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  Printing of the currency has its association with the increase in inflation.  Because if everyone has more money, prices go up instead. Increasing demand  will increase the rate of inflation over time .    This happened recently in Zimbabwe, in Africa, and in Venezuela, in South America, when these countries printed more money to try to make their economies grow. Monetizing the deficit is when the RBI directly purchases government bonds (G-Secs) from the primary market to help the Centre’s expenditure.  In turn, the RBI prints more money to finance   this debt. In other words, monetization of deficit happens when RBI buys government securities directly from the primary market to fund government’s expenses. When the printing of currency for a longer period of time, resulted into the “hyperinflation”.  When Zimbabwe was hit by hyperinflation, in 2008, prices rose as much as 231,000,000% in a single year.  To get sustained , a country has...

According to U.S. National Oceanic and Atmospheric Administration(NOAA) , world’s average annual temperature is one degree Celsius warmer than it was a century ago. The 10 warmest years on record have all occurred since 2005, and seven of the 10 have occurred just since 2014 . Canada is widely known for its brutal winter and snows, and prior to the weekend the historical high in Canada was 45°C, set in Saskatchewan in 1937, according to Environment and Climate Change Canada. The heat over western parts of Canada and the US has been caused by a dome of static high-pressure hot air stretching from California to the Arctic territories. Temperatures have been easing in coastal areas but there is not much respite for inland regions.   The scorching heat stretching from the US state of Oregon to Canada’s Arctic territories has been blamed on a high-pressure ridge trapping warm air in the region. The heatwave in the Pacific Northwest, which is more accustomed to long bouts of rain than su...