economy

Economic shocks of Zimbabwe – It’s easy to become a Billionaire

Economic shocks of Zimbabwe – It’s easy to become a Billionaire
This South African country is on the verge of collapse with its economy, public health and food facing the worst crisis which one could ever imagine. Zimbabwe is experiencing a major currency shortage, which has led to hyperinflation and the current inflation rate is a staggering 231 million%.

Subprime effect on Indian markets

Subprime effect on Indian markets
Sub prime lending, also called ‘B-Paper’, ‘near-prime’ or ‘second chance’ lending, refers to the practice of making loans to borrowers at interest rates above the prevailing market rates because of their low credit status and increased risk due to either a limited credit history, or histories of payment delinquencies, charge-offs or bankruptcies.

India – the unknown truth

In the words of Mark Twain “So far as I am able to judge, nothing has been left undone, either by man or nature, to make India the most extraordinary country that the sun visits on his rounds.