Ramadevi has a small crafts factory. She makes wooden dolls and sells them. It costs her 3 rs for the wood, and about 2 rs…
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Category: Economy
Understanding GDP, Primary, Secondary, and Tertiary Sectors
There is a village. The village has 3 farmers, 2 weavers, and one moneylender. In one year, the farmers grow crops worth 300 rupees. The…
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Ken-Betwa River linking project approved by Union Cabinet of India
On Wednesday, December 8, 2021, the union cabinet (India’s highest decision-making body comprising a group of central ministries led by the prime minister) approved the…
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Three Farm Laws of India repealed
In an address to the nation on the morning of November 19th, 2021, Prime Minister Narendra Modi announced that three farm laws would be repealed…
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Vegetable prices rise in many parts of the country
If you go grocery shopping with parents, you have probably observed something strange. The prices of vegetables have been rising for more than 5 weeks.…
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Value of Pakistani Rupee, Turkish Lira, and Iran’s Rial plummets
Which currencies have been doing badly
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China’s energy crisis puts global economic recovery at risk
News report by Gunjan Sharma Beijing, Oct 5: What began last week as sporadic power outages and rationing has now escalated (grown) into China’s worst…
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Venezuela Introduces New Currency With 6 Lesser Zeros
The Venezuela government introduced a new currency with six fewer zeroes owing to the country’s ongoing inflation crisis which has now lasted years.
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UK Petrol Pumps Face Shortage
This might sound hard to believe, but is true. In the UK, many petrol pumps are running out of petrol for customers.
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India Ranked 46th in the Global Innovation Index
India has been ranked 46th in Global Innovation Index (GII). The Global Innovation Index (GII) is an annual ranking of countries by their capacity for and success in innovation.
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