Investment in Art...............

Earlier art is made for creativity, now art become investment instrument.

Now a days every discussion starts about investing in art??? Why so….

Many people are planning to invest in art because rapid growth seen in art market over the past few year. Many countries, the art market grown 3-4 percent, studies shown Indian art industry grown 30-40 per cent. Earlier people felt that investment in art will not give good investment, have started investing in art now because of its appreciation.

International auction houses such as Christies and Sothebys have recently began to auction contemporary art at higher price.

Increasing transparency and professionalism of art market has made many art funds and serious investors wants to invest in art. But the people should know the value and its potential growth of art work.

Link Christies, Sothebys

Consumer buying:

Climate change may influence consumers' buying pattern ???

Press Trust of India Writes

Growing concerns over environmental issues is already changing consumers' buying pattern in many developed countries and it should not be too far before the Indian buyers also start following this trend. "It would be the next logical step in the cycle of change," Kushal Yadav with Centre for Science and Environment said.

Indians are switching over to energy-efficient CFL lights from the traditional bulbs, he said, adding although it is more out of economic consideration than of environmental concerns.
According to a study by Germany's market research firm GFK released last week, consumers in that country would prefer to invest in more environment-friendly technology at their homes because of their concern over climate change.

"In future, consumers will stimulate domestic demand with their intentions to change their own shopping habits and investing in environmental-friendly technology for the home," the GFK research said.

Yadav said: "Change is not stand alone, it is regulation which drives the changes." He said regulation would bring in faster changes towards environment-friendly products. There are, however, some food product manufacturers who would prefer to pack their goods in environment-friendly material even though they are not bound by any regulation.

Vijay Gupta, owner of President brand of spices, said: "I would prefer to pack the products in card board than using plastic material." Four out of five consumers in Germany intended to stop keeping their electrical appliances on standby and replacing traditional light bulbs with the energy-saving variety.

The GFK research study also found 58.5 per cent people who showed willingness to buy new domestic appliances which use less power to cut down energy consumption and reduce carbon dioxide emissions. Interestingly, concerns for climate change may reduce meat consumption as 28 per cent women and 15 per cent men in the survey showed their preparedness to change their eating habits.

Meat consumption is linked with animal husbandry, which is also considered a major reason for methane gas emission that contributes to global warming.

"At least one in five consumers are currently prepared to cut down on meat consumption," the study said.
The GFK study said 50 per cent of the people surveyed expressed scientific portrayals of climate change were realistic while 35 per cent believed the problem is even more serious.
However, only 13 per cent of the German people said the debate was highly exaggerated.
The Intergovernmental Panel on Climate Change (IPCC) agreed that climate change was already under way and damaging the nature.
The IPCC, represented by more than 100 countries of the world, last Friday blamed global warming on greenhouse gas emissions while predicting desertification, droughts and rising sea levels in tropics, from sub-Saharan Africa to the Pacific islands.

Link PTI News , The Hindu

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Global Virus: Surge in inflation causes worry

Press Trust of India News (PTI) writes

India is not only the country where rising prices of essential commodities is giving consumers and policy makers sleepless nights. The surge in inflation is a major cause of concern even for giants like the US and China and rich nation like Britain and Singapore. Inflation based on wholesale prices in India has been hovering around 6-6.5% for past few weeks, well above the reserve Bank’s target of 5-5.5% for this fiscal. This is despite various efforts by the government and the central bank to rein it back within the limit. Even measures like repeated hike in interest rates and ban on future trading of certain commodities like wheat and rice have failed to yield the desired results in India.

In the UK, The measure of annual consumer price inflation rose to 2.8% in February from 2.7 a month ago, well above the government’s target of 2% as per UK’s office for national statistics. The largest upward impact on CPI annual rate came from transport cost due to increase in air fares in February, particularly for traveling to European destinations. Back home in Asia the inflation rate is inching closer to the tolerance level of 3%, in China where it rose from 2.2% in January to 2.8% last month. Similar to India, soaring inflation in the world’s fastest growing economy has put pressure on the Chinese central bank to raise interest rates. Food price a major component of Chinese CPI basket, were up 6% for the month. February data bring inflation for first two months of year to 2.4%, below the government target of a sub 3% rise in CPI index. The world’s largest economy, the US is also experiencing a spurt in CPI index, the benchmark inflation measure.

According to federal open market committee (FOMC), recent reading on core inflation have been somewhat elevated. Although inflation pressure seem likely to moderate over the time, the high level of resource utilization has potential to sustain those pressure. In this situation, the committee’s main policy concerns remain that inflation will fail to moderate as expected. Future policy adjustments will depend on the evolution of the outlook for both inflation and economic growth.

However in Japan, the world’s second largest economy, the central bank is faced with a different situation, deflation. Core inflation which excludes food items, fell to zero in January while the Bank of Japan is tightening interest rate despite any increase in prices

Link Press trust of India