Jevons Paradox: The Jevons Paradox has resurfaced in economic discussions after the DeepSeek AI launch led to a selloff in global tech stocks, raising concerns over AI chip demand. Jevons Paradox states that when a resource becomes more efficient and cheaper to use, overall consumption increases instead of decreasing. Proposed by William Stanley Jevons in […]
Day: February 6, 2025
Debt-to-GDP Ratio
Debt-to-GDP Ratio: The Union Government has announced a shift from fiscal deficit to debt-to-GDP ratio as the primary fiscal anchor from FY 2026-27, targeting a 50±1% ratio by 2031. Debt-to-GDP Ratio represents the proportion of a country’s total debt to its GDP, indicating economic stability and repayment capacity.A higher ratio signals increased risk of default […]
Santorini Island
Santorini Island: Santorini, a popular Greek island, has been placed on high alert after experiencing over 200 undersea earthquakes in four days, with magnitudes up to 4.6.Santorini Island Located in: Southern Aegean Sea, part of the Cyclades archipelago in Greece. Controlled by: Greece (part of the Thira regional unit).
Ujjivan Small Finance Bank Seeks Universal Banking Licence
Ujjivan Small Finance Bank Seeks Universal Banking Licence: Ujjivan Small Finance Bank (USFB) has applied for a universal banking licence, a major milestone in its journey from a small finance bank to a full-fledged commercial bank. This move aligns with the bank’s strategy to expand its financial services, increase regulatory flexibility, and strengthen its position […]
First Black Mrs World
First Black Mrs World: Soweto-born Tshego Gaelae has made history by becoming the first Black woman to win the Mrs World 2025 title at the grand finale in Las Vegas. The 34-year-old attorney and 2024 Mrs South Africa Queen follows in the footsteps of Candice Abrahams, the only other South African to hold the title […]
India’s economy is expected to grow at 6.5% in FY26 : CRISIL
India’s economy is expected to grow at 6.5% in FY26 : CRISIL India’s economy is projected to grow at a rate of 6.5% in FY26, slightly improving from the 6.4% growth forecasted for the current fiscal year (FY25). Crisil’s report highlights several factors driving this growth, including lower inflation, expected rate cuts by the Reserve […]
Bart De Wever Sworn in as Belgium’s New Prime Minister
Bart De Wever Sworn in as Belgium’s New Prime Minister: Belgium saw a significant political shift as Bart De Wever, leader of the New Flemish Alliance (N-VA), was sworn in as the country’s new Prime Minister. This marks the first time a Flemish nationalist has ascended to the highest office in Belgium. After more than […]
Niger, Mali, Burkina Faso Break Ties with ECOWAS
Niger, Mali, Burkina Faso Break Ties with ECOWAS: The Economic Community of West African States (ECOWAS) has formally acknowledged the departure of Niger, Mali, and Burkina Faso. This move follows over a year of diplomatic strain, primarily caused by military coups and disagreements over ECOWAS’ approach to regional governance.
