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India sixth in global ranking of 'ultra rich'
Report dated 24/11/2014 @ 4:04 PM

India sixth in global ranking of 'ultra rich' A recent Wealth-X and UBS World Ultra Wealth Report 2014 found that with $1.01 trillion in assets, 8595 Indians together have taken India to sixth position in a global ranking of high-net worth individuals ie those with a net asset value of more than $30 million, increased to 9.5 percent over the previous year.

India has the third largest population of ultra-rich individuals in Asia, after Japan and China.

India also has more ultra-rich people than Switzerland, Canada, France, Hong Kong, Singapore and Saudi Arabia. Those countries ahead of India are the US, Germany, the UK, Japan and China.

The report also stated there are some 5000 NRIs on the global list, a majority of whom are settled in Europe or North America, and noted that promising policy and political changes such as the election of Narendra Modi as Prime Minister, has resulted in growing confidence in the region's prospects.

Two Kerala Catholics canonised by Pope Francis
Report dated 24/11/2014 @ 2:33 PM

Two Kerala Catholics canonised by Pope Francis Catholic priest Father Kuriakose Elias Chavara, popularly known as Chavara Achen, and a nun Sister Euphrasia, popularly known as Eupraisiamma, who were beatified by the Pope for sainthood in April, have been canonised, and pronounced saints at a special mass at St Peter's Square at the Vatican.

Chavara was ordained as a priest in 1829, and was a social reformer who believed the intellectual development and education of women was the first step towards overall social welfare. He died in 1871 at the age of 65.

Euphrasia who was known as a 'praying mother' and a 'saint among nuns' had several miracles to her credit. She died in 1952 at the age of 75.

To celebrate their sainthood, prayers and masses were held at churches across Kerala on Sunday. With this canonisation the Syro Malabar Church now has three Saints, the first being Sister Alphonsa who was canonised in 2008. She was the first Indian to be canonised.

To witness the canonisation, a 5000 strong delegation of the Kerala Catholic church went to the Vatican, as did two Kerala ministers who were deputed for the occasion, and Rajya Sabha Deputy Chairman P J Kurien led the delegation.

India scores high on Happy Planet Index
Report dated 24/11/2014 @ 2:28 PM

India scores high on Happy Planet Index India has scored high on the 'Happy Planet Index' that ranks nations on life indicators rather than wealth, and highlights their disparities in the levels of contentment.

Costa Rica, Colombia and Vietnam were ranked among the happiest countries to live in, followed closely by India in a global measure of sustainable well-being for 151 countries around the world.

Although the UK lags behind, it placed higher than other European countries like Germany, France and Spain. The US ranked way low on the Index.

The three measures used to rank countries are life expectancy, environmental factors and happiness. The poll was conducted by researchers who asked people in each country how they felt, and measured environmental and health factors.

Accused godman Rampal in judicial custody
Report dated 24/11/2014 @ 2:23 PM

Accused godman Rampal in judicial custody Rampal, 63, claimed he was a reincarnation of the 15th century mystic poet Kabir, and renamed himself Satguru Rampal Ji Maharaj. He is said to have amassed assets worth over Rs.1 billion. He has over 2 million followers in Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh and Delhi. Besides his ashrams in Rohtak and Barwala another was under construction and he is said to have properties in Rajasthan, Madhya Pradesh and Delhi.

The Punjab and Haryana High Court has cancelled the 2006 bail of guru Rampal Dass and placed him in judicial custody. The Court also directed the police to file an affidavit detailing the operation carried out to arrest Rampal from his ashram, along with damages, injuries to people, details of arms and ammunition in the ashram and loss of property.

Rampal who was moved to a police station where he was put behind bars, insists he is innocent of all charges.

The newly installed BJP government in Haryana has started investigations into reports Rampal built his ashram in Barwala without the necessary clearance from government departments. He is also said to be close to outlawed Maoist guerrillas who visit his ashram. The guerrillas are also believed to have taught his security supporters how to make explosive devices.

India is one of Twitter’s fastest growing markets
Report dated 23/11/2014 @ 5:55 PM

India is one of Twitter’s fastest growing markets Speaking at the HT Leadership Summit, Twitter VP Global Media, Katie Jacobs Stanton said India is a big market and one of Twitter's fastest growing, and they will be investing more in India.

According to its latest quarterly report Twitter had 284 million average monthly active users spanning nearly every country. Users outside the US constituted 78 percent of its active users.

Stanton also said India is a growing market which can be ascertained by the fact that the Lok Sabha elections generated around 60 million tweets. Most recently PM Narendra Modi broke the news of President Barack Obama's India visit as the chief guest for the Republic Day celebrations on Twitter.

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