India has the 6th most number of Billionaires in the world

With the rise of India in the economic front has had a positive impact on the India’s rich. India is 6^th on list of most billionaires in the world. India has more number of billionaires than France, Saudi Arabia, Switzerland and Hong Kong, and is home to the sixth largest group of super rich population in the world. Moreover, the country’s financial capital Mumbai with 30 billionaires, is among the top five ‘billionaire cities’ globally.

Indian billionaires though 6^th largest group in the rich world, have thrown up an interesting trend found nowhere else in the world – sticking to ones roots. Despite popular notions of billionaires being jet-setting, cosmopolitan individuals, most of the 103 Indian billionaires are still based in the same locations they were raise and moved up in life.

 

The world Billionaire Census released recently shows that 95% of the Indian billionaires who currently have their primary business in India also grew up there. The global trend is different. Around 23% or just 1 in 4 billionaires globally have same home city of their primary business. Only 39% of all billionaires globally have the same home state of their primary business.

Mumbai is the top 5 of billionaire cities in the world and only entry in the top 10, while New York is the city of choice for the billionaires. The Wealth-X and UBS Billionaire Census 2013 showed that Asia is where the largest number of newly-minted billionaires are based, and since July 2012, there have been 18 new billionaires in Asia with a total wealth of $136 billion. Asia is already the place to be in for business and commerce with rising economy of many developing countries.

However India’s billionaire population has decreased by 5.5% and total billionaire wealth has fallen by$10 billion. Only 3 of Indian billionaires are female.

 Also read – Mumbai Buzz  on V4News.com

* To be here or to communicate: aneelanike@gmail.com

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India to induct INS Vikramaditya on Nov 16

India is to induct the $2.33 billion INS Vikramaditya, the re-fitted Russian aircraft carrier on Nov 16. With this India has an upper hand and also scores over China in delivering airpower from the sea. This acquisition is likely to prompt China accelerate its carrier programme to expand its military might.

INS Vikramaditya

Defence Minister AK Anthony will commission INS Vikramaditya (formerly Admiral Gorshkov) into Indian navy during his upcoming visit to Russia, barely two months China’s aircraft carrier Liaoning completed crucial sea trials. The Chinese carrier, a discarded vessel bought from Ukaraine may be limited to training role. But the take-off and landing of J-15 fighter planes from the renovated carrier indicates that China is taking strides towards delivering air power from sea. Two more carriers are likely to join the Chinese fleet over the next 12-15 years. However, China is nowhere close to India when it comes to operating these complex floating airfields.

The 45,000 tonne INS Vikrmaditya can carry more than 30 fighter planes and helicopters. 

The 24,000 tonne INS Viraat can hold more than 25 combat planes and helicopters.

The Indigenous Aircraft Carrier will weigh 37,000 tonne and carry 36 aircrafts.

INS Viraat

The Indian Navy has been operating carriers for decades, INS Vikrant bought from UK, was commissioned as the navy’s first carrier in 1961. It was retired in 1997. India currently operates only one aircraft carrier – INS Viraat, a British warship inducted in 1987. The Navy plans to keep her in service until 2018 when it inducts Indigenous Aircraft Carrier (IAC) Vikrant being built at the Cochin Shipyard.

Also read – Mumbai Buzz  on V4News.com 

* To be here or to communicate: aneelanike@gmail.com

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Namaste Mars!

Mangalyaan is going where very few have bodly gone, to the red planet Mars. India is making its maiden effort to reach the planet with Indian technology and a much smaller budget than the NASA programme. Hope Team ISRO succeeds in its first effort to reach and orbit Mars where earlier many failed including the Japanese and the Chinese. Hope our scientists succeed in their mission to Mars.


What will Mangalyaan see down while orbiting Mars? The joke doing rounds – The Orbiter will see a Malyalee in lungi sitting out of his tyre shop with a board – ‘Puncture Repair’, and nearby a Malyalee chaiwala shouting ‘chai chai’ to the Martian truck drivers. Jokes apart, after Russia, US, Japan and Europe, India is the fifth nation on the road to the red planet. India’s first inter-planetary flight the Mars Orbiter Mission on Mangalyaan spacecraft weighing 1,350 kg and the mission cost at Rs 450 crore.

 

The launch date is Nov 5, 2013. Following the launch, the spacecraft will circle earth for four weeks, firing its engines six times to gradually boost its orbit. The seventh engine burn will put the craft on the way to Mars. The voyage will take 300 days. It will enter Mars orbit for 160 days mission. The PSLV-XL (The Polar Satellite Launch Vehicle – XL will carry the spacecraft into orbit.

The Orbiter will carry 5 instruments weighing 15 kg. Experiments aim to see if Mars had an environment in which life evolved.

1. Methane Sensor – The first mission to carry this, it will measure gas in Mars’ atmosphere.
2. Composition Analyser – to study Martian atmosphere.
3. Photometer – to study relative abundance of hydrogen etc in Mars’ upper atmosphere.
4. Colour Camera – To beam images and data on surface features and composition of Mars, also probe Martian Satellites – Phobos and Deimos.
5. Imaging Spectrometer – To map surface composition and mineralogy.

Isro gears up to launch India’s first mission to mars on Nov 5. If all goes as planned, the craft will enter the Mars Orbit on Sept 21, 2014. This is critical as most Mars missions have failed at this stage. Nasa’s deep space network is supporting Mangalyaan.

Besides there will be many cruiser firsts for MOM.

First to not take straight flight trajectory. MOM will first be placed in elliptical Earth Orbit

First in India to have civilian ships fitted out as communication hubs with spacecraft.

For the first time Isro will operate a spacecrafts propulsion systems after 300 days.

First to carry a Methane Sensor,. Methane gas is considered a basic indicator of the possibility of life.

The Mars Orbiter 1,350 kg craft was built at Hindustan Aeronautical Ltd. It took three months to make the cuboid. It is made of mostly aluminum and carbon fibre. Its manufacturing cost was not even 10% of the Mars mission’s total tag of Rs 450 crore. The Orbiter is a mix of design from Indian Remote Sensing Satellites, Indian National Satellite System (Insat) and Chandrayaan-1. Improvisations have been made in power, communication, propulsion systems and on-board autonomy. Its propellent is 850 kg, 500 kg of dry mass including 5 payloads. The 3 sensor antennae made at Vikram Sarabhai Space Centre in T’puram and at Isro in Bangalore.

The launch was postponed to Nov 5. If for some reason, Isro doesn’t launch, then the next opportunity will be January 2016 and then 2018.

* To be here or to communicate: aneelanike@gmail.com

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