National Bureau of Statistics reported a 22.95% food inflation rate (18.17% ‘general’ inflation) in March 2021. This is so because the real value of money (i.e., what it can buy) decreases with time. Suppose the inflation rate is rising year on year and likely to continue on that trajectory. Buy Stocks: While businesses requiring high cash turnover may borrow, businesses should not hold cash that is not actively engaged. Cryptocurrency appears to be the new gold; has your business thought of investing in or spinning off a crypto wallet business?

Source: The Guardian June 04, 2021 14:03 UTC