Cheap Food Disappears BPL

Sonia Gandhi’s National Advisory Council (NAC) wants to bring in a Food Security Act which will entitle 75% of the population to subsidised grain. Here’s the bad news: most of it will be money down the drain.

Reason: Very little of the grain earmarked for the poor actually reaches them. And we can’t blame it on the rats. Grain meant for the poor is being sold to the not-so-poor or black marketed elsewhere.
Read the full story of:  Choo mantar: cheap food disappears below poverty line

Good-Baba, Bad-Baba

While UPA ministers are bending over backwards in their efforts to persuade Baba Ramdev to drop his fast-unto-death against corruption, the Congress party is posturing as if it couldn’t care less about the spiritual guru’s threat.

In fact, statements coming from some Congress leaders suggest that the leadership does not approve of the manner in which the government rolled out the red carpet and all but publicly capitulated before the Baba by sending a high-powered delegation of senior ministers and top bureaucrats to the airport to receive him

National Housing Bank is all set

The National Housing Bank is all set to introduce provisioning requirement for standard asset individual home loans. The move comes in as NHB feels that going forward there could be defaults in the housing loans space.

Following the news, the housing stocks took a hit.

Company Name	Last Price	Prev. Close	Change	% Change
Can Fin Homes	113.95	115.6	-1.65	-1.43
Dewan Housing	235.5	243.95	-8.45	-3.46
HDFC	681	688.2	-7.2	-1.05
LIC Housing Fin	230.85	234.05	-3.2	-1.37

Analysts believe that this may not have an immediate impact on housing loan companies because they have been prudently making higher provisioning or extra provisioning on their entire loan book.

Fall in global markets and profit booking after gain in previous two sessions weighed on the Indian equity benchmarks. Major Asian markets like Shanghai, Hang Seng and Nikkei were down 1.5-2%. Straits Times, Kospi and Taiwan fell 0.5-1%. US equity markets had fallen more than 2% yesterday after disappointing manufacturing data and Moody's downgraded Greece ratings by three notches.


HUL was the leading stock on Nifty, with rising over 3%. ITC, NTPC, SAIL, Sun Pharma, Bajaj Auto and Cipla were other leading counters, with gaining 1-2%. Heavyweights SBI, ONGC, Reliance Industries and Bharti Airtel were marginally in the green.

महंगे तेल,ब्याज से बिक्री पर दबाव

मारुति सुजुकी के चीफ जनरल मैनेजर के मुताबिक तेल की कीमतें चढ़ने और ब्याज दरों में बढ़त के असर से बिक्री में अनुमान से कम बढ़त हुई है।

छोटी कारें लेने वाले ज्यादातर ग्राहक कार लोन लेकर ही कारें खरीदते हैं। ब्याज दरें बढ़ने के असर से कंपनी की छोटी कारों (ए2 सेगमेंट) की बिक्री घटी है। मारुति सुजुकी की कुल बिक्री का 65 फीसदी ए2 सेगमेंट से आता है।

ए3 सेगमेंट की आय बढ़ रही है। मारुति की डीजल कारें मारुति डिजायर और एसएक्स4 इसी श्रेणी की कारें हैं। शशांक श्रीवास्तव के मुताबिक अगर सरकार डीजल को नियंत्रण मुक्त करती है और जिससे डीजल की कीमतें बढ़ेंगी तो कंपनी को भी नुकसान हो सकता है।