General
6,500 Millionaires May Leave India This Year

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
Mumbai Police crackdown on drug peddler gang, arrests drug peddlers from Mumbai and Navi Mumbai, drugs worth over Rs 13 crore seized

Mumbai: The Anti-Narcotics Cell and Anti-Terrorism Squad (ANTS) of the Mumbai RCF police station conducted a joint operation and arrested a drug peddler from RCF. During his search, the police recovered 45 grams of MD from his possession. The RCF police arrested him and registered a case under the NDPS Act against him. After that, the Mumbai police investigated and the drug peddlers were exposed. The police arrested five accused from Navi Mumbai and Mumbai and seized 6 kg of MD from their possession, the total value of which is said to be Rs 13.37 crore. This was a big drug racket that the police exposed and now the accused are being interrogated to find out how many more people they were in contact with and from where the drugs are brought to Mumbai. This operation was carried out on the instructions of Mumbai Police Commissioner Devin Bharti, Joint Police Commissioner Satyanarayan Chaudhary and DCP Nunath Dhole. Mumbai Police has intensified its operation against drug peddlers.
Maharashtra
MP Sanjay Singh addressed the public at Eidgah Maidan Sunni Masjid Bilal against the Waqf Amendment Act

Mumbai: A public meeting was held at Dotanki Sunni Masjid Bilal Eidgah Maidan against the Waqf Amendment Act in which the chief guest and special guest Member of Parliament Sanjay Singh addressed the public. The program was presided over by Pir Tariqat Quaid Ahle Sunnat, President of All India Sunni Jamiat-ul-Ulema and Sajjada Nashin of Khanqah Alia Kachchha Muqaddasa Hazrat Allama Maulana Syed Moinuddin Ashraf Al-Ashraf Al-Jilani. And the patronage was provided by Quaid-e-Millat Bani Raza Academy Vice President All India Sunni Jamiat-ul-Ulema. A large number of scholars, imams, scholars, intellectuals of the nation and the public participated. The program began with the recitation of the Quran. Member of Parliament Sanjay Singh explained with great clarity and arguments that the Waqf Amendment Act is not in favor of Muslims. He said that I have also said this in Parliament and I will say until the last moment that this law has been made to usurp the property of the Waqf.
He said in an emotional manner that according to the Constitution of India, which was written by Baba Saheb Ambedkar, in Articles 25 and 26, it is still there that people of every religion are allowed to worship according to their own religion. And they have the complete right to spend religious property on their religious works, the current Waqf Amendment Act is also against Articles 25 and 26. He has openly said that the current government does not want the welfare of Muslims, but rather their aim is to benefit their close people. Highlighting the shortcomings of the Waqf Amendment Act, he said that there is an act in it that only those who have practiced their religious affairs for five years can do waqf.
He mocked Modi and said that how will you find out which Muslim has prayed for five years or not, fasted or not, visited the mosque or not, will Modi install CCT at the house of every Muslim? The current government is saying that Muslims will benefit by Rs. 12,000 crore. I say, what is the need to disturb so many Muslims for the benefit of twelve thousand crores, just bring back one man, Nirav Modi, who has scammed twenty thousand crores and fled, out of which twelve thousand crores should be given to the Muslims, and you take the remaining eight thousand crores. There is an act in the Waqf Amendment Act that the documents of the endowment will have to be presented, the question arises that how can the documents of the property that was endowment five hundred years ago be provided. While the current government itself admitted a few years ago that all the properties of the endowment have been made online on the basis of documents, what is the point of asking for the documents now. Finally, he said that not only Muslims are against this black law, but secular Hindus are also included in it, more than two hundred non-Muslim members of parliament have voted against this bill. Even today, Hindus and Muslims want to live together, only a few people do the work of spreading hatred. Moin Al-Mashaikh said that we can never accept the black Waqf Amendment Act.
This law will end the protection of Waqf property. Then the government will arbitrarily give it to whoever it wants. We will continue to fight against this law until the last moment. Protecting Waqf property is our national and religious duty. We cannot give up on it. Moin Al-Mashaikh thanked Sanjay Singh and said that you told the people about this law and informed them about its shortcomings. You gave your valuable time for which we are grateful. Al-Haj Muhammad Saeed Noori, founder of Raza Academy, said that the Waqf Amendment Act is a direct attack on Waqf property. It cannot be tolerated. We are ready to fight every fight to end this black law. MLA Amin Patel, while expressing his views, said that Moin Al-Mashaikh has been standing in the field against this law since day one and will continue to fight. This law is not for the rights of Muslims but has been made to snatch their rights. Maulana Amanullah Raza, Maulana Abbas, Nizamuddin Ra’in, and other scholars, imams, and intellectuals spoke.
Maharashtra
Denial of admitting Muslim students to Dayanand Arya Kanya Vidyalaya after Nagpur riots, demands strict action against Nagpur school: Rais Shaikh

Mumbai: After Nagpur’s Dayanand Arya Kanya Vidyalaya refused to admit Muslim students on religious grounds, Samajwadi Party MLA from Bhiwandi East Rais Shaikh has urged Chief Minister Devendra Fadnavis to take strict action against the school. MLA Rais Shaikh also urged that all schools in the state be warned not to discriminate against students on the basis of religion.
Speaking on the issue, MLA Rais Shaikh said that Dayanand Arya Kanya Vidyalaya in Nagpur is run by a minority group. MLA Rais Shaikh said that there was a religious communal violence in Nagpur recently. After this, the school adopted a policy of not admitting Muslim students. The school secretary issued a verbal order to the teachers, which resulted in the shocking incident of keeping the admission applications of Muslim students pending despite the availability of seats.
MLA Rais Shaikh further said that the concerned parents have filed a complaint with the Jaripatka police station and the State Minorities Commission. A case has been registered against the school secretary Rajesh Lalwani and teacher Simran Gyanchandani under section 299 of the Bharatiya Naya Sanhita for hurting religious sentiments. This is a serious incident, and strict action should be taken against the school administration. A stern warning should be given to all schools across the state to ensure that such incidents do not happen anywhere else.
MLA Rais Shaikh also stressed that after the Pahalgam terrorist attack in Jammu and Kashmir, all Indian citizens of different religions showed unity and solidarity. While there is an atmosphere of religious harmony and unity in the country, the incident with Muslim students in Nagpur is condemnable. The School Education and Minorities Department should take strict action in this matter.
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