FedEx Predicts a Global Economic DownturnInvestingTips
By www.ProfitableInvestingTips.com
FedEx Predicts a Global Economic Downturn
Stocks have retreated from multiyear highs and FedEx predicts a global economic downturn. The stock market highs were from an expected economic boost from Federal Reserve bond purchases. Some of the almost immediate retreat from these highs is certainly from profit taking by short term traders. However, the state of the global economy is far from healthy. Witness that FedEx predicts a global economic downturn based on its own projections in the shipping business. The assumption by FedEx and others is that high fuel prices and slowing trade will function as a drag on business well into 2013. Although the Fed stimulus plan may help the USA it will not help Chinese exports to debt ridden Europe. The US will likely see a boost to the housing market and more investment in home industry based on how the Fed stimulus plan is expected to operate. Over the long haul the fact that the US is printing money to get out of the recession for good will likely devalue the US dollar. That is another problem for China and other Asian export driven economies as exports from the USA will become more competitive.
Europe and Asia
Although an out and out Greek financial collapse has not happened the debt problem in Europe seems endless. The eventual solution may be the same as the USA is applying, print money to stimulate industry, pay off debts, and devalue the currency to make the economy more competitive. In the meantime the Chinese economy has slowed, the Chinese housing bubble is still a threat, and economies across Asia are feeling the pinch of fewer exports to Europe. A company like FedEx predicts a global economic downturn based on less business and their unique view of international shipments. As economies shrink companies are reverting to sea routes instead of shipping by air which directly affects the bottom line for companies like UPS, DHL, and FedEx.
A Unique View of World Markets
A company such as FedEx does business in the four corners of the globe. As such it gets a clear and early view of what is going on everywhere. Thus, when Fedex predicts a global downturn investors are wise to listen. To a degree FedEx profits have positive correlation with global business. Something that FedEx and industries in the world have in common is paying energy costs. The rise in fuel prices over the last year or more has been a drag on the economy. Part of the rise has been because of expanding business coming out the depths of the recession. And part has been to so called Iran tax, the price that has been built in to crude oil prices due to reduced exports from Iran and the threat of Iran shutting the Straits of Hormuz in response to trade sanctions or the threat of war in that part of the world due to Iran’s nuclear ambitions.
Productivity and GDP per capita growth: A long-term perspective, Bergeaud, Ce...Soledad Zignago
Gilbert Cette's slides at the Secular Stagnation and Growth Measurement Conference, Banque de France, January 16, 2017, with Antonin Bergeaud & Remy Lecat https://www.banque-france.fr/stagnation-seculaire-et-mesure-de-la-croissance-conference-organisee-par-la-banque-de-france-et-le
Agriculture is the main stay of the majority of people, especially in the rural areas
provides employment to about 70% of the total labor force.
Contributes 23.7 percent of the Gross Domestic Product
Contributes 34 percent of export earnings
Provides 95 percent of domestic food requirement
Provided geopolitical movement doesn’t derail his best laid predictions, Gordon Orr sees a year of slowing economic growth, headaches for multinationals, demographic anxiety, and buyer’s remorse for soccer tycoons.
FedEx Predicts a Global Economic DownturnInvestingTips
By www.ProfitableInvestingTips.com
FedEx Predicts a Global Economic Downturn
Stocks have retreated from multiyear highs and FedEx predicts a global economic downturn. The stock market highs were from an expected economic boost from Federal Reserve bond purchases. Some of the almost immediate retreat from these highs is certainly from profit taking by short term traders. However, the state of the global economy is far from healthy. Witness that FedEx predicts a global economic downturn based on its own projections in the shipping business. The assumption by FedEx and others is that high fuel prices and slowing trade will function as a drag on business well into 2013. Although the Fed stimulus plan may help the USA it will not help Chinese exports to debt ridden Europe. The US will likely see a boost to the housing market and more investment in home industry based on how the Fed stimulus plan is expected to operate. Over the long haul the fact that the US is printing money to get out of the recession for good will likely devalue the US dollar. That is another problem for China and other Asian export driven economies as exports from the USA will become more competitive.
Europe and Asia
Although an out and out Greek financial collapse has not happened the debt problem in Europe seems endless. The eventual solution may be the same as the USA is applying, print money to stimulate industry, pay off debts, and devalue the currency to make the economy more competitive. In the meantime the Chinese economy has slowed, the Chinese housing bubble is still a threat, and economies across Asia are feeling the pinch of fewer exports to Europe. A company like FedEx predicts a global economic downturn based on less business and their unique view of international shipments. As economies shrink companies are reverting to sea routes instead of shipping by air which directly affects the bottom line for companies like UPS, DHL, and FedEx.
A Unique View of World Markets
A company such as FedEx does business in the four corners of the globe. As such it gets a clear and early view of what is going on everywhere. Thus, when Fedex predicts a global downturn investors are wise to listen. To a degree FedEx profits have positive correlation with global business. Something that FedEx and industries in the world have in common is paying energy costs. The rise in fuel prices over the last year or more has been a drag on the economy. Part of the rise has been because of expanding business coming out the depths of the recession. And part has been to so called Iran tax, the price that has been built in to crude oil prices due to reduced exports from Iran and the threat of Iran shutting the Straits of Hormuz in response to trade sanctions or the threat of war in that part of the world due to Iran’s nuclear ambitions.
Productivity and GDP per capita growth: A long-term perspective, Bergeaud, Ce...Soledad Zignago
Gilbert Cette's slides at the Secular Stagnation and Growth Measurement Conference, Banque de France, January 16, 2017, with Antonin Bergeaud & Remy Lecat https://www.banque-france.fr/stagnation-seculaire-et-mesure-de-la-croissance-conference-organisee-par-la-banque-de-france-et-le
Agriculture is the main stay of the majority of people, especially in the rural areas
provides employment to about 70% of the total labor force.
Contributes 23.7 percent of the Gross Domestic Product
Contributes 34 percent of export earnings
Provides 95 percent of domestic food requirement
Provided geopolitical movement doesn’t derail his best laid predictions, Gordon Orr sees a year of slowing economic growth, headaches for multinationals, demographic anxiety, and buyer’s remorse for soccer tycoons.
A study on Budget deficit AND Its impact on the economy of BangladeshMd Showeb
Government budget deficit is the difference between government revenues and expenditures. Government has different sources of revenues. Major portion of government revenues comes from direct and indirect taxes. Direct taxes come from income and profits of individuals and institutions and indirect taxes come from import duty, supplementary duty and value added tax. It can be put in different way. Direct taxes are the part of economic revenues and incomes of individuals and institutions and indirect taxes are the part of economic transactions in the form of buy, sale, export and import transactions. If government wants accelerate its revenues to meet the growing public expenditures and to reduce the budget deficit without reducing the expenditures of different influential sectors, much efforts should be made to increase economic revenues and income as well as the economic transactions so that the government revenues can meet the growing demand of the economy with the increase in revenues from income tax, import duty, supplementary duty and value added tax. In this regard the concentration of the report is on the management of deficit budget to minimize bad effects and maximize the utilization of funds. Having budget deficit is not a problem at all. The problems lie with the government inefficiency in the management of budget deficit. The evaluation of different reasons behind deficit budget and the evaluation of different bad effects of deficit budget are two crucial parts of our discussion. The impact of budget deficit on the different sectors of the economy is addressed here with relevant information. It is further concentration point of the report to find ways to improve the management performance of the government to achieve different macroeconomic goals with the help of expansion of economic revenues and transactions. The government revenues increase with the increase in economic revenues and economic transactions. The key point of our discussion is government should not decrease the public expenditures as the population is growing. The expenditures on different public sectors have to be increased as the population is growing. But budget deficit should not grow to meet the expenditures as budget deficit has some associated problems with it. For this reason government has to concentrate on accelerating the revenue collection rapidly with the expansion of economic revenues and economic transactions. For this reason government should try to integrate different policies to achieve key macroeconomic goals.
Demonetisation of ₹500 & ₹1000
Content
Need of the study
Introduction
In a bid to cut corruption, the Prime Minister of India, Mr. Narendra Modi has announced the ban on Rs. 1000 and Rs. 500 currency notes. What is being an unpredictable move by Modi, he announced during his special address to the nation that the currency notes of Rs. 500 and Rs. 1000 will be illegal starting mid night of 8th of November 2016. "Currency notes of Rs 1,000 and Rs 500 will be just paper with no value, " announced by PM Modi.
This move from the Indian Prime Minster is his strike against the ever increasing black money in our country. • While this announcement was met with shock and confusion by many, there are others who termed this as the Surgical Strike on Black Money. • Let us have a look at the reasons for the ban and how this can affect our economy going forward.
CONTINUED........• As the economy of India is cash based, such circulation of fake currency notes has become a menace. • So, to contain the increase in fake notes and black money, the scheme to ban Rs. 500 and Rs. 1000 currency notes has been introduced by the government.
These notes can now be exchanged for the same value of money at the RBI offices or at various bank and post offices.People can deposit their old currency till the 30th of December 2016 in their respective bank accounts. • Most of the ATMs across the nation are closed on the 9th and 10th of November and the withdrawal limit from the 11th of November is Rs. 2000 and the same would be increased to Rs. 4000 per day.
Continued….
CONTINUED…
What RBI and world bank says about Indian economy.!In the last two and a half years with the support of 125 crore Indians, India has become the “bright spot” in the global economy. It is not just we who are saying this; it is being stated by the International Monetary Fund and the World Bank.
Conclusion
Bibliography
Presentation by Keith Hall, CBO Director, to the National Association for Business Economics.
In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
CBO’s estimate of the deficit for 2017 has decreased since August 2016, when the agency issued its previous estimates, primarily because mandatory spending is expected to be lower than earlier anticipated. However, the current projection for the cumulative deficit for the 2017–2026 period is about the same as that reported in August.
CBO’s economic forecast—which underlies its budget projections—indicates that under current law, economic growth over the next two years would remain close to the modest rate observed since the end of the recession in 2009. Nevertheless, economic growth would continue to outpace growth in potential (maximum sustainable) GDP and thus continue to reduce the amount of underused resources, or slack, in the economy. The result would be increases in hiring, employment, and wages, along with upward pressure on inflation and interest rates. In the later part of the 10-year projection period, output growth would be constrained by a relatively slow increase in the nation’s supply of labor.
An whole description about demonetisation in india .Its rules and regulations.Its positive impact and negative impact.When it was started and with which purpose.How people reacted.How the world reacted
This presentation of the budget outlook for the coming decade highlights the key findings from CBO’s report The Budget and Economic Outlook: 2016 to 2026, which was released in January.
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
A study on Budget deficit AND Its impact on the economy of BangladeshMd Showeb
Government budget deficit is the difference between government revenues and expenditures. Government has different sources of revenues. Major portion of government revenues comes from direct and indirect taxes. Direct taxes come from income and profits of individuals and institutions and indirect taxes come from import duty, supplementary duty and value added tax. It can be put in different way. Direct taxes are the part of economic revenues and incomes of individuals and institutions and indirect taxes are the part of economic transactions in the form of buy, sale, export and import transactions. If government wants accelerate its revenues to meet the growing public expenditures and to reduce the budget deficit without reducing the expenditures of different influential sectors, much efforts should be made to increase economic revenues and income as well as the economic transactions so that the government revenues can meet the growing demand of the economy with the increase in revenues from income tax, import duty, supplementary duty and value added tax. In this regard the concentration of the report is on the management of deficit budget to minimize bad effects and maximize the utilization of funds. Having budget deficit is not a problem at all. The problems lie with the government inefficiency in the management of budget deficit. The evaluation of different reasons behind deficit budget and the evaluation of different bad effects of deficit budget are two crucial parts of our discussion. The impact of budget deficit on the different sectors of the economy is addressed here with relevant information. It is further concentration point of the report to find ways to improve the management performance of the government to achieve different macroeconomic goals with the help of expansion of economic revenues and transactions. The government revenues increase with the increase in economic revenues and economic transactions. The key point of our discussion is government should not decrease the public expenditures as the population is growing. The expenditures on different public sectors have to be increased as the population is growing. But budget deficit should not grow to meet the expenditures as budget deficit has some associated problems with it. For this reason government has to concentrate on accelerating the revenue collection rapidly with the expansion of economic revenues and economic transactions. For this reason government should try to integrate different policies to achieve key macroeconomic goals.
Demonetisation of ₹500 & ₹1000
Content
Need of the study
Introduction
In a bid to cut corruption, the Prime Minister of India, Mr. Narendra Modi has announced the ban on Rs. 1000 and Rs. 500 currency notes. What is being an unpredictable move by Modi, he announced during his special address to the nation that the currency notes of Rs. 500 and Rs. 1000 will be illegal starting mid night of 8th of November 2016. "Currency notes of Rs 1,000 and Rs 500 will be just paper with no value, " announced by PM Modi.
This move from the Indian Prime Minster is his strike against the ever increasing black money in our country. • While this announcement was met with shock and confusion by many, there are others who termed this as the Surgical Strike on Black Money. • Let us have a look at the reasons for the ban and how this can affect our economy going forward.
CONTINUED........• As the economy of India is cash based, such circulation of fake currency notes has become a menace. • So, to contain the increase in fake notes and black money, the scheme to ban Rs. 500 and Rs. 1000 currency notes has been introduced by the government.
These notes can now be exchanged for the same value of money at the RBI offices or at various bank and post offices.People can deposit their old currency till the 30th of December 2016 in their respective bank accounts. • Most of the ATMs across the nation are closed on the 9th and 10th of November and the withdrawal limit from the 11th of November is Rs. 2000 and the same would be increased to Rs. 4000 per day.
Continued….
CONTINUED…
What RBI and world bank says about Indian economy.!In the last two and a half years with the support of 125 crore Indians, India has become the “bright spot” in the global economy. It is not just we who are saying this; it is being stated by the International Monetary Fund and the World Bank.
Conclusion
Bibliography
Presentation by Keith Hall, CBO Director, to the National Association for Business Economics.
In fiscal year 2016, for the first time since 2009, the federal budget deficit increased in relation to the nation’s economic output. The Congressional Budget Office projects that over the next decade, if current laws remained generally unchanged, budget deficits would eventually follow an upward trajectory—the result of strong growth in spending for retirement and health care programs targeted to older people and rising interest payments on the government’s debt, accompanied by only modest growth in revenue collections. Those accumulating deficits would drive debt held by the public from its already high level up to its highest percentage of gross domestic product (GDP) since shortly after World War II.
CBO’s estimate of the deficit for 2017 has decreased since August 2016, when the agency issued its previous estimates, primarily because mandatory spending is expected to be lower than earlier anticipated. However, the current projection for the cumulative deficit for the 2017–2026 period is about the same as that reported in August.
CBO’s economic forecast—which underlies its budget projections—indicates that under current law, economic growth over the next two years would remain close to the modest rate observed since the end of the recession in 2009. Nevertheless, economic growth would continue to outpace growth in potential (maximum sustainable) GDP and thus continue to reduce the amount of underused resources, or slack, in the economy. The result would be increases in hiring, employment, and wages, along with upward pressure on inflation and interest rates. In the later part of the 10-year projection period, output growth would be constrained by a relatively slow increase in the nation’s supply of labor.
An whole description about demonetisation in india .Its rules and regulations.Its positive impact and negative impact.When it was started and with which purpose.How people reacted.How the world reacted
This presentation of the budget outlook for the coming decade highlights the key findings from CBO’s report The Budget and Economic Outlook: 2016 to 2026, which was released in January.
The Union Budget for 2017-18 pledged relief for rural India, middle class taxpayers and small and medium-sized companies in the Union Budget 2017-18, saying the government would spend thousands of crores to double farmers' incomes, upgrade infrastructure and provide affordable housing. While unveiling the budget the Hon’ble Finance Minister emphasised that the budget is built on three pillars “Transform, Energise and Clean India”, that is, TEC India. This agenda of TEC India seeks to transform the quality of governance and quality of life of the citizens of India, energise various sections of society, especially the youth and the vulnerable sections of the society and enable them to unleash their true potential. The emphasis of TEC India is also to clean the country from the evils of corruption, black money, and non-transparent political funding. The main focus of the Budget has been to boost government expenditure in order to increase growth, and to muster employment generation.
The Finance Minister said the Indian economy was doing well despite global trends of slowing growth in other emerging economies. He also delivered a big relief to foreign portfolio investors by exempting them from indirect transfer provisions. The centre’s budget size has been pegged at Rs. 21.47 lakh crore, with an increase of 25.47 per cent in capital expenditure. As regards fiscal consolidation, the FM has targeted fiscal deficit of 3.2 per cent for 2017-18 as against earlier target of 3 per cent. For agriculture and rural sector, Mr Jaitley has increased the allocation by 24 per cent to Rs. 1.87 lakh crore for 2017-18. In the case of infrastructure, the planned public investment stood at massive Rs. 3.96 lakh crore.
We have developed an analysis of the budget, which includes opinion pieces from eminent economists and experts.
The International Food Policy Research Institute (IFPRI) and the Nepal Agricultural Economics Society (NAES) are jointly organizing Annual Conference of Nepal Agricultural Economics Society on February 13-14, 2015 at Conference Hall, Trade Tower, Thapathali, Kathmandu, Nepal. During the annual conference of NAES, a special session on “Convergences of Policies and Programs relating to Sustainable and Climate Resilient Agriculture” is being organized. The aim of this special session is to showcase the studies and experiences in South Asian countries on climate resilient agriculture and how they can learn from each other to formulate progressive and sustainable policies to promote climate smart agriculture in a regional perspective.
Single crystallized sugar from Sugar Cane is a large industry of India that generates rural employment and produces useful by-products. an essay about this industry is presented.
ReSAKSS Regional Analysis on Agricultural Expenditures and Agricultural Policy Bias: East and Central Africa", presentation by Babatunde Omilola and Melissa Lambert. April, 2009.
Trend Analysis of Dairy Farming in BangladeshNur E Sowrove
It includes trend analysis of dairy farming in Bangladesh with as much data collectible from BBS and other reports & journals of Government & Non Governmental research institutes.
1. MEHANGAI MAR GAYI
Increasing Poverty, Rising Prices, Super Inflation
Mr. Prime Minister “Who is responsible for this mess?”
Nitin Gadkari’s 14 questions to Dr. Manmohan Singh
BHARATIYA JANATA PARTY
2. Faulty Economic Policies of Congress Govt.
Result - “Super Inflation”
Once again India has entered into double‐digit inflation.
Inflation was ‐1% in August 2009 gone upto 12 % in March
2010. Faulty and wrong economic policies of the Congress
Govt. has resulted into :
• Super Food Inflation of 20%
• Food Prices doubled in Congress Regime
• Industrial Growth 19%
but Agriculture growth ‐0.2%
2
3. It is Garibi Badhao not Garibi Hatao
• Commodity Exchanges have become Dens of Speculation
& Manipulation
• Beneficiaries :‐ Multinationals, Big Corporate Houses,
Manipulators, Speculators
• Sharp increase in Poverty, People living Below Poverty
Line increased to 42 crores.
• Sharp disparities between price paid to Farmers and
price paid by Customers.
• Food grains get rotten and
poor people struggling for food
4. Food Security in Danger
India becoming Import dependent
Economic Survey says :
“The‐large magnitudes of both poverty and inequality which
coexist with growth. From National sample survey (NSS) on the
distribution of consumption expending, And employing the
consumer price index of agricultural labors. The consumption
of the poor people (lower 20% of the Indian population) has
come down (I.e. poverty & inequalities has increased.)”
• Inflation / food inflation highest in Congress regime
Period % Period %
Dec. 2009 19.95 1973‐74 22.7
198081 11.4 1991‐92 20.2
5. Inflation, Super Inflation – Price Rise
• Wrong economic, agriculture, import‐export policy
resulted in inflation, super food inflation
Period Inflation, %
2008 12
August 2009 ‐1
March 2010 11+
• Food inflation is 17 to 20% for the last 20 weeks
• Mr. Prime Minister “Where have things gone wrong?”
6. INFLATION IN THE WORLD & INDIA
Country Inflation %
China 2.7
America 2.6
South Korea 2.7
Europe 0.9
Hong Kong 1.0
Taiwan 2.4
Malaysia 1.3
Singapore 0.2
India 11.0
• 11 % inflation in India is highest in the world
• Though Chinese GDP growth is 9.5% (India 7.2%), China has 2%
inflation and India 11%
• Mr. Prime Minister “Do you deny that inflation in India is 11%
as against global inflation of 1 to 2%?”
8. Essential Commodities Prices
Double in India compared to world
Item Rate per kg
International Price Price in India
Wheat 8.00 14.50
Soybean 16.24 22.50
Soya Oil 40.06 46.00
Sugar 17.68 38.00
• Sugar price in India is more than double and wheat 80% more
than prices in other countries
Mr. Prime Minister, “Is it not true that the prices of food
articles are 80% higher than in the world market?”
9. Prices of Essential Commodities Doubled in Congress Regime
Price Rs/kg
Item 2004 March 2010
Wheat 9 24
Rice 10 28
Sugar 14 37
Ground Oil 40 100
Chana Dal 25 52
Tur/Mung Dal 24 88
Milk 14 32
Kerosene/liter 18 35
Mr. Prime Minister “Is it not a fact that the prices of essential
commodities doubled during your regime?’’
9
11. Up & Up – every item, prices moving upward.
Product Quantity 2004 Price 2010 Price Increase in
Rs. Rs. %
Colgate Paste 100 gm 16 28 75
Babul Paste 100 gm 12 18 50
Tata Premium Tea 100 gm 12 28 133
Sunlight washing
powder 500 gm 25 32 28
Lux Bathing Soap 100 gm 11 18 64
Bread one pound 400 gm 8 15 80
Eggs One 1.50 3 100
Mr. Prime Minister “Don’t you agree that downtrodden &
middle class is finding it difficult to match two ends?”
12. Export Import Scam/Manipulation
• Frequent, non‐transparent, manipulative export–import
policies
• 48 lac tons sugar exported at Rs.12.50 and re‐imported at Rs.
22 to 32 per kg
• Inferior quality of wheat imported at Rs.18.50 while Indian
farmers were paid Rs.8.50 per kg
• Hundreds crores African Countries Rice Export Scam
Sugar‐2008‐09 – Export duty exempted
2009‐10 – Import duty exempted
Mr. Prime Minister
(i) “Do you plead ignorance about your scandalous export –
import policies?
(ii) You prefer to export sugar at Rs.12.50/kg and import it at
Rs.22 but not create any buffer stock. Don’t you owe an
explanation to the people?
13. Garibi Hatao ya Garibi Badhao
Phenomenal rise in Poverty
• Number of Poor has gone up during the Congress Regime
• According to the Planning Commission’s – National
Sample Survey – Below Poverty Line (BPL) population in
rural India was 28.3% in 2005
• As per 2009 GOI Tendulkar Committee, 41.8% of rural
population is living Below Poverty Line
• The Planning Commission put BPL population in its 2005
report at 31 crores. December 2009 Tendulkar
Committee puts it at 42 crores.
• Mr. Prime Minister “ You say garibi ghatti hai.”
Then why 42 crores people of rural India are still
below poverty line? Are you really giving them food?
14. Mismanagement, Manipulation of buffer stock
• Government godowns over flowing with rice and wheat
• Against buffer stock requirement of 200 lac tons Govt godowns
have 453 lac tons as on 1st March 2010.
• In spite of huge production, huge buffer stock, prices gone up
rapidly. Why Govt. did not release, use the buffer stock?
• Mr. Prime Minister ‘Govt. godowns are overflowing & food
grains are getting rotten. Then why prices are
skyrocketing, leaving poor people half fed?
WHEAT RICE TOTAL
BUFFER NORMS 82 118 200
ACTUAL STOCKS 183.88 269.50 453.38
15.
16. Poor struggling for food
• Though Govt. godowns are full of food grains, poor struggling
for food
• Saxena Committee of GOI states that 23% of poor people do
not have any ration card
• Only 49% of the eligible poorest have BPL/Antyodaya Anna
Yojana cards
Mr. Prime Minister “Is it not true that the Govt appointed
Saxena Committee pointed out that 51 % poor have been
denied BPL ration card and deprived of food grains?”
17. Ignoring Agriculture
• On the one hand, Congress Govt. has failed to control the
price rise, failed to provide food security. The Budget has
resulted in further inflationary trends. Agriculture
growth on December 2009 is negative –0.2 %. In spite of
this, the Govt. has provided a meager Rs.900 crores, i.e.
0.075%, for agriculture development out of Rs.12 lac
crores total budget.
• Mr. Prime Minister “What do you have to say about
this?”
18. COMPARISON OF PRICE (MSP) PAID TO FARMERS
AGAINST PRICE PAID BY AAM AADMI
Item Price Paid to Retail Price %
Farmers Rs./kg Rs./kg difference
Rice 9.80 23.00 135
Tur Dal 23.00 90.00 290
Moong 27.60 70.00 150
Wheat 10.80 17.00 65
Jowar 8.60 13.00 50
Bajra 8.40 15.00 75
Mr. Prime Minister “ Why farmers get the least, aam
aadmi pays the most?”
20. Commodity Exchanges Den of
Speculation & Manipulation
• Essential, i.e. Agricultural Commodities are mainly traded at
National Commodity Exchanges (NCDEX)
• Out of Rs.8,03,842 crores turnover of 2009 at NCDEX, delivery
was 0.28%, i.e. Rs.2,243 crores
• Artificial turnover pushes up the prices of food items
Total Turnover Speculation Actual Delivery
Amount % Amount % Amount %
Rs. Crores Rs. Crores Rs. Crores
8,03,842 100 8,01,519 99.71 2,243 0.28
• Mr. Prime Minister, “Manipulative turnover/ demand is
pushing the prices. Whom are you benefiting?
Speculators? Manipulators? Multinationals?
21. NCDEX – COMMODITY EXCHANGE
Turnover / Speculation / Actual Delivery – 2009
Month Actual Delivery Speculation Total Turnover
Amount % Amount % Rs. In crores
Rs. In crores Rs. In crores
January 634 1.35 46161 98.64 46795
February 147 0.35 41593 99.64 41740
March 128 0.31 40931 99.68 41059
April 115 0.17 65007 99.70 65202
May 125 0.27 50907 99.75 51032
June 108 0.16 45882 99.76 45990
July 72 0.23 73010 99.90 73082
August 99 0.10 93113 99.89 93212
September 217 0.36 59211 99.63 59428
October 165 0.21 76110 99.78 76275
November 175 0.16 105697 99.83 105872
December 258 0.24 103897 99.75 104155
TOTAL 2243 0.28 801519 99.71 803842
22. Govt’s inflationary statements help speculators &
manipulations.
• Government ministers go on making speculative statements
about the food shortages / less production
• Agriculture Minister, Finance Minister just few weeks back
stated that sugar production for 2009‐10 shall be 141 lac
tons
• Sugar prices touched Rs.50 per kg
• Now Sugar Industries Association announced that sugar
production would be 178 lac tons for 2009‐10
• Sugar prices started falling below Rs.40 per kg.
• Mr. Prime Minister “What are the vested interests of
your Govt. in making suggestive forecasts about
shortages in food production? Is it to check prices or to
create panic?”