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60% of NRIs from Australia, Canada, USA, Singapore and Canada consider settling in India post-retirement: Survey

80 per cent of NRIs based in Australia and Singapore, 70 per cent from the UK and 75 per cent from the USA consider a return to India as part of their retirement plans

The Indian economy demonstrates great resilience across sectors, especially after the pandemic. The country continues to make itself financially stable for its citizens and non-residents. Against this backdrop, the majority of people who packed their bags to move abroad to accomplish their dreams are considering settling down in India after retirement.

The financial benefits India provides to its NRIs are quite significant as it allows them to earn in foreign currencies and convert their income to invest and save in India. In a recent survey, SBNRI—an NRI-focused fintech platform unveiled—at least 60 per cent of NRIs from Australia, Canada, the USA, the UK, and Singapore are considering returning to India as part of their retirement plans. The SBNRI platform surveyed 100 NRIs.

Though retirement planning is off the radar for many people in their 30s and 40s, NRIs have set a robust financial plan well in advance. The SBNRI survey reveals that 80 per cent of NRIs based in Australia and Singapore, 70 per cent from the UK and 75 per cent from the USA consider returning to India as part of their retirement plans, followed by 63 per cent of Canadian NRIs.

India is an emerging global start-up hub with momentous manufacturing capabilities, financial services and technology advancements. It is formulating a strong strategy to stabilise its economy. This has made a whopping 72 per cent of NRIs believe that India has a stable investment avenue for its inhabitants as well as non-residents. This gives an ample opportunity to NRIs to diversify their investments, ultimately affecting their decision to return to their native land post-retirement.

Mudit Vijayvergiya of SBNRI said, “India is making a strong rebound with digitised and stable economic activities emerging in the market. This makes India hold a promising future for investors. The country is also making it easy for NRIs to understand complex taxation systems and certain norms that make India a high return market for NRI investors to utilize as their retirement plans.”

Source: https://www.businesstoday.in/personal-finance/news/story/60-of-nris-from-australia-canada-usa-singapore-and-canada-consider-settling-in-india-post-retirement-survey-396848-2023-09-05

USA woman breaks longest beard record after giving up shaving three times a day

Erin Honeycutt, 38, from Michigan, USA, has been growing her beard for around two years.

It now measures 30 cm (11.81 in), officially breaking the world record for the longest beard on a living female.

The previous record of 25.5 cm (10.04 in) belonged to 75-year-old Vivian Wheeler (USA).

Erin’s beard is completely natural; she doesn’t take any hormones or supplements.

She has polycystic ovarian syndrome (PCOS), which is a condition that causes hormonal imbalance and can result in irregular menstruation, weight gain, infertility, and excess hair growth.

Erin’s facial hair began growing when she was 13. She used a variety of methods to deal with it, such as shaving, waxing, and using hair-removal products, however, she was constantly self-conscious about it.

“I was probably shaving at least three times a day,” she revealed.

Erin continued doing this throughout her teen years and into her adult life, however, after partially losing her vision, she became “tired of shaving”, so her wife, Jen, encouraged her to grow out her beard.

PCOS is not the only health issue that Erin has had to battle. In 2018, she injured her foot and was taken to the hospital, where, within the span of a week, she developed necrotizing fasciitis in her leg, which is a rare bacterial infection that results in the death of parts of the body’s soft tissue.

Source : https://www.guinnessworldrecords.com/news/2023/8/usa-woman-breaks-longest-beard-record-after-giving-up-shaving-three-times-a-day-756693

Flight cancellations, power cut, and flood alert issued as strong storms arrive in USA’s Washington DC area

US flights cancelled and delayed as destructive storms, including tornadoes, hail, and lightning, hit several states.Flight cancellations, power cut, and flood alert, marks the arrival of strong storms in DC

Storm clouds darken the sky over the Washington Monument, Monday, Aug. 7, 2023, in Washington. Thousands of federal employees were sent home early Monday as the Washington area faced a looming forecast for destructively strong storms, including tornadoes, hail and lightning. (AP Photo/Jacquelyn Martin) (AP)

Thousands of fligths were cancelled or delayed, electricity was shut, schools were closes, and people were asked to stay indoors as the US prepared for one of its worst weather events in near time.

THe weather forecast agency on Monday warned of destructively strong storms, including tornadoes, hail and lightning, and residents were warned to stay indoors and prepare for the worst.

In evening the rain began falling in the Washington area shortly after 5 pm, and the skies gradually turned an ominous dark gray, a precursor to the severe weather and mass power outages that were predicted.

Tornado threat in Washington
The national weather service issued a tornado watch for the greater DC area till 9 pm. There was also flood warning till Tuesday morning. The weather service also warned of destructive hurricane-force winds along with the potential for large hail and tornadoes, even strong tornadoes.”

The storms’ spread was massive, with tornado watches and warnings posted across 10 states from Tennessee to New York. The National Weather Service said the area of greatest concern centred in the Washington-Baltimore region.

Flights cancellation
By Monday afternoon, more than 1,300 US flights had been cancelled and more than 5,500 flights were delayed, reported AP citing data from FlightAware. There were large number of cancellations from Hartsfield-Jackson Atlanta International Airport, which was digging out from disruptions caused by Sunday storms.

The Federal Aviation Administration said that it was changing the route of planes around storms heading to the East Coast. In case of adverse situation, it has warned of pausing flights in and out of the New York City area, Philadelphia.

Source: https://www.livemint.com/news/world/flight-cancellations-power-cut-and-flood-alert-issued-strong-storms-in-usas-washington-dc-areahurricanetornado-11691455427335.html