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New Delhi Breaks into Top 10 Cities Worldwide for Billionaires.

Representational Image | Source: Pixabay
New Delhi has joined the elite club of the world’s top 10 cities with the most billionaires, making its debut at ninth place, with a total of 57 billionaires, as per the latest Hurun Rich List 2024. This marks a significant jump for the national capital, with an increase of 18 billionaires compared to the previous year.
Taking a closer look at the top 10 cities with the highest number of billionaires globally, New York leads the pack with 119 billionaires, followed by London with 97, and Mumbai with 92. Beijing, Shanghai, Shenzhen, Hong Kong, Moscow, and San Francisco also feature prominently on the list.
Mumbai, known as India’s financial powerhouse, has emerged as the fastest-growing billionaire city worldwide, further cementing its status as Asia’s billionaire capital. India, as a whole, welcomed 94 new billionaires, the second-highest after the United States. The country now boasts a total of 271 billionaires.
The surge in wealth among Indian billionaires can be largely attributed to key industries such as pharmaceuticals, automobiles, auto components, and chemicals. Collectively, Indian billionaires hold a staggering $1 trillion in wealth, accounting for 7% of the world’s total billionaire wealth. The average age of Indian billionaires is 67, with 19 of them being women.
Among the standout figures contributing to India’s billionaire club, Gautam Adani and his family have seen a significant increase in wealth, thanks to the success of their energy conglomerate, the Adani Group. Mukesh Ambani and his family have retained their position as India’s richest, with Mukesh Ambani being the only Indian to feature in the world’s top 10 richest individuals.
News
Delhi Power Cut Alert for June 7: Full List of Affected Areas and Outage Timings.
Several parts of Delhi may face temporary electricity cuts on Sunday, June 7, due to planned repair and maintenance work on the power network.
People living in the affected areas should charge their phones, laptops, power banks, and other important devices before the scheduled shutdown period begins.
Areas Likely to Face Power Cuts
Mundka
9:00 AM to 11:00 AM
11:00 AM to 1:00 PM
12:00 PM to 2:00 PM
Tagore Garden
11:00 AM to 1:00 PM
Nangloi
11:00 AM to 2:00 PM
anakpuri
10:00 AM to 12:00 PM
Hauz Khas
9:00 AM to 10:30 AM
Power officials said the work is being carried out to keep the electricity system in good condition and help ensure a smoother supply in the coming months.
Advice for Residents
People in these localities should plan their day in advance and complete important tasks before the shutdown starts. It may also help to keep emergency lights, charged batteries, and power banks ready.
If residents face any power-related issue outside the announced timings, they can contact the customer support team of their electricity company.
Power Cuts Reported Across Delhi on June 6
Many areas of Delhi also saw electricity interruptions on Saturday, June 6, due to repair work and system improvement activities.
Palam, Janakpuri, Mundka, Saket, Sarita Vihar and Nangloi were some of the localities that were affected at different hours of the day.
News
Delhi-NCR’s Old Trucks and Buses Are in Focus as Centre Clears Rs 9,585 Crore Plan
The Centre has cleared a new Rs 9,585 crore programme aimed at reducing pollution from older trucks and buses operating across Delhi-NCR. Approved by the Union Cabinet on Wednesday, the two-year initiative is designed to speed up the shift towards cleaner and less-polluting vehicles in one of the country’s most polluted regions.
Officials say the transport sector remains a major source of poor air quality in Delhi-NCR. While heavy commercial vehicles account for only a small share of the total number of vehicles on the roads, they release a disproportionately high amount of harmful pollutants. Trucks and buses together make up roughly 3 percent of the vehicle fleet but are linked to more than one-third of PM2.5 emissions generated by road transport.
Government estimates show that older heavy vehicles release significantly more pollution than newer models. According to officials, a heavy-duty vehicle operating under emission standards older than BS-VI can pollute as much as several newer vehicles combined. Even BS-IV vehicles produce far higher emissions than those meeting the latest norms.
To address this issue, the new scheme will encourage owners of BS-IV commercial vehicles to move to BS-VI-compliant or electric alternatives. The programme does not cover vehicles owned by government departments.
A package of financial benefits has been prepared to make the switch more attractive. Vehicle owners will be eligible for lower borrowing costs through a five-year interest subsidy on loans. They may also receive fuel support through monthly vouchers, with the amount varying by vehicle category. Additional one-time incentives will be available for those choosing electric vehicles or participating in certificate trading mechanisms.
State governments joining the programme will offer their own set of benefits. These include removing registration charges and providing long-term relief on motor vehicle taxes. New vehicle buyers could receive full tax exemptions, while purchasers of used vehicles may qualify for partial concessions. Authorities will also clear outstanding dues attached to old vehicles brought into the scheme.
The Centre’s contribution to the programme will be Rs 5,041 crore, while participating states are expected to provide support through tax-related relief estimated at around Rs 1,601 crore.
Funding will be routed through the National Capital Region Planning Board under the Ministry of Housing and Urban Affairs. Delhi, Haryana, Rajasthan and Uttar Pradesh will work together on implementation.
Official figures indicate that transport activities are responsible for a sizeable share of pollution across the region, contributing around 14 percent of PM2.5 levels, 40 percent of carbon monoxide emissions and nearly two-thirds of nitrogen dioxide emissions.
More than 2 lakh commercial vehicle owners are expected to fall within the scheme’s scope, including nearly 1.91 lakh truck owners and over 16,000 bus operators.
The benefits will not be available for BS-III or older vehicles. Such vehicles will have to be dismantled at authorised scrapping centres. Owners of BS-IV vehicles, however, can either send them for scrapping or transfer them to locations outside NCR where air quality norms permit their use.
Those seeking benefits under the programme must replace their old vehicles with a new BS-VI-compliant or electric vehicle and register it within NCR. Delhi will follow stricter rules, requiring light goods vehicles purchased under the scheme to be fully electric. Buses, meanwhile, will be allowed only if they run on BS-VI CNG technology or electricity.
News
91 Illegal Colonies in Yamuna Floodplain Come Under Court Focus

Image source: NDTV
The Delhi High Court has raised serious concerns over continued construction activity inside the Yamuna floodplain and signaled that government officials may be held responsible if fresh violations are found. The court said development of residential areas within Zone O remains a matter of concern due to the area’s environmental importance.
While hearing the matter, the court observed that new structures appear to be coming up despite restrictions in place. It questioned how such activity could continue without the knowledge of local authorities. To fix responsibility, the court asked for details of executive engineers handling the affected areas and directed them to remain present at the next hearing.
The bench of Justice Prathiba M. Singh and Justice Manmeet Pritam Singh Arora stated that officers who fail to prevent fresh violations could face legal action.
Records placed before the court showed that dozens of unauthorized colonies already exist inside Zone O. Although these settlements have not received legal status, they are currently covered by temporary relief granted under a special law applicable in Delhi. This protection remains valid until the end of December 2026.
In its submission, the Ministry of Housing and Urban Affairs clarified that residents living in these colonies are protected from certain enforcement measures for a limited period. However, the arrangement does not give them ownership rights over the properties they occupy.
The ministry further informed the court that the population living across these settlements is estimated to be between five and six lakh people, spread across roughly one lakh homes. Officials also said discussions are taking place among the Centre, the Delhi Government and other departments regarding future plans for the area and possible rehabilitation measures.
The judges made it clear that no additional structures should come up in the floodplain. They instructed the Delhi Development Authority (DDA) to keep a close watch on construction activity and ensure that repair work is not misused to put up completely new buildings.
The matter gained attention after photographs submitted to the court showed fresh building activity at several locations, including Jagatpur, Wazirabad, Ram Ghat and New Aruna Nagar near Majnu Ka Tila.
To address the issue, the court asked representatives from the Ministry of Housing and Urban Affairs, the Municipal Corporation of Delhi (MCD) and the DDA to meet on June 8. The agencies have been told to prepare a report explaining what action has been taken to stop new encroachments and deal with illegal structures in the floodplain. The report will be reviewed during the next hearing.
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