4,000 millionaires left India in 2015'

March 30, 2016

New Delhi, Mar 30: India has seen the fourth biggest outflow of high net worth individuals globally in 2015 with shifting of 4,000 millionaires overseas, says a report.

life According to a report by New World Wealth, some 4,000 uber-rich Indians have changed their domicile in 2015, while France saw the maximum outflow of millionaires with as many as 10,000 super rich leaving the country.

The report however noted that the migration of super rich from China and India is not a "concern".

"The outflows from India and China are not particularly concerning as these countries are still producing far more new millionaires than they are losing," the report said and added that "once the standard of living in these countries improves, we expect several wealthy people to move back".

In terms of countries ranked by millionaires outflow, France was followed by China in the second place with 9,000 millionaires leaving the country while for Italy, at third position, the figure stood at 6,000.

On France, the report said, the country is being heavily impacted by rising religious tensions between Christians and Muslims, especially in urban areas.

"We expect that millionaire migration away from France will accelerate over the next decade as these tensions escalate," the report said.

It further noted that other European countries where religious tensions are starting to emerge such as Belgium, Germany, Sweden and the UK will also be negatively affected in the near future.

Other countries that saw significant millionaire outflows include Greece (3,000), while Russian Federation, Spain and Brazil saw 2,000 such outflows each.

In terms of millionaire inflows, Australia topped the chart as it saw as many as 8,000 uber rich people shifting base there, followed by the US(7,000) and Canada (5,000) in the second and third place respectively.

Millionaires, otherwise known as 'high net worth individuals' or 'HNWIs' refer to individuals with net assets of USD 1 million or more excluding their primary residences.

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Karnataka cops arrest 4 peddlers from Kerala, seize drugs worth Rs 1.25 cr

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July 29,2020

Bengaluru, July 29: The Central Crime Branch arrested four international drug peddlers belonging to Kerala and recovered drugs worth Rs 1.25 crore from them, said Karnataka Home Minister Basavaraj Bommai on Wednesday.

"We have started a war on drugs. Our agenda is to curb the drug mafia not only in Bengaluru, but in entire Karnataka. Many people are involved in the drug mafia. They are targeting students, other states, and international students who can spend and afford to become victims," said Bommai.

The recovered items include 2,000 kg LSD strips, 110 grams MDMA Cristol, 10 ecstasy tablets, 5 kg Ganja, five cell phones, weighing machine and pouches.

"When we raided a house in Soladevanahally police station area, we arrested Shahad Mohammed, Azmal, Ajin KG Verghese and Nitin Mohan. All are from Kerala and we will arrest their contacts as well. They are involved in the dark web mafia," Bommai said.

He said the peddlers were using post offices and couriers for their business.

"I'll speak to the central government, the home ministry and postal department, and other issues related to this mafia. Canada, Netherlands, and other nations are also involved in this mafia," said the state home minister.

"People from influential backgrounds are also involved in this mafia, but our objective is zero tolerance. We are using our intelligence. Drugs are coming from other states like AP, Goa, and other states," he said.
Bommai said he was personally addressing this case and appealed for support from parents, schools and colleges.

"I'm addressing this issue personally because it's important to curb the drug mafia. I need support from schools and college managements and parents. I'll also call college and hostel managements before colleges start. We will make managements responsible," he said.

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AIMIM leader Waris Pathan to appear before Kalaburagi police on Mar 8 for controversial remark

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March 5,2020

Kalaburagi, Mar 5: Kalaburagi Police has issued a second notice to AIMIM leader Waris Pathan, for his controversial remark, directing him to appear before the Investigation Officer on March 8 and give his statement.

Earlier, Kalaburagi Police Commissioner MM Nagaraj said that the police had served notice to Pathan and asked him to appear on February 29 before Investigation Officer.

On February 20, while addressing an anti-CAA rally at Kalaburagi, Pathan had said, "time has now come for us to unite and achieve freedom. Remember we are 15 crore but can dominate over 100 crores."

However, Pathan later took back his words and had said he had not targeted any community but had spoken against members of some organisations.

"If any of my words have hurt someone, I take them back as I am a true Indian," he had said.

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Mangaluru | Covid safety norms flouted during new Gurupura bridge inauguration

coastaldigest.com news network

June 12,2020

Mangaluru, Jun 12: A huge crowd gathered for the grand opening of the newly built 175-metre-long two-lane bridge across Phalguni River on National Highway 169 near Gurupura on the outskirts of the city today.

Even as the photos of the bridge inauguration ceremony went viral on social media, netizens took the elected representatives and the district administration to task for flouting safety norms at a time when the coronavirus cases are continuing to mount in coastal Karnataka.

The bridge was completed in a record time of 15 months. Dakshina Kannada MP and State BJP President Nalin Kumar Kateel and district in-charge Minister Kota Srinivas Poojari inaugurated the bridge in the presence of Mangaluru City North MLA Y. Bharath Shetty and others.

The bridge has come as a breather to thousands of travellers between Mangaluru-Moodbidri-Karkala on the busy NH. The age-old steel bridge had become dilapidated and was a cause for concern for road users. The highway is also under the process of getting widened to four lanes.

The bridge was constructed at an estimated cost of Rs 30 crore by contractor Sudhakar Shetty of Mugrodi Construction. Work started in February last and the contractor had time till February next.

While the two-lane carriageway is 16 metres wide, the bridge has 2.5-metre-wide pedestrian paths on both the sides. New approach roads of 500 metres each were also part of the project.