1. Ricky Ponting appointed brand ambassador for Tasmania
Former Australian cricket captain Ricky Ponting has been appointed brand ambassador of his home state Tasmania and will join a government-led trade mission to the subcontinent that will explore export opportunities.
2. Ecologist Bibhuti Lahkar bags Heritage Heroes Award of IUCN
Assam-based ecologist and conservation activist Bibhuti Lahkar has become the first Asian to be awarded the prestigious Heritage Heroes Award by the International Union for Conservation of Nature (IUCN).
Lahkar received the award at the IUCNs ongoing World Conservation Congress in Honolulu, Hawaii last night, an IUCN release said.
Lahkar was among five conservationists across the globe to be nominated for this year’s Heritage Heroes Award, aimed at recognising "outstanding efforts" around the world in making a difference in the conservation of World Heritage sites in challenging situations, it said.
Lahkar has been working to save the grasslands, flora and fauna of Manas National Park area for the past two decades and is currently engaged as Manas Landscape Administrator for Aaranyak, an NGO working for biodiversity conservation in northeast India.
3. India’s 54 per cent wealth controlled by millionaires, most unequal country after Russia: Report
India is the second most ‘unequal’ country in the world after Russia, with millionaires controlling more than half of its total wealth, a report by Johannesburg-based wealth research firm New World Wealth said in a report.
In India, 54 per cent of its wealth is controlled by millionaires. While India is among the 10 richest countries in the world with a total individual wealth of $5,600 billion, the average Indian is quite poor, the report said.
“The higher the proportion the more unequal the country is. For instance, if millionaires control over 50 per cent of a country’s wealth, then there is very little space for a meaningful middle class,” the report said.
Worldwide, Russia is the most unequal country where millionaires control over 62 per cent of the nation’s total wealth.
Instead, Japan showed up as the most equal country, with millionaires controlling only 22 per cent of total wealth.
The report also found the US to be ‘surprisingly’ equal, with millionaires controlling around 32 per cent of the nation’s total wealth.
“This is surprising low considering all the negative press that the US gets in terms of income inequality,” it added.
Britain was found to be slightly less equal than the US, with its millionaires controlling around 35 per cent of the total wealth there.
Russia also tops the list of a country’s wealth held by billionaires (with net assets of $1 billion or more) with 26 per cent of the total Russian wealth held by this category of high net worth individuals.
Japan again is the most equal in this category, with billionaires controlling only three per cent of the total wealth of the country.
4. Abhinav Bindra announces retirement from Shooting
Abhinav Bindra, India's lone individual Olympic gold medallist, officially announced his retirement from shooting.
He announced his retirement after playing for almost two decades. In Rio Olympics 2016, Bindra nearly missed a second Olympic medal by a whisker and came fourth.
5. Urjit Patel assumes charge as new RBI Governor
Urjit Patel has assumed charge as the 24th governor of the Reserve Bank of India, the central bank announced.
He has taken over from Raghuram Rajan with effect effective September 4, 2016. The formal oath taking ceremony will be held Tuesday as September 4 was Sunday and September 5 was closed on account of Ganesh Chaturthi.
Patel was serving as RBI's deputy governor since January 2013 and was in charge of monetary policy.
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