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Bangladeshi tourists die in houseboat fire in Kashmir

A preliminary investigation found the fire was caused by faulty electric wiring

Bangladeshi tourists die in houseboat fire in Kashmir

THREE Bangladeshi tourists died in India's Kashmir region when some of the houseboats stationed in the picturesque Dal lake caught fire on Saturday (11), a police official said.

Police said a fire broke out in one houseboat in the early hours and quickly spread to other boats moored nearby.


"Three tourists Bangladeshi nationals were killed in one of the five houseboats destroyed due to fire," the police official said, adding that seven others were injured.

A preliminary investigation found the fire was caused by faulty electric wiring, the official said.

Government figures show the Jammu and Kashmir region received over 16.2 million tourists in 2022, a record high since British colonial rule ended in 1947. The area is known for its snow-topped Himalayan mountains, fast-flowing rivers, meadows and wooden houseboats around beautiful lakes.

The record tourist arrivals are a boon for prime minister Narendra Modi's government, which withdrew Muslim-majority Jammu and Kashmir's special rights in 2019 to integrate it with the rest of the country.

Hindu-majority India has been fighting a decades-long separatist Islamist insurgency in Kashmir, which is also claimed by neighbouring Pakistan.

(Reuters)

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Lakshmi Mittal quits Britain for Switzerland and Dubai over inheritance tax concerns

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  • Lakshmi Mittal, worth over £15 bn, has moved his tax residence from UK to Switzerland with plans to spend most time in Dubai.
  • Inheritance tax concerns, not income tax, drove the decision of the "King of Steel" to leave after 30 years in Britain.
  • The departure marks another high-profile exit as chancellor Rachel Reeves prepares major tax rises in the coming Budget.
Lakshmi Mittal, one of Britain's wealthiest men, has ended his three-decade association with the UK, relocating his tax residence to Switzerland and planning to base himself in Dubai. The 74-year-old steel magnate, worth approximately £15.5 bn according to the Asian Rich List 2025, is the latest prominent entrepreneur to leave Britain amid Labour's tax reforms targeting the super-rich.

The Indian-born billionaire built his fortune through ArcelorMittal, the world's second-largest steelmaker, in which he and his family hold nearly 40 per cent ownership. Since arriving in London in 1995, Mittal became a prominent figure in British business, acquiring expensive properties including a £57 m mansion on Kensington Palace Gardens known as the "Taj Mittal."

An adviser familiar with Mittal's family plans told The Sunday Times that, inheritance tax was the decisive factor in the decision. "It wasn't the tax on income or capital gains that was the issue, the issue was inheritance tax."

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