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 13, 2017

Today's call
1. Buy NBCC Ltd at Rs.284, Rs.298, SL: Rs.277. NBCC Ltd, a Navratna Company has fixed February 21, 2017 as the record date for 1:2 bonus issue of shares. Exit at Rs.284 or near that price, for intra day traders. The stock is not preforming, as expected.

2. Buy Reliance Infrastructure at Rs.528, T: Rs.545, SL: Rs. 526. Temporary bottom seems to have been formed on daily chart.

3. Buy Reliance Power at Rs.43.60, T: Rs.45-47, SL: Rs.42. The Anil Ambani-led power producer reported a consolidated net profit of Rs275.70 crore, against Rs241.06 crore a year ago. Net sales rose 14.2% to Rs2,456.31 crore in the quarter from Rs2,150.49 crore a year earlier.

Reliance Power's Sasan project is the world's largest power generation plant to be registered under the UN framework, entitling the company to earn 22.4 million carbon credits.

Arun Jaitley’s 10% tax on income from carbon credits is good for companies like Reliance Power Ltd.

According to the explanatory memorandum to the Finance Bill, the income tax (I-T) department has been treating the income earned on transfer of carbon credits as business income subject to tax at the rate of 30%. 


Now Direct taxes code had recommended that income from sale of carbon credits be treated as business income. Therefore, the tax levy of 10% may be considered to be beneficial, for companies like Reliance Power Ltd (Rs.43.60).
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