Why do we need a high Forex Reserve? - Explained for children

A country that has high foreign exchange reserves ( reserve: something we have stored, not for using now, but for a time when the need ar...

What is Ransomware and Cyber Insurance

Ransomware is a special type of program that locks all the data in a computer, then asks for money to unlock that data . Cyber insur...

What is the Right to Information Act?

What is the Right to Information Act, 2005? The Right to Information Act (RTI) Act of India is a law that was passed in India in 2005 to en...

What is Capital Expenditure and Operational Expenditure

Capital Expenditure is when we buy something new – like building a new railway line. Operational Expenditure is what we need to spend j...

What is a Budget?

Suppose your pocket money is 10 rs per day. I am sure you plan how you are going to spend the money. Maybe 5 rs goes for Samosa and anot...

Turnout and Public Spending

Turnout: The number of people who turn up to vote in an election is called the turnout of that election. It is usually expressed as a perce...

Intelligence Unit

Intelligence: Intelligence is not just how intelligent a person is. When we talk about intelligence about someone/something, or an intelli...

What is an annular solar eclipse?

An annular solar eclipse is when the moon appears just a little smaller than the sun. So, we are able to see the sun as a ‘ring’. 

What is the Budget?

What happens when you have to spend 1000 rupees all by yourself? Or arrange a party? Chances are, you sit down and plan how much y...

All About Stock Market, Company ownership, NCLT and NCLAT

What is a Share?  Suppose you have a pizza, and you decide that all of you will share it. There are four of you. You decide that each fr...

Corona and Dwarf Star - What are they?

Corona is the environment of the sun. Simply put, it is the outermost layer of the sun. A dwarf star is a small, tiny star. Typically,...

Mandi, Rabi and Kharif

Mandi: A place where agricultural produce is bought and sold. The farmers bring their crop to a mandi to sell. From there, wholesalers buy...

What is KYC? Know Your Customer

Know Your Customer: This is a verification process that all banks and companies have to do to ensure that the customer is genuine. Usually...

What is a Bill, and when does it become a law?

In India, a Bill is a proposed law. How does a Bill become a law?  It has to be passed by the Lok Sabha, then the Rajya Sabha, and then...

Explained for children: What are bad debts and non performing assets

Once upon a time, Ram gave Shyam 100 rs. But a few days later, Shyam lost all his possessions. Obviously, Ram cannot get his money back ...

Sanctions explanation for children.

Sanctions: When a powerful country issues an order to stop trade with another country, and convinces others also to do the same, that is c...