'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]
Investors beware: Watch out for what your broker is up to
At the time of filling the KYC (Know Your Customer) documents (when joining), do not sign wherever you are asked to. In particular, look closely at the power of attorney (PoA) section, experts tell Sanjay Kumar Singh [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]
Investors should look at large-cap stocks
Focus on large-caps and ensure that the portfolio is balanced. [Source:Rediff.com Personal Finance]
Will Indian stock markets rise or fall? Track the FPIs
A falling rupee and lower foreign buying in equities are signals investors should watch out for, says Devangshu Datta [Source:Rediff.com Personal Finance]
Banks, NBFCs are India's new m-cap kings
'The government is encouraging consumption through fiscal spending in a bid to push up economic growth in the face of a slowdown in corporate investment and exports.' [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]
'The medium-term correction isn't over still'
Avoid fresh investments, as there might be more opportunities in the coming months, market experts tell Joydeep Ghosh [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]
In Q2, foreign investors sold $3.2 bn of Indian stocks
This flight of capital began in early August due to risk-aversion created first by rising geopolitical tensions due to North Korean aggression and second by the US Fed's decision to shrink its balance sheet [Source:Rediff.com Personal Finance]
Car buyers get to pick and choose insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines that will allow car dealers to become Motor Insurance Service Providers (MISP) and offer the policies of multiple general insurers, says Sanjay Kumar Singh. [Source:Rediff.com Personal Finance]
It makes sense to invest in gold now
Gold looks cheap compared to the stock markets that are highly overbought at the moment. [Source:Rediff.com Personal Finance]
4 smart ways to save big when shopping online
Websites that compare product prices and offer cashback can help you get attractive deals and discounts. [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]
How GST may burden employee benefits
Have companies overlooked the impact of GST on employee benefits such as health check-up facilities, mediclaim, mobile handsets, house lease, long service awards, employee welfare schemes, and so on, asks Anita Rastogi, partner-GST and indirect tax, PwC [Source:Rediff.com Personal Finance]
Guaranteed returns for golden years? Go for annuities
Conservative investors and those in the lower tax bracket should opt for these, experts tell Sanjay Kumar Singh [Source:Rediff.com Personal Finance]
Why banks lose money when you swipe your card
As you swipe your credit/debit card with carefree abandon at merchant outlets, banks are losing money to the tune of Rs 3,800 crore annaully, says Soumya Kanti Ghosh [Source:Rediff.com Personal Finance]
'If you are a long-term investor, this is not the time to add risk'
Sanjay Mookim, India equity strategist at Bank of America Merrill Lynch, tells Puneet Wadhwa that this is not a time for investors to dabble in relatively small and illiquid stocks. [Source:Rediff.com Personal Finance]
The most important lesson for SIP investors
To make money, invest in both good and bad times; otherwise the entire exercise is futile, experts tell Joydeep Ghosh & Sanjay Singh [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]
Mistakes that retail investors make
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin. [Source:Rediff.com Personal Finance]
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]