Courtesy: Gulf Daily News
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.
Monday, February 16, 2015
India gold prices surge on jewellery demand
MUMBAI, Saturday, February 14, 2015: Gold prices in top consumer India swung to a premium to the global benchmark this week, compared with discounts late last month, as jewellery demand picked up, dealers said.
Indian gold prices were at a premium of $2-$3 an ounce over the international benchmark and are expected to remain in the same range in the short term, according to trade sources.
Prices were at a discount of up to $16 an ounce last month, due to weak demand and sufficient supply in the market.
'Wedding demand has started picking up at lower prices,' said Narendra Singh, owner of Kiran Jewellers in Jaipur.
'Presently supply is smooth and gold is available as per the requirement but imports may increase in the coming months on increased demand,' he said.
India overtook China as the top gold consumer last year as jewellery demand jumped to a record high, World Gold Council data showed this week.
Gold is a popular gift at weddings in India, and is also bought for auspicious occasions.
Sustained strong demand in the top consumer could support gold prices, currently trading just above five-week lows.
Strong purchases in China ahead of the Lunar New Year holiday next week could also underpin prices, though traders warned that sales were still lower compared to last year.
'Sales of jewellery and small gold bars are good but demand is probably slightly lower than last year's levels,' said a trader at one of the importing banks in China.
Chinese consumers have recently been quite cautious in gold purchases, following record buying in 2013, when prices had slid sharply by 28 per cent. A cautious price outlook and an anti-graft drive have kept some buyers away.
Premiums on the Shanghai Gold Exchange were steady at $3 to $4 an ounce this week. This compares to premiums of about $10 and above ahead of the 2013 new year holiday, which fell on January 31 last year.
'Short-covering may lift gold for the time-being, but post Chinese New Year, we could see gold taking a tumble again,' said Howie Lee, analyst at Phillip Futures. The firm expects gold to test $1,200 an ounce by the end of the first quarter.
Courtesy: Gulf Daily News