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In an effort to provide relief to consumers from high prices, the government has launched sale of wheat flour at subsidised rate under the brand name ‘Bharat Atta’ across the country. The flour will be sold at subsidised rate of Rs 27.50 per kg through cooperatives NAFED, NCCF and Kendriya Bhandar via 800 mobile vans and 2,000-odd outlets spread across the country. The subsidised rate is lower than the prevailing market rate of Rs 36-70 per kg, depending on the quality and location.
About 2.5 lakh tonnes of wheat will be allocated from the Food Corporation of India (FCI) at Rs 21.50 per kg to NAFED, NCCF and Kendriya Bhandar. They will convert it into wheat flour and sell at Rs 27.50 per kg under the brand ‘Bharat Atta’. Out of total 2.5 lakh tonnes of wheat, about one lakh tonnes each will be offered to NAFED and NCCF, while 50,000 tonnes to Kendriya Bhandar. This will help boost availability and check prices of wheat flour.
The government’s intervention of selling few essential commodities chana dal, tomato and onion at a subsidised rate is yielding good results in controlling the price rise. The mobile vans and outlets of these three agencies will sell three commodities -- wheat flour at Rs 27.50 per kg, chana dal at Rs 60 per kg and onion at Rs 25 per kg. Earlier, in February, the government had carried out a pilot sale of 18,000 tonnes of ‘Bharat Atta’ at Rs 29.50 per kg through these cooperatives in few outlets as part of the Price Stabalisation Fund scheme.
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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