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The Cabinet Committee on Economic Affairs (CCEA) approves the sale of 6.5 million tonnes of wheat to bulk consumers like flour millers and biscuit makers in a bid to ensure rising prices of wheat products and to offload excess stock.
CCEA has also approved allocation of additional 5 lakh tonnes each of wheat and rice to NAFED, NCCF and Kendriya Bhandar for sale to retail consumers. It will be done through state/UT governments and national cooperatives like NAFED, NCCF and Kendriya Bhandar under Open Market Sale Scheme - Domestic (OMSS (D)).
The sale of wheat and rice under OMSS (D) will increase the availability of these commodities in the market and will have moderating influence on prices of wheat and rice in the open market. The retail prices of wheat flour in domestic wholesale market are hovering at Rs 21 per kg, while the minimum support price (MSP) of wheat is Rs 12.85 per kg. The government has released about 3 million tonnes of wheat to bulk consumers since June 2012.
India produced a surplus wheat crop of 93.90 million tonne in the 2011-12 crop year (July-June) with government procurement thumping a record 38.1 million tonne. The stocks of wheat in the central pool stood at 40.58 million tonnes at the end of Oct 2012.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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