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, August 24, 2013

RBI buys Rs.6,231 crore worth of bonds
The move is aimed at putting money back into the banking system and cooling off bond yields
Mumbai: The Reserve Bank of India (RBI) on Friday bought Rs.6,231 crore worth of bonds from the secondary market in its first bond buy-back programme since it tightened liquidity in mid-July, to put money back into the banking system and cool off bond yields.
The offer was to buy up to Rs.8,000 crore of bonds. Details of the bond auction, published on the RBI website, showed the central bank bought the bonds almost in line with the prevalent market price.

RBI offered to buy four securities maturing between 2022 and 2030, including the benchmark 10-year bond maturing in 2023, which was trading at 8.24% before the cut-off results were published.
The cut-off yield at which RBI bought this bond was at 8.2571%, auction results showed. The yields on this 10-year bond closed at 8.2635% at 5pm.

RBI had offered to buy bonds from the secondary market on Tuesday after the 10-year bond yield touched 9.49%, highest since September 2001, making borrowing costs prohibitively costly for the government. The yield came down the next day on RBI’s decision to buy bonds from the secondary market, at regular intervals.