BJP MP Satish Gautam says he will send AMU's Jinnah portrait to Pakistan

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.

In a significant policy shift, the central government has amended the passport application process, making birth certificates the sole valid proof of date of birth for individuals born on or after October 1, 2023. This move aims to streamline documentation and ensure uniformity in age verification.

Mandatory Birth Certificate for New Applicants

The new rule, announced last week as part of the amended Passport Rules, will take effect after its publication in the official Gazette. As per a notification dated February 24, the Ministry of External Affairs has revised the requirements for submitting proof of date of birth when applying for a passport.

For individuals born on or after October 1, 2023, only birth certificates issued by the Municipal Corporation, the Registrar of Births and Deaths, or any other authorized body under the Registration of Births and Deaths Act, 1969, will be accepted as valid proof of date of birth.

However, those born before this date can continue to submit alternative documents, including school transfer certificates, matriculation certificates, PAN cards, driving licenses, or extracts from service records.

Changes in Residential Information

To enhance privacy, applicants’ residential addresses will no longer be printed on the final page of passports. Instead, immigration officers will retrieve this information by scanning an embedded barcode.

New Colour-Coded Passports

The government has also introduced a colour-coding system for passports:

• White passports for government officials
• Red passports for diplomats
• Blue passports for ordinary citizens

Parental Information No Longer Required

Another major change is the removal of parents' names from the last page of the passport. This revision is aimed at protecting personal information, particularly for individuals from separated or split families.

Expansion of Passport Seva Kendras

To enhance accessibility, the government plans to increase the number of Post Office Passport Seva Kendras (POPSKs) from 442 to 600 over the next five years. The Department of Posts and the Ministry of External Affairs (MEA) have extended their Memorandum of Understanding (MoU) to facilitate this expansion, ensuring continued passport services at POPSKs.

Officials noted that passport rules regarding date of birth had not been updated for a long time, largely because many rural residents lacked birth certificates. However, with stricter enforcement of the Registration of Births and Deaths Act, 1969, birth certificates have now become the only recognized proof for those born after October 1, 2023.

These sweeping changes mark a significant update in India’s passport application process, reinforcing security, privacy, and efficiency in document verification.

After a dramatic confrontation between former US President Donald Trump and Ukrainian President Volodymyr Zelensky at the White House, Russian officials and state media expressed satisfaction, viewing the exchange as a major political shift.

Following the heated meeting, which ended with Zelensky abruptly leaving, Russian Foreign Ministry spokeswoman Maria Zakharova praised Trump's "restraint" for not physically assaulting the Ukrainian leader. "I think Zelensky's biggest lie was his claim that Kyiv was alone in 2022 without support," Zakharova wrote on Telegram. She further added, "How Trump and Vance held back from hitting that scumbag is a miracle of restraint," criticizing Zelensky for "biting the hand that feeds him."

Dmitry Medvedev, Russia's Security Council deputy head and former president, issued the most scathing remarks, calling Zelensky an "insolent pig" who had received "a proper slap down in the Oval Office." Medvedev declared, "For the first time, Trump told the cocaine clown the truth: the Kyiv regime is playing with World War III. And the ungrateful pig got a strong slap on the wrist from his masters. This is useful but not enough—we must stop military aid to the Nazi machine."

Kirill Dmitriev, head of the Russian Direct Investment Fund and a key Russian-American negotiator, described the exchange as "historic" and suggested it reflected a shift in US foreign policy. Meanwhile, Yevgeny Primakov, head of Russia's Agency for International Humanitarian Cooperation, accused Zelensky of attempting to provoke violence in response to the confrontation. "The Kyiv regime thrives on bloody provocations," Primakov wrote on Telegram, speculating that Ukraine might stage an attack to blame Russia and regain Western sympathy.

Russian state media amplified these sentiments, with RT posting on X (formerly Twitter): "Zelensky sits with hands between legs as US President and VP hammer him."

While European leaders expressed support for Zelensky, Hungarian Prime Minister Viktor Orban, a long-time Putin ally, sided with Trump. Orban praised the former US president’s stance, writing on X: "Strong men make peace, weak men make war." He commended Trump for "bravely standing for peace, even if it was difficult for many to digest."

The Oval Office clash highlighted growing tensions between Washington and Kyiv over Trump’s push for a ceasefire in the ongoing Russia-Ukraine war. During the meeting, Trump accused Zelensky of being "disrespectful" and warned, "You have no right to dictate how we should feel. You are gambling with World War III."

Trump further cautioned, "I have empowered you to be a tough guy. You either make a deal, or we're out. You don't have the cards." Vice President J.D. Vance also rebuked Zelensky, saying he had never acknowledged the extensive US aid provided to Kyiv.

The confrontation, witnessed by reporters, resulted in the abrupt cancellation of a scheduled press conference. Trump later criticized Zelensky on Truth Social, calling him "disrespectful" and unwilling to negotiate peace.

Before the meeting, Kremlin spokesman Dmitry Peskov reiterated Russia’s willingness to engage in diplomatic talks with the US, emphasizing the importance of mutual respect. "We seek dialogue not only with the US but with all nations, based on mutual respect and benefit," Peskov stated, dismissing the notion that diplomacy should be dictated solely by strength, a criticism often directed at Trump’s foreign policy approach.