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, March 21, 2014

India's gold jewellery exports turn to uptrend
~By Siddesh Mayenkar
Thu Mar 20, 2014: Gold jewellery exports from India rose for the first time in the fiscal year last month, helped by better availablity of gold, and industry officials said this trend will gain pace in coming months with more banks importing.

India's jewellery exports had been hit by limited gold supplies after it curbed imports to bring down a current account deficit.

After falling more than 50 percent since the start of the year, jewellery exports edged higher by one percentage point in February to $718.36 million from a year earlier, the Gems and Jewellery Export Promotion Council (GJEPC) said.

"The comfort level of availability of gold has increased and more supplies will come with new banks coming on board," said Pankaj Kumar Parekh, vice chairman of GJEPC. He said the positive trend will continue in coming months.

India has allowed five domestic private sector banks to import gold. The move could boost supplies and bring down premiums for the metal in the world's second-biggest consumer after China.

Cumulatively, India exported $6.35 billion worth of gold jewellery in the first eleven months from April 2013, down from $11.67 billion.

"Things are a little better than last time as we are getting gold and even the American market is recovering," said Rajiv Jain, chairman and managing director of Sambhav Gems, which exports gem studded jewellery mostly to the United States and Europe.

Exporters will also eye the next policy moves from the federal government after the current account deficit eased from a record high hit in the year to March 2013.

The CAD, final figures for which are expected to come in the first week of June, is likely to fall to less than $40 billion for the fiscal year ending March 31 from its record $88 billion in the previous year.

"Next year should be good as far as exports are concerned. If there are favourbale changes in gold import policy that will help," said Jain. "At the last Hong Kong exhibition the response from gems and jewellery traders was good, further adding to hopes."

A trade fair for exporters was held in Hong Kong from March 2 to March 9. (Reporting by Siddesh Mayenkar; Editing by Anupama Dwivedi and William Hardy)

Courtesy: Reuters