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Grocery stores discard the products due to spoilage or minor cosmetic blemishes. Hotels and Restaurants throw away what they don’t use and the consumers throw out everything from bananas that have turned brown to last week’s chinese leftovers. The food waste studies in 1997 found that 96.4 billion pounds of the total 356 billion pounds of edible food in United States was never eaten. 2/3rds of the food waste are fresh milk, grain products and sweetners. Americans are producing around 30 million tons of food waste each year which accounts to 12% of the total waste stream. It is now that the numbers seem all staggering, given the cost of the food is going up and there is a food crisis around the world.

After George Bush had said recently that India’s middle class was helping in pushing up the food prices by demanding better food and more food, the officials in India said that not only do the Americans eat too much but also throw out too much food. If Americans slimmed down to the weight of middle class Indians, many people in the sub-Saharan Africa would find food on their plates. Also note the fact that the food that ends up in the landfills produces Methane, a major source of greenhouse gases.

Even if we recover the 5% of the food that is wasted overall, it could feed 4 million people a day.

Goerge Bush says “India has around 350 million people which is more than America’s entire population. When you start getting wealth, you start demanding, better nutrition, better food. And so demand is high and that causes prices to go up. Chinese & Indians are responsible for this global food crisis as they are eating more and causing worldwide shortages.

Now let us have a look at some interesting facts : -

US DIET IS 5 TIMES RICHER THAN INDIA’S

They say, we eat more? How much is MORE Actually? Can anyone of you answer this? No. I’ll tell you.

Due to a larger population, we consume more food grains, dairy products, vegetable oils and meat of all kinds. But the real elephant in the room that nobody is willing to talk about is how much does each person get to eat. This is going to shock all of you.

Each Indian gets to eat about 178 kg of grains in one year while a US citizen consumes more than 1046 kg. Infact, in per capita terms, US grain consumption is twice that of the European Union and three times that of china. Grain consumption includes flour, by conversion, alcohol.

These figures are for 2007, collated by the US department of Agriculture. And per capita consumption is increased from 946kg to 1046 kg from 2003-2007. But India’s has remained static over years.

US Leads the world in meat consumption!

Americans consume around 78kg of meat per year for each person whereas Indians consume 36 kg per person and 11kg in China. Vegetable oils aswell, US consumes 41kg whereas India does only with 11kg.

Perhaps it is time to include the lifestyle choices of the west in the whole feverish debate on how to tackle the global food crisis…….

Did You Know?

India is a net exporter of agriculture products, we feed ourselves mostly and don’t export much. US has been transferring their land of agriculture into bio fuels and to cover up their own fault, putting the blame on India and China.

There has been a decline in food production in North America. Every continent is fine but only North America. However there is an ever increasing demand of food crops over there. How Ironic?

Now I want to ask a question to all of you - Should We(Indians & Chinese) Stop Eating?

This was the main reason that I was not able to keep my blog updated. But now that it is fixed I will try to keep the blog updated. Hopefully no more problems will come between me and my blog. Sorry for keeping you all waited for so long again.

The usual holidays there run between May and August.I can guarantee you that most of them will go on vacation for 15-30 days and spend the rest of the holiday near the computer browsing blogs and posting on forums. I am sure about that because we were like discussing in teen hut forums and majority of them said that. However I have heard that the adsense earnings goes down during the summers due to many advertisers going on vacation but cannot be sure because last summers, I faced no downtime of earnings however when everyone claimed their adsense to go up, mine went down. Lets hope that activity and earnings both go up. Keep your fingers crossed!

- Mayank

Even if you realise one day that how much you have spent that very day, it won’t catch your attention much because one day expenses aren’t big enough. But it is actually when you do it daily. At the end of month the extra daily expenses are multiplied with 30. Suppose you spent around 50 bucks a day extra which isn’t really required, it accounts for 1500 bucks in a month which looks bigger owing to the fact that this is a surplus expense. Often when I tried to talk about this, my friends would say that I am very picky when it comes to spending money. But then atleast I don’t say things like “Oh damn, I don’t know how all my money vanished, My account balance is zero, now I will have to eat less or talk less in phone and cut my expenses till my dad sends the money”. Most of my friends do that. One of my good friends sometimes take some money from me which he returns later though because he spent all of his and cannot ask his dad for money until the end of month. He doesn’t know where he spent all his money and says “Life has become costly these days”. Majority of my friends’ bank balance goes empty in eating outside, partying and by paying cell phone bills. I am happy that money isn’t a big problem for me because my income is much much higher than my expenses. Even then I try and spend far less than I should actually. I will discuss the “Saving Money” part in my next article.

I am sure that this happens with you also. Didn’t realise that you actually spent so much this month? Well, the best option for you then is to keep track of your every expense, or daily expenses atleast if you cannot recall where you spent this much. I have started keeping record of my expenses since the first of this month. This is going to help me realise where exactly I am spending and how much. The key factor here is the comparison of expenses every week/month. By keeping track of my expenses, I will definitely be able to cut down my expenses. It is when you know where you waste cash, you will improve and waste less there next time. Eventually you will start spending less. Even if your expenses don’t go down much, you will be satisfied atleast. Many times we feel unhappy and stupid when we don’t know where we spent so much money. Atleast this factor will not disturb us anymore. So make a notebook/diary right now and start writing down your expenses. Let us make a revolution from today itself. Let us see if we can cut down our expenses and save more money.

Let us suppose that you are doing two similar investments in the same company/mutual funds for a five year term. It gave a consistent return of 20% annually. At one place, you invested 10 lakhs directly. After 5 years of 20% return, you are now rich by 10,73,600. Which is more than double of what you invested. So you now get back 20.736 lakhs. At the other place, you decided to invest 2 lakhs per year. After 5 years of 20% returns, you are now rich by 7,85,984 rupees. You get back 17,85,984 rupees. Calculations show that, the one time investment could earn you 2.88 lakhs more than systematic investment plan which is a big amount.

Let us take another example but this time the amount is less than before. Same as before, you invest in both, one time and SIP for 5 year term. The company again gave you a consistent return of 20% each year. Lets suppose that you invested 6 lakh rupees one time. By the end of 5 years, you will have almost 15 lakh rupees left which means a profit of almost 9 lakh rupees in 5 years. In other hand you invest 1.2 lakh yearly. By the end of 5 years, you will have just a little more than 10.5 lakh which means a profit of almost 4.5 lakh rupees. One time investment can get you double returns.

You must be wondering that how one gets more returns in one time investment than SIP?

Well it is pretty simple actually. In one time investment, you are investing a big amount initially. So at the end of first year, you get a return on that big sum of money. The return gets added to your sum and next year you get a return on the invested sum+return of first year. Like this it goes on adding up. Whereas in SIP, you invest a little sum every year. So the return you get here is on a lower sum of money each year. Like in case of second example stated above, your return of 20% is on 1.2 lakh (24k only) but in the 6 lakh the return was 1.2lakh. Now the second year return will be on 2.64 lakh here whereas there the return will be on 7.2 lakhs. So you see the difference? This is why one time investment is much preferable.

Paras Adenwala, chief investment officer, ING Vysya Mutual Fund, said, ‘‘The lumpsum option can give better return than SIP. But if one considers comparatively longer periods, which consists 2-3 cycles of ups and downs in the market, SIP gives more consistent returns.”

Check here - Yahoo Backlinks

However it is not a big thing yet. If I manage to get a few thousands in google, then it will be awesome. Yahoo has a habit of counting just any link from any website. It is google that only counts quality backlinks from quality websites. I am eagerly waiting for the next PR and backlink update.