India added 3 billionaires each month in 2019; Mukesh Ambani richest

Current Affairs
India included in excess of three dollar extremely rich people each month in 2019, taking the count to 138 that has helped the nation to highlight at the third position all inclusive, says a report.
China and the US involved the first and second spot with 799 and 626 very rich people, individually. Altogether, India got 34 new extremely rich people to take the check to 138 on the rundown, beat by Mukesh Ambani of Reliance Industries with $67 billion in networth, printing Rs 7 crore consistently, and the number hops to 170 if Indian-starting point very rich people outside the nation are counted.
As indicated by the ninth version of the Hurun Global Rich List 2020, which has a rundown of 2,817 people over the globe having a networth of $1 at least billion, the world has included 480 tycoons in 2019, more than one per day, while China included in excess of three per week and India accomplished multiple extremely rich people a month. Be that as it may, as per the report, with 799 China is home to a greater number of very rich people than the US (626) and India consolidated and is set to include a lot more pharma tycoons this year as the socialist country battles a lethal coronavirus pandemic that has just slaughtered in excess of 2,710 individuals since mid-January.
There is nothing unexpected that Mumbai is the home to in excess of 33% of the most extravagant people in the nation with 50 of them living in the megapolis, making it the ninth most extravagant city internationally, trailed by New Delhi with 30, Bengaluru with 17 and Ahmedabad with 12.

With $67 billion, Ambani is likewise the ninth most extravagant on the planet which is bested by Jeff Bezos of Amazon with $140 billion. The second in the rundown is SP Hinduja family ($27 billion), Gautam Adani (somewhat over $17 billion), Shiv Nadar and family (near $17 billion)...READ MORE

42% of India's land area under drought, 500 mn people severely affected

Current Affairs

About 42% of India’s land area is facing drought, with 6% exceptionally dry--four times the spatial extent of drought last year, according to data for the week ending March 26, 2019, from the Drought Early Warning System (DEWS), a real-time drought monitoring platform.

Andhra Pradesh, Bihar, Gujarat, Jharkhand, Karnataka, Maharashtra, parts of the North-East, Rajasthan, Tamil Nadu and Telangana are the worst hit. These states are home to 500 million people, almost 40% of the country’s population.

While the central government has not declared drought anywhere so far, the state governments of Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Odisha and Rajasthan have declared many of their districts as drought-hit.

“Before monsoon, which is still far away, the next two or three months are going to be difficult in many of these regions,” Vimal Mishra, associate professor at the Indian Institute of Technology (IIT), Gandhinagar, and the developer of DEWS, told IndiaSpend.

Failed monsoon rains are the primary reason for the current situation. The North-East monsoon, also known as ‘post-monsoon rainfall’ (October-December) that provides 10-20% of India’s rainfall, was deficient by 44% in 2018 from the long-term normal of 127.2 mm, as per data from the India Meteorological Department (IMD).

This compounded the rainfall deficit in the South-West (SW) monsoon (June-September) that provides 80% of India’s rainfall, which fell short by 9.4% in 2018--close to the 10% deficit range when the IMD declares a drought.


 India has experienced widespread drought every year since 2015, Mishra said, with the exception of 2017...Read More