'Wanna beat rice crisis, go for sweet potatoes'
In a recent call to Filipinos, president Arroyo said they should boil rice with sweet potatoes or they should go for cheaper cereals to avoid going hungry as rice prices soared to record levels. "This is a once-a-millennium global crisis. We have an action plan," Arroyo said, noting that residents of the central island of Cebu are already using cheap sweet potatoes to beat the crisis. [Source:Rediff.com Commodities]
Indians, don't eat! Let US eat well!
Last year, India's food consumption increased almost 5 per cent considering that it had 7 plus GDP growth. India consumes more edible oil than any other country in the world. Most of the staple diet of many countries are soybeans, maize, rice, wheat etc. Many readers have complained that Rice's statement was taken out of context to sensationalize. Here is what happened. [Source:Rediff.com Commodities]
How to secure your family's financial future
Use whole life term policies for legacy planning. By doing so, your annual outgo will come down and returns will improve, suggest Chirag Madia and Tinesh Bhasin. [Source:Rediff.com Personal Finance]
Is Exxon on a sticky wicket?
According to reports, the world's biggest energy group announced a first-quarter record profit of $10.9 billion but its oil production fell almost 10 per cent in the first three months of the year. Moreover, its refining profits also slumped. Reports said that the company's broader market rallied, but Exxon shares fell 3.6 per cent to $89.70. [Source:Rediff.com Commodities]
Expect biofuel from grass soon!
In an effort to produce biofuel from a variety of elephant grass, Monsanto Co of Creve Coeur and Mendel Biotechnology Inc are joining hands. According to the two companies, Monsanto will lend its crop-testing, breeding and seed-production expertise to the Bioenergy Seeds & Feedstocks unit of Mendel, based in Hayward, California. [Source:Rediff.com Commodities]
India may ban food futures trading
Speaking to reporters in Madrid, he said ''The pressure is to suspend a few more food articles, If rightly or wrongly people perceive that commodities- futures trading is contributing to a speculation-driven rise in prices, then in a democracy you will have to heed that voice''. [Source:Rediff.com Commodities]
Nifty's realty index is up 90 per cent! Where should you invest now?
After giving negative or low returns from 2013-2016, the Nifty Realty Index is up a whopping 91.14 per cent, making it the best performer year-to-date. Can you still make money in this sector? Sanjay Kumar Singh finds out. [Source:Rediff.com Personal Finance]
How EPFO subscribers will gain from equity investment
The 15% invested every month in equity would be allotted to subscribers in the form of units. [Source:Rediff.com Personal Finance]
Home loan at 4 per cent! Should you go in for it?
Sanjay Kumar Singh speaks to experts to find out if Tata Housings new loan offer should interest you. [Source:Rediff.com Personal Finance]
How to save the property market
The real estate sector is a major employment provider and the economy cannot afford its hard landing. Harsh Roongta suggests measures that can revive the under-construction market [Source:Rediff.com Personal Finance]
Why you must not buy bundled home loan insurance
You will be much better off buying the required plans directly from life and general insurers, experts tell Chirag Madia [Source:Rediff.com Personal Finance]
Time to create mother of all mutual funds
The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian. [Source:Rediff.com Personal Finance]
Real facts behind food crisis
According to USDA estimates, the US accounted for an average of 11.5 percent of world exports of rice for calendar years 2004 through 2007 and is projected at 12.7 percent for 2008. US exports will increase to 3.5 million metric tons while world total exports decline to 27.5 MMT. The largest rice exporter is Thailand at 9.0 MMT for 2007/08, 32.7 percent of world exports, down 0.5 MMT from 2006/07 and up from 7.3 MMT in 2004/05 and 2005/06. [Source:Rediff.com Commodities]
Carat: It's different for gold and diamonds
In today's world if the diamond is over one carat in size it will usually come with a certificate from the laboratory specifying the inclusions, color and size. The carat itself is made of one hundred particular parts called points. While it is possible to estimate the weight of a mounted diamond, the lab uses ultrasensitive scales to achieve an exact weight, measured 3 decimal places, although the third decimal place is not usually mentioned at the retail level. [Source:Rediff.com Commodities]
Another Green Revolution or people will starve
World food prices have been rising since 2000, but this sped up slightly in 2007, then sharply in early 2008. High prices have hit the urban poor especially hard, and led to food shortages, riots and demonstrations worldwide. IRRI is part of the Consultative Group on International Agricultural Research, a network of international agricultural research institutes started in the 1960s. [Source:Rediff.com Commodities]
Don't worry about losing money: Bankers
Will the Financial Resolution and Deposit Insurance Bill endanger our bank deposits? [Source:Rediff.com Personal Finance]
EPFO subscribers will now get mutual fund units
'A subscriber will know exactly how much of his money is in debt and how much in equity.' [Source:Rediff.com Personal Finance]
Handing over power of attorney? Read this first
Build trust and confidence and do not pass on your powers in haste. [Source:Rediff.com Personal Finance]
How Jio has made life complicated for telecom investors
The DoT estimates that it will receive Rs 29,524 cr in revenue from the telecom industry in FY18, which is 38% less than the Budget revenue target of Rs 47,300 cr for FY18 [Source:Rediff.com Personal Finance]
Active funds vs ETFs: Where should you invest?
ETFs may be an option if you are considering only large-cap funds, experts tell Tinesh Bhasin. [Source:Rediff.com Personal Finance]
'Futures trading is not responsible for inflation'
The Indian government on Tuesday released the report from a Committee that studied the impact of futures trading on agricultural commodity prices. The Committee under chairmanship of Prof. Abhijit Sen, Member, Planning Commission was appointed on 2nd March, 2007. [Source:Rediff.com Commodities]
$3 bn foreign investment in Indian stocks since Aug
'The good news is that money continues to flow into India-focussed offshore funds.' [Source:Rediff.com Personal Finance]
Eat less, feed the world : Rice tells India and China
And she has blamed the 'growing Indian and Chinese appetite in contributing to the global food crisis'. The US Secretary of State is technically correct since both the countries dominate the world food consumption. But analysts feel she is morally and socially wrong. [Source:Rediff.com Commodities]
Beware! Plenty of froth in IPO market
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh [Source:Rediff.com Personal Finance]
How to protect your family wealth
Ring fence your family's assets with a trust as this ensures fewer disputes, advises Sandeep Nerlekar. [Source:Rediff.com Personal Finance]