Thursday, August 19, 2010

preparing for summers

guys i dont claim to know a lot about the world of finance.. i dont actually have to;);).. Well India has done really well to check its non food item inflation.. However food inflation is something that it hasn't been able to manage well.. With about 60.5 million tonnes of grains lying with the FCi, almost 30% or 18 million tonnes are lying in open areas. That is enough to give each and every family of India below the poverty line, some 27Kgs of grains each month.!!! isnt that astonishing.. but in all likelihood, we are going to loose those 18 mio tonnes of grains.. look at the onslaught of monsoons man.. rain is falling chama cham cham... and all those bora's of grains will go waste... now lets come to another point of concern.. Pulses! Indian poor has very recently realized the high protein value of pulses.. we eat about 18 mio tonnes, however produce only 14 mio tonnes!! kahan se ayega 5 mmio tonne.. enter stud myanmar.. we import almost all of their produce.. and they are so happy to charge us heftily for the same.. but rich India being the golden peacock (some years ago!) we happily pay.. that is not what the contention is.. govt. needs to encourage plantation of pulses.. they have announced increased MSP in pulses.. (almost 30% high).. but alas, apna sarkaar.. this too comes at such a delayed stage.. when farmers have already sowed for the next kharif season... so a few laggards would probably gain.. long live India (it again shows how late to bed and late to wise makes ram shyam birju healthy wealthy and wise).. but thats how it is boss!! but everything aside, we really need to be self sufficient in food!!! http://www.mbauniverse.com/business-schools/mba-rankings-comparative-business-school-rankings.php check out IIFt at no 4...

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