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, October 13, 2015
Q2 gold imports at 3-quarter high
October 10, 2015: In the quarter ended September this year, gold imports jumped to a three-quarter high of an estimated 262.2 tonnes, owing to lower prices and higher import of dore gold, or unrefined gold, by refineries. Observers say the trend suggests "import is returning to the normal prevailing three years ago".
In the quarter ended December last year, imports stood at 292 tonnes, while the previous high was in the June 2013 quarter (333.6 tonnes).
In the September quarter this year, demand was high, as prices started falling since July-end, before being quoted at $1,072 an ounce at a global level and Rs 25,000/10g in Mumbai. Currently, gold is quoted at a discount of $6 an ounce to the cost of import.
An analyst tracking gold imports said, "Several gold refineries are jacking up capacities to benefit from the two per cent lower import duty on dore gold." Dore attracts eight per cent import duty and value addition is done in India, which saves on import costs. Dore imports in the past two months are estimated at about 60 tonnes on a gross purity basis; on a net purity basis, these are estimated at about 40 tonnes.
Q2 gold imports at 3-quarter high For the first nine months of this year, overall dore imports are estimated at about 220 tonnes on a gross purity basis.
In September, the demand was lower because high imports in August (113.6 tonnes) had left jewellers with inventories. Going forward, "if gold prices fall a bit, the demand will pick up", said the analyst quoted earlier.
"Indian demand for gold is positively correlated to higher GDP (gross domestic product), spending power and the monsoon," said a Natixis Commodity Research report released on Friday. It is expected imports will be high in the coming months because growth in India's GDP has been higher compared to its peers and the festive season in India is approaching.
During 2012-2014, average annual gold imports stood at 858 tonnes, according World Gold Council (WCG) data. So far this year, imports stand at 661 tonnes; the WGC estimates for the entire year, imports will touch 900 tonnes.
Courtesy: Business Standard