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.

Friday, January 10, 2014

Gold, Silver Imports by India Tumble as Government Keeps Curbs
Any decision on relaxing restrictions on imports will have to be taken by the Finance Ministry, Rao said today. “I am sure the finance minister will consider all the relevant facts,” he said.
Photo: Financial Times
Jan 10, 2014: India’s gold and silver imports slumped 69 percent in December after the government curbed purchases to contain the current-account deficit that weakened the rupee to a record low last year.

Inbound shipments of the precious metals were valued at $1.77 billion last month, compared with $5.68 billion a year earlier, Commerce Secretary S.R. Rao told reporters in New Delhi today. Imports declined 30 percent to $27.4 billion in the nine months through December, he said.

Imports tumbled after the government increased the tax on purchases three times in 2013 to 10 percent, linked shipments to re-exports and tightened financing rules to curtail a record current-account deficit that pushed the rupee to an all-time low against the U.S. dollar. Curbs should be retained at least until March to stabilize the trade gap, Economic Affairs Secretary Arvind Mayaram said Jan. 7.

India is seeking to cut purchases to 800 metric tons this financial year from 845 tons a year earlier. Imports totaled 423 tons in the six months through September, according to the World Gold Council.

Bullion, which posted the first annual drop since 2000 last year, was at $1,235.91 an ounce at 2:08 p.m. in Mumbai today. Gold tumbled 28 percent in 2013, erasing more than $73.4 billion from the value of gold-backed funds as some investors lost faith in the metal as a store of value.

Any decision on relaxing restrictions on imports will have to be taken by the Finance Ministry, Rao said today. “I am sure the finance minister will consider all the relevant facts,” he said.

To contact the reporters on this story: Prabhudatta Mishra in New Delhi at pmishra8@bloomberg.net; Unni Krishnan in New Delhi at ukrishnan2@bloomberg.net.

Courtesy: Bloomberg