|Photo: MBA Skool|
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, June 20, 2014
Infrastructure finance firms can raise long-term funds
Besides, infrastructure debt fund NBFCs have been allowed to issue secured debentures
June 19, 2014: The government, on Thursday, allowed infrastructure finance companies to issue secured debentures with a tenure of up to 30 years, a move that will help in raising long-term funds for the sector.
Besides, infrastructure debt fund non-banking financial companies (ID-NBFCs) have been allowed to issue secured debentures for up to 30 years.
“Similarly, housing finance companies have been allowed relaxed terms for maintaining debenture redemption reserve on the lines similar to NBFCs registered with the RBI (Reserve Bank of India). Necessary amendments in rules have been notified,” the Ministry of Corporate Affairs said in a statement on Thursday.
A debenture redemption reserve is an account that can only be utilised to redeem debentures.
As per the XII Plan document, India is projected to require investments of about $1 trillion in infrastructure during 2012-17.
The government also clarified that companies can appoint an independent merchant banker, registered with the Securities and Exchange Board of India to prepare valuation reports required before making a preferential allotment of shares.
The firms can also engage an independent chartered accountant with a minimum experience of 10 years to prepare valuation reports, the statement said.
Courtesy: The Hindu Business Line