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Welcome to the Current Affairs Section.

Welcome to the Current Affairs Section of BSC Academy. Get Daily & Latest Current Affairs 2021 for government job exams, UPSC, IAS/PCS, Banking, IBPS, SBI, RBI, SSC, Railway, UPPSC, BPSC, MPPSC, MPSC, KPSC, TNPSC, RPSC, UKPSC, APPSC and other competitive exams.

Trending Current Affairs

Centre bans new industries in river floodplains, Ganga projects exempted

Saturday February 19, 2022

The Centre has decided to ban the establishment of industries in river floodplains, changing earlier guidelines that industrial sites

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2008 Ahmedabad blasts: Gujarat court awards death penalty to 38, 11 get life imprisonment

Saturday February 19, 2022

A special court awarded the death sentence to 38 convicts for three offences under Section 302 of the IPC and Section 10 and 16(1) (2) of the

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India protests Singapore PM's comments on Indian lawmakers

Saturday February 19, 2022

India on feb 17 lodged a strong protest with Singapore over the comments made by its Prime Minister Lee Hsien Loong that

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Withdrawn 274 recovery notices against anti-CAA protestors: Uttar Pradesh govt; SC directs refund

Saturday February 19, 2022

The Uttar Pradesh government on feb 18 has told the Supreme Court that it has withdrawn 274 recovery notices and

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WHO says polio detected in Malawi in setback to eradication

Saturday February 19, 2022

The World Health Organization said authorities in Malawi have detected a case of polio in the southern African country's

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Philippines like New Zealand, rejects Myanmar in free-trade pact

Saturday February 19, 2022

The Philippines has followed New Zealand's decision to reject the inclusion of Myanmar in the world's largest free

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Co-promoter Gangwal resigns from IndiGo board; will gradually reduce stake in airline over 5 years

Saturday February 19, 2022

IndiGo's co-promoter Rakesh Gangwal on feb 18 resigned from the board of directors of parent company InterGlobe

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Dollar millionaires in India rise by 11% in 2021 but less happy than earlier: Survey

Saturday February 19, 2022

Dollar millionaires or those possessing a personal wealth of over Rs 7 crore rose by 11 per cent to 4.58 lakh households in

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Dollar millionaires in India rise by 11% in 2021 but less happy than earlier: Survey

Dollar millionaires or those possessing a personal wealth of over Rs 7 crore rose by 11 per cent to 4.58 lakh households in India at the end of the pandemic-hit 2021, as per a survey.

The survey of 350 such dollar millionaires also indicated that the number of those who classify themselves as happy in personal and professional lives slipped to 66 per cent in 2021, down from 72 per cent in the previous year.

The Hurun Report findings on the dollar millionaires come at a time when there is rising concern about the growing inequality in the country with a population of over 130 crore.

A recently released report by non-profit Oxfam pegged the wealth of top 100 richest Indians at USD 775 billion, and added that India accounted for 4.6 crore or half of the overall people on the planet falling into extreme poverty in 2021.

The report estimated the number of Indian dollar millionaires will increase by 30 per cent to touch 6 lakh households by 2026.

Mumbai is home to the largest number of dollar millionaires with 20,300 households in the list, followed by Delhi at 17,400 and Kolkata with 10,500, it said.

At a time when calls for taxing the super-rich are growing -- Oxfam advocated higher taxation to save lives -- less than a third among those surveyed felt paying taxes is a determinant of social responsibility.

Similarly, when calls for greater help through philanthropy are growing, only 19 per cent of the millionaires surveyed by Hurun said they believe in giving back to society.

Over two-thirds of those surveyed said they will prefer sending their kids abroad for education, with the US emerging as the favourite destination followed by the UK, New Zealand and Germany.

The survey also focused on consumption, and found that a fourth of those in the list change their cars every three years with the German carmaker Mercedes Benz emerging as the most preferred.

Watch collection is a favourite hobby among the millionaires and nearly two-thirds of those surveyed said they own four time pieces, the survey said, adding that Rolex is the most preferred brand.

Indian Hotels' Taj emerged as the most preferred hospitality brand, while Tanishq, also owned by the Tata Group, emerged as the favourite jewellery retailer.

Louis Vuitton was the most preferred luxury goods brand while Gulfstream was the most preferred private jet brand.

The number of dollar millionaires using UPI for payments has doubled to 36 per cent, while nearly a third of them said they are currently avoiding risks in their investments.

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