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It is dinner theatre redefined. With a price tag topping $2000 per person Sublimotion tops the list for the world's most priciest restaurant. Located in the party capital of the world Ibiza this 'eating joint' founded by Michelin Star chef Paco Roncero is billed as “the greatest gastronomic show in the world” with its laser light show, scored music, and transportive moments via Samsung Gear headsets.
With only 12 guests per sitting, the experience takes place in a roofless box containing an expansive communal table which would go on to host a 20 course meal. The theatrical show includes 360-degree screens with imagery projected onto all surfaces, from the walls to the table, turning the dining room into a stage. 
A scene on the Orient Express, a visit to an attractive park, a trip to the seabed, there is no limit. Up to 20 scenarios, one for each dish and with its corresponding changes in temperature, music, flavors, etc. As quoted a food critic - If Willy Wonka had a restaurant and not a chocolate factory, this would be it. 

Sublimotion Restaurant Price | The world's most expensive restaurant has a price tag of ₹14 lakh/person

Sublimotion pushes the dining experience by combining food, art, and illusionism into a concept that ventures far beyond the palate.

The world's most expensive restaurant has a price tag of ₹14 lakh/person

Sublimotion&nbsp;pushes the dining experience by combining food, art, and illusionism into a concept that ventures far beyond the palate.

It is dinner theatre redefined. With a price tag topping $2000 per person,&nbsp;Sublimotion&nbsp;tops the list for the world's priciest restaurant.&nbsp; Located in the party capital of the world Ibiza, this 'eating joint' founded by Michelin Star chef&nbsp;Paco Roncero&nbsp;is billed as &ldquo;the greatest gastronomic show in the world&rdquo; with its laser light show, scored music, and transportive moments via Samsung Gear headsets. Also watch |<a title="&nbsp;Flights from India banned here as Omicron threat shuts down Asia's financial hub" href="https://www.editorji.com/coronavirus/flights-from-india-banned-here-as-omicron-threat-shuts-down-asia-s-financial-hub-1641436980889">&nbsp;Flights from India banned here as Omicron threat shuts down Asia's financial hub</a>
With only 12 guests per sitting, the experience takes place in a roofless box containing an expansive communal table which would go on to host a 20-course meal.&nbsp; The theatrical show includes 360-degree screens with imagery projected onto all surfaces, from the walls to the table, turning the dining room into a stage.&nbsp;
A scene on the Orient Express, a visit to an attractive park, a trip to the seabed, there is no limit.&nbsp;Up to 20 scenarios,&nbsp;one for each dish and with its corresponding changes in temperature,&nbsp;music, flavors, etc.&nbsp; As quoted by a food critic - If Willy Wonka had a restaurant and not a chocolate factory, this would be it.&nbsp;

Who is Sunny Balwani? The name splashed across headlines as Silicon Valley's most watched trial of Elizabeth Holmes' concluded with a conviction that could send the startup founder to jail for 20 years. Holmes  shocked the courtroom when she gave an emotional testimony that she suffered emotional and sexual abuse for a decade by Ramesh “Sunny” Balwani, her boyfriend who was also the president of Theranos. He also faces multiple counts of fraud allegations and is up for trial this month.Balwani’s early career was in software. He was a Northern California sales manager for Microsoft, selling the company’s products to executives at other firms. Holmes met Balwani in 1999 when she is was 18 and he was 38. Holmes started Theranos in 2003 and just six years later Balwani joined as its president, despite having no background in medicine or pharmaceuticals.Little is known about Sunny, whose given name is Ramesh had a 12 year relationship with now branded felon Holmes. The Silicon Valley entrepreneur’s relationship with her ex-boyfriend Balwani is documented in podcast The Dropout and book Bad Blood by John Carreyrou. While Balwani has denied the abuse claims, he wasn’t in the courtroom to defend himself because he faces a separate trial over the same fraud charges. “He impacted everything about who I was, and I don’t fully understand that,” Holmes told the jury during the trial. 

Theranos fraud: Who is Ramesh ‘Sunny’ Balwani? 

Holmes  shocked the courtroom when she gave an emotional testimony that she suffered emotional and sexual abuse for a decade by Ramesh “Sunny” Balwani, her boyfriend who was also the president of Theranos. He also faces multiple counts of fraud allegations and is up for trial this month.

https://www.scmp.com/magazines/style/celebrity/article/3161530/inside-elizabeth-holmes-and-ramesh-sunny-balwanis-secret

Holmes jolted the courtroom as she alleged that she&nbsp;suffered emotional and sexual abuse for a decade by Ramesh &ldquo;Sunny&rdquo; Balwani, her boyfriend who was also the president of Theranos.&nbsp;

Who is Sunny Balwani? The name splashed across headlines as Silicon Valley's most watched trial of Elizabeth Holmes' concluded with a conviction that could send the startup&nbsp;founder to jail for 20 years.&nbsp; Watch|&nbsp;<a title="Elizabeth Holmes' conviction &amp; the Theranos fraud, everything you need to know about this startup scam&nbsp;" href="https://www.editorji.com/business-news/elizabeth-holmes-conviction-the-theranos-fraud-everything-you-need-to-know-about-this-startup-scam-1641266922396">Elizabeth Holmes' conviction &amp; the Theranos fraud, everything you need to know about this startup scam&nbsp;</a> Holmes&nbsp; shocked the courtroom when she gave an emotional testimony that she suffered emotional and sexual abuse for a decade by Ramesh &ldquo;Sunny&rdquo; Balwani, her boyfriend who was also the president of Theranos. He also faces multiple counts of fraud allegations and is up for trial this month. Balwani&rsquo;s early career was in software. He was a Northern California sales manager for Microsoft, selling the company&rsquo;s products to executives at other firms. Holmes met Balwani&nbsp;in 1999 when she was 18 and he was 38.&nbsp;Holmes started Theranos in 2003 and just six years later Balwani joined as its president, despite having no background in medicine or pharmaceuticals. Little is known about Sunny, whose given name is Ramesh&nbsp;had a 12 year relationship with now branded felon Holmes.&nbsp;The Silicon Valley entrepreneur&rsquo;s relationship with her ex-boyfriend Balwani is documented in podcast The Dropout and book Bad Blood by John Carreyrou.&nbsp; While Balwani has denied the abuse claims, he wasn&rsquo;t in the courtroom to defend himself because he faces a separate trial over the same fraud charges. &ldquo;He impacted everything about who I was, and I don&rsquo;t fully understand that,&rdquo;&nbsp;Holmes told the jury during the trial.&nbsp;

Upcoming Electric Cars in 2022: If you are looking to get into gear with a green option for your vehicle this year then 2022 may have just the right menu for you.

Upcoming Electric Cars : Upcoming electric cars in India, a list of EVs to watch out for

2022 is expected to be a big year for electric cars as automakers have lined up several cars to be launched in the upcoming year.

Gear up for an EV tsunami in 2022, here is what to watch out for

If you are looking to get into gear with a green option for your vehicle this year the 2022 may have just the right menu for you.&nbsp;Here are the EVs you can expect to be available in showrooms this year.&nbsp; First up the EV offering from Tata&nbsp;group, the&nbsp;Tata Altroz. After showcasing in 2019 at the Geneva Motor Show this homegrown&nbsp;brand is adding to the list of EVs&nbsp;after&nbsp;Nexon and Tigor. The buzz on pricing puts the tag at an affordable 13 lakh&nbsp;rupees while it boasts of getting 250 kilometers on a single charge.&nbsp; staying vocal for local the&nbsp;Mahindra&nbsp;group will drive into 2022 with&nbsp;Electric XUV300 which was delayed due to the global chip shortage. Likely to priced above the 15 lakh&nbsp;mark this EV reportedly clocks in 140 kms&nbsp;on a single batter charge.&nbsp; The&nbsp;Hyundai Kona Electric was&nbsp;India's first long-range EV and it returns this year with a facelift and a&nbsp;a&nbsp;reworked price tag of 25 lakh&nbsp;rupees. The South Korean car maker remains hush about the changes that are being incorporated. BMW is definitely in the fast lane when it comes to Electric Vehicle&nbsp;With an expected range of around 350 kilometers on a single battery charge the BMW&nbsp;i4 is expected to see mid year launch and will cost you north of 90 lakh&nbsp;rupees.&nbsp; The i4 is not the only offering from the BMW&nbsp;pack after the&nbsp;first all-electric hatchback from MINI was sold out in just two hours after the opening of bookings in October the carmaker returns with more ammunition. the new&nbsp;MINI Cooper SE has a configuration that&nbsp;lets the&nbsp;EV sprint from zero to 60 km/h in 3.9 seconds while 100 km/h speed is achieved in 7.3 seconds. With the ability to ride over 230 kms&nbsp;in a single charge this EV will reportedly cost you over 60 lakh rupees.&nbsp; We saved the best for last, with the ability to drive out 770 kms&nbsp; in a single change Merecedes is set to&nbsp;mark the entry of the&nbsp;S Class of electric cars into India with the&nbsp;Mercedes-Benz EQS&nbsp;and it comes with a hefty bill of over 2 crore&nbsp;rupees.&nbsp; The notable name missing from this list is the Musk-backed Tesla Model 3 which has done the test drives in India already but continues the battle on import taxes with govt while others get into the fast lane with EV launches.&nbsp;

2022 is expected to be a big year for electric cars as automakers have lined up several cars to be launched in the upcoming year.

The list of upcoming electric cars in 2022:&nbsp;If you are looking to get into gear with a green option for your vehicle this year then 2022 may have just the right menu for you.
<h3>Here are the Electric Vehicles (EVs) you can expect to be available in showrooms in 2022:</h3>
<h3>Tata Altroz EV:</h3>
After&nbsp;Nexon and Tigor, this homegrown&nbsp;brand is set to add <a href="https://www.editorji.com/story/tata-altroz-i-turbo-first-drive-autox-1611136160627" target="_blank">Altroz&nbsp;</a>to the line up after showcasing in 2019 at the Geneva Motor Show. The pricing buzz puts it at an affordable Rs 13 lakh though nothing officially has been released by Tata&nbsp;Motors on pricing of even a launch date. Aside from it's price tag the next catch for customers comes that it is likely to offer a driving range of 250 km on a single charge.
<h3>Mahindra XUV300 Electric</h3>
Showcased at the 2020 Auto Expo alongside the KUV100-based eKUV100, this EV offering from <a href="https://www.editorji.com/partner/car-and-bike/mahindra-treo-electric-auto-launched-in-maharashtra-1640363559447" target="_blank">Mahindra&nbsp;</a>is likely enter the arena against the Tata's&nbsp;Nexon EV.&nbsp;. The car was delayed due to the global chip shortage and is likely to debut&nbsp;with a maximum range of 140 km and support a price tag close to Rs 15 lakh.&nbsp;
<h3>Hyundai Kona Electric 2022</h3>
India's first long-range EV will return with a facelift&nbsp;and a&nbsp;reworked price tag.&nbsp;&nbsp;The <a href="https://www.editorji.com/partner/car-and-bike/hyundai-unveils-its-electric-vehicle-plan-for-india-1639035649826" target="_blank">Hyundai</a> Kona Electric is expected to be priced under the price of Rs 25 lakh&nbsp;with an expected launch in 2022.&nbsp;
<h3>BMW i4</h3>
With an expected range of around 350 kilometers and an 83.9 kWh battery pack,&nbsp;<a href="https://www.editorji.com/partner/car-and-bike/bmw-announces-its-electric-model-line-up-for-india-1639617253505" target="_blank">BMW&nbsp;</a>is set to drive its EV plans into India with&nbsp;an electric sedan called the&nbsp;i4. The German carmaker&nbsp;is expected to launch the series in mid-2022 with a&nbsp;Rs 90 lakh&nbsp;price tag.&nbsp;
<h3>MINI Cooper SE</h3>
The first all-electric hatchback from MINI was sold out in just two hours after the opening of bookings in October as they bought in only 30 units. The offering in 2022&nbsp; has much on offer from the BMW&nbsp;pack. The new configuration lets the&nbsp;EV sprint from zero to 60 km/h in 3.9 seconds while 100 km/h speed is achieved in 7.3 seconds. MINI Cooper SE will offer a riding range of up to 234 km (WLTP) on a single charge. Price? Around Rs 50 - 60 lakh&nbsp;is the buzz
<h3>Mercedes-Benz EQS</h3>
With a Rs 2 crore&nbsp;price tag this EV offering from <a href="https://www.editorji.com/partner/car-and-bike/mercedes-amg-a-45-s-4matic-launched-in-india-1637600068493" target="_blank">Mercedes</a> will mark the entry of the&nbsp;S Class of electric cars into India. It packs a 107.1kWh battery pack, which gives it a range of 770 km on a single charge.&nbsp;
The notable name missing from this list is the Musk-backed Tesla Model 3 which has done the test drives in India already but continues the battle on import taxes with govt while others get into the fast lane with EV launches.&nbsp;
Also&nbsp;watch|&nbsp;<a href="https://www.editorji.com/business-news/markets/apple-sets-record-with-3-trillion-marketcap-it-s-bigger-than-india-s-gdp-1641273222921" target="_blank">Apple sets record with $3 trillion marketcap, it's bigger than India's GDP</a>

128 recipients have been selected this year for the Padma Awards --  one of the highest civilian awards of the country. 
34 of the awardees are women and the list also includes 10 persons from the category of NRI and 13 Posthumous awardees.
Here is the list of business people who made it to the list: 

Natarajan Chandrasekaran: He is Chairman of the Board of Tata Sons, the holding company and promoter of more than 100 Tata operating companies with aggregate annual revenues of more than US $100 billion.
Krishna Ella and Smt. Suchitra Ella: Covaxin maker Bharat Biotech Chairman Krishna Ella, wife Suchitra Ella to be awarded Padma Bhushan on Republic Day
Cyrus Poonawalla: He is the chairman and managing director of the Cyrus Poonawalla Group, which includes the Serum Institute of India, the largest vaccine manufacturer in the world.
Satya Nadella:  Indian-born American who is the executive chairman and CEO of Microsoft
Sundar Pichai: Born in Madras, Pichai Sundararajan, better known as Sundar Pichai, is the CEO of Alphabet Inc. and its subsidiary Google.
Prahlad Rai Agarwala: He is the Chairman of Rupa, the company that manufactures garments from innerwear to casual wear
Muktamani Devi: 54-year-old Moirangthem Muktamani Devi is a well-known artisan from Kakching, Manipur. In 1990 she established Mukta Shoes Industry in her locality.
Ryuko Hira Kamlesh Punjabi: Born in Jaipur in 1966 as Kamlesh Punjabi moved to Japan in 1966, learnt Japanese, and today he is a wealthy Japanese businessman, better known as Ryuko Hira, and the owner of HMI Hotel Group, which runs a chain of hotels and resorts in Japan.


Tech titans to traditional traders, the Business tycoons on the Padma list

EJ Biz puts the spotlight on trade titans who made it to the list, from the tech czars to the kings of traditional businesses. 

The Business tycoons on the Padma list

34 of the 128 Padma&nbsp;awardees&nbsp;this year are women and the list also includes 10 persons from the category of NRI&nbsp;and 13 Posthumous awardees.

128 recipients have been selected this year for the Padma&nbsp;Awards --&nbsp;&nbsp;one of the highest civilian awards of the country.&nbsp;34 of the awardees are women and the list also includes 10 persons from the category of NRI&nbsp;and 13 Posthumous awardees.
EJ Biz puts the spotlight on trade titans who made it&nbsp;to the list:&nbsp;
<ul>
<li>Natarajan Chandrasekaran:&nbsp;Chandra as he is referred to is the Chairman of the salt to software to startup&nbsp;conglomerate of&nbsp;Tata Sons. The journey of this&nbsp;avid marathon runner within the Tata group has taken him from a regular internship at Tata Consultancy Services in 1987, to taking over the reigns of the group. </li>
<li>Cyrus Poonawalla: The chairman and managing director of the Cyrus Poonawalla Group, he is now known as the Vaccine King.&nbsp;Son of a horse breeder, Cyrus branched out from the family biz to found Serum in 1966&nbsp;and built it into the world's largest vaccine maker, </li>
<li>Krishna and&nbsp;Suchitra Ella:&nbsp;The husband wife duo are credited to making India's&nbsp;indigenous&nbsp;COVID-19 vaccine Covaxin. The Scientist with a business sense&nbsp;Krishan&nbsp;Ella founded Bharat&nbsp;Biotech&nbsp;in 1966 with his wife.&nbsp;A yeast molecular biologist by training, Ella hails from a farming family in Vellore district of Tamil Nadu. </li>
<li>Satya Narayana Nadella:&nbsp; This tech titan hailing from Hyderabad&nbsp;needs no introduction. Now Chairman of Microsoft joined the firm in 1992 and in 2014&nbsp;became the first non-founder CEO&nbsp;of Microsoft.&nbsp; </li>
<li>Sundar Pichai:&nbsp;The CEO of tech giant Google and its parent company Alphabet Inc started his journey in 2004 at Google where here led the development of Google toolbar and chrome.&nbsp; </li>
<li>Prahlad Rai Agarwala:&nbsp;Synonomus&nbsp;with India's most recognised textile brand Rupa&nbsp;&amp; Company, Kolkatta based&nbsp;Agarwala&nbsp;founded the firm in 1968. Credited for being the first to bring in organisation into the textile sector in the country Agarwala's firm&nbsp;continues to command the hoisery market.&nbsp; </li>
<li>Muktamani Devi: 54-year-old Moirangthem Muktamani Devi is a well-known artisan from Kakching, Manipur. In 1990 she established Mukta Shoes Industry in her locality. </li>
<li>Ryuko Hira:&nbsp;Born in Jaipur in 1966 as Kamlesh Punjabi, moved to Japan, learnt Japanese, and today he is a wealthy Japanese businessman, better known in his Japanese avatar&nbsp;Ryuko Hira, and the owner of HMI Hotel Group, which runs a chain of hotels and resorts in Japan.</li>
</ul>

Startup vs the institution, this legal battle between Bharat Pe founder Ashneer Grover and Kotak has the script of a blockbuster. From leaked audio recording to retracted tweets to allegations galore, the basic brawl is reportedly over Kotak not providing financing to BharatPe's co-founder and MD Ashneer Grover and wife Madhuri Grover for the Nykaa IPO. 
The notice was sent end of October so why are we talking about it now? The fight took centre stage on social media and the veteran ban now reacting to the ordeal. Here is what has transpired-:January 5: An audio recording reportedly of Bharat Pe founder Ashneer Grover talking to a Kotak Bank employee surfaces on Twitter. The audio clip has Grover sounding agitated and even abusive towards the Kotak Bank employee over not getting financing for Nykaa's IPO 
January 6: Grover had claimed that the viral audio clip was “fake” adding that it was a “scamster” who put it out.“Folks. Chill. It’s a fake audio by some scamster trying to extort funds (US$ 240K in bitcoins). I refused to buckle. I’ve got more character. And Internet has got enough scamsters." - Grover subsequently deleted that tweet January 10: Kotak Mahindra Bank acknowledges notice but the statement raises questions about 'fake' audio leak as the bank says they have placed on on record  their objections to inappropriate language used by Mr. Grover. Kotak has also said that  legal action is being pursued. As per reports this is what the legal notice to Kotak stated "Kotak’s refusal to provide IPO financing to our clients at the eleventh hour has completely crippled our clients’ ability to participate in the Nykaa IPO and deprived them of a business/investment opportunity about which they had informed Kotak more than a month in advance of the launch of the IPO. Had Kotak informed our clients at the very beginning that it would be unable to provide IPO financing for the Nykaa IPO, our clients would have approached other financiers who were ready and willing to provide IPO financing to our clients for this IPO."All eyes on Kotak now as reports suggest a notice is being served to Bharat Pe founder as well now. 


BharatPe founder Ashneer Grover goes on voluntary leave, a look at the ongoing brawl with Kotak

Startup vs the institution, this legal battle between Bharat Pe founder Ashneer Grover and Kotak has the script of a blockbuster. From leaked audio recording to retracted tweets to allegations galore, the basic brawl is reportedly over Kotak not providing financing to BharatPe's co-founder and MD Ashneer Grover and wife Madhuri Grover for the Nykaa IPO. 

Bharat Pe Founder vs Kotak - The brawl explained

Ashneer Grover, the co-founder &amp; MD of BharatPe&nbsp;takes a voluntary leave of absence till March-end

Startup&nbsp;vs the institution, this legal battle between Bharat&nbsp;Pe founder Ashneer&nbsp;Grover and Kotak&nbsp;has the script of a blockbuster. From leaked audio recording to retracted tweets to allegations galore, the basic brawl is reportedly over Kotak&nbsp;not providing financing to&nbsp;BharatPe's co-founder and MD Ashneer Grover and wife Madhuri Grover for the Nykaa&nbsp;IPO.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/munjal-vs-munjal-the-legal-battle-over-iconic-hero-brand-name-1641446201563" target="_blank">Munjal vs Munjal: The legal battle over iconic Hero brand name</a>
The notice was sent end of October so why are we talking about it now? The fight took centre stage on social media and the veteran ban now reacting to the ordeal. Here is what has transpired-: January 5: An&nbsp;audio recording reportedly of Bharat&nbsp;Pe founder Ashneer&nbsp;Grover talking to a Kotak&nbsp;Bank employee surfaces on Twitter. The audio clip has Grover sounding agitated and even abusive towards the Kotak&nbsp;Bank employee over not getting financing for&nbsp;Nykaa's&nbsp;IPO&nbsp;
January 6: Grover had claimed that the viral audio clip was &ldquo;fake&rdquo; adding that it was a &ldquo;scamster&rdquo; who put it out.&ldquo;Folks. Chill. It&rsquo;s a fake audio by some scamster trying to extort funds (US$ 240K in bitcoins). I refused to buckle. I&rsquo;ve got more character. And Internet has got enough scamsters." - Grover subsequently deleted that tweet&nbsp; January 10: Kotak&nbsp;Mahindra&nbsp;Bank acknowledges notice but the statement raises questions about 'fake' audio leak as the bank says they have placed on on record&nbsp; their objections to inappropriate language used by Mr. Grover.&nbsp;Kotak&nbsp;has also said that&nbsp; legal action is being pursued.&nbsp; As per reports this is what the legal notice to Kotak&nbsp;stated "Kotak&rsquo;s refusal to provide IPO financing to our clients at the eleventh hour has completely crippled our clients&rsquo; ability to participate in the Nykaa IPO and deprived them of a business/investment opportunity about which they had informed Kotak more than a month in advance of the launch of the IPO. Had Kotak informed our clients at the very beginning that it would be unable to provide IPO financing for the Nykaa IPO, our clients would have approached other financiers who were ready and willing to provide IPO financing to our clients for this IPO."

The International Monetary Fund wants El Salvador to drop the highly volatile cryptocurrency Bitcoin as legal tender as the global monetary agency highlighted the risk to financial stability.&nbsp;El Salvador in September made the cryptocurrency&nbsp;a&nbsp;legal tender alongside the US dollar, making the 40-year-old President Nayib Bukele an icon among crypto enthusiasts.&nbsp;But the price of that popularity is immense risk as per the IMF&nbsp;that stated, &ldquo;The adoption of a cryptocurrency as legal tender, however, entails large risks for financial and market integrity, financial stability and consumer protection."&nbsp;El Salvador owns over 1800 Bitcoins last year and with the current drop in prices, the country's reserves are down by $20 million.&nbsp;El Salvador has&nbsp;sought a $1.3 billion IMF loan but the nod for it has not come as the debate on digital tokens continue.&nbsp;

Drop bitcoin as legal tender, IMF urges El Salvador

IMF stated, “The adoption of a cryptocurrency as legal tender, however, entails large risks for financial and market integrity, financial stability and consumer protection." 

<div class="abstract-item-text__d2d4dde8">
El Salvador President Nayib Bukele led the push to adopt Bitcoin as legal tender alongside the US dollar, the first country to do so in June
</div>

The International Monetary Fund wants El Salvador to drop the highly volatile cryptocurrency Bitcoin as legal tender as the global monetary agency highlighted the risk to financial stability.&nbsp;El Salvador in September made the cryptocurrency&nbsp;a&nbsp;legal tender alongside the US dollar, making the 40-year-old President Nayib Bukele an icon among crypto enthusiasts.&nbsp; But the price of that popularity is immense risk as per the IMF&nbsp;that stated, &ldquo;The adoption of a cryptocurrency as legal tender, however, entails large risks for financial and market integrity, financial stability and consumer protection."&nbsp; El Salvador owns over 1800 Bitcoins last year and with the current drop in prices, the country's reserves are down by $20 million.&nbsp;El Salvador has&nbsp;sought a $1.3 billion IMF loan but the nod for it has not come as the debate on digital tokens continue.&nbsp;

Terms like hybrid and remote work have become buzzwords, but it is far more important for the future of work to be 'trauma-informed.'

Future of work? It’s not remote or hybrid but ‘trauma-informed.’ Here’s why

Terms like 'hybrid' and 'remote work' have become buzzwords, but it is far more important for the future of work to be 'trauma-informed.' Here's why 

'Hybrid' &amp; 'remote' work...
Will giving everyone a week off...
'Time off' may not be enough to repair one's psychological health
Benefits of vacation wear off within days of returning to work
High personal stress levels lead to...
Time to create a&nbsp;&lsquo;trauma-informed&rsquo; workplace&nbsp;
Trauma training is standard practice for first-respondents
TikTok&nbsp;moderator...
7 in 10 employees report...
Learn from&nbsp;trauma-informed organisations and leadership
Prioritise &amp; promote...&nbsp;

Terms like hybrid and remote work&nbsp;have&nbsp;become buzzwords, but it is far more important for the future of work to be 'trauma-informed.'

Ever since the beginning of the pandemic, there&rsquo;s been so much discussion about the future of work that terms like 'hybrid' and 'remote work' have&nbsp;basically become buzzwords.&nbsp;
<h3>Will giving everyone a week off fix everything?&nbsp;&nbsp;</h3>
But&nbsp;it seems like we may be focussing on the wrong problem altogether!&nbsp;While it&rsquo;s true that remote or hybrid working models have their merits,&nbsp;giving a week off to your team to &lsquo;rest and recharge&rsquo; may not be enough to manage the psychological difficulties caused by the crisis.&nbsp;
SEE MORE&nbsp;<a href="https://www.editorji.com/business-news/pay-me-less-but-don-t-call-me-back-to-work-the-return-to-office-vs-wfh-struggle-1628233275805">Pay me less, but don't call me back to work! The return to office vs WFH struggle</a>
Research has shown that for more than two-thirds of participants, the benefits of vacation wear off in just a couple&nbsp;of days after returning to work. As we face a constant cycle of bad news on all fronts, high-personal&nbsp;stress&nbsp;levels result in angry e-mails and messages, poor collaboration and reduced&nbsp;productivity&nbsp;at work.
<h3>The need for a trauma-informed workplace&nbsp;</h3>
To combat this,&nbsp;employers need to&nbsp;create&nbsp;a &lsquo;trauma-informed&rsquo; work environment.&nbsp;Trauma training is standard practice&nbsp;for first-respondent&nbsp;professions but it might be time to extend this to all workers.&nbsp;&nbsp;
Just recently, a content moderator sued employer&nbsp;TikTok&nbsp;for &lsquo;severe psychological trauma&rsquo; on the job. This goes to show&nbsp;that our understanding of trauma needs to be broadened.&nbsp;&nbsp;
With&nbsp;7 in 10 employees reporting the pandemic to be the most stressful time of their entire professional career (Ginger Workforce Attitudes Report 2020),&nbsp;organisations can thrive only by learning from the models of trauma-informed organizations and trauma-informed leadership used in care professions.&nbsp;&nbsp;
Both leaderships and individual workers need to prioritise and promote inclusive behaviours, trust and transparency, peer support, collaboration, empowerment&nbsp;of&nbsp;choice&nbsp;and diversity awareness as part of the company culture.
SEE MORE&nbsp;<a href="https://www.editorji.com/lifestyle-news/felt-unproductive-yet-overworked-during-the-pandemic-you-re-not-alone-1631862699283">Felt unproductive yet overworked during the pandemic? You&rsquo;re not alone!</a>

After returning as IPL's title sponsor in the last edition, Vivo is set to transfer the rights of the cash-rich league to TATA.
According to a report in Cricbuzz, the decision was taken at the Governing Council meeting of the IPL on Tuesday. The Chinese smartphone giants have a couple of years left in their sponsorship deal with the league and during this period, Tata will remain the main sponsor. The league will now be called Tata IPL. The BCCI will continue to earn the same fee for the title rights, an official who attended the meeting told Cricbuzz. 
Vivo had bagged the title rights at a cost of ₹440 crore a year in 2018. However, after backlash due to political tensions with China, Vivo had paused the deal for a year in 2020 and the rights were transferred to Dream 11.
Also read: 

Vivo to pull out as IPL title sponsor, to transfer the rights to Tata Group: reports

After returning as IPL's title sponsor in the last edition, Vivo is set to transfer the rights of the cash-rich league to Tata Group

After returning as IPL's title sponsor in the last edition, Vivo&nbsp;is set to transfer the rights of the cash-rich league to Tata&nbsp;Group.
According to a report in Cricbuzz, the decision was taken at the Governing Council meeting of the IPL on Tuesday. The Chinese smartphone giants have&nbsp;a couple of years left in their sponsorship deal with the league and during this period, Tata&nbsp;Group will remain the main sponsor. The league will now be called Tata IPL.&nbsp;The BCCI will continue to earn the same fee for the title rights, an official who attended the meeting told Cricbuzz.&nbsp;
Vivo had bagged the title rights at a cost of ₹440 crore a year in 2018. However, after backlash due to political tensions with China, Vivo&nbsp;had paused the deal for a year in 2020 and&nbsp;the rights were transferred to Dream 11.
Also read:&nbsp;

After returning as IPL's title sponsor in the last edition, Vivo&nbsp;is set to transfer the rights of the cash-rich league to TATA&nbsp;Group

After returning as IPL's title sponsor in the last edition, Vivo&nbsp;is set to transfer the rights of the cash-rich league to Tata&nbsp;Group.
According to a report in Cricbuzz, the decision was taken at the Governing Council meeting of the IPL on Tuesday. The Chinese smartphone giants have&nbsp;a couple of years left in their sponsorship deal with the league and during this period, Tata&nbsp;Group will remain the main sponsor. The league will now be called Tata IPL.&nbsp;The BCCI will continue to earn the same fee for the title rights, an official who attended the meeting told Cricbuzz.&nbsp;
Vivo had bagged the title rights at a cost of ₹440 crore a year in 2018. However, after backlash due to political tensions with China, Vivo&nbsp;had paused the deal for a year in 2020 and&nbsp;the rights were transferred to Dream 11.
Also read:&nbsp;<a href="https://www.editorji.com/sports-news/cricket/south-african-all-rounder-chris-morris-announces-retirement-from-all-forms-of-cricket-1641898312273" target="_blank">South African all-rounder Chris Morris announces retirement from all forms of cricket</a>

Adani Wilmar, the joint venture between Adani Group and Wilmar Group and also the parent company of the famous oil brand Fortune, is opening its public offer from today.

Adani Wilmar IPO: Fortune oil parent Adani Wilmar's IPO opens today; should you subscribe?

Fortune Oil parent company and the joint venture of Adani Group and Wilmar Group, Adani Wilmar is going to open its IPO on January 27.

Adani Wilmar IPO

Adani Wilmar is&nbsp;an FMCG food company offering most of the essential kitchen commodities

Adani Wilmar&nbsp;IPO:&nbsp;Adani&nbsp;Wilmar, the joint venture between Adani&nbsp;Group and Wilmar&nbsp;Group and also the parent company of the famous oil brand Fortune, is opening its public offer from today, i.e January 27.
Adani Wilmar is&nbsp;an FMCG food company offering most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar.
<h3><a href="https://www.editorji.com/business-news/markets/fortune-oil-parent-adani-wilmar-to-open-ipo-on-jan-27-1642742238804" target="_blank">Adani Wilmar&nbsp;IPO</a>&nbsp;Details:-</h3>
<ul>
<li>IPO&nbsp;Dates: Jan 27 to 31</li>
<li>IPO&nbsp;Price: Rs 218 to 230</li>
<li>Market Lot: 65 shares</li>
<li>Issue Size: Rs 3,600 crore</li>
<li>GMP: Rs 50 (21%)</li>
<li>Min Investment: Rs 14,950</li>
</ul>
The expected date for the listing of the shares of&nbsp;Adani Wilmar&nbsp;is&nbsp;February 8. The company will utilise the proceeds from the IPO for funding capital expenditure; repayment/prepayment of borrowings; funding strategic acquisitions and investments; and for general corporate purposes.
Among the competitive strengths are its strong brand recall value, large distribution network, and strong business networks to source raw material.

Business

Filmmaker Suneel Darshan, famed for films like 'Inteqam' and 'Andaaz,' has filed a FIR against Google, its CEO, Sundar Pichai, and numerous other Google workers, alleging copyright violations of his 2017 directorial 'Ek Haseena Thi Ek Deewana Tha' on YouTube
In complaint, Darshan said he has not sold the rights to his movie, ‘Ek Haseena Thi Ek Deewana Tha’ to anyone, but it has got millions of views on YouTube.
Darshan clarified that it was only after his repeated requests went unanswered that he had to seek legal help. "Their actions and replies indicate they are well-versed in deflecting queries from my end," he said.
The search engine giant said in its reaction that it has a set mechanism which copyright owners can use to protect their content on platforms such as YouTube.

FIR against Google CEO Sundar Pichai, five others; here’s why 

Google CEO, others face FIR in Mumbai over ‘unauthorised’ uploading of film on YouTube



''Despite the fact that he did not upload the film anywhere or sell it to anyone, it is being profited from by many YouTube channels, and that Google has refused to remove the film from those channels''

Filmmaker Suneel Darshan, famed for films like 'Inteqam' and 'Andaaz,' has filed a FIR against Google, its CEO, Sundar Pichai, and numerous other Google workers, alleging copyright violations of his 2017 directorial 'Ek Haseena Thi Ek Deewana Tha' on YouTube Also watch:&nbsp;<a title="Fed fuels fear, Markets collapse worldwide - Nifty cracks &amp; Sensex sinks 1000 points" href="https://www.editorji.com/business-news/markets/fed-fuels-fear-markets-collapse-worldwide-nifty-cracks-sensex-sinks-1000-points-1643256492901">Fed fuels fear, Markets collapse worldwide - Nifty cracks &amp; Sensex sinks 1000 points</a>
In complaint,&nbsp;Darshan said he has not sold the rights to his movie, &lsquo;Ek Haseena Thi Ek Deewana Tha&rsquo; to anyone, but it has got millions of views on YouTube.
Darshan clarified that it was only after his repeated requests went unanswered that he had to seek legal help. "Their actions and replies indicate they are well-versed in deflecting queries from my end," he said.
The search engine giant said in its reaction that it has a set mechanism which copyright owners can use to protect their content on platforms such as YouTube.

Fed Chairman Jerome Powell delivered what's thought to be the most hawkish press conference since his 2018 "autopilot" debacle. 4 rates hikes and more , with a possibility of a 50 bps hike on the table has rattled global markets and investors are fleeing for cover. 

Fed fuels fear, Markets collapse worldwide - Nifty & Sensex sink

4 rates hikes and more , with a possibility of a 50 bps hike on the table has rattled global markets and investors are fleeing for cover. 

EJ Explains: The Fed fear , why the rate hike is making the markets nervous

Fed&rsquo;s post-meeting statement did not provide a specific time for when the hike would come, indications suggest it could happen as soon as at its March meeting.

Fed Chairman Jerome Powell delivered what's thought to be the most hawkish press conference since his 2018 "autopilot" debacle. 4 rates hikes and more , with a possibility of a 50 bps hike on the table has rattled global markets and investors are fleeing for cover.&nbsp;
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/markets/us-federal-reserve-points-to-interest-rate-hike-coming-in-march-and-many-more-ahead-1643248683454" target="_blank">Watch what the Fed chief said, that has the markets collapsing 1000 points</a> Sensex and Nifty also dropped after a 1-day holiday in line with the deep cuts in global markets.&nbsp;Asian stocks dropped by the most in over a month led by technology stocks.&nbsp; The fed did not rule out raising rates at every FOMC meeting certainly seemed to have surprised the street, with seven more meetings to go for the rest of the year.&nbsp;

If you were watching the geopolitical tension between Russia and Ukraine play out and wondered why you should bother, you may want to pay attention to your petrol bill. 
Brent crude futures, the international oil benchmark, topped $90 on Wednesday for the first time since 2014, adding to oil’s blistering recovery since its pandemic-era lows in April 2020.
The threshold breakthrough comes amid growing geopolitical tensions between Russia and Ukraine, and as supply remains tight amid a rebound in demand.Barclays noted that while prices may be reacting to a “geopolitical premium,” and the underlying fundamentals are fueling the push higher.Earlier this month, Goldman Sachs said that Brent can reach $100 per barrel by the third quarter, adding to a number of Wall Street firms calling for triple-digit oil.Petrol prices in India have been unchanged for 83 days but experts anticipate a cumulative hike of Rs 2-3/litre as the prices keep heading higher internationally. 
 

Oil tops $90 for the first time since 2014, Get set for petrol price hikes again

Petrol prices in India have been unchanged for 83 days but experts anticipate a cumulative hike of Rs 2-3/litre as the prices keep heading higher internationally. 

Putin, Petrol & Prices, how the Russia Ukraine fight may effect you

Oil prices hit seven-year highs on worries that supplies could tighten due to Ukraine-Russia tensions.

If you were watching the geopolitical tension between Russia and Ukraine play out and wondered why you should bother, you may want to pay attention to your petrol bill.&nbsp;
Brent crude futures, the international oil benchmark, topped $90 on Wednesday for the first time since 2014, adding to oil&rsquo;s blistering recovery since its pandemic-era lows in April 2020.
The threshold breakthrough comes amid growing geopolitical tensions between Russia and Ukraine, and as supply remains tight amid a rebound in demand. Barclays noted that while prices may be reacting to a &ldquo;geopolitical premium,&rdquo; and the underlying fundamentals are fueling the push higher. Earlier this month, Goldman Sachs said that Brent can reach $100 per barrel by the third quarter, adding to a number of Wall Street firms calling for triple-digit oil. Petrol prices in India have been unchanged for 83 days but experts anticipate a cumulative hike of Rs 2-3/litre as the prices keep heading higher internationally.&nbsp;
&nbsp;

Rahul Gandhi is reaching out to the Indo-American CEO of Twitter, Parag Agarwal urging him to "not allow Twitter to become a pawn in the destruction of the idea of India". WSJ reports that the senior Congress leader's letter dated December 27 states, “I want to bring your attention to what I believe is Twitter’s unwitting complicity in curbing free and fair speech in India.”  Gandhi then goes on to include an analysis of data from his Twitter account showcasing how his follower growth has halted post his Twitter curb in August. The WSJ claims to have independently verified the claim using two social media analytics companies Emplifi and Social Blade. The analysis shows that he gained on an average nearly four lakh new users per month from January to July 2021. This figure sharply dipped post the suspension. From September to December, the data shows, that per month he has gained less than 2,500 followers.In the letter the Former Congress President alleges "I have been reliably, albeit discreetly, informed by people at Twitter India that they are under immense pressure by the government to silence my voice. My account was even blocked for a few days for no legitimate reason. There were many other Twitter handles, including Government ones, which had tweeted similar photos of the same people. None of those accounts were blocked. My account was singularly targeted," he added.

Rahul Gandhi's appeal to Twitter CEO, find out why he wrote him a letter

Rahul Gandhi is reaching out to the Indo-American CEO of Twitter, Parag Agarwal urging him to "not allow Twitter to become a pawn in the destruction of the idea of India". 

Rahul&nbsp;Gandhi writes to Twitter CEO&nbsp;Parag&nbsp;Agrawal
'Don't allow Twitter to become a pawn in the destruction of idea of India'
Twitter's&nbsp;unwitting complicity in curbing free speech in India: Rahul&nbsp;
Rahul's letter includes analysis of his account post Twitter&nbsp;curb
Drastic dip in Rahul's followers post suspension, shows analysis

Rahul writes on free speech concerns to Twitter CEO

Rahul&nbsp;Gandhi is reaching out to the&nbsp;Indo-American CEO of Twitter, Parag&nbsp;Agrawal&nbsp;urging him to "not allow Twitter to become a pawn in the destruction of the idea of India".&nbsp; WSJ reports that the senior Congress leader's&nbsp;letter dated December 27 states,&nbsp;&ldquo;I want to bring your attention to what I believe is Twitter&rsquo;s unwitting complicity in curbing free and fair speech in India.&rdquo;&nbsp; Gandhi then goes on to&nbsp;include an analysis of data from his Twitter account showcasing how his follower growth has halted post his Twitter curb in August.&nbsp;
Also Watch| <a href="https://www.editorji.com/india-news/follower-counts-can-and-do-fluctuate-twitter-on-rahul-gandhi-s-letter-on-shadow-ban-1643264759678" target="_blank">'Follower counts can and do fluctuate': Twitter on Rahul Gandhi's letter on 'shadow ban'</a> The&nbsp;WSJ&nbsp;claims to have independently verified the claim using two social media analytics companies Emplifi and Social Blade. The analysis shows that he gained on an average nearly four lakh new users per month from January to July 2021. This figure sharply dipped post the suspension. From September to December, the data shows, that per month he has gained less than 2,500 followers. In the letter the Former Congress President alleges&nbsp;"I have been reliably, albeit discreetly, informed by people at Twitter India that they are under immense pressure by the government to silence my voice. My account was even blocked for a few days for no legitimate reason. There were many other Twitter handles, including Government ones, which had tweeted similar photos of the same people. None of those accounts were blocked. My account was singularly targeted," he added.

Federal Reserve not only confirmed that the globe should brace for rate hikes come March but also opened the door to faster rate hikes as the US central bank battles with inflation at a 40 year high. Fed Chairman Jerome Powell sounding extremely hawkish said asset purchases also are likely to halt in March, and the central bank released a paper outlining principles to start “significantly reducing” the bond holdings on its balance sheet without indicating a specific time frame.A rate hike would be the central bank’s first since 2018, with many analysts forecasting a quarter-point increase in March to be followed by three more this year and additional moves beyond.

US Federal Reserve points to interest rate hike coming in March

Federal Reserve not only confirmed that the globe should brace for rate hikes come March but also opened the door to faster rate hikes as the US central bank battles with inflation at a 40 year high. 

Fed rate hikes are coming and there will be more than accounted for

Federal Reserve not only confirmed that the globe should brace for rate hikes come March but also opened the door to faster rate hikes as the US central bank battles with inflation at a 40 year high.&nbsp;
 Fed rate hike coming, expect the first in March Bytes&nbsp; The Fed Chief delivers hawkish commentary&nbsp; Fed: increase in this rate would soon be appropriate.
1. SOUNDBITE (English) Jerome Powell, Federal Reserve Chairman:
"At the Federal Reserve, we are strongly committed to achieving the monetary policy goals that Congress has given us - maximum employment and price stability. Today in support of these goals, the Federal Open Market Committee kept its policy interest rate near zero and stated its expectation that an increase in this rate would soon be appropriate. The committee also agreed to continue reducing its net asset purchases on the schedule we announced in December, bringing bringing them to an end in early March. As I will explain, against a backdrop of elevated inflation and a strong labor market, our policy has been adapting to the evolving economic environment and it will continue to do so + Fed worries, inflation at 40 year high&nbsp; Fed highlights supply bottleneck concerns&nbsp;
4. SOUNDBITE (English) Jerome Powell, Federal Reserve Chairman:
"Inflation remains well above our longer run goal of two percent. Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation. In particular, bottlenecks and supply constraints are limiting how quickly production can respond to higher demand in the near term. These problems have been larger and longer lasting than anticipated, exacerbated by waves of the virus." +&nbsp; Fed indicates more than 4 rates hikes this year&nbsp;
7. SOUNDBITE (English) Jerome Powell, Federal Reserve Chairman:
"Of course, the economic outlook remains highly uncertain, making appropriate monetary policy in this environment requires humility, recognizing that the economy evolves in unexpected ways. We will need to be nimble so that we can respond to the full range of plausible outcomes. With this in mind, we will remain attentive to risks, including the risk that high inflation is more persistent than expected and are prepared to respond as appropriate to achieve our goals +&nbsp; Fed to start trimming $9 trillion balance sheet&nbsp; Bye bye easy money era, Fed to start pulling out liquidity&nbsp;
8. SOUNDBITE (English) Jerome Powell, Federal Reserve Chairman:
"Today, the committee issued a set of principles that will provide a foundation for our future decisions. These high level principles clarify that the federal funds rate is our primary means of adjusting monetary policy and that reducing our balance sheet will occur after the process of raising interest rates has begun. Reductions will occur over time in a predictable manner, primarily through adjustments to investments so that securities roll off our balance sheet. Over time, we intend to hold securities in the amounts needed for our ample reserves operating framework and in the longer run, we envision holding primarily Treasury securities."

Fed also said it would phase out its monthly bond purchases, which have been intended to lower longer-term rates, in March.

Federal Reserve not only confirmed that the globe should brace for rate hikes come March but also opened the door to faster rate hikes as the US central bank battles with inflation at a 40 year high.&nbsp;
Also&nbsp;read/watch | <a href="https://www.editorji.com/business-news/markets/fed-fuels-fear-markets-collapse-worldwide-nifty-cracks-sensex-sinks-1000-points-1643256492901" target="_blank">Markets collapse worldwide - Nifty cracks &amp; Sensex sinks 1000 points</a> Fed Chairman Jerome Powell sounding extremely hawkish&nbsp;said asset purchases also are likely to halt in March, and the central bank released a paper outlining principles to start &ldquo;significantly reducing&rdquo; the bond holdings on its balance sheet without indicating a specific time frame. A rate hike would be the central bank&rsquo;s first since 2018, with many analysts forecasting a quarter-point increase in March to be followed by three more this year and additional moves beyond.

After nearly seven decades, Air India returns to the hangar of it's original pilot - The Tata Group. The airline was founded by J.R.D. as Tata Airlines in 1932, with a capital of Rs 2 lakh given by a reluctant Sir Dorabji Tata, the then chairman of Tata Sons. The initial service offered a weekly airmail service between Karachi and Madras via Ahmedabad and Bombay.
In 1946, the aviation division of Tata Sons was listed as Air India and in 1948, Air India International was launched with flights to Europe.
Post-independence in 1948, the Indian government bought a 49 percent stake in the airline to finally acquire the airline from J.R.D. Tata in 1953.
J.R.D however continued to be at the helm for Air India till 1977 accepting only Re 1 a year as salary.
And as the current Chairman (Emeritus) of the salt-to-software conglomerate Ratan Tata had tweeted when Tata Group won the bid, It would have overjoyed the original pilot of the airline, JRD Tata to know that Air India is back home.

The Maharaja returns home; Tata's takeover Air India today

The airline was founded by J.R.D. as Tata Airlines in 1932, with a capital of Rs 2 lakh given by a reluctant Sir Dorabji Tata, the then chairman of Tata Sons. The initial service offered a weekly airmail service between Karachi and Madras via Ahmedabad and Bombay.

As a part of the deal, the Tata group will also be handed over Air India Express and a 50 percent stake in ground handling arm Air India SATS.

After nearly seven decades, Air India returns to the hangar of it's original pilot - The Tata&nbsp;Group.&nbsp; The airline was founded by J.R.D. as Tata Airlines in 1932, with a capital of Rs 2 lakh given by a reluctant Sir Dorabji Tata, the then chairman of Tata Sons. The initial service offered a weekly airmail service between Karachi and Madras via Ahmedabad and Bombay. Also watch|&nbsp;<a title="Fortune oil parent Adani Wilmar's IPO opens today; should you subscribe?" href="https://www.editorji.com/business-news/fortune-oil-parent-adani-wilmar-s-ipo-opens-today-should-you-subscribe-1643253394097">Fortune oil parent Adani Wilmar's IPO opens today; should you subscribe?</a>
In 1946, the aviation division of Tata Sons was listed as Air India and in 1948, Air India International was launched with flights to Europe.
Post-independence in 1948, the Indian government bought a 49 percent stake in the airline to finally acquire the airline from J.R.D. Tata in 1953.
J.R.D however continued to be at the helm for Air India till 1977 accepting only Re 1 a year as salary.
And as the current Chairman (Emeritus) of the salt-to-software conglomerate Ratan&nbsp;Tata&nbsp;had tweeted when Tata&nbsp;Group won the bid, It would have overjoyed the original pilot of the airline, JRD Tata to know that Air India is back home.

Cryptocurrencies may soon start attracting a tax rate of 35% to 42% as the government could decide to treat its profit as business income.
As per a report in the ET, the government is looking to fine-tune the definition of income and gains from crypto assets in the upcoming budget.
Also read/watch: Budget 2022: Will the FM build in sops for the real estate sector
Apart from that, the government could also bring in goods and services tax on cryptocurrencies, the report mentioned. This means the government will slap an 18% GST on trade and this amount would be paid by an individual who is buying any cryptocurrency.
Currently, there is no preparation for the bill, the government is waiting for the US policies to take shape which are expected in the next 2-3 months. India may only decide its way forward after that, as per the report.
Also read/watch | Budget 2022: Work from home expense relief; buzz of standard deduction to be doubled

Budget 2022: Tax on cryptocurrencies, its definition and more

Tax on crypto could be as high as 42%, along with an 18% GST on each trade.

Cryptocurrency tax

The government is waiting for the US policies on crypto to take shape which are expected in the next 2-3 months.

Cryptocurrencies may soon start attracting a tax rate of 35% to 42% as the government could decide to treat its profit as business income.
As per a report in the ET, the government is looking to fine-tune the definition of income and gains from crypto assets in the upcoming budget.
Also read/watch:<a href="https://www.editorji.com/business-news/budget/budget-2022-will-the-fm-build-in-sops-for-the-real-estate-sector-1642060449044" target="_blank">&nbsp;Budget 2022: Will the FM build in sops for the real estate sector</a>
Apart from that, the government could also bring in goods and services tax on cryptocurrencies, the report mentioned. This means the government will slap an 18% GST on trade and this amount would be paid by an individual who is buying any cryptocurrency.
Currently, there is no preparation for the bill, the government is waiting for the US policies to take shape which are expected in the next 2-3 months. India may only decide its way forward after that, as per the report.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/budget/budget-2022-work-from-home-expense-relief-standard-deduction-to-be-doubled-1641970970240" target="_blank">Budget 2022: Work from home expense relief; buzz of standard deduction to be doubled</a>

Budget 2022

Union Budget 2022: What to expect from Budget, demand for a hike in PPF (public provident fund) has come from ICAI from current 1.5 lakh to 3 lakh

Budget 2022-23: Will the Public Provident Fund(PPF) contribution limit be doubled?

The association of Chartered Accountants has suggested the annual limit for contribution to PPF be increased to Rs 3 lakhs from the present ceiling of Rs 1.5 lakhs

Budget 2022: Will the PPF limit be doubled?

The government is scheduled to present the Budget 2022-23 on February 1

Budget 2022 countdown has begun and so have the demands and expectations.&nbsp;The Institute of Chartered Accountants of India has written to the Ministry of Finance looking for big hike in the limit of Public Provident Fund(PPF). The association of Chartered Accountants has suggested the annual limit for contribution to PPF be increased to Rs 3 lakhs from the present ceiling of Rs 1.5 lakhs. The institute believes PPF&nbsp;is the only safe and tax efficient&nbsp;saving option&nbsp;available for self-employed assessees.&nbsp; Managed by the Central Government, <a href="https://www.editorji.com/story/ppf-small-saving-schemes-to-yield-up-to-1-4-less-1585719519096" target="_blank">PPF or Public Provident Fund</a> is one of the most popular saving schemes among Indian households as both the money in the PPF account and the returns it generates are guaranteed.The PPF scheme offers an attractive interest rate of 7.1% and since it comes under the Exempt-Exempt-Exempt (EEE) category of tax policy the principal amount, the maturity amount, as well as the interest earned is exempt from taxes.
<a href="https://www.editorji.com/business-news/economy/budget-2022-the-first-step-to-the-countdown-begins-with-gdp-today-1641522767932" target="_blank">Budget 2022: The first step to the countdown begins with GDP today</a>

Budget 2022 Income Tax slabs: Indian taxpayers could expect some relaxation from Finance Minister Nirmala Sitharaman in the upcoming Union Budget...

Budget 2022: Income Tax slabs and rate, will there be a relief?

The tax rate on the highest slab, which is 30% at present, could be cut down to 25%. Not just that, the threshold limit for the highest tax rate could also be increased to Rs 20 lakh from the current Rs 10 lakh. 

Tax slabs and rate, will there be a relief?

'The move is needed to bring parity in the personal income tax with the corporate tax rate that was reduced in 2019.'

Indian taxpayers could expect some relaxation&nbsp;from Finance Minister&nbsp;Nirmala&nbsp;Sitharaman&nbsp;in the upcoming Union Budget.
<a href="https://www.editorji.com/business-news/budget/budget-2022-will-the-fm-build-in-sops-for-the-real-estate-sector-1642060449044" target="_blank">Budget 2022: Expectations of the real estate sector</a>
<h3>What's lined up for the taxpayers?</h3>
Word on the street is that the tax rate on the highest slab, which is 30% at present, could be cut down to 25%.&nbsp;Not just that, the threshold limit for the highest tax rate could also be increased to Rs 20 lakh&nbsp;from the current Rs 10 lakh.&nbsp;
<h3>Why should we expect income tax relief?</h3>
Deloitte&nbsp;India in a Pre-Budget Expectation report said that it&nbsp;believes&nbsp;the move is needed to bring parity in the personal income tax with the corporate tax rate that was reduced in 2019.
Deloitte has also called for additional deductions to the tune of Rs 50,000 for expenses incurred by the employees during work from home.&nbsp;
Also read/watch |<a href="https://www.editorji.com/business-news/budget/budget-2022-work-from-home-expense-relief-standard-deduction-to-be-doubled-1641970970240" target="_blank"> Budget 2022: Work from home expense relief; standard deduction to be doubled</a>

The oscars may ask "Who are you wearing" but when it comes to 'red carpet' of the parliament it is about what you are carrying on the budget day. The word budget comes from the old French word bougette meaning "small leather purse" so it is no surprise that the piece of luggage steals the spotlight every year. But each finance minister has had a different style statement, we take a look back at the brief history of the budget briefcase.The suitcase with a monogram has colonial roots embossed, called the Gladstone Box after William E Gladstone who in 1860 started the annual custom of the Chancellor of the Exchequer holding up a red box to the press in Downing Street to symbolise the new budget of the UK government. Over the years we have seen different finance ministers dawn different styles, handpicking their 'handbags'. India's first finance minister RK Shanmukham Chetty carried a leather portfolio to present the first Budget in 1947As the finance minister, Manmohan Singh, who delivered the iconic 1991 economic liberalisation proposals, carried a black bag.In 1998-99, then finance minister Yashwant Sinha used a black coloured leather bag with straps and buckle.Pranab Mukherjee, as Prime Minister Manmohan Singh's finance minister, used a red briefcase similar to the Gladstone case of Britain.Pranab da passed on the baton of the briefcase to the 9 time presenter P Chidambaram who accessorised with the same look though using a softer leather.  The Late Arun Jaitley used three different briefcases in his three budgets though the style matched the traditional budget carrier. In 2019, Nirmala Sitharaman shed the 'colonial' briefcase to carry a red folder, a bahikhata,with the National Emblem wrapped with a ribbon.And with the promise of going completely paperless this year, the question what will the the digital bahikhata hold for this budget?

Budget 2022: From famous budget briefcases to the digital bahikhata

From the briefcase to the digital bahikhata! A brief history of the budget briefcase, the most talked about accessory in the financial world. 

A brief history of the famous budget briefcases to the digital bahikhata

The suitcase with a monogram has colonial roots embossed, called the&nbsp;Gladstone Box after William E Gladstone

The oscars may ask "Who are you wearing" but when it comes to 'red carpet' of the parliament it is about what you are carrying on the budget day.&nbsp; The word budget comes from&nbsp;the old French word bougette meaning "small leather purse" so it is no surprise that the piece of luggage steals the spotlight every year.&nbsp; Also read and watch|&nbsp;<a title="Dear FM, a taxpayer's expectations and hopes from this budget" href="https://www.editorji.com/business-news/budget/dear-fm-a-taxpayer-s-expectations-and-hopes-from-this-budget-1642736193401">Dear FM, a taxpayer's expectations and hopes from this budget</a> But each finance minister has had a different style statement, we take a look back at the brief history of the budget briefcase. The suitcase with a monogram has colonial roots embossed, called the&nbsp;Gladstone Box after William E Gladstone who in 1860 started the annual custom of the Chancellor of the Exchequer holding up a red box to the press in Downing Street to symbolise the new budget of the UK government.&nbsp; Over the years we have seen different finance ministers dawn different styles, handpicking their 'handbags'.&nbsp; India's first finance minister RK Shanmukham Chetty carried a leather portfolio to present the first Budget in 1947 As the finance minister, Manmohan Singh, who delivered the iconic 1991 economic liberalisation proposals, carried a black bag. In 1998-99, then finance minister Yashwant Sinha used a black coloured leather bag with straps and buckle. Pranab Mukherjee, as Prime Minister Manmohan Singh's finance minister, used a red briefcase similar to the Gladstone case of Britain. Pranab&nbsp;da passed on the baton of the briefcase to the 9 time presenter P&nbsp;Chidambaram&nbsp;who accessorised&nbsp;with the same look though using a softer leather.&nbsp;&nbsp; The Late&nbsp;Arun Jaitley used three different briefcases in his three budgets though the style matched the traditional budget carrier.&nbsp; In 2019, Nirmala Sitharaman&nbsp;shed the 'colonial' briefcase to carry a red folder, a bahikhata,with the National Emblem wrapped with a ribbon. And with the promise of going completely paperless this year, the big question remains, will the digital bahikhata&nbsp;be able to balance a billion expectations?&nbsp;

Budget 2022 countdown has begun with the Govt releasing the first advance estimate for growth for the current year. The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21. The rise in economic growth is lower than the 9.5 per cent growth estimated by the Reserve Bank of India (RBI) and presumably accounts for the possible hit in Jan-March to growth due to the spread of Omicron
Advance estimates are released to provide the numbers to the finance ministry to work on the Budget for the next financial year.The Budget takes the nominal GDP announced by NSO and then assumes a growth rate for FY23; taxes are also worked out on the basis of nominal GDP growth.

Budget Countdown: Govt estimates current year GDP growth at 9.2%

Budget 2022 countdown has begun with the Govt releasing the first advance estimate for growth for the current year. The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21. 

India expected to see 9.2% growth this financial year

<ul>
<li>Govt releases first advance estimate for GDP growth for FY'22</li>
<li>Growth for April-March 2022 seen at 9.2%&nbsp;</li>
<li>NSO growth estimate lower than RBI forecast of 9.5%</li>
<li>Experts anticipate mild hit to growth due to Omicron in Q4</li>
<li>NSO&nbsp;estimates used by Fin Min for Budget projections&nbsp;</li>
</ul>

The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21.

Budget 2022 countdown has begun with the Govt releasing the first advance estimate for growth for the current year.&nbsp;The growth in real GDP during 2021-22 is estimated at 9.2 per cent as compared to the contraction of 7.3 per cent in 2020-21.&nbsp; Also read and watch|&nbsp;<a title="Budget 2022: Will the PPF contribution limit be doubled?" href="https://www.editorji.com/business-news/budget/budget-2022-will-the-ppf-contribution-limit-be-doubled-1641528968826">Budget 2022: Will the PPF contribution limit be doubled?</a> The rise in economic growth is lower than the 9.5 per cent growth estimated by the Reserve Bank of India (RBI) and presumably accounts for the possible hit in Jan-March to growth due to the spread of Omicron
Advance estimates are released to provide the numbers to the finance ministry to work on the Budget for the next financial year. The Budget takes the nominal GDP announced by NSO and then assumes a growth rate for FY23; taxes are also worked out on the basis of nominal&nbsp;GDP growth.

Budget 2022 Expectations:: Real estate impacts over 200 sectors, generates employment and demand in the economy.

Union Budget 2022: Expectations of the real estate sector

Interest subsidy, tax rebates, and redefining affordable housing are what experts ask for in the upcoming budget 2022.

Real estate boost in Budget

Budget 2022: Real estate impacts over 200 sectors, generates employment and demand in the economy.

Budget 2022 Expectations: Real Estate is the second largest employer in the country after agriculture, infact&nbsp;realty contributes nearly 8% to the total GDP,&nbsp;making it a crucial pawn in the economic recovery for the country.&nbsp; Relaxation in taxes and waivers or reductions on <a href="https://www.editorji.com/business-news/economy/gst-hike-from-january-1-traders-body-to-state-govts-request-rethink-of-death-knell-move-1640666521747" target="_blank">GST</a>, a change in the definition of affordable housing are among other expectations from the upcoming union budget.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/budget-2022-tax-slabs-and-rate-will-there-be-a-relief-1641969627694" target="_blank">Budget 2022: Tax slabs and rate, will there be a relief?</a>
<h3>Here is what the industry is hoping and asking for:</h3>
1.&nbsp;A hike in the Rs 2 lakh tax rebate on housing loan interest rates to at least INR 5 Lakh. Experts also ask for deductions for home loan principal repayment, over and above the existing 80C.
2. Definition of affordable housing should be changed.&nbsp;Affordable housing is a unit with carpet area up to 90 sq. m. in non-metropolitan cities and towns, and 60 sq. m. in major cities and valued up to Rs 45 lakh for both. Experts argue that while the size of units as per its definition is relatively appropriate, prices of units&nbsp;are not viable across most cities. For instance, a less than Rs 45 lakh budget is far too low for a city like Mumbai - it needs to be increased to at least Rs 85 lakh.
3.&nbsp;Industry chamber <a href="https://www.editorji.com/story/ficci-bats-for-lower-corporate-taxes-in-upcoming-budget-1548990335180" target="_blank">FICCI </a>has suggested the government to provide an interest subsidy of 3-4% on housing loans.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/budget/budget-2022-work-from-home-expense-relief-standard-deduction-to-be-doubled-1641970970240" target="_blank">Budget 2022: Work from home expense relief; buzz of standard deduction to be doubled</a>

As the budget 2022 is around the corner, tax experts suggest Finance Ministry should consider tax relief measures for salaried employees who work from home owing to increased employment related-costs.Why standard deduction may be increasedThe demand for a higher standard deduction limit comes at a time when household expenses have gone up as a result of inflation.
From electricity to medical expenses and more, taxpayers have seen a sharp jump in expenses.
Many experts agree that the government should look at increasing 30-35% standard deduction limit due to rising inflation and increased expenses due to Covid-19.
However, the standard deduction limit will only be applicable to eligible taxpayers who opt for the old income tax structure. The limit is not applicable in the case of the new tax regime.What is standard deduction?
As the name suggests, standard deduction allows deducting a certain amount from the gross salary such that the total taxable income comes down.
At present, Rs 50,000 standard deduction is allowed to these categories of taxpayers.
A standard deduction of Rs 40,000 was introduced in 2018 and was later enhanced to Rs 50,000 by Piyush Goyal in the interim budget in 2019.
 

Budget 2022: Standard Deduction may be doubled, here is what is expected

With less than a month to go for Budget 2022-23, salaried employees expect a hike in the standard deduction limit

Check how much they want: 

With less than a month to go for Budget 2022-23,&nbsp;salaried employees expect a hike in the standard deduction limit.
In view of the growing demand for changes in income tax, many industry bodies have already appealed to the government to provide some relief to taxpayers.
As taxpayers remain hopeful about some announcements in the upcoming budget, it has come to light that the government is holding discussions to increase the limit of standard deduction from the existing Rs 50,000.
According to reports, standard deduction limit available to salaried taxpayers and pensioners may be increased by 30-35 per cent in the upcoming budget
At present, Rs 50,000 standard deduction is allowed to these categories of taxpayers.
A standard deduction of Rs 40,000 was introduced in 2018 and was later enhanced to Rs 50,000 by Piyush Goyal in the interim budget in 2019.

Many experts agree that the government should look at increasing the standard deduction limit due to rising inflation and increased expenses due to Covid-19.

As the budget 2022 is&nbsp;around the corner, tax experts suggest Finance Ministry should consider tax relief measures for salaried employees who work from home owing to increased employment related-costs.
Deloitte&nbsp;India, in its Pre-Budget Expectations 2022,&nbsp;recommended an additional &lsquo;work from home&rsquo; standard deduction of Rs 50,0000 for salaried employees.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/budget-2022-tax-slabs-and-rate-will-there-be-a-relief-1641969627694" target="_blank">Budget 2022: Tax slabs and rate, will there be a relief?</a> Why standard deduction may be increased The demand for a higher standard deduction limit comes at a time when household expenses have gone up as a result of inflation.
Taxpayers have seen a sharp jump in expenses related to electricity, work from home furniture, internet, additional&nbsp;medical expenses, and more.
Many experts agree that the government should look at increasing at least 30-35% standard deduction limit due to rising inflation and increased expenses due to Covid-19.
However, the standard deduction limit will only be applicable to eligible taxpayers who opt for the old income tax structure. The limit is not applicable in the case of the new tax regime. What is&nbsp;standard deduction?
As the name suggests, standard deduction allows deducting a certain amount from the gross salary such that the total taxable income comes down.
At present, Rs 50,000 standard deduction is allowed to these categories of taxpayers.
A standard deduction of Rs 40,000 was introduced in 2018 and was later enhanced to Rs 50,000 by Piyush Goyal in the interim budget in 2019.
&nbsp;

$100,000 a day = Rs 75,00,000 in a single day that's what social media influencer Kat Norton cashes in from just teaching Excel online Also nicknamed 'Miss Excel' Norton started this 'business' in June 2020 in the midst of the pandemic. She was able to scaled it within six months to six figures. She has a different approach to the tutorials where she tries to make it as  dynamic as possible, she even acts and portrays real situations that happen inside the office. Miss Excel already has a little over 660,000 followers on TikTok and half a million on Instagram.Norton started with the usual popular dance videos but the first hit tutorial in the excel came fourth in the playlist as she uploaded a how to video on Excel’s XLOOKUP feature and set to DMX’s “X Gon’ Give It To Ya”—which quickly accumulated 100,000 views.Kat gave up her day job as she got offers to create instructional videos. She was also honored by Microsoft as a Most Valuable Professional.But Miss Excel has a word of advise for those jumping on the 'influencer bandwagon' - the revenue share from the social platform is paltry. The main aim is to build a brand and follow through with a business, Norton's 90% income comes from course sales. Her “Excelerator” course—which comprises more than 100 videos—costs about $300 for a user. 

Meet the influencer who makes up to Rs 70 lakhs teaching Excel

$100,000 a day = Rs 75,00,000 in a single day that's what social media influencer Kat Norton cashes in from just teaching Excel online 

Meet Miss Excel! 

Kat Norton acts and portrays real situations that happen inside the office

'Miss Excel' Norton started this 'business' in&nbsp;June 2020 in the midst of the pandemic.

$100,000 a day = Rs 75,00,000 in a single day that's what social media influencer&nbsp;Kat Norton cashes in from just teaching Excel online&nbsp; Also nicknamed 'Miss Excel' Norton started this 'business' in&nbsp;June 2020 in the midst of the pandemic. She was able to&nbsp;scaled it within six months to six figures. She has a different approach to the tutorials&nbsp;where she tries to make it as&nbsp;&nbsp;dynamic as possible, she&nbsp;even acts and portrays real situations that happen inside the office. Miss Excel already has a little over 660,000 followers on TikTok and half a million on Instagram. Norton started with the usual popular dance videos but the first hit tutorial in the excel came fourth in the playlist as she uploaded a how to video on&nbsp;Excel&rsquo;s&nbsp;XLOOKUP&nbsp;feature and set to DMX&rsquo;s &ldquo;X Gon&rsquo; Give It To Ya&rdquo;&mdash;which quickly accumulated 100,000 views. Kat gave up her day job as she got offers to create&nbsp;instructional videos. She was also&nbsp;honored by Microsoft as a Most Valuable Professional.But Miss Excel has a word of advise for those jumping on the 'influencer&nbsp;bandwagon' - the revenue share&nbsp;from the social platform is paltry. The main aim is to build a brand and follow through with a business, Norton's 90% income comes from course sales. Her &ldquo;Excelerator&rdquo; course&mdash;which comprises more than 100 videos&mdash;costs about $300 for a user.&nbsp;

Personal Finance

If you thought playing with Lego was just a children's thing, a new study claims that you’re terribly wrong.  

Forget gold, stocks or art: Build your investments in Lego to get the best returns

Forget gold, stocks or art: start investing in Lego to get the best returns

If you thought being interested in Lego was a child's play,&nbsp;a new study claims that&nbsp;you would be terribly&nbsp;wrong.&nbsp;&nbsp;
Researchers from the&nbsp;Higher School of Economics in Russia say that investing in Lego sets will&nbsp;give you a better bang for your buck compared to gold, art or even wine. The prompt for their research&nbsp;is based on the fact&nbsp;that investing in &lsquo;more unusual goods whose purchase might seem less&nbsp;serious&rsquo;&nbsp;can give you lucrative&nbsp;gains.&nbsp;This includes&nbsp;Lego sets, Barbie dolls, superhero mini-figures, model cars and even toy trains.&nbsp;
Lego: Building an investment
Assessing the prices of 2,322 Lego sets spanning nearly 4 decades&nbsp;from 1987 to 2015, the team found that collectable toys are a massive investment opportunity&nbsp;where&nbsp;second-hand&nbsp;Lego&nbsp;rise in value by 11&nbsp;per cent every year.&nbsp; Look before you leap
If you&rsquo;re thinking of diverting your cash from stocks to toy sets, here&rsquo;s a word&nbsp;of&nbsp;caution. Publishing in the journal Research in International Business and Finance, the team explains that not all&nbsp;sets offer high returns. It will take a &lsquo;real Lego fan&rsquo; to sort of the nuances of the market.&nbsp;Some examples of valuable sets are the Millennium Falcon, Death Star II and Imperial Star Destroyer from Star Wars, and the Taj Mahal. So if you don't have the expertise to dive into the details then better stick with the 'regular' bets. Because this collection is no child's play.&nbsp;
SEE MORE&nbsp;Get paid to play with Legos at the new Legoland centre&nbsp;in California

If you thought playing with Lego was&nbsp;just a children's thing,&nbsp;a new study claims that&nbsp;you&rsquo;re terribly&nbsp;wrong.&nbsp;&nbsp;

If you thought being interested in Lego was a child's play,&nbsp;a new study claims that&nbsp;you would be terribly&nbsp;wrong.&nbsp;&nbsp;
Researchers from the&nbsp;Higher School of Economics in Russia say that investing in Lego sets will&nbsp;give you a better bang for your buck compared to gold, art or even wine.
The prompt for their research&nbsp;is based on the fact&nbsp;that investing in &lsquo;more unusual goods whose purchase might seem less&nbsp;serious&rsquo;&nbsp;can give you lucrative&nbsp;gains.&nbsp;This includes&nbsp;Lego sets, Barbie dolls, superhero mini-figures, model cars and even toy trains.&nbsp;
SEE MORE&nbsp;<a href="https://www.editorji.com/lego-bricks-may-survive-for-as-long-as-1300-years-in-the-ocean-1584427846471">LEGO bricks may survive for as long as 1300 years in the ocean!&nbsp;</a>
<h3>Lego: Building an investment</h3>
Assessing the prices of 2,322 Lego sets from 1987 to 2015, the team found that collectable toys are a massive investment opportunity&nbsp;where&nbsp;second-hand&nbsp;Lego&nbsp;rise in value by 11&nbsp;per cent annually.&nbsp;
<h3>Look before you leap</h3>
If you&rsquo;re thinking of diverting your cash from stocks to toy sets, here&rsquo;s a word&nbsp;of&nbsp;caution. Publishing in the journal <a href="https://www.sciencedirect.com/science/article/abs/pii/S0275531921001604?via%3Dihub">Research in International Business and Finance</a>, the team explains that not all&nbsp;sets offer high returns. It will take a &lsquo;real Lego fan&rsquo; to sort out the nuances of the market.&nbsp;Some examples of valuable sets are the Millennium Falcon, Death Star II and Imperial Star Destroyer from Star Wars, and the Taj Mahal.&nbsp;
So if you don't have the expertise to dive into the details then better stick with the 'regular' bets. Because this collection is no child's play.&nbsp;
SEE MORE&nbsp;<a href="https://www.editorji.com/get-paid-to-play-with-legos-at-the-new-legoland-center-in-california-1576151146473">Get paid to play with Legos at the new Legoland centre&nbsp;in California</a>

Pink Tax is not a tax but an extra amount charged on products and services designed for women.

Pink Tax: The extra price charged on products and services designed for women

Pink Tax is not a tax but an extra amount charged on products and services designed for women. This is the reason why everyday products like razors and shampoos for women cost more than those designed for men.&nbsp;&nbsp;

Pink Tax: The extra price you pay for being a woman!

Pink Tax: Did you know that some personal care products and services for women cost more than those for men? If not, then have we got some news for you! Commonly referred to as Pink Tax, it is an extra amount charged on products designed for and targeted specifically towards women even when its equivalent for men costs much less. This concept of gender-based pricing is now so deeply entrenched in the system, that it often gets overlooked by the majority of consumers.&nbsp;
Packaged in hues of pink and purple, &ldquo;female&rdquo; products cannot be hard to miss on the shelves of your regular grocery store. Fragrances like "Sweet Pea" and "Cherry Blossom" combined with glittery packaging often make us turn a blind eye towards the "rugged" blue-black packaging of products marketed towards men. But, is it truly worth the extra cost you end up paying for a dash of colour or a spritz&nbsp;of&nbsp;perfume?
Something as small as a razor aimed towards women&nbsp;costs more than the ones available for men. While a pack of 5 Gillette razors for men costs approximately Rs 88, a similar pack of 4 Gillete razors for women costs around Rs 280. The concept of 'invisible tax' also applies to personal care services which lead to an increase in the cost for women. A salon would charge more for women&rsquo;s haircuts or massages than it would for a similar service for men. &nbsp;
After a series of protests and rallies, in 2018 the Indian Government did away with the 12 percent <a href="https://www.editorji.com/story/not-the-right-time-to-include-fuel-under-gst-fm-clarifies-post-gst-meet-1631892561591" target="_blank">GST </a>on sanitary products. This is not considered as pink tax but it was nonetheless a huge amount of tax being levied on a product of necessity. Sadly, the prices of sanitary products continue to remain pretty high irrespective of the tax slash.
According to the study, Cradle to Cane: The Cost of Being a Female Consumer by The New York City Department of Consumer Affairs, on average, &ldquo;personal care products cost 13 percent more for women than men.&rdquo;
As per recent research carried out in Mumbai by the World Bank, there is also an &ldquo;implicit surcharge&rdquo; or <a href="https://www.editorji.com/lifestyle-news/pink-tax-the-extra-price-you-pay-for-being-a-woman-1628140827369" target="_blank">pink tax</a> on &ldquo;women&rsquo;s mobility.&rdquo; The research found that over the years the mobility pattern has undergone a huge change. While men have shifted to two or four-wheelers, women continue to use low-quality modes of transport like rickshaws and taxis which deem to be more expensive.
Why should women be made to pay extra? In a research by the Joint Economic Committee: US Congress in 2016, it was highlighted that one of the major explanations for levying pink tax is the difference in cost of production. For instance, some products that require a specific colour or scent will have a higher cost of manufacture, leading to a spike in product pricing.
Why is there a need to do away with pink tax? As predicted by the World Economic Forum, the existing gender pay gap will take around 136 years to close. From the film industry to farm labour, women in every sector are paid way less than their male counterparts. Hence, charging extra for everyday products will only make life more difficult for women.
What can you do to avoid this extra cost? The first step is to keep yourself informed about the prices as it will help in making an informed choice. The second step is to understand that whether a razor is blue or pink in colour, both will do the same task of hair removal. And if you don&rsquo;t like using products with a musky fragrance, you can always opt for gender-neutral options.
Also Read:&nbsp;<a href="https://www.editorji.com/story/rush-for-tax-savings-4-things-you-could-consider-1616845153527" target="_blank">Rush for tax savings, 4 things you could consider</a>
The concept of pink tax is quite unfair and steps are being taken to get rid of this invisible cost.&nbsp;Scotland emerged as the first country to make tampons and pads free for everyone. Also, the famous <a href="https://www.editorji.com/story/these-are-the-worst-foods-to-buy-from-the-supermarket-1621665903893" target="_blank">supermarket</a> brand Tesco in the UK has slashed the prices of razors for women. But these are only baby steps as we still have a long way to go to arrive at a more gender-equal market.

Banks are slowly beginning to increase FD rates now. First HDFC Bank and then over the weekend India's largest bank SBI as well raised rates trying to attract savers. According the SBI website, the bank has hiked the interest rate of FDs below Rs 2 crore with a tenure of 1 year to less than 2 years by 10 basis points. These FDs will now earn 5.1% (increased from 5%), with effect from January 15, 2022. Senior citizens will earn 5.6% (up from 5.5%).Even though this signals good news for savers it could very well be the precursor of rising loan rates in the country as well. In December 2021, SBI had increased its base rate by 0.10 percent or 10 bps. The new base rate, that is, 7.55% per annum has been effective since December 15. Banks across the board are likely to start 'normalising' rates as inflation remains high and the risk of rate hikes in 2022 increase from central banks. 

FD interest rate hike: Good for savers but could spell bad news for borrowers

According the SBI website, the bank has hiked the interest rate of FDs below Rs 2 crore with a tenure of 1 year to less than 2 years by 10 basis points. These FDs will now earn 5.1% (increased from 5%), with effect from January 15, 2022. Senior citizens will earn 5.6% (up from 5.5%).

Why the fixed deposit rate hike could spell bad news

SBI has hiked&nbsp; interest rate of FDs below Rs 2 crore with a tenure&nbsp; less than 2 years

Banks are slowly beginning to increase FD rates now. First HDFC&nbsp;Bank and then over the weekend India's largest bank SBI&nbsp;as well raised rates trying to attract savers.&nbsp; Also read:&nbsp;<a title="Budget 2022: Tax on cryptocurrencies, its definition and more" href="https://www.editorji.com/business-news/budget-2022-tax-on-cryptocurrencies-its-definition-and-more-1642390331244">Budget 2022: Tax on cryptocurrencies, its definition and more</a> According the SBI website, the bank has hiked the interest rate of FDs below Rs 2 crore with a tenure of 1 year to less than 2 years by 10 basis points. These FDs will now earn 5.1% (increased from 5%), with effect from January 15, 2022. Senior citizens will earn 5.6% (up from 5.5%). Even though this signals good news for savers it could very well be the precursor of rising loan rates in the country as well.&nbsp;In December 2021, SBI&nbsp;had increased its base rate by 0.10 percent or 10 bps. The new base rate, that is, 7.55% per annum&nbsp;has been effective since December 15. Banks across the board are likely to start 'normalising' rates as inflation remains high and the risk of rate hikes in 2022 increase from central banks.&nbsp;

Income tax return filing deadline has been extended once again by the Finance Ministry. As per a release by the Central Board of Direct Taxes (CBDT) tax payers now have upto March 15 to file their income tax returns. 
The extension has come after various taxpayers have asked the tax department and finance ministry to extend dates due to rising coronavirus cases and issues in new income tax portal as the release. Chartered accountants' apex body ICAI has sought time till March 31 for filing tax audit reports without penalties, citing the coronavirus pandemic situation and "consistent technical glitches" being faced in using the new I-T portal.The new e-filing portal www.incometax.gov.in, was launched on June 7 and is managed by Infosys. It had a bumpy start since the day of its launch, with taxpayers and professionals reporting glitches and difficulties in its functioning. The FM had met with Infosys management on December 17 who had assured that all issues had been resolved.

Govt extends deadline to file income tax returns to March 15

Income tax return filing deadline has been extended once again by the Finance Ministry. As per a release by the Central Board of Direct Taxes (CBDT) tax payers now have upto March 15 to file their income tax returns. 

ITR filing deadline extended

Income tax return filing deadline has been extended once again by the Finance Ministry. As per a release by the Central Board of Direct Taxes (CBDT) tax payers now have upto&nbsp;March 15 to file their income tax returns.&nbsp;
The extension has come after various taxpayers have asked the tax department and finance ministry to extend dates due to rising coronavirus cases and issues in new income tax portal as the release.&nbsp;
Chartered accountants' apex body&nbsp;ICAI&nbsp;has sought time till March 31 for filing tax audit reports without penalties, citing the coronavirus pandemic situation and "consistent technical glitches" being faced in using the new I-T portal.
The new e-filing portal&nbsp;www.incometax.gov.in, was launched on June 7 and is managed by Infosys.&nbsp;It had a bumpy start since the day of its launch, with taxpayers and professionals reporting glitches and difficulties in its functioning. The FM had met with Infosys&nbsp;management on December 17 who had assured that all issues had been resolved.

ITR filing, tax audit report deadlines extended by CBDT

Income tax return filing deadline has been extended once again by the Finance Ministry. As per a release by the Central Board of Direct Taxes (CBDT) tax payers now have upto&nbsp;March 15 to file their income tax returns.&nbsp;
The extension has come after various taxpayers have asked the tax department and finance ministry to extend dates due to rising coronavirus cases and issues in new income tax portal as the release.&nbsp; Chartered accountants' apex body&nbsp;ICAI&nbsp;has sought time till March 31 for filing tax audit reports without penalties, citing the coronavirus pandemic situation and "consistent technical glitches" being faced in using the new I-T portal. The new e-filing portal&nbsp;www.incometax.gov.in, was launched on June 7 and is managed by Infosys.&nbsp;It had a bumpy start since the day of its launch, with taxpayers and professionals reporting glitches and difficulties in its functioning. The FM had met with Infosys&nbsp;management on December 17 who had assured that all issues had been resolved.
ALSO WATCH:&nbsp;<a href="https://www.editorji.com/business-news/economy/gst-rates-rules-and-other-changes-that-take-effect-from-from-january-1-1640835426573">GST rates, rules and other changes that take effect from January 1</a>

Sovereign Gold Bond Scheme: Subscription for the Sovereign Gold Bond Scheme by the Reserve Bank of India is open for five days from January 10 to January 14

 Sovereign Gold Bond Scheme 2021-2022 opens: Here is all you need to know including how to get a discount on gold

Here is all you need to know including how to get a discount on gold. According to the RBI, an issue price of ₹ 4,786 per unit, equivalent to the value of one gram of gold is applicable. 

 Sovereign Bond Scheme opens

According to the RBI, an issue price of ₹ 4,786 per unit, equivalent to the value of one gram of gold is applicable.&nbsp;

Sovereign Gold Bond Scheme: Subscription for the Sovereign Gold Bond Scheme by the <a href="https://www.editorji.com/business-news/economy/rbi-policy-preview-are-you-ready-for-rate-hikes-1638776751781" target="_blank">Reserve Bank of India(RBI)</a> is open for five days from January 10 to January 14.
<h3>What is the price?</h3>
Investors can bid for a minimum of 1 gm of gold at Rs 4,786 against Rs 4,791 per gram for the previous tranche.
<h3>Cheaper if you apply digitally</h3>
There is a discount of Rs 50 per gram to those investors applying online and the payment against the application is made through digital mode.&nbsp;For such investors the issue price of Gold Bond will be Rs 4,736 per gram of gold.
<h3>Who and how much can you invest?</h3>
Minimum permissible investment is 1 gram of gold. The maximum limit of subscription is 4 kg for individual, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities per fiscal (April-March).
Also watch:&nbsp;<a href="https://www.editorji.com/business-news/budget/budget-2022-election-commission-says-election-schedule-not-to-effect-union-budget-1641783898417" target="_blank">Budget 2022: Election Commission says election schedule not to effect Union Budget</a>
<h3>How can you invest?</h3>
The <a href="https://www.editorji.com/business-news/personal-finance/sovereign-bond-scheme-opens-here-is-all-you-need-to-know-including-how-to-get-a-discount-on-gold-1641788772753" target="_blank">sovereign gold bonds</a>&nbsp;are sold through banks, designated post offices, recognised stock exchanges -&nbsp;Bombay Stock Exchange (BSE)&nbsp;and National Stock Exchange (NSE), and the Stock Holding Corporation of India Limited. Gold bonds are held in demat&nbsp;form.
<h3>Is there an exit option?</h3>
The tenor of the Bond will be for a period of 8 years with exit option after the 5th year to be exercised on the next interest payment dates.
<a href="https://www.editorji.com/business-news/personal-finance/pm-modi-launches-new-rbi-schemes-aimed-at-retail-investment-and-addressing-grievances-1636696069639" target="_blank">PM Modi launches new RBI schemes aimed at retail investment and addressing grievances</a> &nbsp;

The State Bank of India (SBI) has increased the limit on IMPS transactions from Rs 2 lakh to Rs 5 lakh.

SBI IMPS Limit : SBI changes IMPS norms, service charges - here is all you need to know

The State Bank of India has increased the limit on IMPS transactions from Rs 2 lakh to Rs 5 lakh

New IMPS limit and service charges at SBI 

In comparison to NEFT/RTGS, IMPS is more popular among net-banking users due to its 24x7 availability, and instant domestic funds transfer feature

The&nbsp;State Bank of India (SBI) has increased the limit on IMPS transactions from Rs 2 lakh to Rs 5 lakh. India's largest bank is also giving digital banking another push as it has decided not to , levy any Service Charges on IMPS transactions up to Rs 5 lakhs done through Internet banking/Mobile Banking including YONO. Also watch|&nbsp;<a title="Resignations and refunds cloud Musk's plans in India" href="https://www.editorji.com/business-news/resignations-and-refunds-cloud-musk-s-plans-in-india-1641351426658">Resignations and refunds cloud Musk's plans in India</a> However the bank stated that transfers done via a bank branch will attract charges, "For IMPS transactions conducted through bank branches, new slab of Rs 2 lakh to Rs 5 lakh has been added for levying service charge. The proposed service charges for this slab is Rs 20 + GST," SBI said, adding that this directive will come into effect from February 1, 2022.

A latest crypto fraud may have led to over a million people losing Rs 1,200 crore. Reports indicate that almost 1.1 million investors in Tamil Nadu, Kerala, and Karnataka were defrauded for a cryptocurrency that didn't even exist.
As per the reports, a Kerala man duped these people by asking them to invest in an 'initial coin offering' of a 'fake cryptocurrency' named Morris Coin. But the promoters of the coin siphoned out the money and illegally invested in immovable properties in Kerala, Tamil Nadu and Karnataka, particularly in real estate without showing any source of income, reports mentioned.
Also read/watch | Budget 2022: From classification to taxes will cryptocurrency finally get clarity?
This calls for a crypto regulation sooner as investors lost over $2.8 billion globally to various crypto scams in 2021. 

EJ Explains | Rs 1,200 crore scam highlights need for crypto regulation this budget

As many as 1.1 million investors were sold a non-existent crypto worth Rs 1,200 crore in Tamil Nadu, Kerala and Karnataka.

Crypto scam of Rs 1,200 crore

Crypto investors lost over $2.8 billion globally to various crypto scams in 2021.&nbsp;

A latest&nbsp;crypto&nbsp;fraud may have led to over a million people losing Rs 1,200 crore. Reports indicate that almost 1.1 million investors in Tamil Nadu, Kerala,&nbsp;and Karnataka&nbsp;were defrauded for a cryptocurrency&nbsp;that didn't even exist.
As per the reports, a Kerala&nbsp;man duped these people by asking them to invest in an 'initial coin offering' of a 'fake cryptocurrency'&nbsp;named Morris Coin. But the promoters of the coin siphoned out the money and illegally invested in immovable properties in Kerala, Tamil Nadu and Karnataka, particularly in real estate without showing any source of income, reports mentioned.
Also read/watch |&nbsp;<a href="https://www.editorji.com/business-news/budget/budget-2022-from-classification-to-taxes-will-cryptocurrency-finally-get-clarity-1641789681515" target="_blank">Budget 2022: From classification to taxes will cryptocurrency finally get clarity?</a>
This calls for a&nbsp;crypto&nbsp;regulation sooner as&nbsp;investors lost over $2.8 billion globally to various crypto scams in 2021.&nbsp;

Cryptocurrency

Cryptocurrency - the craze that has taken the tech and trading world by storm still has a large section of the population, confused and some even concerned. EJ Biz brings to you your one stop shop for all your need to know about crypto-: The Good, The Bad & The Ugly Cryptic CryptoHow popular is it?The Indian crypto market grew 641% over the period from July 2020 through June 2021. - Need some how many investors and how much total invested data - As per data reported by Bloomberg transfers worth more than $10 million represented 42% of transactions sent from India-based addresses. What makes it so popular?Crypto concerns, why the RBI is up in arms?The Reserve Bank of India says they pose serious threats to the nation’s macroeconomic and financial stability. The twin tower of trouble is the lack of oversight and anonymity which raises the red flags for Issues such as money laundering and terrorism financing issues such as money laundering and terrorism financing. The environment angleWhat are the other countries doing about itHow is it different than digital currency?Why do we really need crypto?Crypto beyond tokens and trade 

Your Complete Crypto Guide: The Good, The Bad and The Ugly!

1. How popular is crypto?
2.&nbsp;Crypto market cap: $3 trillion (worldwide)&nbsp; &nbsp; &nbsp; 10 sec
3. Crypto&nbsp;in India:
Indian crypto market grew 641% in 1 year to June 2021
10 cr crypto&nbsp;owners in India, highest in the world
Indians&rsquo; investment in crypto at&nbsp;$10 billion
42% of transactions sent from India-based addresses 30 sec
&nbsp;
1. What makes crypto so popular?
2. Highly volatile cryptos&nbsp;have given multiple time returns
3. Bitcoin rallied 90x in 5 years
4. Shiba&nbsp;Inu&nbsp;delivered 15,00,000x returns
Rs 10,000 becoming Rs 15,000 crore.
&nbsp;
&nbsp;
&nbsp;
1. Crypto&nbsp;concerns, why the RBI is up in arms?
2.&nbsp;RBI: Cryptos pose serious threats to the nation&rsquo;s macroeconomic and financial stability.
3.&nbsp;Red flags: Issues like money laundering and terrorism financing
4. Crypto&nbsp;backers: Crypto&nbsp;much easier to track than paper money
&nbsp;
The environment angle
Crypto&nbsp;Craze: One of the biggest threats to the environment
Bitcoin mining consumes 121.36 terawatt hours a year
Bitcoin's&nbsp;carbon footprint comparable to that of Chile
&nbsp;
How is crypto different than digital currency?
Digital currency&nbsp;issued by the govt or the central bank
Digital currency is stable and backed by the authorities
&nbsp;
Why do we really need crypto?&nbsp;
Cheaper, faster and transparent transactions
Bitcoin is also considered a store of value
Makes voting easier and more reliable
Creates a permanent ledger
&nbsp;
&nbsp;
&nbsp;
&nbsp;

India has the highest number of crypto owners in the world at 10.07 crore.

Cryptocurrency&nbsp;- the craze that has taken the tech and trading world by the storm still has a large section of the population, confused and some even concerned. EJ Biz brings to you your one-stop shop for all your need to know about crypto-:&nbsp;The Good, The Bad &amp; The Ugly Cryptic Crypto&nbsp;- What is it really? Cryptocurrencies&nbsp;are digital financial assets that are based on&nbsp;blockchain&nbsp;technology. A cryptocurrency&nbsp;is secured by cryptography&nbsp;which makes fraudulent activities like counterfeiting&nbsp;almost impossible. Every transaction done with the cryptocurrency&nbsp;gets recorded permanently, thus bringing complete transparency in financial transactions. However,&nbsp;cryptocurrencies face criticism for a number of reasons, including their use for illegal activities, exchange rate volatility, and vulnerabilities of the infrastructure underlying them. But they also have been praised for their portability, divisibility, inflation resistance, and transparency. Crypto experts have time and again pointed out that there are multiple use cases of cryptocurrencies and that each can't perform as a legal tender. Stablecoins could be looked at as potential cryptocurrencies&nbsp;that can act as legal tender. How popular is it? The Indian crypto market grew 641% over the period from July 2020 through June 2021. India has the highest number of crypto owners in the world at 10.07 crore, according to broker discovery and comparison platform BrokerChooser.&nbsp;The U.S. came in a distant second in terms of crypto owners at 2.74 crore, followed by Russia (1.74 crore) and Nigeria (1.30 crore). Comparing it with the conventional equity markets, the number of investors in stocks stood at 8&nbsp;crore, as per the exchanges. Indians&rsquo; investment in cryptocurrencies has increased to over Rs 75,000 crore or $10 billion from $923 million in April last year, according to crypto research and intelligence business CREBACO.&nbsp;As per data reported by&nbsp;Bloomberg&nbsp;transfers worth more than $10 million represented 42% of transactions sent from India-based addresses.&nbsp; What makes it so popular?
Cryptocurrencies&nbsp;being highly volatile in nature have been grabbing attention&nbsp;from all over the world. Moreover, some of them giving multiple-time returns in a short period have&nbsp;pulled investor attention. In the last five years, the dominant cryptocurrency&nbsp;Bitcoin&nbsp;has rallied 90 times. While a lot of meme&nbsp;cryptos are also on investors' favourite list. Meme&nbsp;token Shiba&nbsp;Inu&nbsp;delivered 15 lakh&nbsp;times of investment in just one year. This means an investment of Rs 10,000 becoming Rs 15,000 crore. If these sorts of returns won't get attention then what will! Crypto&nbsp;concerns, why the RBI is up in arms? The&nbsp;Reserve Bank of India&nbsp;says they pose serious threats to the nation&rsquo;s macroeconomic and financial stability. The twin tower of trouble is the lack of oversight and anonymity which raises the red flags for&nbsp;Issues such as money laundering and terrorism financing issues such as money laundering and terrorism financing.&nbsp; The environment angle
The growing crypto&nbsp;craze is turning out to be one of the<a href="https://www.editorji.com/business-news/cryptocurrency/crypto-the-climate-criminal-shocking-facts-of-global-energy-usage-1637909400176" target="_blank"> biggest threats to the environment.&nbsp;</a>A University of Cambridge analysis&nbsp;estimated that bitcoin mining consumes 121.36 terawatt hours a year. This is more than all of Argentina consumes, or more than the consumption of Google, Apple, Facebook and Microsoft combined.&nbsp;Bitcoin, which dominates more than 40% of the crypto&nbsp;market,&nbsp;has a carbon footprint comparable to that of Chile, producing 91.58 megatons of CO2 annually, this is as per&nbsp;Digiconomist&rsquo;s&nbsp;Bitcoin Energy Consumption Index. <a href="https://www.editorji.com/business-news/cryptocurrency/crypto-bill-a-look-at-how-the-world-is-regulating-cryptocurrencies-1637728858155" target="_blank">What are the other countries doing about it</a>
Cryptocurrency is legal in the United States, but there is no comprehensive regulation to govern crypto activities. For now, bitcoin (BTC) and ether (ETH) are categorized as &lsquo;commodities&rsquo; and taxed as &lsquo;property&rsquo; by the IRS.&nbsp;EU is one of the initial countries to make cryptocurrency legal but just like the U.S. there is no specific regulation.&nbsp;In June 2021, China banned the mining of cryptocurrencies&nbsp;and it&nbsp;is focusing on promoting it's Digital Yuan as a priority post the ban. India too&nbsp;soon going to introduce its own cryptocurrency&nbsp;or digital rupee. <a href="https://www.editorji.com/business-news/cryptocurrency/crypto-bill-digital-currency-vs-cryptocurrency-what-s-the-difference-1637738627963" target="_blank">How is it different than digital currency?</a>
A digital currency or CBDC&nbsp;is issued by the government or the central bank. Unlike cryptocurrencies, whose volatility is widely evident, a digital currency is more stable and backed by the authorities. Cryptocurrencies are decentralised, which may not be the case with the state-issued digital currencies.
 Why do we really need crypto?&nbsp;Crypto beyond tokens and trade
Cryptocurrencies are based on&nbsp;blockchain technology which can be used in many ways. It makes financial transactions cheaper and faster along with making them transparent as every transaction done on the blockchain gets recorded. Bitcoin is also considered a store of value as it is a limited resource, just like gold or coal, thus rising in terms of value with time. With the help of cryptos, voting can be done through your mobile devices. It makes authentication work easier and faster as it is decentralised. Any transaction done on the&nbsp;blockchain can be verified at any point of time as it creates a permanent ledger.
Also watch:&nbsp;<a href="https://www.editorji.com/business-news/cryptocurrency/crypto-debate-in-parliament-fm-faces-flurry-of-questions-on-cryptocurrency-1638260169020" target="_blank">FM faces flurry of questions on cryptocurrency</a>

3,000,000,000,000 that's the marketcap of global cryptocurrency trade. As India looks to regulate the booming crypto trade in the subcontinent, here is a look at how the world is dealing with digital token deluge-:United StatesCryptocurrency is legal in the states, but there is no comprehensive regulation to govern crypto activities. For now, bitcoin (BTC) and ether (ETH) are categorized as ‘commodities’ and taxed as ‘property’ by the IRS.The US Securities and Exchange Commission (SEC) puts across cryptocurrencies to be securities on which security laws are very much applicable and cryptocurrency exchanges fall under the regulations for the Bank Secrecy Act The European UnionEU has been in the limelight as it is one of the initial countries to make cryptocurrency legal but there is no specific regulation passed by the EU that governs crypto activities. Taxation on cryptocurrencies also varies by country, ranging from 0% to 50%. The EU has recently rolled out the latest anti-money laundering directives to be followed by crypto exchanges to ensure no wrongdoing. 
China
The Mainland's dealings with cryptocurrencies has been a roller-coaster ride.From the most welcoming to one of the most restricted crypto-markets in the world. In June 2021, it banned the mining of cryptocurrencies, leading to about a 40% fall in global mining operations. China is focusing on promoting it's Digital Yuan as a priority post the ban.South KoreaIn South Korea, crypto exchanges are legal but not cryptocurrencies. Cryptocurrency transactions are expected from taxes. However, the Ministry of Strategy and Finance has laid out its plan of imposing a tax on crypto transactions with a revised tax framework to be launched in 2022.

Cryptocurrency Bill: A look at how the world is regulating cryptocurrencies 

With the Crypto Bill in the waiting, EJBiz takes a a look at cryptocurrency regulations in major economies and sees how India may compare.

Crypto Bill: A look at how the world is regulating cryptocurrencies 

A look at cryptocurrency regulations in major economies and groupings and see how India may compare.

3,000,000,000,000 that's the marketcap of global cryptocurrency&nbsp;trade. As India looks to regulate the booming crypto&nbsp;trade in the subcontinent, here is a look at how the world is dealing with digital token deluge-:
<h3>United States</h3>
<a href="https://www.editorji.com/story/crypto-bitcoin-ban-should-you-invest-databaaz-cryptocurrency-1613210247700">Cryptocurrency</a> is legal in the states, but there is no comprehensive regulation to govern crypto activities. For now, bitcoin (BTC) and ether (ETH) are categorized as &lsquo;commodities&rsquo; and taxed as &lsquo;property&rsquo; by the IRS. The US&nbsp;Securities and Exchange Commission&nbsp;(SEC) puts across cryptocurrencies to be securities on which security laws are very much applicable and&nbsp;cryptocurrency exchanges fall under the regulations for the Bank Secrecy Act&nbsp;
Also Read |&nbsp;<a href="https://www.editorji.com/business-news/cryptocurrency/crypto-bill-the-govt-looks-to-ban-private-crypto-10-billion-in-investments-await-winter-session-1637727721860">Crypto Bill: The govt looks to ban private crypto, $10 billion in investments await Winter Session</a>
<h3>The European Union</h3>
EU has been in the limelight as it is one of the initial countries to make cryptocurrency legal but there is no specific regulation passed by the EU that governs crypto activities.
Taxation on cryptocurrencies also varies by country, ranging from 0% to 50%. The EU has recently rolled out the latest anti-money laundering directives to be followed by crypto&nbsp;exchanges to ensure no wrongdoing.&nbsp;
Also Read |&nbsp;<a href="https://www.editorji.com/business-news/cryptocurrency/crypto-bill-a-ban-in-the-works-sends-crypto-prices-crashing-in-india-1637722292670">Crypto Bill: A ban in the works sends crypto prices crashing in India</a>
<h3>China</h3>
The Mainland's&nbsp;dealings with cryptocurrencies has been a roller-coaster ride.From the most welcoming to one of the most restricted crypto-markets in the world. In June 2021, it banned the mining of cryptocurrencies, leading to about a 40% fall in global mining operations. China is focusing on promoting it's Digital Yuan as a priority post the ban.
Also Read |&nbsp;<a href="https://www.editorji.com/business-news/cryptocurrency/winter-session-of-parliament-modi-govt-to-table-bill-to-regulate-cryptocurrency-1637685362743">Winter session of Parliament: Modi govt to table bill to regulate cryptocurrency</a>
<h3>South Korea</h3>
In South Korea, crypto exchanges are legal but&nbsp;not cryptocurrencies. Cryptocurrency transactions are expected from taxes. However, the&nbsp;Ministry of Strategy and Finance&nbsp;has laid out its plan of imposing a tax on crypto transactions with a revised tax framework to be launched in 2022.
Also Read |&nbsp;<a href="https://www.editorji.com/lifestyle-news/food/now-you-can-pay-for-your-pickles-with-cryptocurrency-1633406697021">Now, you can pay for your pickles with cryptocurrency</a>

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Budget 2022: Tax on cryptocurrencies, its definition and more

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EJ Explains | Rs 1,200 crore scam highlights need for crypto regulation this budget

Your Complete Crypto Guide: The Good, The Bad and The Ugly!

Crypto Bill: A look at how the world is regulating cryptocurrencies

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