More Indians scale Mt Rs 1,000 cr as Chinese slip, Europeans lag
According to the Hurun India Rich List 2023, there are 1,319 individuals with wealth over Rs 1,000 crore in the country, marking an increase of 216 individuals and 278 new entrants. This is the first time the list has surpassed the 1,300 mark, recording a 76% increase over the last five years. Key Points
Economic TimesLooking to return to work after a break? Here is a quick guide for leaders, and women
Returning to the workforce after a career break can be challenging, but with adequate planning and effective strategies, individuals can navigate through the obstacles. Organizations have implemented return-to-work initiatives for women employees, and investing in self-improvement and leveraging social media can help ease the transition. Key Points
Economic TimesJ-K: 'War-like stores' recovered by army troops in Kokernag, 3 held
The operation was conducted in cooperation with the Jammu and Kashmir Police. The individuals were apprehended from the Wagar area under Khansahib Police Station. Key Points
Economic TimesExplainSpeaking: Ultra-rich individuals are projected to keep leaving India in 2023. Why do the rich migrate from a country?
India’s likely net outflow (net of inflow and outflow) in 2023 will make it the second worst performer on losing HNWIs after China. In 2022, India saw an outflow of 7,500 such individuals. Key Points
The Indian ExpressMan loses Rs 29 lakh while trying to buy iPhone on Instagram, here is how to stay safe
A man was allegedly duped of Rs 29 lakh when he was trying to buy an iPhone on Instagram. A case of fraud has been filed against the unnamed individuals on the basis of the complaint of the individual. Key Points
India Today
Plane with Indians grounded in France over human trafficking lands in Mumbai
The aircraft, an Airbus A340, landed in Mumbai shortly after 4 am. It had taken off from Vatry airport near Paris around 2.30 pm local time. Key Points
Economic TimesJapan imposes sanctions on individuals, companies connected to Hamas
The sanctions consist of freezing assets of individuals & a company that helped fund Hamas. It is in line with new sanctions announced by US government earlier this month. Key Points
ThePrintTaxman to reach out to 15.2 m individuals required to file ITRs
Income-tax dept to act against 15.2 million non-filers. CBDT orders outreach from April 15. Focus on bank transactions, penalties for defaulters with high cash deposits. Key Points
Economic TimesWealthy Indians rush to invest in Liberalised Remittance Scheme funds to comply with RBI diktat
The $250,000 limit may fall short for a resident who aspires to, say, buy a home overseas, or undergo a medical procedure, or study abroad. Hence, to meet such expenses, many high net-worth individuals (HNIs) have accumulated forex by sending up to $250,000 every year, even when there was no bona fide expense, experts said. Key Points
Economic TimesOver 2.16 lakh people earn above Rs 1 crore in Assessment Year 2023-24: Pankaj Chaudhary
India witnesses a remarkable rise in individuals earning over Rs 1 crore annually, reaching 2.16 lakh for the 2023-24 Assessment Year. Minister Pankaj Chaudhary unveils a positive trend in high-income earners, with significant growth since 2019. Additionally, there's an uptick in 'Profession' income reporting. Finance Minister Sitharaman notes a 27.6% year-on-year increase in personal income tax collections, attributing it to tax reforms and enhanced compliance measures, painting a promising picture for India's economic trajectory. Key Points
Economic Times
KYC-update frauds get RBI attention: Know how scams happen, how to protect yourself
KYC Updation Fraud: The Reserve Bank of India (RBI) has cautioned individuals about KYC updation frauds which has been ongoing lately. An individual is required to periodically update their KYC with their banks as per specified timelines. However cybercriminals are targeting gullible individuals in the name of KYC updation and hence if an individual is not cautious it can lead to financial loss. Key Points
Economic TimesAutistic Pride Day 2023: Learn more about the history and significance of this day
Dr. Himani Narula, Developmental Behavioral Pediatrician, Director and Co-founder of Continua Kids said," Government and private offices can take an initiate to create sensory areas and spaces to help individuals on autism be able to calm themselves to self-regulate." Key Points
The Indian ExpressMankind Pharma director sells South Delhi bungalow for ₹91 crore
In Vasant Vihar, plot sizes range from 450 square meters to 2,000 square meters, and many of them have become available for sale after the lifting of the lockdown, said an industry expert. Numerous individuals are now seeking to liquidate their assets. The advantage of larger plots in South Delhi is that buyers can redevelop the land and construct up to four floors, a privilege not permitted in Lutyens' Delhi. Key Points
Economic TimesNumber of ultra-high-net-worth individuals in India to rise 58% in 5 yrs: Report
Number of ultra-high-net-worth individuals in India, having net worth of over $30 million, fell 7.5 per cent last year to 12,069 but will rise to 19,119 in the next five years, according to Knight Frank. Key Points
The Indian ExpressWill take firm action against people spreading terror narratives: J&K Police
Birdi unveiled stringent measures to combat online threats and vigilance against terror propagation on social media platforms. Recognising the evolving challenges, the IGP announced that the police will adopt robust measures and take firm action against individuals propagating a terror narrative and disturbing the peace on social media platforms. Key Points
Hindustan Times
One dead, five others injured in Pennsylvania community center shooting
At approximately 12:35 a.m., authorities received reports of a shooting at the Chevy Chase Community Center in White Township, as confirmed by the Pennsylvania State Police. In White Township, located about 57 miles northeast of Pittsburgh in Indiana County, six individuals were shot during the incident. Tragically, one victim was declared deceased at the scene. Key Points
Economic TimesIncome Tax Returns 2023-24: CBDT notifies ITR-2 and ITR-3; key details taxpayers will have to now provide
India Business News: The Central Board of Direct Taxes (CBDT) has released the Income Tax Return (ITR) forms, ITR-2 and ITR-3, for the financial year 2023-24. Taxpayers need to be aware of the filing requirements and changes in ITR-2. ITR-3 is for entities with income from business or profession. The deadline for submission is July 31, 2024, or October 31, 2024, for taxpayers with income tax audits. Key Points
Times Of IndiaRam ke naam: Ram mandir consecration ‘prasad’ becomes new bait of online fraud
Ram Mandir: Cyber scammers are capitalising on the high fervour surrounding the consecration ceremony of the Ram Temple in Ayodhya, using it as a ploy to deceive unsuspecting individuals. If you receive a message offering 'prasad' from the sacred event and it includes a link for payment, refrain from clicking. Scammers send messages to random numbers, assuring the delivery of 'prasad' from Ayodhya. The fraudsters obtain access to linked bank accounts by prompting users to input their details. Some deceitful groups are enticing people with offers like phone recharge, using a similar modus operandi. Key Points
Economic TimesCBI closes 2019 IPL betting cases over lack of evidence
The Central Bureau of Investigation (CBI) has closed two cases related to alleged match-fixing in the Indian Premier League (IPL) matches in 2019, citing a lack of evidence. The agency had filed two FIRs in May 2022 based on information received from Pakistan, accusing seven individuals of influencing IPL match outcomes through a cricket betting network. Key Points
Economic TimesCanada to launch citizenship path for undocumented immigrants, including students & workers with expired s
The existing population of Canada includes an estimated 300,000 to 600,000 individuals residing without valid documentation, putting them at risk of deportation due to their lack of formal status. The proposed program will include not only those who entered the country without proper documentation but also those who initially arrived legally as temporary workers or international students and chose to stay beyond the expiration of their visas. Key Points
Economic Times
Who is eliminating India's 'most-wanted' in Pakistan? Mystery surrounds over a dozen terrorist killings
More than a dozen terrorists on New Delhi's 'most wanted list' have been mysteriously killed in different parts of Pakistan over the past two years. The Pakistani government and banned militant organizations associated with it have remained silent about these killings. The assassinations, attributed to a hostile spy agency, follow a pattern where unknown individuals on motorcycles target militants accused of terrorism in India. Key Points
Economic TimesWhat is Norovirus? A contagious infection that is spreading in cruise ships; here are symptoms, treatment
Norovirus is a highly contagious virus causing vomiting and diarrhea. Symptoms last 1-3 days, but severe dehydration can occur, especially in vulnerable individuals. Prevention includes handwashing, avoiding contact with sick people, cooking food thoroughly, and disinfecting surfaces. Stay home if infected. Key Points
Economic TimesI-T issues rules for pros to switch between old, new tax regimes
The new tax regime has been made the default tax regime from the current financial year. Earlier, while salaried individuals had the option to switch back to the old tax regime, this option was not available to professionals and individuals with income from business, once they made a switch. Key Points
Economic TimesPersistent Covid infections may be more common than thought, reveals study
Researchers find that reinfection with the same variant is very rare. A high proportion of COVID-19 infections in the general population lead to... Key Points
The Tribune IndiaRBI issues warning against deceptive loan waiver campaigns
New Delhi [India], December 11 (ANI): The Reserve Bank of India (RBI) has raised concerns over unauthorized campaigns misleading borrowers with promises of loan waivers. According to RBI, these deceptive entities are actively promoting their campaigns through print media and various social media platforms, targeting unsuspecting individuals seeking financial relief. Show Full Article Reports indicate […] Key Points
ThePrint
Germany is about to make life much easier for foreign workers in 2024
Reforms have been announced with an aim to make Germany more appealing for skilled labor. A points-based system, based on language proficiency and professional experience, will grant eligible immigrants a one-year visa to search for jobs. Key Points
Economic TimesDense 'super fog' leaves seven dead, over 25 people injured in New Orleans
A thick veil of super fog descended upon the vibrant city of New Orleans on Monday, shrouding it in an otherworldly mist that led to a chain of catastrophic car crashes, claiming seven lives and leaving more than 25 individuals injured. This surreal meteorological event unfolded on the iconic Interstate 55, situated just northwest of the city, near the break of dawn on a fateful Monday morning. Key Points
Economic TimesIs it bad to change jobs frequently? Here’s what you should know
Job-hopping can have both positive and negative impacts on a person's career trajectory. Ashish Massey, a corporate chef, shares his experience of frequent job changes after the Covid outbreak disrupted his professional life. He found that these jumps led to favorable outcomes and increased his growth prospects. However, he also warns about the loss of credibility that can occur with frequent job changes and advises finding the right balance between job-clinging and job-hopping. Key Points
Economic TimesHow to write a will: Steps to be followed, necessary paperwork needed to make a valid will
There is no specific format for making a will. However, one needs to be clear and unambiguous while drafting one. Key Points
Economic TimesUnique brain connectivity patterns found in people born blind
New Delhi, July 31 People born blind develop unique connectivity patterns in the primary visual cortex, akin to a fingerprint, a new study by Georgetown University neuroscientists reveals. Published in Proceedings of the National Academy of Sciences (PNAS), these findings... Key Points
The Tribune
More and more Indians are getting caught trying to illegally enter US
The number of Indians getting arrested while crossing the US border unlawfully has reportedly risen five-fold in the past years. As per UCBP data, in 2019-20, 19,883 Indians were apprehended. In 2020-21, 30,662 Indians were arrested while in 2021-22 this number was 63,927, according to the data. Key Points
Economic TimesOpenAI in trouble: ChatGPT creator sued for theft of ‘private data’
Anonymous individuals have filed a lawsuit against OpenAI, alleging that the company stole personal information to train its AI models. The lawsuit seeks class action status and cites $3 billion in potential damages. Key Points
mintMicrosoft and LinkedIn partner to empower workers with free generative AI courses and career essentials certification
Microsoft and LinkedIn have launched the AI Skill Initiative, offering free introductory courses on generative AI to enhance AI comprehension and promote responsible practices. The initiative aims to address the growing demand for AI talent and equip individuals with crucial AI knowledge. Key Points
mint