This Blog helps in disseminating FREE information related to Stock/Share Markets (domestic and overseas), Finance/Investments & Current Affairs. The content of this blog is for information purpose only - not recommendations, to Buy or Sell Securities.
The data used here, is derived from the sources, deemed to be reliable, but their accuracy and completeness is not guaranteed. The author is not responsible for any loss in investments made, based on the inputs provided here - 28th May, 2006.
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.
Tuesday, January 21, 2014
Gold futures likely to gain past one-month high
[Editor: India’s central bank, Reserve Bank of India (RBI), earlier partially eased restrictions on import of gold doré bar (semi pure alloy of gold and silver) by allowing refineries to import 15 % of their gross annual requirement in first two months and remaining as per export performance. “Subsequent to this, the quantum of gold doré to be imported should be determined lot-wise on the basis of export performance,” the country’s central bank noted. January has traditionally been a good month for precious metals, at least for the past three years and with this move the chief exporters of Gold Jewelries like Shree Ganesh Jewellery House (I) Ltd (SGJHIL) would be benefited the most. According to my sources, the company has made elaborate plans to boost exports, and giving less focus on the retail and other businesses. It would also benefit from the RBI's recent decision to allow Gold-loan-companies, to give higher amount of loan against gold jewellery pledged by borrowers. NBFCs can now give up to 75%, up from 60% now, of the value of the gold jewellery pledged as loan. SGJHIL is now trading at Rs.26.70]
MUMBAI Mon Jan 20, 2014 4:Gold futures in India are likely to extend gains past their highest level in a month, on the back of positive leads from overseas market, although investors will continue to monitor the rupee for directions.
The actively traded gold contract for December delivery on the Multi Commodity Exchange (MCX) was 0.22 percent higher at 29,330 rupees per 10 grams, after hitting a high of 29,390 rupees, a level last seen on December 16.
"Gold and silver looks good in the short-term on the back of Chinese buying for Lunar New year and commodity index rebalancing in favour of gold and silver," said Gnanasekar Thiagarajan, director with Commtrendz Research.
Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 7.49 tonnes to 797.05 tonnes on Friday - the first increase in a month.
Buying is advised in MCX gold on dips to 29,250 rupees, for a target of 29,600 rupees, with a stop loss at 29,025 rupees, said Thiagarajan.
Silver contract for April delivery on the MCX was 0.04 percent higher at 45,156 rupees per kg.
Buying is advised on dips in silver at 44,900, with a stop loss at 44,500, targeting 45,800 rupees, said Thiagarajan.
(Reporting by Siddesh Mayenkar; Editing by Anand Basu)