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Showing posts from March, 2022

My Experience with Income Tax Return (ITR) Filing

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I once thought that if I know something (probably because I've learnt it somehow), I am saving money because then I don't have to pay someone to do that chore for me. This notion of mine has been smashed and boinked all around the place for the last couple of days. I am talking about filing my ITR (Income Tax Returns). Context In the past, during my school days, I have seen my parents getting irritated by the whole process. It was very cumbersome at that time- No online portals to make your work easy. ITR filing in India was a nightmare. I have seen my parents to delegate that task to professionals, who do it for a fee. The problem was, my parents never seem to mind that much about tax. I mean, they did moan about the atrocity that the Indian tax system is, but that's the extent of their outrage. I felt at that time, if they knew more on tax, they would be able to save more on taxes and also would be able to do proper tax planning. Oh boy, what a sweet dream that was! My Li

How does war affect oil prices | Effect of Russia Ukraine war on oil price

On 24 th of February, Russia launched a military invasion in Ukraine. It not only had a direct impact on the people of Ukraine and Russia, but it would also have lasting ripple effects to the rest of the world. One of such impacts can be seen in Oil price which in turn affects the cost of whole range of things thus affecting economic stability. So, let’s talk about that today. To start with, we need to understand the fundamentals for any product pricing. The price of any product basically depends upon two things- Demand and Supply. Very simply put, if the demand and supply is comparable (irrespective of both increasing or decreasing), then you typically get the product at the right price. However, when the demand is comparatively higher than the supply- the price goes up. Similarly, when the opposite happens, that is, the supply is comparatively much higher than the demand, then the price goes down. This simple equation holds true for almost all the products you can think of- fr

How war affects Growth?

We are amidst a war between two nations currently. And we all are apprehensive about the results. Wars are always ...always a terrible business with all the lives lost, all the properties being damaged, all the destruction that ensues. But apart from all these bad stuffs, do you know that war can have an adverse effect on our height as well? Historically speaking, the average height of an European got reduced during the two world wars in the twentieth century. So, what’s exactly the relationship? Why does it happen?   Height of a human being, like any other biological processes, depends upon mainly two things- 1) The genes that you get from your parents and 2) the environment that you was brought up in. It’s almost like a game of cards. Genes are basically the cards that you got and the environment can be thought as the way you play your cards. Any biological process is the combination of them. You also might’ve heard about the nature vs nurture debate? More on that later som