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;

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.

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>

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;

Conferred with a Padma award this Jaipur-born tycoon christened Kamlesh Punjabi had a yen for business that led him to Japan to find his empire as Ryuko Hira. As the owner of HMI Hotel Group, which runs a chain of hotels and resorts in Japan Hira's roots in Japan are over a century old. Hira himself moved to te land of the rising sun in 1966 but his family had started a business in Yokohama back in 1921, exporting Japanese silk to India. Hira, known as Kamlesh Punjabi married a Japanese woman and became a naturalised Japanese and adopted the name Ryuko Hira.He established the HMI Hotel group in 1991 which manages about 60 resort and business hotels in Japan.

Meet the Padma awardee: The Indo-Japanese hotelier Ryuko Hira 

Jaipur-born Kamlesh Punjabi had a yen for business that took him enroute to find his empire as Ryuko Hira. As the owner of HMI Hotel Group, which runs a chain of hotels and resorts in Japan Hira's roots in Japan are over a century old. 


He established the HMI&nbsp;Hotel group in&nbsp;1991 which manages about 60 resort and business hotels in Japan

Conferred with a Padma&nbsp;award this&nbsp;Jaipur-born tycoon christened&nbsp;Kamlesh Punjabi had a yen for business that led him to Japan to find his empire as&nbsp;Ryuko Hira. As the&nbsp;owner of HMI Hotel Group, which runs a chain of hotels and resorts in Japan Hira's&nbsp;roots in Japan are over a century old.&nbsp; Also Watch:&nbsp;<a title="Padma Awards: Gen Bipin Rawat, Google's Sundar Pichai, Microsoft's Satya Nadella, Neeraj Chopra named" href="https://www.editorji.com/india-news/padma-awards-gen-bipin-rawat-google-s-sundar-pichai-microsoft-s-satya-nadella-neeraj-chopra-named-1643131000944">Padma Awards: Gen Bipin Rawat, Google's Sundar Pichai, Microsoft's Satya Nadella, Neeraj Chopra named</a> Hira&nbsp;himself moved to te land of the rising sun in 1966 but his&nbsp;family had started a business in Yokohama back in 1921, exporting Japanese silk to India.&nbsp;Hira, known as&nbsp;Kamlesh Punjabi married a Japanese woman and became a naturalised Japanese and adopted the name&nbsp;Ryuko Hira. He established the HMI&nbsp;Hotel group in&nbsp;1991 which manages about 60 resort and business hotels in Japan.

Fed rate hike fears have led to the bulls taking cover and the bears gripping markets from Wall Street to Dalal Street. EJ Biz breaks down what is at stake as the US central banks meets over January 25-26. Is the Fed really going to raise rates now?How is my life affected if the loan rates in the US go up?Financial stocks I get, but why are tech stocks taking a knock?China just cut rates and it grew 14%, am I missing something?
 
Monetary policy is the way a central bank changes the cost and availability of moneyOne consequence of all this is that it becomes more expensive to borrow money. The cost of getting a loan has been close to free for the past few years, which is ideal during recessionary times:When loans are cheap, that encourages people, businesses, and investors to spend money, which stimulates the economy. That said, keeping rates low for too long can cause asset bubbles.

EJ Explains: What is the Fed fear that is gripping and tanking the markets?

Fed is likely to raise rates starting March and the market had anticipated 4 rate hikes this year the stage is set now for a lot more. 



5 questions and easy answers - Why the Fed rate hike is feared

4. SOUNDBITE (English) Jerome Powell, Federal Reserve Chairman:
"The thing about the labor market right now is that there are there are many millions of more job openings than there are unemployed people. So you ask whether we can, whether we can raise rates and and move to a less accommodative and even tighter financial conditions without hurting the labor market. I think there's quite a bit of room to raise interest rates without threatening the labor market. This is by so many measures an historically, tight labor market record levels of job openings, of quits, wages are moving up at the highest pace they have in decades."

Chairman Powell essentially confirmed that the Fed will start tightening policy, potentially quite aggressively, starting in March.

Fed rate hike fears have led to the bulls taking cover and the bears gripping markets from Wall Street to Dalal&nbsp;Street. EJ Biz breaks down what is at stake as the US central banks starts hiking rates What has the Fed really said about rate hikes The Fed chief all but announced that the US Central Bank will hike rates in March and set the stage for a hike in all the meetings for the year (7 in total) and did not negate the possibility of a 50 bps hike.&nbsp; How is my life affected if the loan rates in the US go up? It raises the cost of money directly in the United States but has a ripple effect on how much 'free or low cost' capital is available to fuel the markets. To put it simply the cheaper it is to get money the more risk one is willing to take with it be in the markets or in businesses.&nbsp;When loans are cheap, that encourages people, businesses, and investors to spend money, which stimulates the economy and thus also the stock exchange. Though not necessarily in that order.&nbsp; If it is so helpful for businesses and economy why not just keep the Fed rates low? Because the central bank has to not just keep the spenders in mind but also the savers. Low rates disincentivize&nbsp;saving and give rise to speculative or risky behaviour. Low rates leads to -&gt; too much money which leads to the worth of the actual money being lesser or what finally shows up as inflation.&nbsp;Keeping rates low for too long can cause&nbsp;asset bubbles. And no-one likes a bubble because one time or another it has to burst.&nbsp; Financial stocks I get, but why are tech stocks taking a knock? Tech rally is fueled by low rates as the 'innovators' enjoy the low cost of capital to experiment and expand into businesses that may not give them returns immediately. So simply&nbsp;when the cost of capital is this low, it revs up funding for innovation and as rates go up investors expect tech companies to also slow down their innovation expansion.&nbsp; So when can we expect this Fed rate hike finally? Fed is likely to raise rates starting March and the market had anticipated 4 rate hikes this year the stage is set now for a lot more.&nbsp;
&nbsp;

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;

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 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>

The wait is over. Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the nation’s biggest initial public offering
LIC IPOAccording to reports, the embedded value of LIC is likely to be more than 4 trillion rupees, and its market value could be about four times that amount
To get the maximum output from LIC’s IPO, authorities will also be reviewing the rules on foreign direct investment and may even amend a few to ensure even investors from abroad can participate.
LIC and its historyLIC was established on September 1, 1956 by an Act of Parliament. The objectives were to provide security to the policy monies and to mobilise savings for development of infrastructure necessary for industrialisation of the country. In the last 64 years, LIC devoted itself to achieve these foundational objectives to emerge as the most successful public sector financial institution.

 LIC IPO: India's biggest IPO in Jan end; here's you all need to know 

The wait is over. Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the nation’s biggest initial public offering

Here's all you need to know: 

To get the maximum output from LIC&rsquo;s IPO, authorities will also be reviewing the rules on foreign direct investment and may even amend a few to ensure even investors from abroad can participate.

LIC&nbsp;IPO&nbsp;coming!&nbsp;The wait is finally&nbsp;over.&nbsp;Life Insurance Corporation of India could file a prospectus in the final week of January for what would be the nation&rsquo;s biggest initial public offering.&nbsp;
The mega&nbsp;LIC&nbsp;IPO According to reports, the embedded value of LIC is likely to be more than Rs 4 lakh crore and its market value could be about four times that amount.
To get the maximum output from LIC&rsquo;s IPO, government&nbsp;will also be reviewing the rules on foreign direct investment and may even amend a few to ensure even investors from abroad can participate.
A look back and ahead LIC was established on September 1, 1956 by an Act of Parliament. &nbsp;LIC today is competing with 23 private insurers. Even after 20 years of competition, it is continuing to dominate the market with a share of around 66% in premium income and 75% in number of policies. For the financial year 2021, LIC earned a total premium income of Rs 4.02 lakh crore (both new business and renewal).

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Brent and WTI surged on the last trading day of 2018 on Monday, on hints of progress on the US and China trade deal, which has hit crude prices for most of the year. Crude was trading higher with Brent and WTI up but is on track for the biggest yearly decline in three years. Brent lost 20 per cent while WTI was down 24 per cent in 2018 but the downward pressure will not sustain from January when the OPEC-led supply cuts will commence.  

Brent and WTI surged on the last trading day of 2018 on Monday, on hints of progress on the US and China trade deal, which has hit crude prices for most of the year. Crude was trading higher with Brent and WTI up but is on track for the biggest yearly decline in three years. Brent lost 20 per cent while WTI was down 24 per cent in 2018 but the downward pressure will not sustain from January when the OPEC-led supply cuts will commence.  

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.

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.

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;

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.

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.

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