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 gains as dollar slips, stimulus outlook eyed
[Editor: Those who are holding Manappuram Finance Ltd (Rs.16.80) and Muthoot Finance Ltd (Rs.116.05) are suggested to hold the scrip, as Gold has started to move up again. The gold cannot fall midst of ongoing Festive Season. You can also look at my take on Gold written last week, in this blog]
Gold climbed on Monday as the U.S. dollar slipped after Lawrence Summers withdrew from the race to be the next chairman of the Federal Reserve, but the metal was still trading near its five-week low on concerns over the outlook for the bank's stimulus.

FUNDAMENTALS

* Spot gold rose 0.2 percent to $1,328.85 an ounce by 0020 GMT, after recording its largest weekly loss since late June. Poor technical momentum, easing tensions with Syria and expectations that the U.S. central bank would unwind its monetary stimulus sent the metal to a five-week low on Friday.

* Summers, a former top aide to President Barack Obama and Treasury secretary under President Bill Clinton, withdrew from consideration to succeed Fed Chairman Ben Bernanke, after liberal pressure soured his confirmation prospects.

* Investors wagered that Fed policy would stay easier for longer under the other main candidate, Janet Yellen.

* Markets are awaiting the outlook from the U.S. central bank on its $85 billion monthly bond purchases. The Fed holds a two-day policy meeting from Tuesday.

* The United States agreed to call off military action against Syria under a deal with Russia to remove President Bashar al-Assad's chemical weapons stockpile.

* Hedge funds and money managers slashed bullish bets in futures and options of the U.S. gold markets for the first time in 5 weeks, pressured by easing tensions over Syria and expectations that the Federal Reserve will begin to unwind its monetary stimulus, a weekly report by the Commodity Futures Trading Commission showed on Friday.

* SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.66 percent to 911.12 tonnes on Friday.

* After a once-in-a-generation plunge in the bullion price left investors nursing their wounds, gold equities - long unloved - showed the biggest two-month net inflow for two years in July and August.

MARKET NEWS

* The U.S. dollar fell to a near four-week low against a basket of major currencies and Asian shares rallied after Summers pulled out from the race to be the next Fed chief.

(Reporting by A. Ananthalakshmi)

Courtesy: Reuters