The world this week is an attempt to provide worldly news to kids once a week. The idea behind this is to make them get started on reading world news but it’s written in a child friendly manner and explains some concepts too
Venezuela is a country on the northern coast of South America. More than 2.3 million Venezuelans have fled the country's hyperinflation (extreme high prices for everything) and severe shortages. What’s wrong with Venezuela? Venezuela was blessed naturally with a huge resource of oil, the largest in the world. Due to the ever-increasing demand and prices of oil globally, the Venezuelan economy had an easy source of income and growth and gradually stopped producing other goods. They slowly became too dependent on imports even for their daily needs. However, oil prices took a huge dip around 2014, and as foreign inflows…
The Asian Games 2018 co-hosted by the twin cities of Jakarta and Palembang were held on 18th August, 2018 to 2nd September, 2018. India had a total of 69 medals - 15 gold, 24 silver and 30 bronze medals. Athletics category has continued the trend of getting India the maximum number of medals; 19 medals in total. This was India’s best performance till date, beating the record of 65 medals earned in Guangzhou in 2010 and a steep increase from last Asian Games performance in 2014 where they got 57 medals. The Asian Games were first held in 1951 in…
Siddhant Bansal recently left for New York to pursue his under-graduate program. He had to shell out a whopping Rs 72000 to get USA Dollars (USD) 1000 for his daily expenses. Just 8 months back, around January, he would have had to spend only about Rs 64000 for the same. Currently, the rupee is at its record lowest value against the dollar. The fall and rise of a currency, (unless they are fixed by their government) depends on a large number of factors. Internal factors mainly the monetary policy includes targeted inflation and interest rates in the country. Inflation is…