Why is Karnataka protesting against the Central Government?

Southern states are protesting because they believe it is unfair that they contribute significantly to Central Government taxes but receive disproportionately little in return. Firstly, let’s delve into the tax structure in the country: The State Governments gathers taxes on alcohol, fuel, road tax, stamp duty, and a share of the GST Meanwhile, the Central …

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The Dragon’s Rest: What’s Slowing Down China’s Economic Growth?

China’s Economic turbulence: A dragon at rest? China, the world’s second-largest economy, has been making headlines for all the wrong reasons lately. The dragon’s mighty roar seems to have turned into a subdued purr as it navigates a series of economic challenges. Economic indicators data hush-up One notable move is China’s decision to stop publishing …

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Why did Silicon Valley Bank Collapse? – Explained

Silicon Valley Bank (SVB) was the 16th largest commercial bank in the US Today, it is no more SVB was based in California, US, and its collapse is the biggest financial disaster since 2008 [You may also read- the financial crisis of 2008 simplified] Silicon Valley Bank collapsed because depositors rushed to withdraw their money, …

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What is e-Rupee?

The Reserve Bank of India (RBI) has introduced a new digital version of the Indian rupee, called the e-rupee. The e-rupee is a digital version of the physical rupee and is intended to be used for digital transactions. On Dec 1 2022, the RBI has announced start of the first phase of the retail e-rupee …

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What’s this capex multiplier mentioned in the budget 2022?

The one big takeaway from the Union Budget 2022 is the increase in capital expenditure (capex). The capital expenditure outlay has been increased by 35.4 % for 2022. It is expected to go up to Rs 7.50 lakh crore in FY 2022-23. This includes Rs 1 lakh crore earmarked as special borrowing by states to be …

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