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.

Thursday, November 21, 2013

Yellen clears first Senate hurdle to become next Fed chair
[Editor: I am sure the markets World-wide, will give to give this news a thumping ovation. Also we might see a delay of the Fed tapering in the coming months]
WASHINGTON (Reuters) - The Senate Banking Committee on Thursday approved Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote.

If she is confirmed, as is widely expected, the current No. 2 at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.

The vote was 14 in favor and 8 against. Three Republicans voted in favor of her nomination and one Democrat voted against.

Nominated by President Barack Obama, Yellen is viewed as a monetary policy dove who puts more weight on driving down high unemployment than on the risk this will ignite future inflation.

She will preside over a central bank that has taken dramatic and unconventional steps to spur U.S. growth and hiring, measures that have stirred fierce complaints among critics fearful of future inflation and the potential for asset price bubbles.

The Fed has held benchmark U.S. interest rates near zero since late 2008 and has quadrupled the size of its balance sheet to $3.9 trillion through three massive bond purchase campaigns aimed at lowering the cost of long-term borrowing.

This has made the Fed a target for Republican lawmakers worried that these ultra-easy policies have enabled big spending by the Obama administration.

"The long-term costs of these policies are unclear and frankly worrisome," Republican Senator Michael Crapo told the committee before voting 'no'.

Despite those concerns, she is expected to handily win confirmation when the full Senate considers her nomination, likely in December.

Democrats control 55 of the 100 votes in the Senate, which means she would need the backing of only a handful of Republicans to secure the 60 votes that would be needed to clear any procedural hurdles that might be thrown in her way.

She looks well on the way to reaching that threshold.

Yellen received support from three Republicans on the banking committee: Bob Corker of Tennessee, Tom Coburn of Oklahoma and Mark Kirk of Illinois. In addition, Republican Senators Susan Collins of Maine and Lindsey Graham of South Carolina have also indicated they are inclined to back her in the full Senate.

The Democrat who voted against her in committee was Joe Manchin of West Virginia.

(Reporting by Alister Bull and Margaret Chadbourn; Editing by Tim Ahmann and James Dalgleish)

Courtesy: Yahoo.com