The Importance of Financial Literacy in the Modern World Introduction In a fast-paced, ever-evolving economy, understanding how money works is more than just a skill—it's a necessity. Financial literacy is the foundation of smart money management, yet only 57% of adults worldwide are financially literate , according to the Standard & Poor’s Global Financial Literacy Survey. Financial literacy empowers people to make informed decisions about budgeting, saving, investing, and borrowing. It bridges the gap between surviving and thriving in both personal and professional life. 1. What is Financial Literacy? Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing. Core Concepts: Budgeting : Managing income and expenses Saving : Preparing for emergencies and future goals Investing : Growing wealth strategically Debt Management : Understanding loans, credit cards, and in...
Things are getting tense between India and the Maldives because of a tweet from a Maldivian minister. The tweet claims India is intentionally targeting the Maldives and suggests India is struggling to compete with the Maldives in beach tourism. This has led many Indians to say they're canceling their trips to the Maldives, and the hashtag '#BoycottMaldives' is trending on social media.
The issue isn't just about a single tweet. It's part of a bigger change in the Maldives' foreign policy since President Mohamed Muizzu took office. He seems to be moving away from the previous "India first" approach, showing a stronger connection with China.
The Maldives has been crucial in India's regional plans like 'SAGAR' and the 'Neighbourhood First Policy.' However, Muizzu's upcoming visit to China from January 8 to 12 suggests a significant shift towards closer ties with China, leaving India in a bit of a pickle.
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