The best way to understand Run on the Bank is through the example of Signature Bank this week. A run on the bank is a…
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Category: Economy
What is a Rating Agency?
Ashok, Priya, and Pavan are friends. One day, Ashok asks Priya for a loan. Priya gives him the money. However, Ashok is not able to…
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What is fiscal deficit?
Suppose you have 100 rupees, and you decide to spend 5 rupees everyday on a small candy bar. How much money will you need in…
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What is happening in the UK right now, and why Liz Truss had to resign
Report by Hima Sutha First, let’s start with what’s happening in the United Kingdom. In September 2022, Liz Truss was elected as the Prime Minister…
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What is taxation, direct and indirect taxation?
What is taxation? Tax is what we pay to the government. The government uses this money to do its job. The job of the government…
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Minimum Support Price for Rabi 2022-23 announced
The Cabinet Committee on Economic Affairs has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for Marketing Season 2023-24.…
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India’s forex reserves back above 6 billion USD, and update on Pakistan and Sri Lanka
In April, Sri Lanka had just started its economic crisis. India’s forex reserves, which had been steadily growing, also fell below the 6 billion USD…
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Golden Harvest, not just in name: The story of India’s Wheat Production and Export Ban in 2022
The Punjabi word for wheat is kanak. The word root from which this word is derived also means gold. If you have ever seen a…
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Its getting dearer, and not in a good way
As the Russia – Ukraine war continues, supply chains (the system to take things from one place to another) all over the world suffer. This,…
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What is Inflation, Consumer Price Index?
What is inflation? Ghee used to cost 4 rs per kilo once upon a time. Today, it costs anywhere from 550-900 rs a kilo. We…
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