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 09, 2013

Steel consumption grows by 0.3% during April-August: JPC
[Editor: The trend is expected to improve in the coming days with Monsoon now coming to an end. Also, if the INR comes down to around Rs.61-62 Vs USD, the company would be able to save around Rs.245-300 Cr on its import of coal (mainly from Australia). Moreover, the coal prices are expected to come down further. CLICK HERE & CLICK HERE. Hence, remain invested in SAIL at Rs.47.5-48 (CMP: Rs.47.85]
New Delhi  September 9, 2013: Impacted by slowdown in domestic economy, the country's steel consumption grew by just 0.3% in the first five months of current fiscal at 30.345 million tonnes (MT).

According to data compiled by Joint Plant Committee (JPC), a Steel Ministry body, real consumption of the metal during the April-August period of the last fiscal was at 30.240 MT.

"Consumption was impacted by the slowdown in the domestic economy," JPC said.

Pulled down by a drop in mining and manufacturing output, India's economic growth in the April-June quarter slid to 4.4%, the lowest in past several years.

Global financial services firm Nomura had pegged the GDP growth at 4.2% for the current fiscal. Generally, steel consumption grows by 1.2 times of the GDP growth number.

Total production for sale, JPC said, grew by 4.9% during the April-August period of the current fiscal at 33.342 MT compared to 31.781 MT in the same period last financial year.

Imports were down by 28.2% to 2.410 MT from 3.357 MT a year earlier. At the same time, exports also dipped to 1.865 MT from 1.919 MT a year ago.

The balance between consumption and availability of steel thus stood at over 3.5 MT by the end of August.

Stating that accumulation of stocks by steel makers was a reflection of the poor economic condition, an analyst tracking the sector said poor demand from the construction and automobile sectors are primary reasons for stocks piling up.

"The trend of subdued demand witnessed in the domestic market due to sluggish economic growth, is likely to be over with Monsoon now coming to an end. Better demand is just a few days away," he said.

India's steel consumption grew by 3.3% during the 2012-13 fiscal to 73.336 MT while captains of the industry were hoping for a 6-7% growth during the current financial year.

Meanwhile, among major producers of steel in the country, state-run Steel Authority of India (SAIL) reported a 0.3% growth in production during the April-August period at 4.170 MT.

RINL reported 9.1% growth at 1.115 MT while Tata Steel's production was at 2.994 MT, a growth of 22.6% over the same period.

Compared to July 2013, production for sale of finished steel declined by six% in August 2013.