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6,500 Millionaires May Leave India This Year

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India is projected to witness a net outflow of over 6,500 millionaires or high net worth individuals (HNIs) during 2023 claimed The Henley Private Wealth Migration Report 2023. This is slightly lower than last year’s net outflow of 7,5000 HNIs.

China to witness highest outflow of HNIs

According to the study, India is the second-largest country in terms of migration of HNIs, following that of China. In 2023 the report claims that the net outflow of millionaires from China will be at 13,500, which is higher than 10,800 estimated in 2022.

UK third on the list

The third in the list is The United Kingdom with an estimated net outflow of HNIs at 3,200. This is double from the previous year’s predictions of 1,600.

The Henley Private Wealth Migration Report 2023 that was released on Tuesday, forecasts the net inflow and outflow of millionaires based on the projections by global wealth intelligence firm New World Wealth.

Currently India has 3.4 lakh millionaires whereas China has 7.8 lakh millionaires.

Outflow of millionaires not particularly concerning

However, the report claims that according to India’s capacity to generate new millionaires, the outflow numbers may not be particularly concerning. India’s millionaire population is expected to see an 80 per cent jump by the year 2031, making India one of the world’s fastest-growing wealth markets during this period.

This remarkable growth would be on the back of thriving healthcare, technology and financial sectors within the country.

Additionally, amongst the top three countries in the list only India has seen a decrease in the net outflow of millionaires.

Trend of returning individuals

According to New World Wealth, there has been a notable trend of many affluent individuals returning to the country. However, the exact number for the same has not been provided in the report. But the report claims that with the improving lifestyle in India there is a higher possibility of such millionaires returning to India.

Australia on the other hand is expected to attract the highest net inflow of HNIs this year with 5,200 moving to the country against 3,800 from last year. UAE ranks second with an significant influx of 4,500 new millionaires this year after it saw a record-breaking new arrival of 5,200 millionaires in 2022. The third place is held by Singapore with a net inflow of 3,200 millionaires, its highest ever on record.

Maharashtra

Struggle Against Land Mafia in Waqf Properties: New Amended Bill Adds to the Challenges

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New Delhi : In the ongoing battle to protect Waqf properties and ensure their benefits reach the deserving, land mafias, encroachers, and illegal groups were already a major hurdle. Now, the government’s newly amended bill has emerged as another significant challenge. Advocate Dr. Syed Ejaz Abbas Naqvi has strongly criticized this move and demanded immediate reforms. He stated that the primary objective of Waqf was to benefit the needy, but unfortunately, this objective has completely failed. On the other hand, the Shiromani Gurdwara Parbandhak Committee (SGPC), the largest Sikh religious organization, has been actively involved in the welfare of its community for decades. As a result, the Sikh community has nearly eradicated beggars and human rickshaw pullers.

Illegal Encroachments and Misuse of Waqf Lands Exposed :
According to Dr. Naqvi, Waqf properties have suffered the most due to unlawful encroachments by vested interest groups. The most unfortunate fact is that many Waqf lands were originally donated for the shrines (Dargahs) of Syed families, but they have been grossly misused. He revealed that a well-known individual shamelessly sold an acre of prime Waqf land on Mumbai’s Altamount Road for just 1.6 million rupees, a blatant violation of Waqf principles and laws.

Demand for a Stricter Amendment in Section 52 :
Dr. Naqvi has called on the government to take strict action against those who illegally sell Waqf properties. He has urged for an immediate amendment to Section 52 of the Waqf Act to introduce

capital punishment or life imprisonment* for unauthorized Waqf land sellers. This issue is a major setback for those fighting to safeguard Waqf properties, who are already battling corrupt elements and illegal land grabbers. It remains to be seen whether the government takes these concerns seriously and enacts effective legislation to protect Waqf lands.

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Bollywood

Salman Khan’s stardom is on point! ‘Sikander’ becomes a blockbuster, collects more than ₹150 crore worldwide!

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Sajid Nadiadwala’s film ‘Sikander’, directed by A.R. Murugadoss and starring Salman Khan and Rashmika Mandanna, was no less than a gift for fans on the occasion of Eid. Due to Salman Khan’s tremendous fan following, the film has made a strong hold at the box office. Full of action, emotion and entertainment, ‘Sikander’ is continuously winning the hearts of the audience. In such a situation, the film has earned ₹7.02 crores on the fifth day of its release, which clearly shows that the film still has a hold.

The magic of ‘Sikander’ at the box office is not stopping, even if the film has to face record level piracy. This action packed entertainer, one of the biggest opening films of the year 2025, has maintained a strong hold in terms of earnings since its release. There was no decline in the earnings of ‘Sikander’ even on the fifth day. The film earned ₹ 7.02 crores even on a weekday like Monday, which proves its strong hold and craze among the audience. With this, the film has crossed the important milestone of ₹ 100 crores in India. So far, the total earnings of the film have reached ₹ 105.18 crores. The special thing is that ‘Sikander’ crossed the ₹ 100 crore mark worldwide on just the second day, which makes it one of the biggest success stories of 2025.

Salman Khan has made a strong comeback on the big screen, and this time the beautiful Rashmika Mandana is seen with him. Produced by Sajid Nadiadwala and directed by A.R. Directed by a master storyteller like Murugadoss, ‘Sikandar’ is currently performing well in theatres.

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Maharashtra

Mumbai Cleanup Marshal and Swachh Mumbai campaign ended, fine collection from citizens also stopped, BMC helpline number released

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Mumbai: Mumbai BMC has abolished the clean-up marshal policy, after which now the clean-up marshal has disappeared from the streets of the city. The Municipal Corporation has completely banned the clean-up marshal and the Swachh Mumbai Mission has been stopped. This means that now no clean-up marshal will be able to force citizens to pay fines or take any other punitive action. After complaints against clean-up marshals, Mumbai BMC has decided to stop and suspend the service of clean-up marshals from today.

The Solid Waste Management Department of Mumbai Municipal Corporation, under the Department of Garbage and Sanitation, oversees public cleanliness in Mumbai and the ‘Swachh Mumbai Mission’ has been closed from April 4, 2025. However, the Municipal Corporation administration has appealed to the citizens that if any fine has been imposed on them despite this, then they can complain about it. Complaints regarding cleanup marshals can be made to the divisional control room of the Mumbai Municipal Corporation at 022-23855128 and 022-23877691 (extension number 549/500).

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