DELHI PUBLIC SCHOOL RAJNAGAR

Under the aegis of The Delhi Public School Society, New Delhi

Oct 12, 2023 THURSDAY ISSUE-315

THE ECONOMICS HUB

“When an economist says the
evidence is "mixed," he or she means
that theory says one thing and data
says the opposite.” - Richard Thaler

ECONOMIC LEXICON
Dotcom Bubble-
The dotcom bubble was a rapid rise in U.S. technology
-
stock equity valuations fueled by investments in Internet-
based companies in the late 1990s.The value of equity
markets grew exponentially during the dotcom bubble,
with the Nasdaq rising from under 1,000 to more than 5,000
between 1995 and 2000.Equities entered a bear market
after the bubble burst in 2001

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BOOK OF THE WEEK
From the
Chief Editor's
desk

Get ready to forget everything you’ve ever been told about

the “comfort zone.” It’s not a place where you sit
complacently because you can’t be bothered to take
action. It’s not a barrier blocking you from the life of your
dreams. Instead, it’s the truest source of growth,
possibility, and joy—and it’s within your reach with help
from an expert guide.
You will never achieve success faster and with less effort
than when you are in your Comfort Zone,” Kristen writes.
“By living inside of my Comfort Zone, I’ve achieved more
success than I thought was possible, and I’ve done it
without feeling overworked or compromising who I am.
Now it’s your turn.

02
 e w nt
N e
g m
Se INFOGRAPHICS

03
 QUICK VIEWS

ICC World Cup

2023: magicpin to
spend ₹100 crore
for discounts on
food orders RBI adds new
weapon as India
gears up for
billions in index
inflows

Israel-Palestine
War: Impact on
global economy,
India-Israel
trade, financial
markets M Cap of 5 of the 10
most valuable
companies jumped
by 86,243.73 cr.
TCS biggest gainer

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 ICC WORLD CUP 2023: MAGICPIN TO SPEND
₹100 CRORE FOR DISCOUNTS ON FOOD ORDERS
03 For the ICC World Cup
2023 bonanza,
magicpin has enlisted some of
the nation’s favourite food
chains. Expect to see mouth-
watering offers from outlets like
Rebel Food brands (which boasts
names such as Faasos, Oven
Story and Behrouz Biryani),
McDonald’s, Pizza Hut, Barbeque
Nation, Barista and WowMomo.
01 With the start of the ICC
World Cup 2023, hyperlocal
e-commerce company magicpin is all set
to ride the wave by unveiling its
ambitious ‘Super Saver Match Days’
campaign. Come October 8, during the
India vs Australia match, the company is
poised to roll out a slew of tantalizing
offers on the government-supported
Open Network for Digital Commerce
(ONDC).
02 Although
initially
magicpin
earmarked an
investment of ₹50 crore for the
has
campaign, they are prepared to double
the stake, pouring up to ₹100 crore into
promotions.
04 If you love ordering online,
especially when the cricketing
action gets intense, magicpin’s latest
campaign could be your golden ticket.
When you spend ₹200 or more, the e-
commerce company will give you up to
₹175 off with free delivery. The company,
which forges partnerships with myriad
retail outlets and restaurants to bolster
its online presence, also dangles the
carrot of discounts for transactions its
users execute on partner outlets.
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 M CAP OF 5 OF THE 10 MOST VALUABLE COMPANIES
JUMPED BY 86,243.73 CR. TCS BIGGEST GAINER

01 The combined market

valuation of five of the top-10
most valued firms jumped Rs 86,234.73
crore in a holiday-shortened last week,
with Tata Consultancy Services (TCS)
emerging as the biggest gainer. While
TCS, HDFC Bank, Infosys, Hindustan
Unilever and Bajaj Finance were the
gainers, Reliance Industries, ICICI Bank,
ITC, State Bank of India and Bharti Airtel
emerged as the laggards.

02 The market valuation of TCS

rallied Rs 32,730.22 crore to Rs
13,24,649.78 crore, the most among the
top-10 firms. Bajaj Finance added Rs
21,697.96 crore taking its valuation to Rs
4,94,884.37 crore. The valuation of
Infosys jumped Rs 18,057.94 crore to Rs
6,13,655.04 crore and that of Hindustan
Unilever climbed Rs 7,730.16 crore to Rs
5,87,104.12 crore.

03 The market capitalisation

(mcap) of HDFC Bank
gained Rs 6,018.45 crore to Rs
11,63,164.31 crore. However, the
valuation of Reliance Industries
declined Rs 19,336.49 crore to Rs
15,68,216.88 crore and that of ICICI
Bank diminished by Rs 4,671.54 crore
to Rs 6,62,057.43 crore.
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04 The mcap of State Bank of
India fell by Rs 4,105.33
crore to Rs 5,30,211.19 crore and
that of ITC eroded by Rs 2,743.6
crore to Rs 5,51,463.84 crore.
Bharti Airtel's market valuation
dipped Rs 196.19 crore to Rs
5,19,082.95 crore.
 RBI ADDS NEW WEAPON AS INDIA GEARS
UP FOR BILLIONS IN INDEX INFLOWS

01
India’s central bank
added more firepower to
its inflation-busting
toolkit as the nation’s entry into
global bond index is set to test
policymakers’ resolve to manage
billions of dollars of inflows that
could further fan price pressures.

02
The Reserve Bank of
India may consider
selling bonds to sponge
off surplus cash, Governor
Shaktikanta Das said Friday, while
keeping the policy rate unchanged.
The surprise announcement soured
the mood in the debt market,
sending benchmark yields surging
by the most in over a year.

03 “Unexpected by all, the RBI

announces that OMO sales also
become a policy tool for the future in its
efforts to suck out liquidity,” said Indranil
Pan, chief economist at Yes Bank Ltd.
“This is important even from a longer
perspective, given that India could be
expecting large foreign exchange flows
next fiscal on the back of bond index
inclusion.”
07
04 JPMorgan Chase and Co.
last month said it would
add India’s bonds on its
emerging market gauge by
June. The move could bring in
as much as $50 billion from
investors, with a fifth of the
flows likely by March,
according to ICICI Bank Ltd.
 ISRAEL-PALESTINE WAR: IMPACT ON
GLOBAL ECONOMY, INDIA-ISRAEL TRADE,
FINANCIAL MARKETS

01 The Israel-Palestine conflict is

significantly impacting the global
economy. Rising tensions in the
Middle East have led to a surge in oil
prices, affecting major economies like
the US, India, and China, reliant on oil
imports. The sudden spike in energy
costs poses an imminent threat of
inflation, pressuring various industries
worldwide.

02
India’s trade with Israel faces
potential disruptions. Immediate
impacts are unclear, but supply
chains may face challenges. India
exports significant goods, including
petroleum products, to Israel.
Disruptions could lead to a depreciating Rupee, necessitating
intervention. Imports, including machinery and precious stones, might be
affected, impacting Indian industries.

03 04
The conflict prompts In conclusion, the Israel-Palestine
caution in global conflict emphasizes the need for
financial markets, with vigilance and adaptibility . As oil
investors favoring safe-haven prices rise and markets react, close
assets. While the immediate monitoring and proactive measures are
effect on the Indian stock crucial. Global economies and financial
market is limited, market markets must remain alert, navigating
stability relies on global challenges swiftly to ensure stability
responses to the conflict. amidst escalating geopolitical
uncertainties.
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 EDITOR’S DESK
Claudia Goldin wins Nobel for work on gender
inefficiency
-Ishika Goel XI-D
In a momentous announcement on October 9, 2023,
Claudia Goldin became the third woman Nobel Prize
awardee in Economics. What makes Goldin special is
her talent for making complicated ideas easy to
understand. She's like a friendly guide, helping us see
how jobs and money work in a simple way. She's an
expert in understanding why some people get paid
more than others and has made a big difference in how
we think about fairness at work.

One of her important findings is about something we all

care about – fairness at work. Goldin studied why some
people earn more money than others. She looked at
how men and women are treated differently in
workplaces and figured out that this isn't fair. Through
historical analysis of over 200 years and data-driven
research, she uncovered why these inequalities exist,
opening our eyes to the problem.

But Goldin didn't stop there. She also showed us that education is like a superpower. When
more people have a good education, it helps make the world fairer. She proved that
educated societies are happier and more equal.Her research isn’t just numbers and
graphs; it's like a map guiding us toward a fairer world. Goldin's work isn't just smart; it's
also really useful. It helps us understand why some jobs pay more, why some people face
discrimination, and how education can change lives.

Beyond her research, Goldin's mentorship has inspired countless economists, fostering a
collaborative spirit within the field. Her impact extends far beyond academia, making
economics more relevant and accessible to all.In celebrating Claudia Goldin's Nobel Prize,
we recognize not only her brilliance but also the power of economics to drive positive
change. Let her work inspire us to continue engaging in conversations that challenge our
understanding of the world, leading to a more equitable future.

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 EDITORS

Khyati Kalra XI-D

Ishika Goel XI-D

COLUMNISTS

Aarushi XI-B
Janvi Singh XI-B
Shreyas Jain XI-A
Ojjaswini Satyarthy X-D
Prakriti Ghosh XI-A
Kavya Saran XI-D

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