflows from foreign investors have been significantly high for the past few years on account of abundant global liquidity and lower interest rates prevailing in developed economies.

"FIIs have shifted their focus from developed markets to emerging markets, where they find higher growth comparatively. Domestically, fund houses and insurance companies are faced with heavy redemption from investors," he said.

FIIs poured in Rs.54,750 crore in Indian equity markets during the quarter the second-highest quarterly inflows since September 2010. 

Courtesy: DNA India.