Kautilya

Household Wealth in India More than Doubles to $12.6 Trillion in 2019: Credit Suisse

The wealth per adult stood at US$ 14,569 as per the report, or up 3.3 per cent, while the debt grew 11.5 per cent to US$ 120 billion. The financial assets also grew at a lower 1.4 per cent as against 6.9 per cent increase in the non-financial assets, reflecting the volatile markets, the report notes, adding there are 8.27 lakh adults in the top 1 percent of global wealth-holders, who own 1.6 percent of the global wealth.

India, China Coordinate Patrolling of Disputed Area

Fish Tail-I and II are in the easternmost corner of Arunachal Pradesh. Fish Tail -I is largely glaciated terrain, and patrols from either side are few and far between. The proposal for “coordinated patrolling” was made by India at a high-level meeting between the Chinese People’s Liberation Army and the Indian army in June in the run-up to the informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping in Mamallapuram,Tamil Nadu, earlier this month.

Sig Sauer Rifles to be Made Available to Infantry by Year-End: Army chief

“The infantry soldiers are ever-ready to go into battle on short notice, and the Army wants to empower them. And the empowerment happens by giving the soldier the right kind of war-waging material necessary for a soldier to accomplish its mission,” Rawat said. “And, let me assure you, the best rifle available in the world, Sig Sauer from the US will be made available to the infantry by the end of this year,” he said.

India to Host France for a Joint Military Exercise from October 31 – Ex Shakti -2019

The Sikh Regiment of Sapta Shakti Command will represent the Indian Army in this exercise while troops of the 21st Marine Infantry Regiment of 6th Armoured Brigade will be present on behalf of the Army of France. The training will focus primarily on the high degree of physical fitness, sharing of the drill at a tactical level and learning of the best practices from each other.