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.

Sunday, April 26, 2015

RBI Should Look Into Interest Rates: Jayant Sinha
[Editor: With INR depreciating Vs the US, it could be disastrous if the RBI goes for further Repo rate cut, unless the former stabilizes. Narendra Modi government has brought India to the brink of deflation. Now, it would be very tough to revive demand once again, unless the Finmin, works very hard. Moreover, inspite of all the hypes regarding Mr.Sinha being "...an ardent student of fund management, investments and contemporary economics" his gestures seems to be "Starkly Mediocre". In fact Narendra Modi's government is a "Parade of Mediocrity", only]
Kolkata, April 25, 2015:  Maintaining that higher borrowings by individuals will lead to purchase-led growth, Minister of State for Finance Jayant Sinha on Saturday said interest rates should fall and hopefully the Reserve Bank of India (RBI) will look into that.

"Interest rates should fall so that higher borrowings will lead to more purchases of articles and RBI should look into that aspect," Mr Sinha said at an interaction organised by the Bharat Chamber of Commerce here.

"RBI is a very professional data-driven organisation and they would obviously look at the facts before taking any decision," the minister told reporters when asked specifically whether the central bank should cut rates.

"So, let us see how the data play out," he said with a cautious tone, clarifying that a rate cut was not imperative for restarting stalled projects.

Referring to branching out public debt management from the ambit of the RBI, Mr Sinha said there had been a lot of resistance from the central bank's officers and employees.

"Worldwide, public debt was being managed by an outside entity and not the central bank. But RBI was doing a very fine job... When you are reforming, you can expect opposition. Even the RBI Governor feels strongly about creation of a separate public debt management body," Mr Sinha added.

On public sector banks, he said the Finance Bill of 2015 has provided for opening up the posts of chairman and managing director of public sector banks to experienced professionals from private banks who would be given market-linked salaries.

The government will also create a banking investment company which will hold government shares, he said.

The department of financial services of the Finance Ministry will also be stripped of the power by creation of a banking bureau, which will carry out the function of appointment, strategy and capitalisation of public sector banks, Mr Sinha said.

Courtesy: NDTV Profit
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