'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]
How to beat rising interest rates and save tax
What are FMPs and should you invest in them? [Source:Rediff.com Personal Finance]
Access norms for investment by FPIs eased
Overseas funds have been spooked by several policy measures taken by the government in the past few years [Source:Rediff.com Personal Finance]
4 ways the Budget cheers senior citizens
Thanks to Budget 2018, seniors can invest more and also save more. [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]
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]
ULIPs vs MFs: Where should you invest?
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings. [Source:Rediff.com Personal Finance]
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]
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]
Banks are investing big time in venture capital
Banks are allowed to invest up to 10 per cent of the paid-up or unit capital in Category-I or Category-II Alternative Investment Funds [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]
How to buy the best health insurance
Health insurance expert Anil Rego in an online chat with readers answers health insurance queries. [Source:Rediff.com Personal Finance]
The Stockmarket: What Next?
'My sense is that we should be braced for a correction.' [Source:Rediff.com Personal Finance]
Investors Summit: Yogi govt spent Rs 65cr in 'make up' of Lucknow
Mukesh Ambani said he had never seen any city decked up so strikingly as Lucknow [Source:Rediff.com Personal Finance]
Is the Nifty heading for a crash?
It is too early to judge if the fall in Nifty from an all-time high of 11,170 to February 12 closing of 10,539 is a big trend reversal or merely a short-term correction, says Devangshu Datta. [Source:Rediff.com Personal Finance]
Where to invest now
With the general election due in 2019 and interest rates moving upwards, the market expects uncertainty to rise, so the bulk of your money should be in shorter-duration funds, experts tell Sanjay Kumar Singh. [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]
No representations from investors against LTCG tax: Sebi chief
After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming." [Source:Rediff.com Personal Finance]
How to buy diabetes insurance
Mahavir Chopra tells you what to check before you choose a diabetes insurance plan. [Source:Rediff.com Personal Finance]
Bitcoin investors, exercise caution
Limit your investment in cryptocurrencies and make sure you have current holdings in your own custody until regulatory cloud blows over, experts tell Sanjay Kumar Singh. [Source:Rediff.com Personal Finance]
LTCG tax: Why you must NOT quit equity funds
With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh. [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]
LTCG tax: Grandfathering benefits may elude investors
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two. [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]