Sheetal earns 2000 rs per month. She is not able to save a lot. But Priya, her neighbour, convinces her to save 5 rs per…
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Category: Economy
What is currency exchange rate?
Naren wants to travel to Japan. He looks forward to staying there, eating local food, and of course, buying gifts for people at home. But…
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India’s GDP Growth numbers released
India released its provisional estimates of GDP growth numbers today. These numbers are: Q1 – 13.5% (Apr-Jun,2022) – Actual Q2 – 6.3% (July-Sep,2022) – Actual…
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What is the US debt ceiling issue?
Report by Shuchi Giridhar The US is currently going through a debt ceiling crisis. What does that mean, exactly? Let’s learn more. What is the…
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What are credit score and credit ratings?
When we borrow money from a bank, the bank needs to be sure that we will pay them back. To ensure that they don’t make…
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Gold and Forex reserves: India and other top economies
Inputs by Paridhi Agarwal On May 12th, 2023, RBI updated the forex and gold reserves of the country. This report is released by the Reserve…
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Part 4: What is happening with SVB?
This series has been written by Hima Sutha The FDIC and HSBC takeover and what it means Since FDIC now took control over SVB, SVB’s…
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What is Bankruptcy? What are secured and unsecured loans?
Very simply put bankruptcy is when you cannot pay back your debts in any way. It can happen to companies and individuals. When bankruptcy is…
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What happened with SVB?
This is Part 3 of our series on understanding the recent updates in the global banking industry. Part 1: https://kidsnews.top/and-that-is-how-the-cookie-crumbles-understanding-the-global-banking-events-starting-with-one-phone-call/ Part 2: https://kidsnews.top/part-2-the-global-banking-system/ What happened…
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And that is how the cookie crumbles: Understanding the global banking events, starting with one phone call
Short date-wise summary of events In the middle of the week (8th March or thereabouts), a rating agency called Moody’s called up Silicon Valley Bank…
Read More And that is how the cookie crumbles: Understanding the global banking events, starting with one phone call