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FIRST & FOREMOST ASIAN WEEKLY IN EUROPE
Gujarat’s Babubhai Panocha qualified for the London Olympics
Story on page 31
VOICE
Let noble thoughts come to us from every side
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LAW
2nd July to 8th July 2011
SOC IE
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VOL 40. ISSUE 9
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Gurkhas: "We served the Queen with loyalty, we deserve equal treatment" By Rupanjana Dutta On Saturday 25th June, Britain celebrated Armed Forces Day at over 350 places in the UK. Gurkhas
are among the most formidable and feared amongst soldiers anywhere in the world. Former Chief of staff of the Indian Army, Field Marshal Sam
Manekshaw, once famously said about Gurkhas: “If a man says he is not afraid of dying, he is either lying or is a Gurkha.” Continued on page 6
Asian millionaires overtake Europe in rich list
British Gurkhas with Joanna Lumley during the settlement campaign
Booming Asia had more millionaires than Europe for the first time– and is fast closing in on North America for the top spot, according to new research. The annual Merrill Lynch Wealth Management /Capgemini
analysis of investors with $1m or more in assets found that as of late last year, there were 3m millionaires in both the AsiaPacific and Europe. The survey quantified the wealth held in Asia at $9,700bn, compared with $9,500bn in Europe.
Nick Tucker, head of Merrill Lynch Wealth Management’s operations for the UK and Ireland, said: “It’s not a bubble. Asia has caught up with Europe in terms of its high-net worth population and their wealth.” Continued on page 26