Courtesy: The Business Standard
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, January 13, 2014
Gold rallies to highest in a month as U.S. jobs growth slows
Reuters | SINGAPORE January 13, 2014
Gold extended gains to a third session on Monday to hit its highest in a month after a surprisingly weak U.S. jobs report stoked expectations that the Federal Reserve could temper the pace of its stimulus wind-down.
A weaker U.S. dollar also supported prices, although physical demand in China - the world's biggest bullion consumer - dropped off due to the rally in prices.
Spot gold was up 0.4 percent at $1,251.60 an ounce by 0313 GMT, after hitting $1,254.05 earlier - its highest since December 12. "Prices may continue to rise till $1,267," said Joyce Liu, an investment analyst at Phillip Futures. "As it's earnings season for U.S. equities, large disappointments in company earnings may also direct some funds back to gold."
"However, the general macroeconomic sentiment and outlook continue to weigh on gold, especially as bond yields continue to rise and prospects for USD remain upbeat. As such, we would consider gold prices this week to be largely supported but vulnerable to end the recent rally."
Gold lost nearly 30 percent of its value in 2013 as strong U.S. economic data prompted the Fed to scale back its stimulus. In January, however, gold prices have been supported by weaker equities and robust demand in China ahead of the Lunar New Year.
A slowdown in outflows from SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, has also helped.
Prices were given a renewed boost by Friday's U.S. nonfarm payroll data which showed that U.S. employers hired the fewest workers in nearly 3 years in December.
Markets believe the weak jobs report could prompt the Fed to proceed with caution in tapering its historic monetary stimulus. The Fed last month announced its first cut to the $85 billion monthly bond purchases. Other data on Friday showed that hedge funds and money managers raised their net long positions in gold futures and options for a second straight week.
On the Shanghai Gold Exchange, premiums for 99.99 percent purity gold fell to about $15 from Friday's $18 as the price gain deterred some buyers.
Buying from China was strong last week due to new year purchases but have now slowed, traders said.
Courtesy: The Business Standard