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.
Wednesday, January 01, 2014
Gold jewellery imports surge to over 20 ton at fag-end of 2013
With import curbs on gold bars and coins creating shortages, gold jewellery imports have surged suddenly to over 20 tonnes in the October-December period of 2013, according to the Bombay Bullion Association.
India, the world's largest gold consumer and that meets its entire demand through imports, did not buy any gold jewellery abroad in the same period last year.
"For the first time, gold jewellery imports have picked up suddenly this year. Total imports are estimated to be more than 20 tonnes in October-December of 2013," the Association's past-President Suresh Hundia said.
This is despite gold jewellery attracting higher duty of 15 per cent as compared with 10 per cent on gold bullion.
Hundia said jewellery makers are facing shortage as recent curbs have made bullion imports difficult. They have resorted to jewellery imports to meet domestic demand.
Much of the gold jewellery is imported from the UAE. The imported gold jewellery is melted and re-designed as per the taste of Indian buyers.
To bring down current account deficit, government has taken several measures in the past few months to contain gold imports. Import duty on gold has been hiked to 10 per cent, while traders are mandated to re-export 20 per cent of each gold consignment before ordering fresh shipments.
Going forward, Hundia said gold jewellery imports are expected to remain higher in the coming months as well.