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<keyword id="20010841" type="General" weightage="20" keywordseo="sports" source="keywords">Sports</keyword> Minister <keyword id="19906409" type="General" weightage="20" keywordseo="mansukh-mandaviya" source="keywords">Mansukh Mandaviya</keyword> on Friday launched the second phase of the <keyword id="22473016" type="General" weightage="100" keywordseo="KIRTI" source="keywords">KIRTI</keyword> project with an aim to identify one lakh young <keyword id="19929069" type="General" weightage="20" keywordseo="athletes" source="keywords">athletes</keyword> within 100 days, for support. He felt the nationwide <keyword id="19973896" type="General" weightage="20" keywordseo="talent" source="keywords">talent</keyword> hunt under <keyword id="20305504" type="General" weightage="20" keywordseo="Khelo-India" source="keywords">Khelo India</keyword> Rising Talent Identification (KIRTI) will prove to be a stepping stone to making India one of the top five nations in the <keyword id="19986816" type="General" weightage="20" keywordseo="Olympic" source="keywords">Olympic</keyword> Games by 2047. "India is full of diversity and potential. There has never been a shortage of brainpower, manpower, or talent in India," said <keyword id="19996309" type="General" weightage="20" keywordseo="Mandaviya" source="keywords">Mandaviya</keyword> after launching the second phase of the programme at the Jawaharlal Nehru Stadium here. "Not just the cities, but even in our far-flung areas like the North-East, Coastal, Himalayan and tribal areas can have a quality sportsperson there." In the third Phase, the KIRTI program will include all 20 disciplines of the Khelo India scheme. The first phase of KIRTI was launched in Chandigarh on March 12 this year. "We need to have a steady stream of these high-performing assets and that's where KIRTI, a stepping stone to sporting excellence, comes into play. "Everyone will be given opportunities to develop their sports skills, whether they live in a village or a city, and whether they come from a poor background or otherwise." In Delhi, <keyword id="19950124" type="General" weightage="20" keywordseo="sports-authority-of-india" source="keywords">Sports Authority of India</keyword> (SAI) shall conduct assessment of over 25000 MCD students in 12 zones and cover 5 major disciplines: Athletics, Football, Volleyball, Kabaddi, and Kho-Kho, for almost one month. Addressing school-going children, who attended the launch event, Mandaviya said, "Among you, there will certainly be an Olympic champion. I appreciate the fact that your parents have come and are backing you to play sports."

One lakh athletes to be identified within 100 days under KIRTI: Sports Minister Mansukh Mandaviya

India has signed mutual recognition agreements (MRAs) with <keyword id="551085" type="General" weightage="20" keywordseo="customs-authorities" source="Orion">customs authorities</keyword> of seven nations and is actively pursuing negotiations for such pacts with other countries, a top official said. The Central Board of Indirect Taxes and Customs and the Federal Customs Service, Russia, this month signed the Authorised Economic Operator (AEO) MRA to provide reciprocal benefits to accredited and trusted exporters of both signatories in the clearance of goods by the customs authorities of the importing country. "The CBIC and the Federal Customs Service, Russia signed the <keyword id="21760232" type="General" weightage="20" keywordseo="Authorized-Economic-Operator" source="keywords">Authorized Economic Operator</keyword> (AEO) Mutual Recognition Agreement, which is a major <keyword id="20467509" type="General" weightage="20" keywordseo="trade-facilitation" source="keywords">trade facilitation</keyword> boost for Indian importers and exporters. While this is the 7th MRA that has been signed by <keyword id="20001024" type="General" weightage="20" keywordseo="indian-customs" source="keywords">Indian Customs</keyword>, negotiations are being actively pursued with many other Customs' administrations," CBIC Chairman <keyword id="159142" type="General" weightage="20" keywordseo="Sanjay-Kumar-Agarwal" source="Orion">Sanjay Kumar Agarwal</keyword> said in a communication to field formation. The AEO programme enables Customs administration to identify safe and compliant exporters and importers and to provide them with better facilitation. AEO MRA is already in place for seven countries, including Korea, UAE, Hong Kong and Taiwan.

India signs customs mutual recognition agreements with seven nations; Actively pursuing more, says CBIC chief

Climate Action 15: 2024's top global innovators powering green solutions

Dear reader, This week’s news roundup captures a mix of finance, technology, and career insights, spotlighting trends and timely advice. The <keyword id="19895040" type="General" weightage="20" keywordseo="Real-Estate" source="keywords">real estate</keyword> sector in India continues to reign supreme in investment portfolios, even as new financial opportunities emerge. Meanwhile, <keyword id="20019820" type="General" weightage="20" keywordseo="Job-Seekers" source="keywords">job seekers</keyword> are dealing with “ghosting,” a new twist in recruitment echoing modern dating. In tech, a damaged satellite shows how fragile internet infrastructure can disrupt connectivity, while an <keyword id="23685266" type="General" weightage="20" keywordseo="Amazon-Engineer" source="keywords">Amazon engineer</keyword> offers a firsthand roadmap to nailing technical interviews. Read on to know about the top stories of the week gone by. <h2>Real Estate continues to dominate India’s investment portfolios, shows <keyword id="23616651" type="General" weightage="20" keywordseo="FICCI-Report" source="keywords">FICCI report</keyword></h2> According to a FICCI report, real estate remains a favourite in Indian investment portfolios. High returns, capital appreciation, and stability make it a popular choice, even amid increased diversification. <a href="https://www.businessinsider.in/finance/news/real-estate-continues-to-dominate-indias-investment-portfolios-shows-ficci-report/articleshow/114368582.cms" data-type="tilCustomLink" target="_blank">Read more</a> <h2>Did you experience wonky broadband service recently? A broken satellite in space might have something to do with it! </h2> Broadband disruptions across various areas may stem from a broken satellite, highlighting vulnerabilities in space-based infrastructure. This issue underscores how satellite failures impact daily internet access. <a href="https://www.businessinsider.in/science/space/article/did-you-experience-wonky-broadband-service-recently-a-broken-satellite-in-space-might-have-something-to-do-with-it/articleshow/114535180.cms" data-type="tilCustomLink" target="_blank">Read more</a> <h2>Bhavish Aggarwal's <keyword id="19897349" type="General" weightage="100" keywordseo="Ola-Electric" source="keywords" meta.keywordsubtype="org" meta.entityname="Ola Electric" meta.hostid="261" meta.entityid="Ola Electric">OLA Electric</keyword> says it has resolved 99% customer complaints after receiving CCPA show cause notice </h2> Two-wheeler manufacturer Ola Electric announced that it has successfully addressed 99.1% of the 10,644 complaints raised by the Central Consumer Protection Authority (CCPA). This update came on the heels of a recent notice from the CCPA, which had accused the company of misleading advertisements, unfair trade practices, and potential consumer rights violations. <a href="https://www.businessinsider.in/business/news/bhavish-aggarwals-ola-electric-says-it-has-resolved-99-customer-complaints-after-receiving-ccpa-show-cause-notice/articleshow/114489333.cms" data-type="tilCustomLink" target="_blank">Read more</a> <h2>Job Hunting in 2024 has a modern dating element: Ghosting </h2> Job seekers in 2024 face an unexpected trend — “ghosting,” a phenomenon borrowed from dating. Recruiters and candidates alike are leaving communication abruptly, signalling changing norms in the hiring process. <a href="https://www.businessinsider.in/careers/news/job-hunting-in-2024-has-a-modern-dating-element-ghosting/articleshow/114454697.cms" data-type="tilCustomLink" target="_blank">Read more</a> <h2>I'm a software engineer at Amazon. Here's my step-by-step guide to nailing the <keyword id="23685264" type="General" weightage="20" keywordseo="Technical-Interview" source="keywords">technical interview</keyword> and breaking into tech </h2>An Amazon software engineer has shared tips for acing technical interviews. The guide includes key interview stages and actionable strategies for breaking into tech, providing valuable insights for job seekers. <a href="https://www.businessinsider.in/tech/news/im-a-software-engineer-at-amazon-heres-my-step-by-step-guide-to-nailing-the-technical-interview-and-breaking-into-tech-/articleshow/114430281.cms" data-type="tilCustomLink" target="_blank">Read more</a> <h2>Web stories</h2> <h2><a href="https://www.businessinsider.in/travel/international/webstories/most-famous-tourist-spots-in-brics-nations/slidelist/114543399.cms" data-type="tilCustomLink" target="_blank"></a></h2><a href="https://www.businessinsider.in/travel/international/webstories/most-famous-tourist-spots-in-brics-nations/slidelist/114543399.cms" data-type="tilCustomLink" target="_blank">Most famous tourist spots in BRICS nations</a> <a href="https://www.businessinsider.in/india/webstories/cyclones-that-shook-india-a-history-of-devastation/slidelist/114514841.cms" data-type="tilCustomLink" target="_blank">Cyclones that shook India</a> <a href="https://www.businessinsider.in/science/health/food/webstories/9-refreshing-drinks-that-reduce-high-blood-pressure-levels/slidelist/114426482.cms" data-type="tilCustomLink">9 refreshing drinks that reduce high blood pressure</a>

Weekend wrap: Real estate dominates India's investment portfolios, interview tips from Amazon employee and more

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

Top 10 richest women in the world in 2024

<ul class="summary-list"><li>Indian authorities have seized over $1 billion in cash, drugs, and goods in the country's elections.</li><li>The amount has surpassed the total seized during the whole of the last general election in 2019.</li></ul>The Election Commission of <a target="_blank" href="https://www.businessinsider.com/india-economy-growth-booming-modi-seize-moment-problems-davos-2024-2">India</a> (ECI) said it has seized 88.9 billion rupees, or around $1.1 billion, in drugs, cash, and other goods like precious metals and liquor as part of its efforts to stamp out illegal vote inducements in the country's general election.The Indian government's Press Information Bureau said in a <a target="_blank" href="https://pib.gov.in/PressReleasePage.aspx?PRID=2021017">press release</a> on Saturday that the "Election Commission's determined and concerted assault on money power and inducements in the ongoing Lok Sabha elections has resulted in staggering seizures worth Rs 8889 crores by the agencies."The commission said it took a "'zero-tolerance' approach to any form of inducements which may influence the voters," adding that the haul had already surpassed the total seized during the whole of the last general election in 2019.The press release adds that drugs have made up 45% of the value of the seizures so far.<div type="image" title="India's Prime Minister Narendra Modi greets crowds of supporters during a roadshow in support of state elections on March 04, 2022 in Varanasi, India." height="1169" width="1660" msid="110251900" hostid="261" sizebytes="163224"></div>The winner of India's general election, which began on April 19 and ends on June 1, will be announced on June 4.The governing Bharatiya Janata Party (BJP) is expected to come out on top once again, which would see Narendra Modi, 73, return for a third term as prime minister.It is the world's largest democratic election, with <a target="_blank" href="https://www.theguardian.com/world/2024/apr/18/india-mammoth-election-explained-narendra-modi-bjp">almost 970 million people</a> eligible to vote.During Modi's tenure, India has become an increasingly important global power, <a target="_blank" href="https://www.businessinsider.com/modi-india-election-economy-russia-oil-wealth-dimon-cook-musk-2024-5">overtaking Britain to become the world's fifth-largest economy</a> and forging ever-stronger relations with the US, which wants India as a key ally against China.But critics of the prime minister and his party say he is a divisive figure that has attempted to demonize minorities in the country.The <a target="_blank" href="https://www.eiu.com/n/indias-general-election-2024-the-story-so-far/">Economist Intelligence Unit</a> said in a report in May that it believed the BJP's reelection had "the potential to deepen communal rifts within the country," noting "the party's Hindu-nationalist agenda" and previous instances of unrest.It added that "although multinationals will remain wary about India's domestic track record on communal relations, its large market and growing economy will overshadow these considerations."

Indian authorities seize over $1 billion worth of illegal vote inducements, including drugs and cash, in country's elections

Union Minister <keyword id="20150028" type="General" weightage="20" keywordseo="Chirag-Paswan" source="keywords">Chirag Paswan</keyword> expressed his disagreement with the <keyword id="19895345" type="General" weightage="20" keywordseo="Supreme-Court" source="keywords" meta.keywordsubtype="org" meta.entityname="Supreme Court" meta.hostid="261" meta.entityid="Supreme Court">Supreme Court</keyword>'s observation on <keyword id="22418374" type="General" weightage="20" keywordseo="creamy-layer" source="keywords">creamy layer</keyword> among Scheduled Castes and Scheduled Tribes, and said that the <keyword id="22663720" type="General" weightage="20" keywordseo="Lok-Jandhakti-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Lok Jandhakti Party" meta.hostid="261" meta.entityid="Lok Jandhakti Party">Lok Jandhakti Party</keyword> (Ram Vilas) will be filing a review peition against the ruling. Emphasising that <keyword id="20053971" type="General" weightage="20" keywordseo="Dalit" source="keywords">Dalit</keyword> people in various spheres of life still face <keyword id="21301343" type="General" weightage="20" keywordseo="untouchability" source="keywords">untouchability</keyword>, Paswan said that the basis of giving <keyword id="19914887" type="General" weightage="20" keywordseo="reservation" source="keywords">reservation</keyword> to Scheduled Caste is 'untouchability,' so there is no point of creamy layer in it. "We disagree with the observation of the Supreme Court and we have registered this disagreement prominently. We are clear about this that the base of the Scheduled Caste is untouchability. It does not have an educational or economic basis. In such a situation, there can be no provision of creamy layer in it, reservation within the reservation is not correct, because even today the example of a Dalit youth is given who is prevented from riding a mare," Chirag Paswan told reporters on Sunday. "There are many such big names, who are on high posts, but even after they go to the temple, the temple is washed with Ganga water, so even today discrimination takes place based on untouchability... We, LJP (Ram Vilas) are also going to file a <keyword id="20143564" type="General" weightage="20" keywordseo="review-petition" source="keywords">review petition</keyword> in the Supreme Court regarding this matter," he added. The Supreme Court, in a landmark ruling on Thursday, ruled that states have the power to sub-classify SCs and STs and said that the authority concerned, while deciding if the class is adequately represented, must calculate adequacy based on effective and not quantitative representation. The top court ruled by a majority judgement of 6:1, that sub-classification within the SCs and STs reservation is permissible. As many as six separate opinions were delivered in the case. The judgement was delivered by the seven-judge bench led by Chief Justice of India DY Chandrachud, which overruled earlier judgement in the EV Chinnaiah matter, which had held that sub-classification was not permissible because SC/STs form homogenous classes. Besides CJI Chandrachud, other judges on the bench were Justices BR Gavai, Vikram Nath, Bela M Trivedi, Pankaj Mithal, Manoj Misra, and Satish Chandra Sharma. Justice Bela M. Trivedi, in a dissenting opinion, said that she disagreed with the majority judgement that sub-classification within the Scheduled Caste and Scheduled Tribes is permissible.

We will file review petition against top court's verdict on SC/ST subclassification: Chirag Paswan

Paris: Indian para-athlete <keyword id="20460399" type="General" weightage="20" keywordseo="Navdeep" source="keywords">Navdeep</keyword> expressed happiness at his <keyword id="20342188" type="General" weightage="20" keywordseo="gold-medal" source="keywords">gold medal</keyword> win at the Paris <keyword id="20396851" type="General" weightage="100" keywordseo="Paralympics" source="keywords">Paralympics</keyword> and opened up on his admiration for star javelin thrower and World Champion <keyword id="19968766" type="General" weightage="20" keywordseo="Neeraj-Chopra" source="keywords">Neeraj Chopra</keyword>. Navdeep's silver was upgraded to a gold medal after the initial winner, Islamic Republic of Iran's Sadegh Beit Sayah, got disqualified from the men's javelin F41 final at the Paris Paralympics on Saturday. Navdeep had initially finished second with a throw of 47.32 m, while Sadegh took the top honours with a Paralympic record of 47.64 m. Speaking to ANI, Navdeep, who started javelin throwing after being inspired by Neeraj, refused to be compared with India's Olympic gold medallist, saying, "I have been inspired by Neeraj, but I am not like him. He will always be my senior, and I cannot compare with him." On his medal win, he said, "It feels good that India could win the gold and when Paralympics were concluding, the national anthem was played. I am happy that medal tally has been concluded with a gold." Talking further about his win, Navdeep said that the coach gave him a target of 47 m to prove himself as a great javelin thrower to him and also recalled an episode of sportsmanship with the disqualified Irathlete Sadegh. "I had trained really well and analysed the track by talking to other players. I had gathered information about the track and talked to everything with my coach. Coach gave me a target to hit 46, but told me that I should hit 47, and he would consider me really great for that. When I got to know that the Iranian athlete was disqualified, I tried to console him and make him feel good. But I am happy to have got the gold," said Navdeep. He said that the medal was due to fine support from his family, the Sports Authority of India (SAI), the <keyword id="21310141" type="General" weightage="20" keywordseo="Olympic-Gold-Quest" source="keywords" meta.keywordsubtype="org" meta.entityname="Olympic Gold Quest" meta.hostid="261" meta.entityid="Olympic Gold Quest">Olympic Gold Quest</keyword> (OGQ), the central government, and the Athletics Federation of India (AFI). On talking with Prime Minister Narendra Modi after the medal win, Navdeep said, "I felt proud on talking with PM Modi. This produces a lot of motivation to do something so that we get to meet him again." The Indian contingent concluded its historic Paris Paralympics campaign with a total of 29 medals, including seven gold, nine silver, and 13 bronze medals, the most by the country in the history of the competition. With this landmark campaign, India has surpassed their previously most-successful campaign at Tokyo 2020 Paralympics, which gave them 19 medals, including five golds, eight silvers and six bronze medals.

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One lakh athletes to be identified within 100 days under KIRTI: Sports Minister Mansukh Mandaviya

PTI

India signs customs mutual recognition agreements with seven nations; Actively pursuing more, says CBIC chief

PTI

Climate Action 15: 2024's top global innovators powering green solutions

Insider Inc.

Weekend wrap: Real estate dominates India's investment portfolios, interview tips from Amazon employee and more

Divyanshi Sharma

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

PTI

Top 10 richest women in the world in 2024

BI India Bureau

Indian authorities seize over $1 billion worth of illegal vote inducements, including drugs and cash, in country's elections

Rebecca Rommen

We will file review petition against top court's verdict on SC/ST subclassification: Chirag Paswan

ANI

Cannot be compared to Neeraj Chopra: India's Paralympics gold medalist Navdeep after Paris triumph

ANI

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