Free Covid 19 vaccines driving up fuel costs

Fuel prices have once again risen and are now at historic highs. After a pause of a day, petrol prices have been hiked by 31 to 35 paise while diesel prices have been hiked by 26 to 30 paise on June 29th, 2021. This is the 32nd price hike within 2 months. With this increase, fuel prices in Delhi, Kolkata and Chennai are just shy of the ₹100 mark while in Mumbai, Hyderabad and Bangalore it has breached the ₹100 mark.

What constitutes petrol and diesel prices?

The price of fuel varies from state to state. This is primarily due to the levy of state taxes…

Phone tests whether a person is COVID 19 positive or not

Covid-19 testing and vaccination have been the main challenges in the Wellness and Medical sectors. A new technology is identified which can improve detection of the novel coronavirus using samples taken from the screens of smartphones.

Researchers from University College London (UCL) analysed samples collected from mobile screens of people using the Phone Screen Testing (PoST) method. They found that people who tested Covid-19 positive by the regular nasal swab RT-PCR test were also positive when samples were taken from their smartphone screens. Also read Are Ambani and Adani heading for a war?


PoST is an environmental test where swabs…

Ambani v/s Adani

Mukesh Ambani recently in Reliance Industries’ AGM stated that the company would be making a substantial investment of ₹75,000 crores($10 billion) in new energy business over the next three years. Adani meanwhile, has a strong foothold in the renewable energy business with Adani Green Energy. This news would have been a huge relief for Ambani’s competitors in the petrochemicals business. However, this does not spell good news for France’s TotalEnergies SE, which has picked up a 20% stake in Adani Green Energy Ltd.

Mukesh Ambani’s game plan

$10 billion is hardly a substantial amount for India’s most influential businessman, considering he had raised $44…

Monopoly is a beloved game played by friends and family alike. Monopoly has managed to enrage even the calmest of persons. While we spend days and nights playing this game, little do we realize that this game teaches us several valuable money lessons.

1. Always keep cash on hand, but never too much idle

This is without a doubt the most important lesson both in the game and in life. Even the best savings accounts offer lesser interest than the prevailing inflation rates. Keeping too much cash in hand, though a flex, does not bode well for the long term as it loses value with time. That does not meant to…

Avoid the debt trap

In the current day and age, credit is available at the tap of a button. It is very important to ensure that we avoid a debt trap. Once we fall into the debt trap, it is very hard to escape the debt trap. Debt offers a great way to leverage our resources, but if left unattended, then it can spiral out of control and make our life a living hell.

Here are a few ways to utilize the leveraging power of debt and ensuring we do not fall into the debt trap:

1. Understand good and bad debt to avoid debt trap

A loan taken for the purpose of bettering…

At the start of 2021 let’s take out our calendars and mark all the financial deadlines so that we do not miss any and pay a huge penalty. This year is unique in the sense that we have quite a lot of deadlines postponed from 2020 to 2021 as a result of the pandemic.

Here is a list of financial deadlines for 2021 to mark in your calendar:

1) 10th January 2021: ITR filing deadline for salaried individuals

If you have still not filed your Income Tax Returns (ITR) for the financial year (FY) 2019–20, then you should ensure it is filed before 10th of January, 2021. Any delay…

At the turn of every year, we make several resolutions to improve our physical, mental, and professional health. However, the one thing most of us tend to overlook is our financial health. Many of us have developed the habit of procrastinating when it comes to improving our financial health. In 2021, let us make a few resolutions to improve our financial well-being.

Resolution 1: Create a budget and stick to it

To attain financial freedom, just increasing our income isn’t sufficient if your expenses also increase in tandem. We can get one step closer to our financial goals by keeping a track of our expenses and reigning them in.

Zhong Shanshan, the “Bottled Water King”, founder of Nongfu Spring, has dethroned Mukesh Ambani to be crowned as Asia’s richest man.

Mukesh Ambani

The Indian business tycoon, Mukesh Ambani is the Chairman and Managing Director of Reliance Industries. Mukesh Ambani’s wealth rocketed to over $80 billion on the backs of several deals involving the likes of Google and Facebook. The spree of deals saw Reliance Industries shares hitting an all-time high of ₹2,369. This surge in share price saw Mukesh Ambani rise up the ranks and become the fourth richest man in the world, behind the likes of Jeff Bezos. Bill Gates…

Bitcoin has had a stellar run this year, after recently scaling the $20,000 summit. It is now trading at $26,500 after having hit an all-time high of $28,000. Seeing this growth, the government too wants a piece of the action. There are talks that the government is considering imposing 18% GST on Bitcoin trade.

Market size

Bitcoin transactions in India are estimated to be a massive ₹40,000 crore and this entire amount has been outside the tax net until now. …

An image showing gold bars and dollar notes, highlighting asset allocation

The burning question on everybody’s lips during the pandemic is “How to asset-allocate to ensure a bright future?”. Many have seen their wealth erode by being too “equity-heavy” or have seen inflation eat away their wealth by holding too much cash in hand.

What is asset allocation?

Asset allocation is an investment strategy that aims to balance the risk versus reward by adjusting the percentage of each asset based on the investors’ risk appetite, goal, and time frame. …

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