Report by Yashasvi Anika Tandon Go First Airline is facing a financial crunch. It has suspended all flights from 3rd May till 5th May 2023.…
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Category: Let’s Understand
What is Ceasefire?
Cease means to stop. Fire refers to artillery and gun fighting. Ceasefire means a situation in which all parties related to a conflict decide to…
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What is a simple majority?
Let us suppose that a group has ten members. They have to vote on a decision. For example, should they watch Movie A or Movie…
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What is Power of Judicial Review? What is Judicial Overreach?
There are three organs of government: Legislature: Makes the laws Executive: Ensures that the laws are implemented Judiciary: Decides on all conflicts. The Legislature, Executive,…
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What is a Scutoid?
Our world is made up of elegant shapes — there’s the square, the rectangle, the sphere, the prism and many more. But sometimes, these shapes…
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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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Part 2: The Global Banking System
This is part 2 of a series that started here. This is a report by Hima Sutha How Bond yields affect banks and why banks…
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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…
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What is Run on the Bank?
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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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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