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 13, 2014

Keep Watch: Oil and Gas Stocks of Upstream Oil Companies
Oil and gas stocks could be doing well in the near future as there are murmurs in New Delhi, that the NDA government could soon be taking a decision on the gas price hike issue.

Originally, the gas prices hike based on the formula suggested by C Rangarajan panel was set to be effective starting April 1, 2014. However, the matter got delayed due to the general elections. If implemented, the gas prices could double from the existing $4.2 per million British thermal unit to over $8, as suggested by the Rangarajan panel.

Reports now suggest that the petroleum ministry is expected to make a presentation on the issues pertaining to the oil and gas sector to Prime Minister Narendra Modi in next few weeks and a clear direction on the road ahead will be clear post that. The Ministry had informed producers such as Reliance Industries (RIL) that the earliest possible date for hiking the gas price is July, 2014. The Ministry is required to notify the price for the July quarter within the first fortnight of June. It had earlier deferred the price hike, which was to come into effect from April 1, 2014.

Few stocks who could be major beneficiaries of such a formula are: ONGC (Rs.422.45), BPCL  (Rs.568.25), HPCL (Rs.393.25), IOC (Rs.333.20), Oil India Ltd (Rs.587.80) RIL (Rs.1081.95), GAIL (I) Ltd (Rs.416.80) and Shiv-Vani Oil and Gas Exploration Ltd (Rs.22.70).

The biggest gainers could be ONGC, RIL, Oil India Ltd, GAIL and Shiv-Vani Oil and Gas Exporation Ltd (Sentimental Effect). Even among the four, if the gas prices are revised, the biggest beneficiary will be ONGC because of the sheer volumes it produces. Besides, clarity on the subsidy will benefit the company, which has to shoulder some of the losses incurred by public sector oil retailers.

A world leader in upstream supply and support, Shiv-Vani Oil & Gas Exploration Services Ltd has been the preferred exploration partner of Oil and Gas majors in India and the Middle-East since 1989. Known for its integrated services for Exploration and Procurement of fossil fuels, Shiv-Vani has been the trusted partner of the Oil and Natural Gas Corporation Limited (ONGC), Oil India Limited (OIL) and Petroleum Development Oman (a Shell International operation). The company provides a bouquet of completely integrated services including shot-hole drilling, well-workover, deep drilling, seismic services and coal-bed methane extraction and handling, across 36-plus sites in India and the Middle East. Shiv-Vani has expanded its considerable capabilities through the acquisition of cutting edge technologies, latest equipment and the forging of new partnerships with Express Drilling Systems, USA, KCS, Kazakhstan and TNG Group, Russia.

In India the  Oil and gas companies face ever-growing pressure to produce, process, and import hydrocarbon energy. Their abilities to perform would improve greatly if they are free to compete instead of being forced, as they are now, to act as tools of the state.

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