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, June 19, 2016

Real estate stocks rally on REIT buzz, Unitech Ltd, the biggest gainer
The rally in real estate stocks — driven by hopes of relaxed real
Photo: DNA India
estate investment trust (REIT) norms to be considered by markets regulator Sebi on Friday — saw Unitech shares jumping 15.75%, followed by HDIL (7.15%), Oberoi Realty (5.91%) and Sobha (4.22 %). 

All the four stocks were mentioned in this blog, the last week and Unitech Ltd, as expected gave one of the finest returns. 

The PTI reported a few days back that: Securities and Exchange Board of India (SEBI) is likely to consider a slew of norms pertaining to the real estate sector.  The regulator could consider making REITs "more attractive" to investors by permitting large investments from such trusts in under-construction asset. This has led to renewed optimism in the shares of real estate space. 

Now there is another counter, which did not rally much on last Friday and has the potential to cross Rs.10-12, in the short term, because of RBI's new debt restructuring plan. The CMP of the share is Rs.7.70 in NSE and Rs.7.73 in the BSE. The name of the scrip will be mentioned tomorrow in this blog. 

Regarding managing of corporate debts, the DNA India wrote on 27 May, 2016: 
It comes as a surprise that big corporations are finding ways to deal with debt and the banks are encouraging them to go ahead. As reported in this paper on Thursday, the economic research department of the State Bank of India has found that some of the big corporations are setting aside part of their assets to deal with debt. For example, Anil Ambani’s ADAG has set aside assets worth Rs.59,761 crore to manage a debt of Rs.1,24,956 crore.
That is a little less than 50% of the total debt. Reducing debt will improve not only the balance sheet of the corporation, but also that of the banks with their stressed assets. The banks, ICICI’s Chanda Kochhar has revealed in a media interaction, are encouraging corporations to sell off either core or non-core assets to bring down the debt burden.
Therefore, I feel that: as long as any company is able to service its debts, from internal accruals, I feel it is safe to invest in those companies, provided their financials are tracked regularly.  

In a significant development, in the domestic arena, the data released on last Thursday showed that India's CAD narrowed to $300 million (0.1% of GDP) in the March quarter (Q4) from $7.1 billion in the preceding quarter and $700 million in the fourth quarter of 2014-15.

The sharp decline in the deficit was attributed to a correction in trade deficit that shrank to $24.8 billion in Q4 from $34 billion in the December quarter and $31.6 billion in the March 2015 quarter. 

With inflation still below the RBI's comfort zone and the banks gearing up to take advantage of the new RBI guidelines, to clean the NPA, we could look forward for softer interest rates for some more time. Therefore, in such a situation, the companies, which are debt ridden and whose share prices were beaten down during the last few months, offer a good choice for punters, to rake in short term gains.
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