'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]
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]
Why this is the best time to buy low-cost house
Provisions of RERA, subsidy under PMAY and relaxation in PF withdrawal to buy a house will aid affordable housing, points out Harsh Roongta. [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]
Investment mistakes to avoid during bull runs
Investing heavily in a top-performing fund during good times can cause long-term pain. [Source:Rediff.com Personal Finance]
Does investing in skilling help the employer?
Generation, a youth employment non-profit, is empowering young people to build thriving, sustainable careers. It also provides employers the highly skilled, motivated talent they need. [Source:Rediff.com Personal Finance]
When India's taxman gets cool...
The I-T department's app is useful for those looking for information, grievance redress, and resolving PAN- or TAN-related issues. [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]
RBI rate cut: Why it's good news for investors
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts [Source:Rediff.com Personal Finance]
Markets at new highs? Don't sell and exit entirely
You may invest even at current market levels provided you have an investment horizon of five years or more. [Source:Rediff.com Personal Finance]
GST: 3 challenges for professionals/freelancers
'The professional or the freelancer needs to pay taxes from his pocket first and then wait for payments from his clients.' [Source:Rediff.com Personal Finance]
Pay all bills, make investments from one place
BBPS allows you to pay electricity, telephone, water supply, gas and DTH bills. [Source:Rediff.com Personal Finance]
Want property returns? A 6-point checklist
Such investments come with their own share of risks and buyers may need to hold on for at least 5 to 10 years. [Source:Rediff.com Personal Finance]
'We won't be investing in the Flipkarts of the world'
After another profitable quarter, Anil Chanana, chief financial officer, HCL Technologies, tells Karan Choudhury that customer confidence is at an all-time high. [Source:Rediff.com Personal Finance]
Investor wealth takes Rs 1.43 lakh-cr knock as stocks plummet
The benchmark indices fell as Sebi cracked down on 331 suspected shell companies listed on exchanges. [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]
6 ways to make a fortune when stocks crash
Experts suggest six ways to play stocks that tank suddenly and make money as Sanjay Kumar Singh listens in [Source:Rediff.com Personal Finance]
Investors divided over Snapdeals move to end merger talks
Snapdeal has a number of shareholders including Ontario Teachers' Pension Plan, PremjiInvest, Ratan Tata, Foxconn, Temasek and BlackRock, among others. [Source:Rediff.com Personal Finance]
Beware of fake income tax e-mails
If you receive an email claiming to be from the income tax department that there's an outstanding tax demand that you need to pay immediately, don't get alarmed. [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]
Byju's, Ola, Flipkart: One Chinese company is investing millions in them!
Tencent reinforces India's consumer internet story. Ranju Sarkar reports. [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]