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In this paper an attempt has been made to derive the lifting scheme for a set of new bi-orthogonal wavelets and apply on image compression. Four new bi-orthogonal wavelets are designed by taking different basis functions which are selected so as to capture the sharp edges which are common in images. For these classical wavelets, lifting versions are calculated and presented in this paper. The lifting step calculation is simplest among the schemes in related literature. From the designed waveletdoi:10.9790/4200-04121021 fatcat:6h65nm7eqrd3pcyvln42ip5juy