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, June 16, 2013

IVRCL Ltd: Patterns are being formed

The scrip of IVRCL Ltd was recommended earlier also around Rs.15.50, for a target of Rs.19-21, as the infrastructure sector is expected to gather steam in the coming days, following a CRR cut by the RBI. 

Also, the banks will now slowly start thinking of passing on the earlier repo rate cuts by the RBI, to the corporate world. The scrip of IVRCL Ltd is still in a buy mode. 

The Indian infrastructure sector continued to languish in FY13 due to poor macroeconomic forces, policy gridlock and political instability. Delays in land acquisition and environmental clearances and poor enforcement of contracts. However, the input costs have started to come down due to fall in inflation. Also, some areas are showing some developments: the telecom sector saw the emergence of the National Telecom Policy, a cohesive document covering a broad range of communication services. In both civil aviation and power sectors, the Government of India has approved foreign investment of 49 per cent, bringing relief to the heavily leveraged public and private companies
progress. The 12th Five-Year Plan projects the total investment in infrastructure during the period to be Rs.51.46 trillion, with 47 per cent contributed by private participation and 53 per cent by the central and state governments. 

In the Union Budget FY14, the FM, P Chidambaram, spoke of encouraging Infrastructure Debt Funds (IDF) so as to mobilize funds to meet the XIIth Plan $1 trillion infrastructure investment target. Through take-out financing, credit enhancement etc, IDFs will provide long term, low cost financing for infra projects. India Infrastructure Finance Company Ltd ( IIFL) in partner with Asian Development Bank (ADB) was set to provide credit enhancement to infrastructure companies wanting access to bond market to tap long term funds. Since the policy paralysis, has come down a bit and FM talking of giving stress on infrastructure, this sector has started to look attractive. CMP: Rs.16.15.