The new Income Tax e-filing portal- What’s changed & what’s improved?

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What’s going on here?

It’s that time of the year again – the tax filing season. This year the tax filing deadline has been pushed two months away till 30 Sep due to the pandemic. To make your tax filing experience better, the govt has launched a new website called e-filing 2.0 with a host of improvements and enhanced features.

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Why are the majority of Covid health insurance claims getting rejected?

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What’s going on here?

The very purpose of opting for health insurance is to save yourself from the financial burden in case of hospitalization. We saw individuals getting discharged from hospitals with bills running in lakhs during the 1st wave. This prompted many to go in for covers – especially Corona Kavach and Corona Rakshak.

But many who had health covers are ending up with claim rejections or paying a majority portion from their pockets. (more…)

Why did the cryptocurrencies of the world have a great fall?

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Image:Reuters

What’s going on here?

Crypto takes the centre stage again. After seeing a wonderful run-up all through 2020, major cryptocurrencies took a major drop in values. (more…)

Ethereum – The rising star among cryptocurrencies

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What’s going on here?

Looks like cryptocurrencies are grabbing eyeballs everywhere, from the rise of Dogecoins, to Non Fungible Tokens, to Elon Musk’s tweets setting the tone to rise and fall of Bitcoin. There is something else that’s quietly rising up. It’s none other than Ethereum or Ether for short. 

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Key takeaways for you from the Berkshire Hathaway AGM

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Berkshire Hathaway AGM 2021

Image source: Yahoo Finance

The famed Annual General Meeting of Berkshire Hathaway was held last weekend. For the uninitiated, Berkshire Hathaway is a massive holding company many other famous companies like Fruit of the Loom, Duracell,  and a shareholder in Apple,UPS, etc. Let’s tell you some absolutely eye-popping😲 facts about Berkshire –    (more…)

Data Leaks and cyber frauds -How can they affect you? -MoneyBite weekly newsletter

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Stay safe from cyber fraud and data leaks

What’s happening here?

Take a look at the statistics on data leaks in 2020-21,  they look staggering and the list included names big and small from PM Modi’s personal website Narendra Modi.in to IRCTC to Bigbasket to the recent ones like Upstox, Mobikwik to Dominos. A digital monitoring firm estimates that 15 billion credentials are for sale since the time pandemic struck us. Cybercrimes caused 1.25 lakh crore losses to business in 2019.  (more…)

Find out why Dogecoin went to the moon and crashed? -MoneyBite weekly newsletter

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Dogecoin to the moon

Image source: Express.co.uk

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Look’s like it is crypto and blockchain products like Non-Fungible Tokens which are ruling the roost. Last week Dogecoin (DOHJ-koyn) – a cryptocurrency that had its value zoom by 400%  and has delivered incredible returns of 1900% since the start of the year 2021.  (more…)

What are NFTs and why are they selling for millions of dollars? MoneyBite Newsletter 17 Apr

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EveryDays - The First 5000

Image Source: EveryDays – The First 5000

What are NFTs that are selling for millions of dollars?

A few weeks back we wrote about Cryptocurrencies. If cryptocurrencies are being touted as the alternative to the currency we use now, NFTs have taken the world by the storm as a digital alternative to collectibles.

What’s happening here?

In Feb 2021, an auction of an art piece called EveryDays – The First 5000 at the famous Christie’s fetched  $69 million. You must think it must be a piece of art by a renowned artist which the buyer can hang in his/her living room and flaunt. No, it was neither a painting, nor a sculpture, or even a replica of the original piece. It was just an NFT- also called a Non-Fungible Token. What are NFTs which the world is going crazy over and selling for millions of dollars? (more…)

Your mobile wallet can soon turn into a debit card- MoneyBite Newsletter 10 Apr

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This week RBI kept its benchmark rates unchanged in its first policy meeting, which means your loan interest rates and the deposit rates remain pretty much the same. This move was expected and is required to support the growth of the economy through this phase. 

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Your mobile wallet can turn into a debit card soon

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Are we looking at another Lehman rerun with the Archegos capital sell-off? – Money Bites Newsletter 02 Apr

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What’s up, everyone?

We enter a new financial year this week. And the Govt decided to give us a shocker by cutting interest rates of small savings schemes like PPF, NSC, Sukanya Samruddhi Yojana, etc but thankfully withdrew the order. The earlier rates stand good.

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Are we looking at another Lehman rerun with the Archegos Capital debacle?

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