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, January 27, 2015
Dumpwatch: Low Ruble Prices Bringing Russian Steel To India's Shores
Jan. 26, 2015: First it was China, now India's steel makers face a similar "cheap imports" threat from a neighbor, this time Russia. The depreciation of the Russian ruble against the US dollar has started to have its effect felt in India's steel sector.
Since the last two months, even as steel majors have watched the developments from the sidelines, the steady decline in the ruble's value has led to local players increasingly importing Russian alloy. It is Russia as the flavor of the month, much to the consternation of Indian steel companies, and the situation is not going to improve anytime soon.
To combat the trend, India's steel ministry has proposed an immediate upward revision of import duties on steel products such as long products and hot-rolled coil. The logic is "to safeguard the TMT/rebar industry."
The minister has told the finance ministry to increase import duties on non-alloy long products, HR/CR coil and stainless steel products would face a hike to 10%. The ministry's logic is that excess steel capacity in China and Russia, among other importers, is leading to dumping in India.
A report by Bloomberg quoted JSW Steel's Mumbai-based Senior Vice President, Sharad Mahendra, as saying deals for steel imports from Russia have been struck in the past month and "such purchases will only increase," since Russian companies are able to offer heavy discounts on hot-rolled steel prices.
All of this has raised a question mark about India's domestic steel output. Steel companies have already raised output targets for the year ending March 31, thanks to the government's Make In India campaign. All of that could change now, with such cheap imports coming into the country, analysts say.
Already, in an effort to counter cheap imports, major steel producers have reduced prices on finished products by about 4% in January as metal prices across the world continued to trend downward.
The move is aimed at countering cheaper imports from China and Russia and to arrest a demand slump in the domestic market, industry sources said.
What is now worrying Indian producers is that cheap Russian imports were also threatening to take over a portion of India's traditional export markets in the Middle East such as Iran.
Courtesy: Seeking Alpha