biofuels are good or bad?

these days everyone seems to talk about the biofuels (in support of these or opposition). I will say i will support the production of the biofuels with a condition that all the subsidies given to the agriculture for food are not given to the production of the biofuels. In my view if biofuels are cheaper after the subsidy than it is better to buy oil and why waste the public money on generating biofuels. If biofuels are cheaper in absolute terms without any subsidy than we need to talk about the carbon emission as well. are the biofuels generate less carbon emission in total. I am emphasizing on total carbon emission because lots of fertilizers are used in production of crops and there is carbon as well.
just because it is fancy, we should not support it. if it has merit and logical superiority over the oil then of course we should support it. even if we produce lots of biofules and food prices go up even then the inflation will go up and lots of people will die of hunger in poor and developing countries. main purpose of the biofules is not to keep the oil prices low, but to keep the inflation in control. if that can not be done then there is no point of having oil price at $40 per barrel by using all the crops for biofuels.

Airtel (Bharti) MTN merger talk failed

For last few weeks, there was quite enthusiasm (a sort of pride) in some of the colleagues that Airtel (an Indian company) is going to announce largest bid in the telecom. Now Airtel has officially announced that the talk have failed to result anything.
From beginning, I was doubtful that Airtel, if it were successful, can management such a large company with too much diversified market. One of the biggest problem when we talk about Africa (or a company in Africa), we think it as one country. In reality, there are so many countries and every country has very diverse culture and needs. comparing Indian market with market in Africa might not be correct way to evaluate possible success for the merger. There is also issue of ownership. I am not sure if the people of africa will be too happy to have and Indian company owning telecom so openly. there are many indian companies operating in many part of Africa but generally they are low profile except TATA that is almost everywhere on the streets and many people dont even know it is an Indian company.
Now talks are terminated, I believe this is good news otherwise Indian shareholders might have suffer a big loss.

i am back

I have been off from writing my blog for quite some time because of many reasons. one of the biggest reason for not writing blog was I was just too lazy. I am back for good and I will start writing again.

Have a nice weekend.