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.

Monday, September 16, 2013

Gold Advances as Dollar Tumbles After Summers Fed Withdrawal
Sep 16, 2013: Gold gained as the dollar dropped to the lowest level in a month after Lawrence Summers withdrew from consideration as the next Federal Reserve chairman before the central bank meets this week to decide on stimulus. Silver rallied from its worst week since June.

Bullion for immediate delivery climbed as much as 0.8 percent to $1,336.40 an ounce and traded at $1,329.38 by 8:19 a.m. in Singapore. Prices dropped 4.7 percent last week, the biggest decline since the period ended June 28. Gold for December delivery rose 1.6 percent to $1,329.70 an ounce on the Comex in New York, rallying from a 5.6 percent loss last week.

President Barack Obama had mentioned Summers and Fed Vice Chairman Janet Yellen as potential candidates to lead the central bank after Ben S. Bernanke’s term as chairman expires Jan. 31. The Fed is forecast to reduce its bond-purchase program, called quantitative easing, this week, according to a Bloomberg News survey. Summers, a former Treasury Secretary, would tighten Fed policy more than Yellen, a Bloomberg Global Poll showed last week.

The Bloomberg Dollar Index, a gauge against 10 major trading partners, fell as much as 0.5 percent to the lowest since Aug. 12. The index gained 3.4 percent this year while gold tumbled 21 percent as investors lost faith in the metal as a store of value and the Fed indicated it may buy fewer bonds.

The metal rose 70 percent from December 2008 to June 2011 as the U.S. central bank pumped more than $2 trillion into the financial system by buying debt. Policy makers will cut monthly purchases by $10 billion at their Sept. 17-18 meeting to $75 billion, a survey of 34 economists Sept. 6 showed.

Silver for immediate delivery was little changed at $22.22 an ounce. Prices slumped 6.9 percent last week, the most since June 21. The metal for December delivery surged as much as 3.6 percent to $22.49 an ounce in New York before trading at $22.23.

Palladium advanced 1 percent to $707.55 an ounce while platinum was little changed at $1,452.90 an ounce.

To contact the reporter on this story: Phoebe Sedgman in Melbourne at psedgman2@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

Courtesy: Bloomberg.com