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Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> urged CEOs of US majors to take advantage of India's growth story as the country is making all efforts to become the third largest economy of the world in his third term. India is currently the fifth largest economy of the world after the US, China, Germany and Japan with a GDP of around USD 3.9 trillion. India has been the fastest growing large economies of the world with GDP growth rate of over 7 per cent for the last three consecutive years. Addressing CEOs of the large US tech firms on Sunday, Modi said India will make every effort to become the third largest economy in the world in his third term (2024-29). Companies should take advantage of India's growth story for collaboration and innovation by co-developing, co-designing, and co-producing in India for the world, harnessing the opportunities from the country's economic and technological growth, he said. Assuring the business leaders of India's deep commitment to the protection of intellectual property and to fostering tech innovation, Modi highlighted the economic transformation happening in the country, particularly in electronics and information technology manufacturing and semiconductors. Modi asserted that his government was committed to making India a "global hub of <keyword id="20073013" type="General" weightage="20" keywordseo="semiconductor-manufacturing" source="keywords">semiconductor manufacturing</keyword>". The meeting took place at the Lotte <keyword id="19904497" type="General" weightage="20" keywordseo="New-York" source="keywords">New York</keyword> Palace Hotel on Sunday during the second leg of Modi's three-day US visit. It saw the participation of CEOs of 15 major US-based firms working on cutting-edge technologies such as AI, quantum computing and semiconductors. "Had a fruitful roundtable with tech CEOs in New York, discussing aspects relating to technology, innovation and more. Also highlighted the strides made by India in this field. I am glad to see immense optimism towards India," Modi said in a post on X. During the conference, Modi said technology collaboration and efforts such as the Initiative on Critical and Emerging Technologies (ICET) lie at the core of the India-US Comprehensive Global Strategic Partnership, according to a Ministry of External Affairs press release. Organised by the Massachusetts Institute of Technology (MIT) School of Engineering, the CEOs of top US tech firms, including Google CEO Sundar Pichai, Adobe CEO Shantanu Narayena, Accenture CEO Julie Sweet and NVIDIA CEO Jensen Huang attended the meeting. Others who participated in the roundtable included AMD CEO Lisa Su, HP Inc. CEO Enrique Lores, IBM CEO Arvind Krishna, Dr Noubar Afeyan, Chairman of Moderna, and Verizon CEO Hans Vestberg. Modi also talked about India's BIO E3 (biotechnology for environment, economy and employment) policy to develop the country into a biotech powerhouse and on the topic of AI, noted that India's policy is to promote AI for all, underpinned by its ethical and responsible use. The CEOs appreciated India's growing prominence as a global technology hub, driven by its innovation-friendly policies and flourishing market opportunities. They also expressed strong interest in investing and collaborating with India, agreeing that investing in startups would be a synergistic opportunity to innovate and develop newer technologies in the country. Others who attended the conference included Biogen Inc CEO Chris Viehbacher, CEO of Bristol Myers Squibb, Chris Boerner, Eli Lilly and Company CEO David A. Ricks, LAM Research CEO Tim Archer, GlobalFoundries CEO Thomas Caulfield, and the CEO of Kyndryl, Martin Schroeter. "Further cementing technology and business connect. PM @narendramodi interacted with the top tech leaders and CEOs of USA, in a Roundtable hosted by the Massachusetts Institute of Technology School of Engineering, in New York today. PM emphasised India's growth prospects and discussed initiatives to foster collaborations and innovation across diverse sectors," the official account of the MEA said in a post on X. The prime minister had a separate meeting with Krishna P Singh, CEO of Holtec International, which is into nuclear and solar power generation. They discussed Holtec's plan for expanding manufacturing in India and advancing energy cooperation, PMO India said in a post on X. Earlier on Sunday, Modi addressed the <keyword id="20115166" type="General" weightage="20" keywordseo="Indian-diaspora" source="keywords">Indian diaspora</keyword> at the packed Nassau Veterans Coliseum on Long Island in New York. He also held bilateral meetings with world leaders at the sidelines of the UN General Assembly session here. Modi reached New York on Saturday after attending the Quad Leaders' Summit hosted by President Joe Biden in Wilmington, Delaware. <div type="Article" hostid="261" msid="113516805" title="Why is Indian Prime Minister Narendra Modi visiting the US this weekend?" mstype="2" mssubtype="0"></div>

PM Modi invites US CEOs to take a 'byte' out of India's growing technology sector

<ul class="summary-list"><li>The US X-37B and China's Shenlong are unmanned spacecraft that play secretive roles in space.</li><li>Space-based technology has long given the US military an edge.</li></ul>Just before the start of 2024, the United States and China <a target="_blank" href="https://www.airandspaceforces.com/x-37-chinese-space-plane-launch/">launched</a> what may be their most secretive spacecraft into orbit to little fanfare.Commonly referred to as space planes, the <a target="_blank" class="" href="https://www.businessinsider.com/missions-experiments-for-space-force-mysterious-x-37b-space-plane-2020-5">American X-37B</a> and the Chinese Shenlong are unmanned spacecraft so secretive that their launches were marked with little more than vague general statements from their governments.The <a target="_blank" class="" href="https://www.businessinsider.com/spacex-launched-a-top-secret-military-spaceplane-into-orbit-2023-12">launches</a> are the seventh and third missions for the respective spacecraft, and although they are highly classified, observers have had limited success in tracking some of their movements.The missions demonstrate exceptional leaps in the development of space planes, and come at a time when both the Chinese and US militaries have ramped up their <a target="_blank" class="" href="https://www.businessinsider.com/us-must-control-space-in-future-wars-top-marine-general-2023-12">space operations</a> — a new frontier that can determine the course of war.Space-based technology has long given the US military an edge. It can track the movements of enemy weapons with powerful <a target="_blank" class="" href="https://www.businessinsider.com/manned-orbiting-laboratory-crewed-us-spy-satellite-never-sent-to-space-2024-1">spy lenses</a> and provide the navigation and communications systems ships, aircraft, and troops in the field depend upon.Enter the space plane. From one vantage, they could be robot keepers who keep these large networks fueled and functional, but from another, they could be orbiting spies and saboteurs.What's clear is that their missions are getting more complex, as is their centrality to the strategies of the two countries that fly them.<div type="image" title="The uncrewed X-37B, seen here after its 2019 landing at NASA's Kennedy Space Center Shuttle Landing Facility, is believed to be about 30 feet long." height="1333" width="2000" msid="112761598" hostid="261" sizebytes="82008"></div><h2 id="3dc83e63-5cf2-42d5-8174-a6f3d2577c69">X-37B</h2>A space plane is a reusable spacefaring craft that can maneuver in space independently and also fly and glide within Earth's atmosphere. They are sent into space via a detachable <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-spacex-launch-secret-spy-satellites-space-force-government-2022-8">rocket booster</a>, and contain a cargo bay to deploy satellites and other objects for use and experimentation.After completing their mission, they independently return to Earth's atmosphere, land at a designated landing site on their own power, and prepare for their next mission. The most well-known space planes are the American <a target="_blank" class="" href="https://www.businessinsider.com/challenger-video-nasa-space-shuttle-program-2016-1">Space Shuttle</a> and the Soviet <a target="_blank" href="https://airandspace.si.edu/stories/editorial/soviet-buran-shuttle-one-flight-long-history">Buran</a>. But in contrast to the Space Shuttle, the X-37B is owned and operated by the military.The X-37B's origin begins in 1999, when the civilian space agency NASA awarded Boeing a contract to develop a small unmanned spacecraft capable of fitting inside the Space Shuttle. What they created was a small space plane measuring approximately 30 feet long and with a wingspan of 15 feet — roughly one-fourth the size of the now-retired Space Shuttle.It also contains a cargo bay measuring about 7 feet by 4 feet, which, in addition to housing satellites and other space cargo also holds a solar panel enabling the space plane to recharge. Boeing says the plane's avionics automate its descent from orbit and landing.In 2004, before a working prototype had even been built, the project was <a target="_blank" href="https://www.space.com/337-nasa-transfers-37-project-darpa.html">transferred</a> to the US Defense Department, specifically the Defense Advanced Research Projects Agency. Glide tests on the first testing prototypes (known as the X-37A), <a target="_blank" href="https://www.space.com/1226-rutan-white-knight-carries-37-space-plane-aloft.html">began in 2005</a>, with the first fully successful free glide occurring in 2006.That same year, the project was transferred from DARPA to the United States Air Force Space Command, which then built another model, <a target="_blank" class="" href="https://www.businessinsider.com/details-about-air-force-space-plane-that-spent-2-years-in-space-2017-5">the X-37B</a>. Also known as the Orbital Test Vehicle (OTV), two X-37Bs have been built.They have flown seven flights so far, with each being <a target="_blank" class="" href="https://www.businessinsider.com/unmanned-craft-us-space-force-lands-2-5-years-orbit-2022-11">longer</a> than the previous one. Though most of the details of the flights and their results remain classified, some information has been released to the public.<div type="image" title="The X-37B launched from NASA's Kennedy Space Center in 2017." height="1333" width="2000" msid="112761595" hostid="261" sizebytes="88120"></div>The first flight began on April 22, 2010, and saw the first X-37B remain in orbit for a total of 224 days. The second flight, which was the second X-37B's inaugural mission, began on March 5, 2011, and was extended well beyond its original 270-day limit to a total of 468 days. The third flight, beginning on December 11, 2012, marked the first time an X-37B had been reused, and lasted 674 days.The fourth flight began on May 20, 2015. Over the course of 717 days, the space plane tested new propulsion technology for satellites as well as the effects of radiation on certain objects.The X-37B's fifth flight on September 7, 2017 was launched atop Space X's <a target="_blank" href="https://www.spacex.com/vehicles/falcon-9/">Falcon 9</a> rocket (all previous launches were with the <a target="_blank" href="https://www.ulalaunch.com/rockets/atlas-v">Atlas V</a> rocket). Over the course of 780 days — a little over two years — the space plane performed a number of activities and experiments, including the deployment of multiple <a target="_blank" href="https://www.jpl.nasa.gov/topics/cubesats">CubeSat</a> satellites, which NASA foresees as an orbiting sensory network that can solve complex tasks with a "powerful central spacecraft."The sixth flight began on May 17, 2020, and lasted <a target="_blank" class="" href="https://www.businessinsider.com/unmanned-craft-us-space-force-lands-2-5-years-orbit-2022-11">908 days</a>. It was the first mission conducted under the command of the newly formed U.S. Space Force and may have been one of the busiest missions yet. It exposed select materials to space, tested the effects of space radiation on seeds, and deployed <a target="_blank" href="https://www.usafa.edu/research/research-centers/space-systems-research-center/">FalconSat-8</a>, a satellite built by US. Air Force Academy cadets to conduct five experiments.The X-37B's most recent and current flight began on December 28, 2023. Its mission is classified, with the Space Force <a target="_blank" href="https://www.spaceforce.mil/News/Article-Display/Article/3583347/department-of-the-air-force-scheduled-to-launch-seventh-x-37b-mission/">stating</a> only that it will be "operating the reusable space plane in new orbital regimes, experimenting with future space domain awareness technologies, and investigating the radiation effects on materials provided by NASA."The <a target="_blank" class="" href="https://www.businessinsider.com/space-force-guardian-nick-hague-spacex-rocket-iss-2024-2">Space Force</a> has not given the X-37B's flight path, but because it was launched atop SpaceX's <a target="_blank" class="" href="https://www.businessinsider.com/photo-spacex-falcon-heavy-launchpad-blasted-lightning-rocket-spaceflight-musk-2023-5">Falcon Heavy rocket</a>, there has been speculation that the space plane could be headed for a much higher orbit than previous missions, as the rocket is one of the most powerful in the world.<div type="image" title="A Long March-2F rocket blasted off in October carrying a manned spaceship from China's Jiuquan Satellite Launch Center. The Shenlong was launched on December 14 from the same center without images or fanfare." height="1333" width="2000" msid="112761594" hostid="261" sizebytes="201664"></div><h2 id="ef23e953-67f4-4399-8bc9-c452d0019685">Shenlong</h2>Named after the most important dragon god in Chinese mythology and first revealed in 2007, the Shenlong is thought to be a direct Chinese response to the X-37B.The program is surrounded in such extreme secrecy that there are no known images of the space plane in its current form. Images of what is believed to be a Shenlong test prototype <a target="_blank" href="https://www.space.com/18410-china-space-plane-project-mystery.html">mounted under the fuselage of an H-6 strategic bomber</a> in 2007 indicate that the craft is likely to be similar in appearance to the X-37B.Though its specific capabilities remain classified, it is known that, like the X-37B, the Shenlong is unmanned, that it is deployed via a rocket, that it is capable of adjusting its position and maneuvering in space, and that it can carry and deploy satellites and other space objects.Perhaps the most impressive thing about the Shenlong is the speed of its development. Though the exact start date is unknown, academic models of a Chinese space plane were reported as far back as 2000.Years of modelling, wind tunnel testing, and prototype test fights via deployment from H-6 bombers followed, and in 2011, the Shenlong reportedly made its first suborbital flight.On September 4, 2020, the Shenlong made its <a target="_blank" href="https://spacenews.com/chinese-reusable-experimental-spacecraft-releases-object-before-returning-to-earth/">first orbital flight</a>, which lasted two days and saw it release an object into orbit before returning to China on its own power. A second orbital flight began on August 4, 2022, and <a target="_blank" class="" href="https://www.businessinsider.com/china-lands-secretive-space-plane-after-months-in-orbit-2023-5">lasted</a> nine months.<div type="image" title="The X-37B launched on its sixth flight in May 2020 from Cape Canaveral Air Force Station." height="1280" width="2000" msid="112761596" hostid="261" sizebytes="165564"></div>In addition to being considerably longer, the Shenlong's second flight was far more eventful. About two months into its flight, the space plane <a target="_blank" href="https://spacenews.com/chinas-spaceplane-conducted-proximity-and-capture-maneuvers-with-subsatellite-data-suggests/">deployed a subsatellite and then practiced recovering it</a> at least two (and possibly even three) times, a capability for so-called proximity operations that may allow it to snatch an enemy's satellite.The Shenlong embarked on its third and current flight on December 14, 2023, just seven months after its second mission. In May, the Shenlong <a target="_blank" href="https://spacenews.com/chinas-secretive-spaceplane-conducts-proximity-operations-with-small-spacecraft/">released an object from its cargo hold, and began proximity operations</a>, possibly even recapturing it.How much longer the Shenlong will remain in orbit, as well as its future plans more broadly, remain secrets that the Chinese government has shown little appetite for divulging. The government has only <a target="_blank" href="https://app.xinhuanet.com/news/article.html?articleId=b9141bb29a221c45ac2ad0d44dc87fc6">said</a> that the space plane will eventually land in China, and that "reusable technology verification and space science experiments will be carried out as planned to provide technical support for the peaceful use of space."The vague wording resembles previous statements, like those of its builder, China Aerospace Science and Technology Corporation, which has previously said that the Shenlong "will provide a more convenient and inexpensive way to access space for the peaceful use of space in the future."<div type="image" title="The satellite networks of the US and its allies could be targeted by enemy spaceplanes." height="1280" width="1920" msid="112761592" hostid="261" sizebytes="362914"></div><h2 id="2f25d6b5-fe78-4384-a750-e76f8663eacb">Satellite threat</h2>Given the immense secrecy of the crafts and what is known about their capabilities, it's easy to understand speculation that the two space planes could be orbiting weapons platforms.The very fact that the US Department of Defense is in charge of the X-37B instead of <a target="_blank" class="" href="https://www.businessinsider.com/category/nasa">NASA</a> confirms that the US government believes that there is a military application for the space plane. Similarly, the fact that the Chinese government has been so silent on the Shenlong's activities despite its penchant for boasting about its other space accomplishments may be a tacit indication that there is more to the Shenlong than the 'peaceful use of space.'One of the most impactful possible uses of the space planes is as <a target="_blank" class="" href="https://www.businessinsider.com/us-condemns-irresponsible-russian-anti-satellite-test-threatening-space-station-2021-11">anti-satellite assets</a>. Both have deployed satellites from their cargo bays, and the Shenlong's proximity operations may be training runs for attacks on hostile satellites in orbit.<a target="_blank" class="" href="https://www.businessinsider.com/russian-inspector-satellite-chasing-secret-us-military-satellite-cat-mouse-2023-4">Proximity operations</a> are murky. They could be dress rehearsals for disrupting or eavesdropping on an enemy's satellite, just as they could be drills for missions to refuel and repair one of the country's own satellites.Satellites are among the most important assets for any first-rate military, as they are essential for secure communications, navigation, and intelligence gathering via orbital imaging and communication intercepts. They are even sometimes used to guide smart munitions to hostile targets as well.Neutralizing an enemy's satellites would be one of the most important objectives in any potential conflict between the world's foremost military powers. <a target="_blank" href="https://swfound.org/media/9550/chinese_asat_fact_sheet_updated_2012.pdf">China</a>, the <a target="_blank" href="https://www.thespacereview.com/article/4198/1">US</a>, <a target="_blank" href="https://carnegieendowment.org/research/2019/04/indias-asat-test-an-incomplete-success?lang=en">India</a>, and <a target="_blank" href="https://carnegieendowment.org/posts/2021/11/the-dangerous-fallout-of-russias-anti-satellite-missile-test?lang=en">Russia</a> have each demonstrated a capability to destroy satellites in orbit with anti-satellite missiles, but each of those tests resulted in the creation of large debris fields in orbit that took sometimes took years to disappear. Such debris fields could also pose a very severe threat to friendly satellites as well. China's anti-satellite missile test in 2007 triggered a space debris cloud that was an <a target="_blank" href="https://spectrum.ieee.org/hollywood-space-disaster-gravity-uses-kessler-syndrome-for-scares">inspiration</a> for the blockbuster film "Gravity."Having a way to neutralize or even capture satellites, then, could be a better alternative. Tapping into enemy satellites to eavesdrop or shut down their data streams and communications could also serve as a better alternative, and may also be possible with the assistance of space plane (similar to the tapping of underwater cables by submarines).With the militarization of space <a target="_blank" class="" href="https://www.csis.org/analysis/there-path-counter-russias-space-weapons">seemingly fast becoming</a> reality and with China's space program demonstrating that it can <a target="_blank" href="https://spacenews.com/chinas-shijian-21-spacecraft-docked-with-and-towed-a-dead-satellite/">tow away satellites</a>, it is likely that space planes will only become more important in the years ahead.Benjamin Brimelow is a freelance journalist covering international military and defense issues. He holds a master's degree in Global Affairs with a concentration in international security from the Fletcher School of Law and Diplomacy. His work has appeared in Business Insider and the Modern War Institute at West Point.

America's X-37B vs. China's Shenlong: Top space planes and their shadowy role in orbital war

PRNewswire—Bengaluru (Karnataka) [India], July 19: <keyword id="1606194" type="General" weightage="100" keywordseo="Aereo" source="Orion">Aereo</keyword>, India's leading <keyword id="22468617" type="General" weightage="20" keywordseo="drone-based-business-intelligence" source="Orion">drone-based business intelligence</keyword> provider, has successfully closed a <keyword id="22468616" type="General" weightage="20" keywordseo="USD-15-million" source="Orion">USD 15 million</keyword> <keyword id="1095983" type="General" weightage="20" keywordseo="Series-B-funding" source="Orion">Series B funding</keyword> round led by 360 ONE Asset. The round saw participation from long-standing investors StartupXseed Ventures and Navam Capital. Aereo delivers <keyword id="20829411" type="General" weightage="20" keywordseo="business-intelligence" source="keywords">business intelligence</keyword> solutions to help manage large capital assets using proprietary drones and an AI-powered data analytics platform. Their sector-specific solutions cater to mining, infrastructure, urban and rural development, land records, and other industries translating into a 400% revenue growth in the last two years and market dominance. Vipul Singh, co-founder and CEO of Aereo, stated, "This funding milestone enables us to expand our <keyword id="22468614" type="General" weightage="20" keywordseo="aerial-intelligence" source="keywords">aerial intelligence</keyword> solutions for capital asset management. With our proprietary drone tech and 360 ONE Asset's partnership, we aim to revolutionise this $10 billion industry and create a global footprint." <keyword id="22468618" type="General" weightage="20" keywordseo="Suhas-Banshiwala" source="Orion">Suhas Banshiwala</keyword>, co-founder and CTO of Aereo, stated, "Our vision is to continuously innovate drone manufacturing and data analytics for the greater good. We are excited about the confidence our customers and shareholders have shown and are gearing up for an orbital shift." Aereo has been recognised by the Asian Infrastructure Investment Bank (AIIB) as one of the top three infra-tech organisations. As a technology partner for Coal India Limited's Digicoal initiative, Aereo provides critical business intelligence for some of the world's largest coal mines for improving productivity, efficiency, safety, and environmental compliance. It has also been empanelled with Tata Steel since 2019, aiding the digitalisation of over 27 critical mines and stockyards. Over the past three years, Aereo has achieved significant milestones, including mapping over 45,000 villages under the SVAMITVA scheme and covering more than 50,000 sq. km of land area for the Digital India Land Record Modernisation Program (DILRMP). The Series B investment serves as a powerful catalyst for Aereo's growth, with a key focus on automation. Their AI-powered drone data analytics platform is set to revolutionise automation and digitisation. With strategic partnerships, R&amp;D, and new product development, Aereo is ready to lead the global <keyword id="22468613" type="General" weightage="20" keywordseo="drone-solutions" source="keywords">drone solutions</keyword> sector. Karan Ahuja, Fund Manager at 360 ONE, remarked, "We're thrilled with the momentum in the <keyword id="22468615" type="General" weightage="20" keywordseo="commercial-drone" source="keywords">commercial drone</keyword> tech sector in India. Our partnership with Aereo reflects our belief in their cutting-edge innovations, and we're excited for their solutions to go global." Ravi Thakur, Co-Founding Partner at StartupXseed, added, "Aereo has been a trailblazer from the start, delivering exceptional solutions and building the drone ecosystem. We're excited to support them in their next major growth phase."

Aereo, India's leading commercial drone solutions startup, secures USD 15 million in Series B funding round

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New Delhi, <keyword id="20191902" type="General" weightage="20" keywordseo="inequality" source="keywords">Inequality</keyword> in <keyword id="19895063" type="General" weightage="20" keywordseo="india" source="keywords">India</keyword> has skyrocketed since early 2000s, with the income and wealth share of top 1 per cent population rising to 22.6 per cent and 40.1 per cent, respectively, in 2022-23, according to a working paper. The paper titled 'Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj' said between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration. The paper authored by <keyword id="21027543" type="General" weightage="20" keywordseo="thomas-piketty" source="keywords">Thomas Piketty</keyword> (<keyword id="21028261" type="General" weightage="20" keywordseo="paris-school-of-economics-and-world-inequality-lab" source="keywords">Paris School of Economics and World Inequality Lab</keyword>), <keyword id="21028259" type="General" weightage="20" keywordseo="lucas-chancel" source="keywords">Lucas Chancel</keyword> (Harvard Kennedy School and <keyword id="21028262" type="General" weightage="20" keywordseo="world-inequality-lab" source="keywords">World Inequality Lab</keyword>) and Nitin <keyword id="21028260" type="General" weightage="20" keywordseo="kumar-bharti" source="keywords">Kumar Bharti</keyword> (New York University and World Inequality Lab). "Between 2014-15 and 2022-23, the rise of top-end inequality has been particularly pronounced in terms of wealth concentration. "By 2022-23, top 1 per cent income and wealth shares (22.6 per cent and 40.1 per cent) are at their highest historical levels and India's top 1 per cent income share is among the very highest in the world, higher than even South Africa, Brazil, and the US," the paper said. According to the paper, the Indian income tax system might be regressive when viewed from the lens of net wealth. "A restructuring of the tax code to account for both income and wealth, and broad-based public investments in health, education and nutrition are needed to enable the average Indian, and not just the elites, to meaningfully benefit from the ongoing wave of globalisation," it noted. As per the paper, besides serving as a tool to fight inequality, a "super tax" of 2 per cent on the net wealth of the 167 wealthiest families in 2022-23 would yield 0.5 per cent of national income in revenues and create valuable fiscal space to facilitate such investments. The paper said the quality of economic data in India is notably poor and has seen a decline recently. It said India's top 1 per cent population's income share appears to be among the highest in the world "behind only perhaps Peru, Yemen and a couple of other small countries". "In terms of top wealth shares, we see that both with top 10 per cent and top 1 per cent, India comes out in the middle of the pack, with Brazil, and South Africa standing out with their extreme wealth concentration levels (85.6 per cent and 79.7 per cent top 10 per cent shares, respectively)," the paper said.

Inequality rising since 2000s, top 1% in India holds 40% wealth, says study

<ul class="summary-list"><li>Last fall, the school where I teach decided to ban cellphones in the classroom. </li><li>Students have to leave them in specific locations at the start of each class. </li></ul>Last fall, as the school year resumed across the nation, <a target="_blank" href="https://www.youtube.com/watch?v=edzAqTlXZ1c">the school I work at </a>implemented a new cellphone policy.In short, <a target="_blank" href="https://www.businessinsider.com/high-school-banned-phones-in-classroom-kids-actually-liked-it-2023-9">phones were banned</a> in the classroom, not just in a "keep them out of sight" way, but by creating specific locations where students were required to leave their phones at the beginning of each class so their devices weren't near them. This was met with some <a target="_blank" class="" href="https://www.businessinsider.com/what-9th-graders-wish-parents-knew-about-high-school-2023-9">push-back from upperclassmen</a> and parents, but overall, one month in, teachers and students agreed that the policy was effective in helping limit students' distractions and instead create learning environments conducive to focus and engagement.<h2 id="907b1956-3df5-4038-a725-bd5678df3c28">Kids paid more attention</h2>As the school year progressed, I paid attention to how the policy continued to impact <a target="_blank" class="" href="https://www.businessinsider.com/9th-grade-teacher-shares-what-she-wishes-parents-would-do-2022-9">my classes and students</a>. I often had to remind students at the top of a lesson to place their cellphones in their assigned caddy, and some students slipped through this system, either by coming to class late or simply flying under my radar. But all year, I repeated "phones in the caddy, please" without complaint because what I saw the rest of the period was worth it: kids with me as I explained that day's class, kids with each other even as the conversation felt tense while they discussed ethical dilemmas, kids with themselves — their own meandering thoughts — when, instead of sneaking a look at their phone under the desk, they sat still within the novelty of an <a target="_blank" class="" href="https://www.businessinsider.com/mom-stopped-using-cellphone-for-day-made-her-better-parent-2022-10">undistracted moment</a> and maybe even looked within.Some of my favorite days were when, after class had ended, a student would pop back in five or 10 minutes later because they'd forgotten about their phone's existence. For <a target="_blank" class="" href="https://www.businessinsider.com/chatgpt-ai-tools-replace-teachers-high-school-students-learning-education-2024-8">certain students</a>, this was no different than forgetting yesterday's assignment at home. But for others, they collected their phones with a different kind of sheepish grin: "Ms. B, I kind of forgot I even had a phone."<h2 id="9d712bfa-6696-400d-9034-96e422f873f8">They enjoy not having their phones with them</h2>And truly, when I asked students to respond this last spring about how they felt about the cellphone policy after experiencing it for a school year, their responses were nice to hear, too. Here are a few:<ul><li>"Although it might be a little inconvenient, I really enjoy the phone policy. It's easier for people to enjoy each other when they're not on their phones. When we can have our phones outside class, half the people are just sitting on their phones playing a game."</li><li>"The phone policy is perfect. Not having notifications distract me every second makes me learn better. Outside class, I am normally on my phone and often use it to procrastinate, which doesn't help me get my work done, so I appreciate someone keeping me accountable to put my phone away when class starts."</li><li>"To be completely honest, I think the phone policy is a really, really good and reasonable one. It has helped me to be focused and connected with my classmates, and the classroom dynamic is way better without phones."</li></ul>I could drop 50 more responses that look like these. After reading them and after talking to my colleagues who reported the same observational results and remain enthusiastic about continuing our school's phone policy into its second year, for me, the question transformed from, "Did the policy work?" to "Why aren't all schools implementing a similar policy?"<h2 id="05ab1e1f-ab5c-4517-bff1-90f63e85fcb7">Teens are already dealing with a lot</h2>In talking to teachers across the country, the reasons <a target="_blank" class="" href="https://www.businessinsider.com/why-masters-golf-tournament-bans-cell-phones">phone policies</a> don't work or are not implemented center on three main issues: safety (parents want their children to be reachable, especially during our era of heightened school violence), liability (phones are expensive, and in some districts, teachers have been held liable when they confiscated a phone the student later claimed was damaged), and lack of clear, consistent policy support (it can be difficult to rally an entire staff around a policy, maintain energy for its consistent enforcement, and make sure the work of its enforcement is upheld equitably).Those are understandable concerns. It's also true that phones and related technologies are things today's teenagers will have to learn to grapple with — without the accountability of a phone caddy — in their imminent futures.However, if you're a teacher, administrator, parent, or just someone who cares about the experience of young people in your community, I urge you to think beyond these concerns — What if they complain? What if I can't reach them? What if it doesn't work? — and take a few moments to reread what my students wrote above.What I hope you notice is that their feedback is rooted in appreciation.You've probably heard teenagers are dealing with a lot these days: the negative <a target="_blank" class="" href="https://www.businessinsider.com/guides/health/mental-health/how-does-social-media-affect-teenagers">effects of social media</a>, rising <a target="_blank" class="" href="https://www.businessinsider.com/how-to-tell-when-teen-is-uncomfortable-2023-11">rates of anxiety</a> and depression, plus the age-old pressures associated with growing up. When teens tell us they appreciate adults being adults, we should listen and then act by instigating some boundaries for them around their phones in the classroom. They might not say "thank you" in front of their friends, but then again, they might. In my experience, teens say all kinds of interesting things when they set their phones aside, lean forward, and start talking.

I'm a high school teacher, and my school banned cellphones in the classroom. Every school should do the same.

The Indian <keyword id="22572181" type="General" weightage="100" keywordseo="mens-hockey" source="keywords">men's hockey</keyword> team bounced back in the men's competition with a 3-2 win over <keyword id="19895799" type="General" weightage="20" keywordseo="Australia" source="keywords">Australia</keyword> in their Pool B match at the ongoing <keyword id="20006192" type="General" weightage="20" keywordseo="Paris-Olympics" source="keywords">Paris Olympics</keyword> on Friday. This is their <keyword id="20859692" type="General" weightage="20" keywordseo="first-victory" source="keywords">first victory</keyword> against Australia since the Olympics 1972 in Munich. India bounced back from a 1-2 loss to the defending champions Belgium in their previous game. "Breaking the 52-Year Wait! Celebrating our first win against Australia in the Olympics since 1972! This victory is for every Indian. Let's keep the momentum, let's keep the adrenaline! Onto the Quarter Finals FT: India 3 - 2 Australia Abhishek 12' Harmanpreet 13' (PC) 32' (PS) Thomas Craig 25' (PC) Blake Grovers 55' (PS) #Hockey #HockeyIndia #IndiaKaGame #HockeyLayegaGold #WinItForSreejesh #Paris2024 #IndvsAus," tweeted <keyword id="20063115" type="General" weightage="20" keywordseo="Hockey-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Hockey India" meta.hostid="261" meta.entityid="Hockey India">Hockey India</keyword>. Two names shined bright on India's scoresheet in the first quarter, with Abhishek (12') and skipper <keyword id="20349470" type="General" weightage="20" keywordseo="Harmanpreet-Singh" source="keywords">Harmanpreet Singh</keyword> (13') scoring within a space of two minutes at the Yves-du-Manoir Stadium. Thomas Craig (25') however, converted a penalty corner to bring Aussies back into the hunt. Harmanpreet scored his second goal in the third quarter start in the 32nd minute. A late penalty conversion from Blake Govers in the 55th minute ensured a thrilling end to the contest, in which India collected three points. India, the <keyword id="22645374" type="General" weightage="20" keywordseo="Tokyo-2020-bronze-medalists" source="keywords">Tokyo 2020 bronze medalists</keyword> dominated the ball possession with 54%, but Australia made 37 circle penetrations while attacking, way more than India, who made just 17. With this win, India has now displaced Australia to take the second spot in the pool with three wins, two draws and a loss. Australia is at third spot with three wins and two losses. The reigning Olympic champions Belgium have won all their matches and sit at number one while Argentina, having won two, lost and drawn one, complete the top four. The quarterfinals of the men's hockey competition are set to start from August 4.

Paris Olympics: India beat Australia for first time in Olympics since 1972, finish 2nd in Pool B

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<ul class="summary-list"><li>This post originally appeared in the Insider Today newsletter.</li></ul>Welcome back! Summer vacation have you dreaming about giving it all up and moving abroad? Luckily, six European towns are <a target="_blank" rel="noopener" href="https://www.businessinsider.com/get-paid-to-move-to-europe-greece-spain-switzerland-italy-2024-7">offering cash to help you move there</a>.Speaking of money and vacations: In today's big story, summer vacation means financial stress for parents looking to keep their kids busy while school is out <a target="_blank" href="https://www.businessinsider.com/cost-summer-camp-childcare-inflation-parents-debt-work-schedules-2024-7">without breaking the bank</a>.What's on deck:<ul><li>Markets: The June jobs report is <a target="_blank" href="https://www.businessinsider.com/unemployment-rate-job-growth-june-economic-data-2024-7">good news for a potential rate cut</a>.</li><li>Tech: The founder of Gen Z's new favorite app details <a target="_blank" href="https://www.businessinsider.com/noplace-app-takes-over-apple-charts-myspace-twitter-for-genz-2024-7">how she plans to avoid being just a fad</a>.</li><li>Business: The three worst letters in real estate: <a target="_blank" href="https://www.businessinsider.com/abolish-hoas-homeowner-associations-housing-market-real-estate-costs-2024-7">HOA</a>.</li></ul>But first, hello campers!If this was forwarded to you, <a target="_blank" href="https://www.businessinsider.com/subscription/newsletter/insider-today">sign up here.</a><h3 id="7fa5f018-5b05-4a37-a8dc-d3f89138bcb3">The big story</h3><h2 id="5fd547b9-ec52-41fc-8e08-4f4b27dd8097">The cost of summer</h2><div type="image" title="illustration of coin on swan" height="880" width="1168" msid="111587548" hostid="261" sizebytes="82826"></div>School's out for summer, but the relief for kids is causing financial pain for their parents.Summer can be a money pit for parents scrambling <a target="_blank" href="https://www.businessinsider.com/cost-summer-camp-childcare-inflation-parents-debt-work-schedules-2024-7">to keep their kids entertained in July and August</a>, write Business Insider's Juliana Kaplan and Madison Hoff.Summer childcare isn't cheap. Nearly a quarter of recently surveyed parents with kids in a summer program said they expect to pay more than $1,000 a month per child this summer. And those costs can balloon well beyond that, with one family spending $6,000 for a three-week sleepaway camp.Further complicating things is most camps don't cover the two-plus months parents need to fill for their kids. The result is sometimes a patchwork system of camps and part-time nannies that parents need to cobble together.Sometimes costs crop up before camp even starts. Parents spend hundreds, or even thousands, on <a target="_blank" href="https://www.businessinsider.com/parents-spend-hundreds-summer-camp-packing-services-kids-2024-6">packing and prepping their kids before shipping them off</a>.Just about everyone feels the squeeze on their wallets when the temperature rises.An Intuit Credit Karma survey found 61% of parents with children under 18 said it "feels even more expensive to raise kids in the summer months."It's a brutal reality check for parents who thought their days of high childcare costs were behind them when they became DIPS (<a target="_blank" href="https://www.businessinsider.com/parents-paying-preschool-childcare-costs-new-term-dinks-dips-henry-2024-2">dual income, public school</a>).Instead, some are even going into debt, despite sky-high credit card interest rates, to make it work.<div type="image" title="Illustration of a teddy bear with makeup in front of campgrounds and cabins." height="1500" width="3000" msid="111587547" hostid="261" sizebytes="1234734"></div>Things don't always get easier once kids are at camp, though.This year, skincare products proved to be <a target="_blank" href="https://www.businessinsider.com/sephora-kids-sleepaway-camps-ban-expensive-skincare-beauty-products-2024-6">a lightning rod for kids and parents at elite summer camps</a>, writes BI's Anna Silman. Outright bans or restrictions on luxury skincare products — because nine-year-olds need their daily lip oil — created chaos among their tweens.Of course, drama comes with the price of admission at these fancy establishments, which can run $16,000 for the summer.In 2021, Anna reported on how parents were <a target="_blank" href="https://www.businessinsider.com/sleepaway-camp-photo-drama-tyler-hill-2021-7">up in arms over the daily photos shown from camp</a>. Parents inundated camp employees with concerned or critical emails and calls as they tried to parent their children from hundreds of miles away.<h3 id="77f31a4c-8462-4e3d-a71f-838cb79493fb">News brief</h3><h2 id="1fcd294b-3f53-425f-9f20-4093e8623b59">Your Monday headline catchup</h2>A quick recap of the top news from over the weekend:<ul><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/boeing-big-mea-culpa-just-dropped-does-not-look-pretty-2024-7">Boeing's big mea culpa just dropped and it doesn't look pretty.</a></li><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/modi-putin-russia-india-relationship-not-worried-us-biden-mad-2024-7">Modi's Russia visit shows India isn't worried about making the US mad.</a></li><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/joe-biden-should-not-drop-out-election-prediction-allan-lichtman-2024-7">Kamala Harris won't save Democrats if she takes over for Biden, warns historian who correctly predicted 9 of the last 10 elections.</a></li><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/france-election-results-new-popular-front-2024-7">France's left-wing alliance blocks a far-right majority, projection shows.</a></li><li><a target="_blank" rel="noopener" href="https://www.businessinsider.com/russia-use-wwii-tactic-defend-against-ukrainian-drone-strikes-2024-7">Russia may resort to an old World War II tactic that had a key role in the D-Day landings to repel Ukrainian drone attacks.</a><a target="_blank" rel="noopener" href="https://www.businessinsider.com/mint-butterfield-teen-child-tech-founders-found-safely-police-2024-4">ded Slack and mom cofounded Flickr, found safe, police say</a>.</li></ul><h2 id="8120060b-ae66-48dc-b149-f0489a30ffa2">3 things in markets</h2><div type="image" title="man walking by power plants" height="546" width="1102" msid="111587552" hostid="261" sizebytes="147554"></div><ol><li>How to get in on the AI infrastructure trade everyone's talking about. You've read a lot about the role data centers and utilities play in powering AI. But where should you invest? <a target="_blank" href="https://www.businessinsider.com/ai-stocks-companies-building-out-infrastructure-goldman-sachs-picks-2024-7">Goldman Sachs identified 89 stocks across 10 sectors</a> that are key to AI infrastructure.</li><li>The June jobs report included a couple surprises. The US labor market added more jobs last month than expected (206,000). But an unexpected uptick in unemployment to 4.1% is good news for <a target="_blank" href="https://www.businessinsider.com/unemployment-rate-job-growth-june-economic-data-2024-7">investors hoping for an interest-rate cut</a>.</li><li>An activist short-seller's Pyrrhic victory. Hindenburg Research wiped out $150 billion in market value from the Adani Group when it accused the Indian conglomerate of sweeping fraud. Meanwhile, Hindenburg's rewards were meager: The short-seller made just $4 million for its efforts. <a target="_blank" href="https://www.businessinsider.com/hindenburg-research-adani-group-explained-stock-crash-short-seller-profits-2024-7">But its leader insists it's not about the money</a>.</li></ol><h2 id="f4b54806-7f81-450c-ba32-92560d4fae9b">3 things in tech</h2><div type="image" title="Phones with Noplace." height="553" width="738" msid="111587549" hostid="261" sizebytes="32544"></div><ol><li>Gen Z's new favorite social media is… MySpace 2.0? The app Noplace, which is going viral among young people, is a nod to the early days of social media before the "algos and ads" took over. <a target="_blank" href="https://www.businessinsider.com/noplace-app-takes-over-apple-charts-myspace-twitter-for-genz-2024-7">Its founder has a plan to keep it from fizzling out</a>.</li><li>How Andy Jassy secretly wooed Wall Street. After a rough start to his tenure as CEO, Jassy executed a stunning turnaround: He slashed costs, won over investors, and put a new stamp on Amazon's culture. More than a dozen employees, investors, and analysts explained <a target="_blank" href="https://www.businessinsider.com/amazon-andy-jassy-wooed-wall-street-overhauled-bloated-tech-giant-2024-7">how Jassy overhauled the tech giant for the better</a>.</li><li>Amazon laps Netflix in the race for TV ad dollars. Ad buyers told BI that <a target="_blank" href="https://www.businessinsider.com/amazon-beating-netflix-upfront-battle-for-tv-sports-dollars-2024-7">Amazon is leading streamers in the competition for advertisers</a>, thanks to its large sports footprint and lower prices. It also has a larger ad-supported audience, since it <a target="_blank" href="https://www.businessinsider.com/amazon-prime-video-preview-shake-up-tv-ad-marketplace-2024-1">switched on ads for all Prime Video users</a> in January.</li></ol><h2 id="9260fa45-d397-4b3c-b4f8-4bb193976216">3 things in business</h2><div type="image" title="Nosy neighbor with binoculars peeking over shrubs, shocked at neighbor's 'NO HOA' sign" height="900" width="1200" msid="111587555" hostid="261" sizebytes="92110"></div><ol><li>Down with homeowner associations. Millions of Americans live in neighborhoods with HOAs that operate as private quasi-governments. While a new Florida law has made strides to limit HOAs' power, it will take more than some modest adjustments. <a target="_blank" href="https://www.businessinsider.com/abolish-hoas-homeowner-associations-housing-market-real-estate-costs-2024-7">We may need to break the system entirely</a>.</li><li>Stay greasy, McDonald's. Over the course of many years, McDonald's forays into healthy alternatives haven't panned out. That's probably because no one is going there to enjoy a salad. Customers know that. McDonald's does, too — <a target="_blank" href="https://www.businessinsider.com/mcdonalds-should-stick-to-unhealthy-food-burgers-chicken-2024-7">and it shouldn't forget it</a>.</li><li>Gen Z in Neverland. A growing share of young Americans are living with their parents way past college, and relying on the Bank of Mom and Dad for support. But it isn't all their fault. Lacking social safety nets, <a target="_blank" href="https://www.businessinsider.com/gen-z-living-at-home-relying-on-parents-safety-net-2024-7">American parents are often left to provide cover</a>.</li></ol><h2 id="1ad7b482-3f4b-44b4-81b6-a864aa386478">In other news</h2><ul><li><a target="_blank" href="https://www.businessinsider.com/when-to-quit-six-figure-job-for-mental-health">3 high-earners share when they knew it was time to quit their 6-figure jobs: 'It was literally driving me to the edge.'</a></li><li><a target="_blank" href="https://www.businessinsider.com/samsung-apple-galaxy-iphone-battle-ai-intelligence-smartphones-2024-7">Samsung really wants to outsmart Apple in the Galaxy-iPhone battle</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/elon-musk-mocks-mark-zuckerberg-hydrofoil-video-2024-7">Elon Musk mocks Mark Zuckerberg's big hydrofoil swag moment and says he prefers to work instead of having fun on yachts</a>.</li><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-prediction-downgrade-ai-fully-valued-nvda-tech-2024-7">Why Nvidia just got a rare stock downgrade</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/hamptons-nightlife-clash-between-elite-clubs-and-angry-locals-2024-7">Elite nightclubs are forcing the Hamptons into an identity crisis</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/retire-early-expert-savings-advice-2024-7">I want to retire before 50, so I asked a financial planner for 3 ways to earn more on my savings</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/chase-warns-pay-free-services-checking-account-2024-7">Why your checking account may no longer be free</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/tech-workers-real-winners-ai-talent-war-pay-2024-7">Tech workers look like the real winners of the AI talent war</a>.</li></ul><h2 id="9f5d80ac-3466-429f-a50a-2ffbb70c65ff">What's happening today</h2><ul><li>Samsung workers <a target="_blank" rel="noopener" href="https://www.reuters.com/technology/samsung-workers-union-south-korea-kicks-off-three-day-strike-2024-07-08/">began a three-day strike</a>.</li><li>Russian President Vladimir Putin met with Indian Prime Minister Narendra Modi.</li></ul>The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Jordan Parker Erb, editor, in New York. Jack Sommers, deputy editor, in London. Annie Smith, producer, in London. Grace Lett, editor, in Chicago. Amanda Yen, fellow, in New York.

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