Can't ignore religion-based population while framing policy: RSS chief at 'Vijaya Dashami' rally

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.

In a move to strengthen the presence of Kannada in industrial and consumer markets, the Karnataka government has made it mandatory for all products manufactured within the state to display their names and usage instructions in Kannada, alongside any other languages.

The directive was formalized through a government circular issued on February 15, extending the requirement to both public and private sector manufacturers, the report added.

Enforcement officers designated under the Kannada Language Comprehensive Development Act, 2022, have been tasked with monitoring compliance.

The government emphasized that language is a reflection of a region’s cultural identity and that Kannada must be actively integrated into production, marketing, and business activities for it to thrive. The circular reiterated that the Act, implemented from March 12, 2024, aims to enhance employment and business opportunities for Kannadigas while ensuring the widespread use of Kannada in daily life.

As per Section 17(7) of the Act, manufacturers selling products within Karnataka must, wherever possible, ensure that product names and instructions are printed in Kannada along with any other language if needed.

This directive comes at a time when debates over language policies are intensifying in Karnataka. Recent discussions around local job quotas and the prominence of Kannada in government and corporate sectors have added to the ongoing discourse on linguistic identity in the state.

On the occasion of Kannada Rajyotsava Day, Karnataka Chief Minister Siddaramaiah had announced that the state government would take steps to ensure Kannada language labels on products manufactured in Karnataka.

Speaking at an event honoring the 69 recipients of this year’s Rajyotsava awards, Siddaramaiah emphasized the importance of creating an environment that encourages the daily use and learning of Kannada.