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.

Tuesday, July 01, 2014

 IVRCL CDR proposal approved
CDR is a mechanism that permits viable companies additional time to meet debt obligations, subject to certain terms and conditions
Hyderabad, July 1, 2014: IVRCL Ltd, has informed BSE on Tuesday that the Corporate Debt Restructuring Empowered Group (CDR EG), at its meeting held on June 28, 2014, had approved the CDR proposal submitted by the company.

The company's board, at its meeting held on Monday, had passed necessary resolutions for the implementation of the approved CDR scheme and also to obtain the shareholders approval for passing the necessary resolutions.

In January 2014, IVRCL, which incurred a net loss of Rs 853.37 crore in 2013-14, had initiated the process of CDR prescribed under the Reserve bank of India (RBI) guidelines by way of reference to CDR Cell.

CDR is a mechanism that permits viable companies additional time to meet debt obligations, subject to certain terms and conditions.

IVRCL had earlier decided to raise Rs 300 crore either through a rights issue, preferential allotment or institutional placement to fund its projects.

IVRCL scrip closed at Rs 26.50 on BSE today, marginally down 0.19% compared to the previous close of Rs 26.55 crore.

Courtesy: The Business Standard
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