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Showing posts from February, 2021

What is Inflation and How is Inflation related to Unemployment and other Economic factors ?

If I gave you a hundred rupee note in the year 1958 and you kept it hidden under your bed for 60 years And if you took out that note today and used it in the market, then the value of that note would have reduced to a mere 1 rupee 20 paise in comparison to 1958 Let me explain it to you from another angle, if you did not understand If you buy something worth 100 rupees today, it would have cost 1 Rupee 20 paise back in 1958 That is 100 rupees of today is equal to 1 rupee 20 paise of 1958 This is because of inflation. Inflation means dearness of things that makes things costlier for all of us every year Why does inflation occur and what are the reasons behind this? Is it really a bad thing? And how is inflation related to unemployment and other economic factors? We will talk about all of this in today's Blog where I will explain this "ghastly" inflation to you Come, let us see First of all, a very important question- Why does inflation happen and who is causing it to

Deepdive to Budget 2021

A budget such that was never seen in the last hundred years is finally here .So what is there in this budget for a middle class common folk? What things will be cheaper for you and what will be dearer? Apart from this, what is there in this budget for businesses, start-ups, farmers and workers? Come let’s get to know all of these things in this  Post .  There was definitely one thing in this budget which had never been seen before! Older budgets used to come in some physical paper form in a briefcase or a khata but this time, for the first time, budget came in a digital tablet. The word “digital” remained the keyword for the entire budget presentation. It was repeated again and again.  But if we talk about what matters, then this time the government is going through a serious issue, the economic crash caused by Covid-19 crisis. Businesses were shut down and many jobs were lost.  And many experts believe that the government needs to increase its expenditure to revive the economy. A part