Author PTI

India to supply over half of Asia’s workforce: Report

India, with over 65 per cent of population below the age of 35, will supply more than half of potential workforce over the coming decade in Asia, which is grappling with ageing population, according to a report. India will however have to first equip its workforce with necessary skills to contribute to the national economy in order for the country to reap dividends of its demographic potential, said the report by Deloitte — ‘Demographics fuelling Asia’s shifting balance of power’ “India is among a handful of South Asian countries that sits on a demographic gold mine,” the report said, adding that the country has a median population age of 27.3 years compared to 35 years for China and around 47 years for Japan. Deloitte India Lead Economist Anis Chakravarty said: “India will account for more than half of the increase in Asia’s workforce in the coming decade, but this isn’t…

India

Indian PM inaugurates Sardar Sarovar Dam, one of the biggest in the world

Indian Prime Minister Narendra Modi on Sunday inaugurated the Sardar Sarovar Dam on the Narmada river, saying no other project in the world has faced so many hurdles as this “engineering miracle” which many people had “conspired to stop”. He also said that the dam, conceptualised nearly six decades ago, would become a symbol of the country’s growing prowess and boost growth in the region. “No other project in the world has faced such hurdles as the Sardar Sarovar Dam on the Narmada river. But we were determined to complete the project,” Modi said at a rally some 55 kms from the dam site in Dabhoi town of Vadodara district. The prime minister, who had earlier dedicated the dam to the nation on his 67th birthday, said “Sardar Sarovar will become a symbol of India’s new and emerging power and propel growth in the region…the project is an engineering miracle.”…

India

India likely to be third largest economy by 2028: HSBC report

India is likely to overtake Japan and Germany to become the third largest economy in the next 10 years but needs to be consistent in reforms and focus more on the social sector, British brokerage HSBC has said. Social capital is “insufficient” in the country and spending on aspects like health and education “is not just desirable for its [India’s] own sake, but is also central to economic growth and political stability,” it said. India also needs a lot of focus on ease of doing business and related aspects like contract enforcements. “In over the next ten years, India will likely surpass Germany and Japan to become the world’s third largest economy in nominal USD and the transition will happen even more quickly on a PPP [purchasing power parity] basis,” its economists said in a note. Key strengths Demographics and macro stability were pointed out as key strengths for the…

Kuwait

India, Kuwait to review bilateral ties next week

India and Kuwait will review their bilateral ties and explore ways to step up cooperation in various areas including trade and investment during a key meeting next week. Both sides will deliberate on major issues of mutual interest at the third meeting of India?Kuwait Joint Ministerial Commission for Trade, Economic, Scientific and Technological Cooperation to be held in Kuwait from September 18 to 20. The Indian delegation will be led by Minister of State for External Affairs M J Akbar. “During the visit, the entire gamut of bilateral relations would be reviewed and priorities will be set for future cooperation,” the ministry of external affairs said in a statement. Kuwait has been an important trading partner for India. It is also the seventh largest crude supplier to India in 2016-17. Around 900,000 Indians are currently working in Kuwait. Published on 16 September 2017

India

Make Aadhaar mandatory for NRI marriages, expert panel tells MEA

Aadhaar should be made mandatory for the registration of NRI marriages in India to tackle desertion and other marital issues, an inter-ministerial committee has recommended to the Ministry of External Affairs. The proposal by the special committee on Indian passport holders getting married in India is aimed at protecting the rights of women who are deserted by their NRI husbands or become victims of domestic violence and dowry harassment abroad. “It has been proposed that Aadhaar be a must-have for registration of NRI marriages (in India),” said a source privy to the contents of the report submitted to the MEA on August 30. The Unique Identification Authority of India is working on a policy for the Aadhaar enrolment of NRIs, Overseas Citizens of India and Persons of Indian Origin. At present, all residents including Indian nationals and foreigners with valid visas can enrol for an Aadhaar number. The panel also…

Around The World

Most Indian students leave UK after degree: Report

A majority of Indian students who come to the UK for higher education tend to leave at the end of their degree, according to official data released today. Between April 2016 and April 2017, as many as 7,469 Indian students left before the expiry of their student visas with only 2,209 choosing to extend their visas to remain in Britain, the Office of National Statistics (ONS) said. “Thai, Chinese, Indian and North American (US) students were more likely to depart before their study visas or extensions expired, whereas Russian, Bangladeshi, Pakistani and Saudi Arabian students were more likely to extend their leave to remain,” the ONS data said. Drop in the number of Indian students It also confirms a massive drop in the number of Indians choosing the UK as a destination of choice for their university education. Indian students accounted for approximately 9,600 visas granted in 2016 (or 7…

Community

Thousands celebrate at India Day Parade in New York

Thousands of people from the Indian diaspora converged in the heart of New York, in their traditional finery, to celebrate India’s 71st Independence Day at one of the largest parades outside India attended by ‘Baahubali’ actors Rana Daggubati and Tamannaah Bhatia. The 37th India Day Parade organised by the Federation of Indian Associations – New York, New Jersey, Connecticut – ran through several streets in Madison Avenue in Manhattan on Sunday and featured tableaux by several Indian-American organisations, marching bands, police contingents and cultural performances by young Indian-American children. Greeting the crowd, New York city Mayor Bill de Blasio said the Independence Day parade celebrates the “extraordinary contributions” of the Indian-American community to the city. “This is a day we appreciate what people do for the city regardless of what they look like, regardless of what language they speak, regardless of where they were born. Everyone here contributes to making…

Community

12-year-old Indian-origin boy crowned ‘Child Genius’ in UK

A 12-year-old Indian-origin boy has been crowned the UK’s ‘Child Genius’ in a popular television quiz competition, days after he became an overnight sensation after answering all questions correctly. Rahul Doshi won the Channel 4 show ‘Child Genius’ by beating his nine-year-old opponent – Ronan – 10-4 in the programme’s finale last night. He had become an overnight sensation earlier this week after he answered all questions correctly. The schoolboy from north London clinched the title by answering a question on 19th Century artists William Holman Hunt and John Everett Millais. “It didn’t sink in straight away, but it was really nice,” Rahul said after winning the title. In the final, Rahul impressed with knowledge of his chosen subject – Edward Jenner’s medical innovation and methodology in 18th Century England. “I was bursting with pride,” said his father Minesh, an IT manager who had entered his son into the competition.…

Around The World

India can be UK’s natural partner after Brexit, says Swaraj Paul

India can be Britain’s natural partner at a much bigger level after Brexit, NRI industrialist Lord Swraj Paul has said. He said the UK’s decision to leave the European Union gives an opportunity to Britain and India to work together and gain from each other. “Britain is coming out of Europe and India can be its natural partner on a much bigger level so I invite you to look at Britain as your first choice,” said Paul, Chairman of the Caparo Group of industries. He was addressing the 17th National Conference of Confederation of Real Estate Developers’ Association of India here last evening on the topic ‘India on the Global Stage’. “We have two countries; Britain who would love to see both trade and investment grow from India, and India who would like to see more investment from Britain into India. We must make use of this opportunity as it…

India

Only 24,000 overseas Indians have registered as voters

A little over 24,000 overseas Indians, who are entitled to cast their ballot in India, have registered themselves as voters. Now, in a bid to attract more such Indian citizens living abroad to become voters here, the Election Commission has launched a portal which allows them to register online. The portal can be accessed through the Election Commission website: eci.nic.in. The portal also has a long list of frequently asked questions to help people understand the procedure. Only 24,348 registered voters While there are no estimates on the number of overseas Indians eligible to vote in India, only 24,348 have registered with the poll panel. Out of these, 23,556 are from Kerala, 364 from Punjab and 14 from Gujarat, according to the data provided by the Commission. Who is an overseas elector? According to the ‘Overseas Indian Voters’ portal, an overseas elector is a person who is a citizen of India…

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