Recently, U.S. President-elect Donald Trump threatened to impose a 100% tariff on BRICS nations if they stop using the U.S. dollar in global trade. This move has stirred discussions about the global financial system and how countries like India could be affected. In this blog post, I will explain this complex issue in simple terms…
Canada’s economy is in the news for slowing down, and many are debating what the Bank of Canada (BoC) should do next. Let’s break this down into simple terms while exploring why this is happening and what lessons it offers for us in India. 1. What’s the Situation? Canada’s economy grew by just 1% in…
Yesterday I read this latest news about a groundbreaking discovery in China’s Hunan Province. It has made the whole financial world buzzing. A discovery has been made at the Wangu gold field in Pingjiang County. It has revealed one of the largest gold deposits in history. It is estimated that over 1,000 tonnes of gold…
The world of cryptocurrencies always remains volatile and super dynamic. In this space, the Ripple’s XRP is trying to find its feet in presence of other cryptos like Bitcoin and Ethereum. Ripply XRP has a technological prowess and hence, experts say, it has potential to disrupt traditional banking systems. XRP’s journey has been marked by…
India’s GDP growth rate for the second quarter of 2024-25 has drawn significant attention. Clocking in at 5.4%, this is the slowest pace we’ve seen in seven quarters. To put it simply, GDP is like the report card for the country’s economy. It shows how much it has grown (or shrunk) over a specific period….
Discover the concept of skiplagging. It is a controversial travel hack that can potentially save on airfares for us. Learn how it works and its benefits vs risks. We must also know why we Indian travellers should weigh cost savings against potential penalties before considering skiplagging. Not many of us in India know about skiplagging…
On November 28, 2024, our two major stock market indices (Nifty 50 and Sensex) saw a deep correction. The Sensex and Nifty 50 index are two key indicators of the Indian stock market’s health. Both of them took a nosedive, leaving the Indian stock investors very concerned. Here’s a deeper look into what transpired, why…
Debt is a tricky thing. Some people see it as a tool to build wealth, while others warn against it, saying it can lead to financial trouble. Robert Kiyosaki, the author of Rich Dad Poor Dad, is a famous example of someone who uses debt to build his wealth. But before you rush to take…
The world of cryptocurrency and blockchain often sees rapid shifts. The latest move comes from Kraken, one of the largest cryptocurrency exchanges, which has decided to shut down its non-fungible token (NFT) marketplace. This decision, effective February 2025, is a strategic move to reallocate resources to new projects. Let’s break this down, understand its relevance…
There’s one current news that’s been making waves in the UK. There is a new inheritance tax loophole that could impact wealthy Britons considering retirement abroad. The UK government’s recent Budget changes have introduced a shift in the inheritance tax (IHT) system. It’s creating significant financial opportunities for those planning to retire outside the UK….
Suppose, a 45-year-old individual planning to buy a Rs.1 crore 2BHK flat say in Pune. He is facing a financial challenge of arranging the 30% down payment, which amounts to ₹30 lakh. If the person is an active EPFO member, the updated withdrawal rules can come as a relief. Actually, I was reading a news…
The Russian ruble has seen a significant drop in its value recently. To understand why, we need to look at the bigger picture of what’s happening in Russia’s economy. Let’s break this down step by step. 1. What Does Currency Depreciation Mean? Before diving into the reasons, let’s understand what it means when a currency…
