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.

Saturday, January 24, 2015

Import duty hike likely in metals, mining space: PLilladher 
[Editor: Rohit Ferro Tech Ltd is not only implementing CDR Scheme (where it gets large concessions in terms of interest rate and payment schedules) but also has a couple of coal mines in Indonesia. The stock which closed yesterday at Rs.7.90 is near its 52-week low price and therefore, should be accumulated on all declines, for a target of Rs.12-14, in the short term]
Jan 23, 2015: Prabhudas Lilladher has come out with its report on metals & mining sector. "Hike in import duty likely; weak prices to undo the benefit", says the report.

Prabhudas Lilladher's report on metals & mining sector "Given the fall in demand in China and higher exports from Russia following depreciation in Rouble, the imports of steel into India has increased considerably resulting in renewed pressure on the domestic prices. 

This, we believe may result in the likely increase in import tariffs in India in the near term to protect the domestic industry. Govt’s qualitative measures including mandatory quality certification have partially helped in curtailing rebar imports from China since Nov-14. However, Longs prices remained subdued despite reduced imports due to weak demand. 

In case of flat products, we expect global prices to remain weak in the near term due to upcoming holiday season in China and elevated inventory levels. Hence, we believe that any benefit of higher import duty to the extent of 250bps would be off-set by lower steel prices. So far, all odds are in favour of hike in import duty but Ministry of Finance seems to be averse to hike in duty." 

Valuation and Outlook: 
"Sentiment wise, a hike in duty would be positive for Indian steel sector. However, should the global steel prices continue to remain weak, the benefit would be only for a short period. Steel stocks underperformed the broader indices by a wide margin, in line with our expectation. 

We believe that stocks would remain pressure due to strong Rupee, waning benefit of cheaper iron ore and weak global demand. However, we like TATA steel on the back of attractive valuations, restoration of iron ore mining in India and better play on recovery in Europe with leaner operations", says Prabhudas Lilladher research report.

Courtesy: Money Control

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