'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]
Why small savings investments have risen to Rs 1.55 trillion
Demonetisation is the biggest reason for the rise in preference for small savings. [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]
Planning to invest in NBFCs? Please read this
Keep a close eye on credit quality, financials of NBFCs before investing. [Source:Rediff.com Personal Finance]
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]
Planning to buy an e-car? Do read this
Parts of electric cars are costlier and repairing often means replacing an entire system, which drives insurance premium rates up. [Source:Rediff.com Personal Finance]
Why China's realty firms can't invest in India
Chinese companies who were actively pursuing business opportunities in India have adopted a wait and watch approach following the Chinese government clampdown. [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]
Investors going beyond wallet biz; bets on last mile solutions
Mobile payments alone gathered close to $1.51 billion in the year 2017 through 13 rounds of funding, according to data compiled by Tracxn [Source:Rediff.com Personal Finance]
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]
The key risk for the Indian stock market
High networth individuals selling stocks to buy real estate is among the key risks for the Indian markets. [Source:Rediff.com Personal Finance]
Systematic Withdrawal Plan: Dos and don'ts
Systematic withdrawal plans in equity funds can spell trouble in a falling market, points out Deepesh Raghaw. [Source:Rediff.com Personal Finance]
Zomato to rejig top brass as investors look for change
Company says it is just replacing old guard with stronger leaders [Source:Rediff.com Personal Finance]
Want to insure your car against tree falls, flood damage?
Buy comprehensive motor insurance policy to guard against natural calamities. [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]
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]
Xiaomi plans to invest close to $1 billion in India by 2022
Manu Kumar Jain, vice-president, Xiaomi, and managing director, Xiaomi India, shares his thoughts with Arnab Dutta on how the firm has put India on the forefront. [Source:Rediff.com Personal Finance]
What homebuyers MUST know
Tinesh Bhasin explores the limitations of rights granted to homebuyers under the Insolvency and Bankruptcy Code. [Source:Rediff.com Personal Finance]
Filing IT returns? What you must know
If you miss the July 31 deadline, there is a late filing fee of up to Rs 10,000. [Source:Rediff.com Personal Finance]
Are you ready for IPOs worth Rs 20,000 crore?
Half a dozen companies looking to tap the market as the Indian rupee stabilises and oil prices cool down. [Source:Rediff.com Personal Finance]
Why these stocks fell steeply in 2018
Insolvency and Bankruptcy Code bound stocks have witnessed a steep fall in 2018. [Source:Rediff.com Personal Finance]
MFs woo small town India with incentives
Fund houses have conducted investor camps and awareness programmes in more than 400 cities. [Source:Rediff.com Personal Finance]