The effects of recession and food crisis on animal husbandry

I wish to start my article by taking an excerpt from our previous article on food crisis[written by Harsh]

Further more much of the price rise is caused by an acute food shortage. Countries such as the U.S.A. have fat wallets to support ungainly rounded bellies and can hence afford to import most of their food directly from third world countries such as India and Africa. The food crisis has not in the very least deterred the American spirit of gluttony, with America continuing to munch solidly as one of the most obese nations in the world. The problem faced by America is that though they have all the products available on the shelf, these cost a lot more than before. India however faces the double whammy where neither are all products available and those that are available come at higher prices.

In this global food crisis, the demand for food items is growing day in and day out, especially in developing countries like India and China and it is justified - for we were denied our resources for centuries and finally, we have become financially powerful to be entitled to food resources.

With growing food prices, and skyrocketing agricultural prices, the only alternative to vegetarian food is meat, fish, eggs, and so on. This means that prices of the above will also rise rapidly due to large demand against the same supply. In the US, about 25% corn crops are currently used to produce ethanol and will rise to 30% next year, and this further reduces food items which can be eaten. 

This shifts the focus to cows, goats, cattle and dairy (milch) animals which will supplement the agricultural demand. Prices of cattle and livestock will shoot up too, consequently pushing milk prices to a high.

From the above, we may infer that Animal husbandry sector wil get some importance and may boom. For long it has always been on the shadows, but I predict that animal husbandry companies will now come to the forefront. Companies related to it, for instance, Amul and Mother Dairy, will reap all benefits. This will be true for Indian fisheries and for poultry farms.

To critize or qualify my statements, comment at the comments page

Boom in oil prices and agricultural produce prices spell trouble for capital/money markets

Only days after writing a piece on the oil crisis in the country, I'm back writing on it again. The high prices of oil have taken their first toll - oil companies are heavily withdrawing money from state-owned and national banks. Due to government's refusal to allow market forces to decide the prices yet, these cash-strapped companies can no longer afford to sell oil at present rates. Their withdrawals have created a temporary shortage of cash, to the extent that SBI had to borrow Rs. 13,000 crore from the RBI (Reserve Bank of India).

Even though the Government is facing pressure from all sides, and logically, defying the basic laws of economics, the Government refuses to budge and is seeing the budget go in a loss this year.

How do you think that Government supports such huge subsidies for agriculture, oil, fertilizer, other consumer needs?? They raise the much-need capital through bonds. With a higher subsidy this year, the bond supply is going to increase further, and consequently bond prices will go down (less demand, more supply). This in turn, is likely to push interest rates up and reduce liquidity in the market, which is indirectly, a good way to curb inflation too. But bad for the overall economy. Therefore, the major blame can be put on the government and government alone!

On the other hand, if petrol/diesel prices are increased throughout India, where would the common man, that is, you and me, go? Scooter and car sales would stop, we'd have very less to spend and most probably, inflation would move at double-digits. Lets keep our fingers crossed and explore ways to set all this right!

Think my argument was valid, or totally trash, shoot off a comment on the comments page.

Reliance bids for MTN:Whats in it for both companies and for the telecom sector

A popular reliance ad shows that after air,food and water comes connectivity;and what more could be more important than the device that ensures connectivity-the telephone.Telephones have become as much as anything else a necessity.As they say necessity is the mother of all inventions (and therefore creation) we find that in recent years telecom companies have grown,exploded and sprawled into outrageous sizes.

Mexican telecom entreprenuer Carlos Slim Helu Aglamaz recently eclipsed for a brief period of time both Bill Gates and Warren Buffet to become the world's richest man.Closer home we have fine examples such as Airtel and Vodafone(previously Hutch) demostrating why telecom has been 'The' emerging sector.

A case in point is the well publicised complete Third World Nations affair-namely the MTN(South Africa's largest telecom company) takeover.

Just four hours after MTN called off talks and broke off from from a proposed alliance with Bharti(regarding the structure of the combined entity),Reliance moved into the fray and achieved what Bharti,India's largest telecom provider couldn't:a 45 days exclusivity period during which the South African Telecom company,meaning MTN won't contact or accept,even negotiate bids with potential suitors(most likely Vodafone which owns 50% stake in Vodacom,again a South African telecom franchise)

What's in it for the both of them?

For RCom, MTN would offer its experience in running GSM networks. This is critical since RCom, which is a CDMA operator, will shortly launch a pan-Indian GSM network. MTN also has expertise in offering 3G services in South Africa, which RCom could leverage in India. MTN, on the other hand, could leverage Reliance's non-mobile business enterprise and its large submarine cable network across 60 countries.

The lethal combo

Over 115 million mobile customers across 23 countries. This is smaller than the Bharti Airtel-MTN combination (131 million customers), but wouldA combination of MTN and RCom would create a telecom behemoth with catapult RCom ahead of its key rival in the Indian market. Bharti Airtel has 17 million more customers than RCom (62 million and 45 million respectively). A combination of the MTN and RCom 2008 balance sheets would create a $14.4 billion (Rs 58,000 crore) company, making it the second most profitable mobile operator after China Mobile.

Chocolate companies feeling the pinch: Cocoa prices rising up, up and away

Have you noticed that the average Nestle or Cadbury chocolate bar has



become expensive? One can directly blame that on soaring cocoa prices.

Cocoa is sold in metric tons round the world. At the start of 2007, the price was $1,700 and now it is $2,600.

Cocoa contributes about 15% to 30% of the average chocolate bar ingredients. Premium chocolates, however, may contain upto 99% cocoa, therefore, the latter are the most susceptible to fluctuations in cocoa prices.

So why are the cocoa/chocolate prices rising anyway?? I summed up a few reasons

1. With cocoa prices being traded, both physically and in futures market, chocolate makers are not the only consumers of cocoa. Investor demand, as a result, increased the pressure on cocoa supply, thus driving up the prices.
2. The chocolate makers are pointing fingers on alleged 'speculative buying' on the part of hedge funds (who employ extremely aggressive and unhedged positions and strategies - see the article on hedge funds below). Another reason may be that due to uncertainties in the global stock markets, hedge funds have turned to agricultural commodities, for instance, cocoa and others.
3. It may appear that this conundrum on soaring cocoa prices isn't because of an imbalance between demand/supply. So there might be no apparent reason for the rising chocolate/cocoa prices.
4. Other commodites such as sugar, oil and milk may have risen thereby increasing chocolate prices and therefore, everyone is shifting blame on cocoa producers.

The International Cocoa Organization has taken to research the cocoa prices reason on a war footing. And then, why should we be behind. Think of your own reasons for high chocolate prices and shoot a comment on the comments page.

Mutual Funds vs Hedge Funds: An analysis of the advantages and disadvantages

Mutual Funds

Mutual Firms are essentially a professionally managed investment company that collects from many investors and firms to invest these in bonds, securities, asset classes, stocks, commodities or short-term money instruments.

These mutual funds serve a purpose of collecting a large amount of capital from an unlimited number of individual investors. As additional money flows in, the fund manager purchases financial instruments in careful ratios or proportions according to his/his company's strategy. The main job of the fund manager is to trade the securities of his fund, while realizing any gain or loss, and pass the same to the investors.

Hedge Funds

A hedge fund is an investment company that accepts investment, not from everyone, but only from a small number of wealthy individuals, families or big institutions. In US, a hedge fund is open to accredited investors, who are people with a salary above $200,000 annually or have at least $1 million in assets. This is done usually to undertake more complex and riskier investments than what a mutual or public fund may undertake.

Advantages of the Hedge Fund:

• Able to employ extremely aggressive investment strategies(such as using borrowed money to increase invested money or to buy more assets with someone else's money-called leverage buying)


• Can put 'all eggs in one basket' and use no diversification thus very complex and risky investments made which will give either huge losses or sky-high profits.


• The Fund Manager is motivated to outperform everyone and earn the highest return, for he has a share in the profits of the hedge fund. However, he does not have a share in the losses!


• Can short sell or take on risky, unhedged positions to earn large profits. If the market turns against them, losses mean closure of the fund.

Deregulation of petrol: Is it for India or not?

Recent news highlights the government's want to decontrol petrol prices, so that the market forces can decide the price of petrol in India rather than the Government. Deregulating means that prices in India will move according to the global oil prices. This may lead to a direct hike in petrol price by Rs 15 or more.

Global oil rates have touched an all-time record high of $135 a barrel which translates into a loss of Rs. 2,00,000 crore on the sale of petrol, LPG gas, diesel and so on because the Government is selling all of the above at subsidized rates. If they sell at the real rates (Rs. 15 app. more), then inflation will rise, income levels with drop, and there will be abject poverty. This being the election year,  UPA(Congress) Government has been caught in a Catch-22 situation where it has 2 alternatives --

1. Let the price of petrol stay as it is. Due to little or no hedged positions in oil,  Government and state-run oil firms are likely to get a beating, as mentioned before, to the tune of Rs. 2,00,000 crore.


2. Increase prices of petrol to avoid losses. This transfers all the heavy cost onto the consumers. Consequently inflation will rise, prices will skyrocket, and there will be a sorrow state. Being the election year, these voters are going to vent their frustration by voting against congress led UPA Government.

Wal-Mart effect in India: Big Bazaar and others saturating ‘Kirana’ stores’ markets

The retail sector is estimated to grow at 13% annually to $590 billion b 2011-12 in India. While the organized retail contributes 16% annually, the unorganized sector (neighbourhood shops, kirana, mom and pop stores, outlets) contribute hardly anything now - its a gloomy picture for their business nowadays. This wal-mart effect will hit the domestic small retailers for a huge six, and the kirana stores realize the early threats. No wonder they vandalised the hundreds of Reliance Fresh opened early this year.

I guess that the Wal-Mart effect is good for Indians. All Americans are aware that they save atleast $500 annually by shopping at Wal-Mart and availing of discounts and other things. If Indians start saving like that, we are gonna get rich pretty fast!!

Kirana stores and domestic markets are no good :

1. They offer no choice to the urban shopper
2. No bargains, no low prices --unethical selling habits
3. Ridiculously high prices on defective products --shopkeepers fleece you!!

On the other hand, wholesalers like Big Bazaar, Reliance Fresh, Subhiska and now Bharti-Airtel save us a lot of money by buying in bulk and buying directly from manufacturers, thus spending less on commissions to middle-men. In turn, the provide huge savings to us. The last time I shopped at Big Bazaar, I saved a cool Rs. 300 on discounts, free coupons, and free sugar packets!!

Its time you stop going to your friendly neighbourhood store , instead take your whole family to Subhiksha or Big Bazaar.

Feel free to comment on the comments page

"US is in recession" finally approved by Warren Buffet

Warren Buffet, the Oracle of Omaha has certified that US is now in recession(or perhaps we are already in recession). The world's richest man did not disclose how long it will take before things work out ---but is heard to have said that the US Recession is likely to be long and deep.

Headquarted in Omaha, Berkshire Hathaway is looking for possible acquisitions(in this time, thats the only thing that will sustain him ---don't forget he is too hit by credit meltdown). Though he already has big brands under him like Coca-Cola, Gillette, GEICO insurance, he is looking for possible companies to takeover.

With approximately $35 bn in cash, he had said last month that Berkshire may even have acquired the ailing Bear Sterns had it not been for lack of cash( he needed a dozen more billions to buy the debt-ridden company).

History,value and importance of Gold

The Incas have referred to gold as tears of the Sun. We almost intuitively place a higher value on gold, equating it with power, beauty and the cultural elite. Early civilizations reserved gold as objects of luxury deemed worthy of only Gods and rulers. Hence gold was sought in their name and dedicated to their glorification. However gold soon lost its divine appeal when extraction/mining became a science and metallurgy an art.

As in all other things, though the Greeks did a lot of mining (from the Pillars of Hercules, Gibraltar right up to Asia Minor and Egypt) it was the Romans who advanced the science and furthered the quest for gold. As gold became common it gained the reputation of being a commodity, a measurable unit and hence a monetary unit. In Troy land, Greece and Rome gold coins were being increasingly used as currency around the mid 2000 B.C. Even in India the ancient Cowrie shells (3000 B.C.) were eventually given up and replaced by gold coins.

A monetary standard made the world economy possible. The concept of money, (i.e., gold and silver in standard weight and fineness coins) allowed the World's economies to expand and prosper. During the Classic period of Greek and Roman rule in the western world, gold and silver both flowed to India for spices and to China for silk. At the height of the Empire (A.D. 98-160), Roman gold and silver coins reigned from Britain to North Africa and Egypt.
Money had been invented. Its name was gold.

We have seen how trade has popularized the use of gold. We will now see how gold has influenced directed and shaped trade. We will also see the place and importance held by gold in economics.

Gold standard:

The exact century when this marvelous system originated cannot be ascertained for in some countries such as China it came into existence (though in a very crude form) as early as the 9^th century. But what we are sure of is that it gained importance only around the 16^th -17^th century.

The gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money (bank deposits and notes) were freely converted into gold at the fixed price.

There was however a number of problems associated with the gold standard. One of the chief problems being that a country could not control its economy according to the current scenario as it was solidly bound by a commodity. It restricts the manipulation allowed in other systems and hence gives centralized banks fewer options of tailoring the economy in case of a crisis. Fluctuations in the amount of gold that is mined moreover could cause upsets in the economy.

The Second World War saw a number of nations damaged economically and financially. Though the gold standard assured stability it could not promote fast growth or recovery.

That is why the fixed exchanges system (a derivative of the gold standard) enacted in 1946, in Bretton woods; U.S.A was unanimously adopted and followed until 1971.The Bretton Woods pact also saw the creation of several relief aid and fund organizations such as the I.M.F. and the World Bank. These institutions are also known as Bretton Woods institutions.

Under this system all countries pegged their currencies directly to the dollar and the dollar in turn to gold. Thus all currencies could then be traded with the dollar which in turn could be exchanged for gold. Needless to say this gave the U.S. unquestionable financial power and muscle.

Almost all countries since then have switched to the fiat ratio, a paradox of sorts of the gold standard. This is the current system followed in most countries (including India) where trade (exports-imports) determines the prosperity and currency rate of a country.

Fiat ratio is intrinsically useless and is only a medium of exchange.

The term “fiat” money has been used to distinguish such money from representative money, which is pegged or fixed to a quantity or mass of precious metal. While representative money is often associated with a legal requirement that the bank of issue pay in fixed weights of a given precious metal or (in theory) fixed amount of any other precious good, fiat money's value is fixed only to its value in transactions controlled by government authority, such as taxation.

Fiat money now allows governments more control over the economy, though it is subject to irregularities and inflations which was never the case with the gold standard. The period from 1880 to 1914 is known as the classical gold standard. During that time the majority of countries adhered (in varying degrees) to gold. It was also a period of unprecedented economic growth with relatively free trade in goods, labor, and capital. During this period the United States for instance only witnessed an inflation rate of 0.1% per annum.

Though gold is not as prominent as it once was, countries still maintain a reserve of bullion for emergencies. Though gold prices have been falling in the past few weeks I think they will make a speedy recovery for the demand of 3,300 tons far outstrips current mining capacity of 2,400 tons and the deficit I believe will push the prices up.

What is the subprime mortgage crisis??

Subprime crisis has been in for some 2 years but the latest survey reveals we hardly know anything about its causes or its long-term implications. Therefore, I took it on myself to unravel the hidden truths of the credit crisis and expose the faults in our financial structure alongwith the 'villains' who set it all up.

It all began when housing companies in the US began wooing prospective home buyers to buy land at cheap rate with a very small down payment and then enjoy a secure future. These homeowners, seeing the artificially rising housing prices, thought they should enter the scene too, and hey presto! a lot of us ended up buying homes with little or no capital to fund it. These people were given loans by mortgage lenders - companies that usually given loans to people to buy a variety of assets - land, cars, property and so on.

Further on, some of the 'greatest financial engineering minds' in the world created a system called sensitizations, which meant securitising the loans given to homeowners to make bonds to sell to investors(at obviously a lower rate of interest). Explained in the following paragraph.

Say $100 is given as loan to Mr. A at 12% interest. Then the loan company cannot further use $100 as it as already given it to Mr. A. So, it announces that it selling a bond of $100 at the rate of 10% interest(thereby making $2 on every home sold). This way the loan company gets another $100 to give to Mr. B(yet another homeowner) and his profits go on increasing. But this seemed a very risky proposition from the starting -- so they employed companies which were known as guaranteers in case the money was not received back from Mr.A(the homeowner) and Mr. B . These companies were Bear Sterns, Citigroup, Merrill Lynch, and many more [about a 100 odd] including Indian ones like ICICI Bank.

The moment these homeowners defaulted on their payments to the loan company, the loan company was liable to pay investors on the bonds they had sold. But since they had guaranteed their loans to companies like Bear Sterns, Citigroup, Merrill Lynch ---all the latter companies suffered heavily and took a huge beating on their balance sheets by dolling out billions of dollars in bad debts written off. This, in turn, led the prices of all housing properties in USA and the world over to fall --leading to a great credit crisis and consequently housing bubble that saw inflation rise to a great extent.

Most economists and analysts say that the worst is still to come. There is an estimated $1 trillion in mortgage backed securities in USA and around the world and the numbers keep growing bigger and bigger.

The impact this subprime credit crisis has had is alarming:

• Around 100 mortgage companies have shut down


• Wall Street stalwarts like Bear Sterns, Citigroup, Merrill Lynch have posted record losses


• Homeowners in all parts of US have been affected tremendously


• The Government Treasury and Federal Reserve have been hit very hard by the mounting losses


• Just received news via reuters that home sales are slipping all throughout this year with the stock of unsold houses just piling up.

Please be free to express yourself by commenting in the comments page.

Bush comment on food crisis sets off firestorm of criticism,brings anger and ridicule - and all for the right reasons.

(In India) middle class is larger than our entire population. When you start getting more wealth you start demanding better nutrition and better food, and so demand is high and that causes price to go up.”- President George W.Bush

Indians have reacted with an outburst of outrage at what they saw as a suggestion that they were responsible for inflation. Politicians lashed back and newspapers were severe in their excoriation of Bush. Read further to have an analysis of why India is justified in reacting critically.

What I gather from this remark is that the Americans (literally speaking) mean to say that the price one pays for development and progress is hefty. Damning the middle class in such fashion is damning the very concept of enjoying higher standards of living and comfort……key indicators of progress.

Since the U.S.A eats five times more per capita income than India, some see it as brusque unfairness where one country clearly gets to have the bigger slice of the pie and even then gets away with(has the audacity) to blame the underprivileged country for increased consumption.

Further more much of the price rise is caused by an acute food shortage. Countries such as the U.S.A. have fat wallets to support ungainly rounded bellies and can hence afford to import most of their food directly from third world countries such as India and Africa. The food crisis has not in the very least deterred the American spirit of gluttony, with America continuing to munch solidly as one of the most obese nations in the world. The problem faced by America is that though they have all the products available on the shelf, these cost a lot more than before. India however faces the double whammy where neither are all products available and those that are available come at higher prices.

As pointed out by a congress spokesman India is not a net food importer but rather an exporter. This shrinks the local market and drastically decreases supply.

Contrary to hints and suggestions from Bush and Rice I would like to promote a more sensible approach-to improve the existing systems in place rather than decreasing or discouraging the demand from India’s middle class customers. A country where over 60% of the total population is engaged in agriculture, needless to say there is tremendous scope for self-sufficiency in food grains and vegetables.

You will be shocked to know that only a woeful 2% of all food grains stored in granaries finally goes on to be processed. Around Rs.350 billion worth of vegetables goes waste every year. If all the stored food grain could be processed and diverted to the local markets, then that alone will be sufficient to deal with the shortage at hand. Perhaps there will be enough leftover even for export. The wastage could in turn be reduced and the PDS improved. Produce could be procured directly from farmers at fair prices. This would improve the farmer’s revenue and encourage him to produce more for the market. More produce and elimination of the middlemen will definitely bring about a sharp dip in the prices. Self sufficiency and high exports means that other countries will increasingly depend on India, and not the other way round.

It is not consumption that is responsible for the steady incline witnessed in food prices. For instance the rise in energy and natural resource prices naturally contributes to the cost of the inputs adversely. This additional expense can only configure in the final price or else the farmer would be pushed into debt and ultimately bankruptcy.

(Hmmm, energy….that remind me of the fuel controversy).

White House spokesman Scott Stanzel could not resist taking his shot on how India and China are responsible and this time for rise in oil prices.

That certainly is blatant hypocrisy, for as of 2006 the United States was and continues to be the largest producer of Ethanol (an eco fuel) in the world by churning out 4.9 billion gallons. But this colossal figure represents only a measly 2% of America’s 21 million barrels per day (unquenchable) petrochemical thirst. (Talk about energy needs. Phew! Or rather look who’s talking.)

The ethanol issue brings to mind another hotly contested topic-whether it is really beneficial to convert such large tracts of land (chiefly agricultural) to gurgle ethanol or not. In Iowa 25% of the land was transformed to corn fields (the main component of ethanol) and now manages 1million gallons. Agriculturists in India too are fast converting their lands to corn fields, to capitalize on the sudden demand for corn. This of course deprives all markets of supply that would otherwise have more beneficially been consumed directly.

The point being stated here, Mr. Bush is that we don’t need telling from a country that lavishes over $43billion on pet foods each year. We thankfully have our priorities right, thank you very much. We are as much and perhaps even more concerned than you are about rise in food prices for the average Indian will pay far more dearly than the average American. We suggest you look into the problems and faults of your own country first before setting off to play so very often the blame game. And yes, we are tired and sick of India and China being the regular suspects and targets, responsible for anything and everything that seems to go wrong.

Feel i've been to hard on Bush?Feel free to comment and give me slack.

The connection between physics and finance - straight from Emanuel Derman

Recently I started reading this book named 'My life as a quant' by Emanuel Derman who describes his life in a very intense and heroic way .

He relates his experiences of school , and how , by a sheer luck of chance - he gets to study in America . He defines how physicists like himself have an added advantage on the Wall Street, where people like Derman compile their knowledge of mathematical algorithms, financial data and prowess , and strong computer skills (essentially C++) . Quants , as they are known, are very different from day traders or investment bankers - which is why they are never in public limelight but get a lot of money for their work.

He joined Goldman Sachs way back in 1985 and has learned that some projects have to be shelved to complete more important work, and then others have to be sacrificed to do the previous unfinished projects. This work can be compared to counting ripples in the lake -- there is no end to the work you have to do in this profession.

I have been moved by this profession very much - which is called in modern terms as financial engineering [ ya you got it right - the mix of finance and engineering--two relatively different term].

I've still not finished my reading(i'm a bit slow...) but recommend the book for anyone who is knowledge hungry and wants to know more about quantitative finance and quants.

Yahoo Inc. - a game of musical chairs??

Yahoo.com - the 2nd largest search engine is up for grabs. Or it looks so. With some media barons and companies interested it does seem so . After seeing Yahoo! Inc. in the news for over a month, all of us must be wondering what the present status is?

I am reminded of a game[musical chairs] i played in my childhood - where all my friends ran around a few chairs and the lucky ones got the chairs just as the music stopped. The Yahoo case seems analogous and same.

Yahoo! has been largely unsuccessful with everything that they have done in the past year.

1. Their Yahoo! Videos are not at all visited losing popularity.

2. They have no stronghold against the likes of orkut, facebook, myspace, hi5 etc.,

3. Their share in the Search Engine Market has diminished - Google is lording over all.

4. Their advertisment initiatives , trying to mimic Google Adsense , have failed horrendously.

5. Their acquisitions have been completely useless. Yahoo! Geocities has failed to live up to its reputation. Geocities had been bought years ago, for some $4 billion odd (i don't remember the figures) and is not even worth $40 million now.

6. And lastly, comparing profits of Google, Microsoft and Yahoo , we see Microsoft is clearly ahead with $ 14 bn , with Google at $4.2 bn, and Yahoo languishing at a paltry $ 0.7 bn.

Still , still, they have the audacity to ask for a $47 bn buyout from Microsoft. Longtime CEO of Microsoft, Steve Ballmer completely walked out of the deal and never returned to negotiate. However, billionaire investor Carl Icahn is waging a proxy battle to unseat the whole board of directors of Yahoo! Inc. Now when Microsoft have expressed their displeasure at buying yahoo! why the hell do so many people like Carl Icahn have to come onto the scene. The closest assumption to that is that Carl with the backing of Paulson[another billionaire bigshot] are pumping a few billions so that they can sell their stake to Microsoft directly. This may even be a planned move by Microsoft - so all of you, better watch out!

Coming back to the game of musical chairs, I'm wondering when the music will stop and the lucky ones will get their chairs. Till then, goodbye!!

[post-comment]

Well....I thought we'll start with a post, after all!!

A Grand Welcome to all reader!!

We are a bunch of amateur economists who believe we can make business and finance much easier for the common man. True Indians at heart, we'll tell you how global financial news affects the average Indian and the consequences of the Agriculture Budget, to name a few.

We shall look to explore new economic theories and business jargon in our endavour and explain the same in the blog.

So accompany us on our journey [ i hope it'll be really long ] and bookmark this blog - myfinancepage , which is just another weblog.... but we'll show whats the difference - with our articles, up to date financial gossip, company takeover stories and lots more.

Feel free to comment whenever you like. If you comment, we'll feel half our job is done in trying to satisfy your financial appetite.

Chirag Jain

Administrator