Economy / The Times of India
The UAE Golden Visa offers two elite pathways: property investment and yacht ownership. Real estate provides a practical, tax-efficient route with steady returns and family benefits, while yacht ownership targets ultra-wealthy maritime enthusiasts, requiring significant investment and ongoing costs. Both grant long-term residency, but real estate remains the more accessible and financially sensible option for most investors.
Despite low official unemployment figures, a deeper crisis looms: 24.3% of working-age Americans are functionally unemployed, according to LISEP. This includes those in low-wage or involuntary part-time work. The data reveals stark gender and racial disparities, challenging the illusion of economic recovery and raising urgent questions about what truly counts as employment in today's America.
Researchers at IIM Lucknow have found key factors for circular startups. These startups focus on reducing waste and reusing materials. The study highlights the importance of technology and collaboration. Clear business models and secure data are also crucial. Government support and funding can boost circular innovation. The findings offer a roadmap for entrepreneurs and policymakers in India.
Uttar Pradesh Chief Minister Yogi Adityanath highlighted India's economic growth under Prime Minister Modi's 11-year tenure, noting its rise to the fourth-largest global economy and a doubling of per-capita income. He emphasized the shift in India's approach to terrorism, advocating for peace but asserting a strong response to threats through surgical and air strikes.
India's External Affairs Minister S Jaishankar discussed the nation's growing alignment with Europe, highlighting economic progress and strong bilateral relations with Ireland. He emphasized the significance of finalizing the free trade agreement with the EU and the increasing convergence as India becomes a major global economy.