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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.

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Mumbai Metro 2A & 7 Connecting Andheri To Dahisar Records Highest 2,87,073 Daily Ridership

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Mumbai: Amid heavy rainfall, the Mumbai Metro had an significant achievement. The Metro 2A and 7 Lines connecting Andheri to Dahisar surpassed highest daily ridership, reaching to 2,87,073 number of passengers the Maha Mumbai Metro Operations Corporation Limited (MMOCL) informed on Thursday.

“We are thrilled to share that Maha Mumbai Metro has proudly surpassed highest daily ridership, reaching an incredible 2,87,073 passengers on Mumbai Metro Line 2A & 7! Even amidst heavy rain, Maha Mumbai Metro remained your steadfast companion, ensuring seamless journeys for all.” the MMOCL posted on its official X handle.

MMOCL also said that it operated two extra services one each from Gundavali & Andheri West, whereas, Monorail operated six services to accommodate and effectively manage the surge in ridership.

However, the activist continue to highlight that the ridership of Mumbai Metro is at least 50 per cent less than planned and expected by the authorities.

In August this year, Mumbai’s first Metro line- the Ghatkopar-Andheri-Versova route achieved a record of carrying more thann 500,000 commuters in a single day. On August 13, 2024, Mumbai Metro One carried 500,385 commuters, surpassing the pre-covid ridership, the authorities informed.

“This is the first time ridership of Mumbai Metro One has crossed milestone figure of 500,000 without impact of external factors. There is only one occasion when ridership of Mumbai Metro One had crossed 5 lakh when BEST buses went on strike for 9 days (8 January to 16 January 2019)”, the Metro One had said in its press statement.

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‘Spider-Man’ Spotted Begging At Kalyan Railway Station

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An influencer posed as a man begging in a Spiderman costume at Kalyan Junction. The incident was staged for a reel, which the influencer posted on Instagram sooner. It showed ‘Spiderman From Mumbai’ sitting outside the railway station and seeking money from passersby. The caption of the reel, read in a beggar tone’s, “Spider-Man ko dedo bhai koi.”

The video opened showing the man sitting below the stairs of the railway station. He was seen wearing a Spider-Man costume to capture the attention of train passengers towards him. he repeatedly extended his hand forward begging for some money while being seated at the railway premises.

It wasn’t a real case of someone begging by wearing the superhero costume, but an act performed by the Instagram-based content creator for the craze of reels. As he performed as a beggar there, many people looked at him and one of them also approached him with some money. The reel recorded people at the railway station witnessing the reel act. One of the persons there stepped into the video to offer a coin to the ‘Spider-Man’ beggar.

This video is now going viral on Instagram. It was uploaded on the online platform in August, however, it has reached netizens and caught their attention in the recent days. So far, the reel, which shows the influencer posing as a beggar dressed up in a superhero costume, has attracted 2.8 million views and more than one lakh likes. People reacted to the video and hilariously wrote, “Spider man no money at home.” “We got Spider-Man in kalyan before GTA,” they added.

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Pongal 2024: Mumbai Celebrates Harvest Festival Reflecting Rich Tamil Culture

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Nearly 2000 people participated in Pongal festivities in and around Antop Hill on Monday. Mass Pongal celebration was carried out across various locations of the Sion Koliwada constituency and was facilitated by MLA Captain R Tamil Selvan who continues to organise these events embracing the harvest season and Tamil culture for more than a decade now.

In a beautiful display of cultural richness, locals dressed in traditional attires prepared Pongal reciting folk songs, raising the festival mood. The event saw them setting up their Pongal pots in the midst of sugarcane, flowers, and rangolis. The celebration was notably marked at the Antop Hill Cement Ground with about a thousand people lifting the festival spirit on the auspicious day. Other areas that observed Pongal on a grand scale included New 90 Feet Road, Kamaraj Nagar, Vijay Nagar, and the Malai Mariamman temple in Naik Nagar among a few others.

Captain Selvan was seen visiting the spots and joining the public in the celebration. “Pongal is associated with agriculture. Tamilians of various religious beliefs celebrate this festival together without any discrimination. This is the significance of Pongal,” he said while extending Pongal greetings.

The event was not confined to only the Tamil-speaking people celebrating the occasion as it saw women from diverse cultural backgrounds mark the festival. While Tamilians gathered there to celebrate Pongal, others enjoyed the Makar Sankranti festivities in the region with similar rituals involving boiling water and preparing food in their pots.

Pongalo Pongal” chants were heard during the celebration as women prayed to seek prosperity for their families while boiling and expecting their pots to overflow with the Pongal preparation.

Throwing more light on the harvest festival, the MLA acknowledged that the first dam built in the world was built by Karikala, a Tamilian. “Tamilians introduced the concept of building dams to stop running (river) water and distribute it for agricultural usage. Karikala from the Chola Dynasty constructed the Kallanai Dam over the Kaveri River running in Trichy.”

Several people admire the Tamil language and its treasurable culture, including PM Narendra Modi who recently inaugurated the Kashi Tamil Sangamam at Namo Ghat in Varanasi and mentioned about Pongal and remembered prominent Tamil personalities like Subramania Bharathiyar, Bharathidasan, and Thiruvalluvar.

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