It is a colossal waste of money!
Food wastage can cost a family Rs 80 lakh
ET Bureau|
Jul 11, 2016, 03.16 PM IST
The world wastes 1.3 billion tonnes of food a year. Indians waste as much food as the whole of UK consumes. While the wastage can't completely eliminated, it can be reduced. Here's how much you will gain if you reduce the waste by half.
If the monthly savings on food are invested in an option that earns a modest 10 per cent compounded returns, a family will be able to accumulate Rs 20.5 lakh in 30 years. However, this is not a static number because food prices keep rising with time. ..
Up, Up and away
The rise in food prices means expenses—and savings—will go up every year. Though wholesale food inflation is lower at 7-8 per cent, prices of the items in the consumption basket of the average urban family are rising faster at 10-12 per cent.
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
Food wastage can cost a family Rs 80 lakh
ET Bureau|
Jul 11, 2016, 03.16 PM IST
The world wastes 1.3 billion tonnes of food a year. Indians waste as much food as the whole of UK consumes. While the wastage can't completely eliminated, it can be reduced. Here's how much you will gain if you reduce the waste by half.
If the monthly savings on food are invested in an option that earns a modest 10 per cent compounded returns, a family will be able to accumulate Rs 20.5 lakh in 30 years. However, this is not a static number because food prices keep rising with time. ..
Up, Up and away
The rise in food prices means expenses—and savings—will go up every year. Though wholesale food inflation is lower at 7-8 per cent, prices of the items in the consumption basket of the average urban family are rising faster at 10-12 per cent.
Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst
Last edited:
