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Things might get worse for the economy
Markets are worried:
The price of Bitcoin is going down, and that's a sign that the whole economy might be going down too.
Prices might go up:
The US has printed a lot of money, which could make things more expensive (that's called inflation).
The US has a lot of debt:
It owes a lot of money to other countries, and it's not clear how they'll pay it back.
Things are getting tense in the world:
Iran and Israel are fighting:
Iran might attack Israel because of some recent events. This
The price of Bitcoin is going down, and that's a sign that the whole economy might be going down too.
Prices might go up:
The US has printed a lot of money, which could make things more expensive (that's called inflation).
The US has a lot of debt:
It owes a lot of money to other countries, and it's not clear how they'll pay it back.
Things are getting tense in the world:
Iran and Israel are fighting:
Iran might attack Israel because of some recent events. This
Trump Says He Could Remove Fed Chair Jerome Powell
1. What Happened?
Donald Trump said that if he tells Jerome Powell to leave the Federal Reserve, “he’ll be out of there
2. Why Did He Say That?
Trump doesn’t think Powell is doing a good job running the economy.
3. Who Is Jerome Powell?
Powell is the head of the U.S. Federal Reserve, which controls interest rates and helps manage inflation.
Trump picked him in 2017, and Biden gave him another term in 2022.
4. Can Trump Fire Him?
Not easily. The law says a president can’t remo
Donald Trump said that if he tells Jerome Powell to leave the Federal Reserve, “he’ll be out of there
2. Why Did He Say That?
Trump doesn’t think Powell is doing a good job running the economy.
3. Who Is Jerome Powell?
Powell is the head of the U.S. Federal Reserve, which controls interest rates and helps manage inflation.
Trump picked him in 2017, and Biden gave him another term in 2022.
4. Can Trump Fire Him?
Not easily. The law says a president can’t remo
More than $1.5 trillion disappeared from the U.S. stock market after Federal Reserve Chair Jerome Powell said the Fed isn't stepping in to support the market anytime soon. Investors were hoping for help, but now they're backing off, causing stocks to drop.
#PowellRemarks
#PowellRemarks
Digital Payments to Get Costlier
1. The Indian government is planning to impose GST on UPI transactions.
2. This tax would apply to payments made through UPI that are above ₹2,000.
3. The move is aimed at bringing high-value digital transactions under the tax system.
4. Small businesses, freelancers, and middle-class individuals who frequently use UPI for payments may be affected the most.
5. The proposal is still under discussion and has not been officially implemented yet.
Drawbacks of This Rule
1. Increased Financial
2. This tax would apply to payments made through UPI that are above ₹2,000.
3. The move is aimed at bringing high-value digital transactions under the tax system.
4. Small businesses, freelancers, and middle-class individuals who frequently use UPI for payments may be affected the most.
5. The proposal is still under discussion and has not been officially implemented yet.
Drawbacks of This Rule
1. Increased Financial
The global economy is in a state of panic right now
Nifty dropped 5% when it opened.Sensex is crashing hard, causing a lot of concern.In China Taiwan and Hong Kong stock markets hit limits and stopped trading.Bitcoin is at $78K, and Ethereum fell to $1500.Hong Kong’s market dropped by 10%, its worst fall since 2008.Japan paused futures trading after the **Nikkei** index fell 8%.
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