‘BJP uses communal hatred to divert attention from real issues’, says RG as Bharat Jodo Yatra rolls into capital

The number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6 per cent last year to 85,698, according to Knight Frank.

Global property consultant Knight Frank on Wednesday released its 'The Wealth Report 2025', which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.

The number is expected to rise to 93,753 by 2028, reflecting India's expanding wealth landscape, the consultant said.

The increasing trend of HNIW population highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation.

India's billionaire population has also seen a strong year-on-year growth in 2024.

"India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019," the consultant said.

The combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion).

"India's growing wealth underscores its economic resilience and long-term growth potential. The country is witnessing an unprecedented rise in high-net-worth individuals, driven by entrepreneurial dynamism, global integration, and emerging industries," Shishir Baijal, Chairman & Managing Director, Knight Frank India, said.

This expansion is not just in scale but also in the evolving investment preferences of India's elite, who are diversifying across asset classes, from real estate to global equities, he added.

"In the decade ahead, India's influence in global wealth creation will only strengthen," Baijal said.

Mangaluru, Mar 1: Muslim religious and community leaders have strongly opposed the Wakf Amendment Bill 2024, calling it a threat to religious freedom. They have urged the government to uphold constitutional values and withdraw the bill immediately.

Speaking at a press conference on Saturday, March 1, they stated that the bill, introduced in August last year, has faced widespread resistance. Critics argue that it undermines the rights of Muslims and disregards constitutional protections. The bill was referred to a Joint Parliamentary Committee, but reports suggest that the committee rejected opposition-proposed changes and introduced even more controversial provisions, deepening concerns.

Leaders emphasized that Wakf properties are sacred donations meant for religious and social welfare purposes within the community. The Wakf Act, first established in 1913 and amended multiple times, safeguards these properties. The Indian Constitution guarantees religious freedom under Articles 25-28, and Article 26 specifically grants religious communities the right to manage their institutions and properties.

The BJP-led government has proposed a new bill titled United Wakf - Management, Empowerment, Efficiency, Development (UMEED) Act. Community leaders fear that the amendments will reduce Muslim control over Wakf assets. One of the most contentious changes requires all Wakf properties to have documented proof within six months, failing which they will lose their Wakf status. Previously, an independent Islamic law expert surveyed Wakf properties, but the amendment shifts this responsibility to district collectors, raising concerns about impartiality. Additionally, the bill removes the requirement for only Muslim officials to be appointed to the Wakf Tribunal and mandates at least two non-Muslim members in the Wakf Board. Critics question why such changes apply only to Wakf institutions while other religious trusts remain self-governed.

The Joint Parliamentary Committee received 9.8 million public objections, the majority opposing the amendments. However, reports suggest that the government ignored these concerns and proceeded with the bill in both Houses of Parliament.

Opponents argue that this amendment aims to bring Wakf assets under government control, eroding the religious and cultural identity of the Muslim community. They view it as a divisive political move that threatens the rights of India’s largest minority.

Religious leaders have urged all citizens who support constitutional values and secularism to voice their opposition to the bill.

Prominent scholars and community leaders at the press conference included Khazi Ahmad Musliyar Takha Ustad, Khazi Zainul Ulama Mani Ustad, Sayyid Ismail Thangal Ujire, Usmanul Faizi Thodaru, U K Muhammad Sadi Valavoor, U K Abdul Aziz Darimi Chokkabetu, S P Hamza Sakhafi Bantwal, N K M Shafi Sadi Bengaluru, Abdul Hameed Darimi Sampya, P P Ahmad Sakhafi Kashipatna, K I Abdul Khader Darimi Kukkil, P M Usman Sadi Pattori, K L Umar Darimi Pattori, T M Muhiyuddin Kamil Sakhafi Toke, Dr M S M Zaini Kamil, Anees Kausari, Umar Darimi Salmar, Qasim Darimi Savanoor, M Y Abdul Hafeez Sadi Kodagu, Abu Bakr Siddiq Darimi Kadaba, K K M Kamil Sakhafi Suribail, Rafiq Hudavi Kolar, K M Abu Bakr Siddiq Montugoli, Hussain Darimi Renjaladi, M P M Ashraf Sadi Malluru, Abu Saleh Faizi Tumbe, Muhammad Ali Turkalike, and Muhammad Musliyar Mundol.

The meeting was led by B A Abdul Nasir Lakki Star, president of the Dakshina Kannada Wakf Advisory Committee, and Ashraf Kinar, vice president of the committee.

New Delhi: Delhi Chief Minister-designate Rekha Gupta on Thursday assured that the BJP government would fulfill its poll promise of providing Rs 2,500 monthly financial assistance to women. The first installment of the monthly support will be credited to their accounts by March 8, Gupta said.

Ahead of the polls, the BJP's manifesto aimed to outdo the Aam Aadmi Party's (AAP) announcement of Rs 2,100 monthly support if it came to power. Gupta, who was elected as the leader of the BJP legislature party on Wednesday, emphasized that delivering on their promises is her top priority.

"Fulfilling the dream of Prime Minister Narendra Modi is the responsibility of all 48 BJP MLAs in the capital. We will definitely fulfill all our promises, including financial support for women. Women will 100% get monetary support in their accounts by March 8," she said. March 8 is observed as International Women's Day.

The BJP secured a landslide victory in the Delhi Assembly elections, winning 48 out of 70 seats and ending the AAP's decade-long rule. Gupta, a former Delhi University Students' Union (DUSU) president and municipal councilor, will be sworn in as the fourth woman CM of Delhi at a grand ceremony at Ramlila Maidan later in the afternoon, in the presence of Prime Minister Modi and other dignitaries.