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.
Sunday, January 26, 2014
Editorial: Golden opportunity
Ideally, the finance minister should lower import duties, to 8% perhaps, and test the waters—artificial curbs on imports also ensure policy makers have no real idea of how weak or strong the CAD is.
Jan 25 2014: Though UPA chairperson Sonia Gandhi has asked the commerce minister to look into the various import curbs on gold—this was based on a petition by the gems and jewelry industry—it is not clear this will be done since the finance minister’s view is that it is premature to assume the current account deficit is under control. While the finance minister may wish to hold on to the higher duties and import curbs, it is worth keeping in mind that gold imports have been falling steadily for the last two quarters—from $16.5 billion in the June 2013 quarter to $3.9 billion in the September quarter and $3 billion in the December quarter—precisely because gold prices have been coming off with the US, and global, economic recovery.
In the last 12 months, gold prices have come off 3% while in the previous 12 months from January 2012 to January 2013, prices rose just under 12%. In other words, chances are gold demand is unlikely to pick up in a significant way if the global economy continues to gather strength. Indeed, despite the sharp hike in gold import duties—from R300 per 10 grams before January 2012 to 8% in June 2013—gold imports rose to 338 tonnes in the June 2013 quarter precisely because global growth looked uncertain, as did the likely impact of the US taper.
With both looking distinctly better, imports plunged in the September and December quarter. Also, if the CAD is likely to be under $50 billion, the economy is in a position to be able to absorb a hike in gold imports should this take place. Indeed, the bigger danger to the CAD, when Indian growth begins to pick up, is from increased imports of both coal and steel scrap, necessitating action on opening up coal mining to the private sector as well as moving the courts to lift various bans on iron ore mining.
This is will get reflected in lower NRI remittances—either way, the impact on the balance of payments and the rupee will be the same. Ideally, the finance minister should lower import duties, to 8% perhaps, and test the waters—artificial curbs on imports also ensure policy makers have no real idea of how weak or strong the CAD is.