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.
Friday, June 17, 2016
Reliance Capital Ltd: Q4FY17, Result Update
Reliance Capital Ltd (R-Cap) reported a net profit increase of 2% in the March, 2016 quarter from a year earlier after setting aside a special reserve for its insurance unit.
Consolidated net profit for the fourth quarter grew to Rs.415 crore, from Rs.407 crore a year ago, said the company, which is a part of Anil Ambani’s Reliance Group.
The financial services company set aside Rs.111 crore as a special reserve for Reliance Life Insurance Co. Ltd, during the three-month period.
“This is a business reserve due to change in product mix in the life insurance company,” a spokesperson for the company said.
Consolidated revenue in the quarter increased 13% to Rs.2,807 crore from Rs.2,484 crore reported a year ago.
Other income in the quarter dropped to Rs.21 crore from Rs.58 crore a year ago.
As of 31 March 2016, the company’s total assets stood at Rs.67,112 crore, an increase of 40% on a year-on-year basis, it said in a statement.
Group company Reliance Commercial Finance Ltd saw its loan book rise to Rs.10,940 crore, as of 31 March, an increase of 6% from a year ago.
Disbursements for the year were at Rs.8,138 crore, up 17% from last year.
The company’s gross non-performing asset ratio increased to 3.1% of its loan book at the end of the fourth quarter, as compared with 2.6% as on 31 December (marginal rise).
Reliance Home Finance Ltd, a 100% owned subsidiary of Reliance Capital, saw its outstanding loan book increase 34% from last year to Rs.6,792 crore as on 31 March.
For the January-March quarter, the assets under management for Reliance Mutual Fund were at Rs.1.58 trillion, up 16% year-on-year, the company said in its statement.
Reliance Life Insurance reported new business premium worth Rs.1,558 crore, while renewal premium was at Rs.2,840 crore for the year ended 31 March.
For Reliance General Insurance Co. Ltd, the gross written premium was at Rs.2,868 crore, up 4% from a year ago.
As on 31 March, the total investment book was at Rs.5,381 crore, up 7% year-on-year.
Courtesy: Live Mint (edited)