Samhita Arni. Courtesy Samhita Arni
Samhita Arni. Courtesy Samhita Arni

Samhita Arni on her new version of the Ramayana



"The Ramayana is everywhere right now," marvels the Indian writer Samhita Arni. She has a point. In March, to some fanfare, the British Library digitally reunited disparate parts of a lavish 17th-century version of the Hindu epic. The same month, Narendra Modi, now the prime minister of India, was likened to the epic's hero-god Rama. Slightly less contentiously, the Glee star Lea Michele was recently linked with a role in a multimillion dollar animated version of the story by DreamWorks.

Arni's take on the tale of Prince Rama's quest to rescue his wife, Sita, from the clutches of the demon king Ravana doesn't quite have the fabulously attention-grabbing title of the movie. Little can compete with Bollywood Superstar Monkey, after all. But since its release last year, Arni's novel The Missing Queen has slowly but surely been attracting global attention for its pacey look at the Ramayana through the prism of contemporary India. This month, it has finally been published in the United States and has already been such a hit in Italy that Arni is set to visit for a summer book tour.

"I guess with the election we've just had, people are curious about India," she says. "And this book does try to offer some perspective about the state of affairs now in the country – even if it's told through a familiar story. I really believe that the epics are not static, they should be retold by every generation and when they are, they reflect that generation's anxieties and issues." Arni certainly has form where retelling epics from intriguing viewpoints is concerned. She had The Mahabharata: A Child's View published in 1996 when she was just 11 and her graphic novel Sita's Ramayana was a New York Times best seller in 2011.

In The Missing Queen, Ram is the ruler of prosperous Ayodhya, but confusion bedevils his regime as people ask difficult questions about his absent wife, Sita. His brother Lakshman is a fat office-bound army general and the Washerman, who, in Valmiki's original Ramayana, is the person who encourages Rama to send his wife into exile, is a secret police chief keeping tabs on a journalist looking for Sita.

"It felt quite natural to impose this contemporary setting on the Ramayana given that the metaphors in the story are still so much a part of the political and media discourse," says Arni. "The ideal state, the ideal man, the ideal leader – all of these topics from Ramayana form a part of the ideology of the Hindu nationalist movement today. Everywhere you go, you find Sita's footprint. I became fascinated by the way the epics interact with our daily lives in India."

Just as the graphic novel told the story through Sita's eyes, so The Missing Queen is stacked with strong female characters. Arni didn't want the book to be controversial for the sake of it – she says the risks she has taken with what can be seen as religious scripture can be defended – but it is a rebalancing of sorts.

"There are multiple tellings of the Ramayana and it is important to explore the differences, to get people asking questions about this idea of dharma," she says, referring to the elusive concept of duty, ethics and virtues. "One review of this book called me an 'obsessive Marxist feminist' – which is quite funny – but if I had to describe The Missing Queen I'd call it a speculative mythological feminist thriller. "

Luckily, The Missing Queen is nowhere near as dense as that might sound. Arni says one of her favourite authors is the crime writer Ian Rankin and her time working as a scriptwriter on a Kabul-based police drama confirms she knows her way around a compelling story. For now, she's finished with mythological epics and is writing a Bangalore-based comedy, but you sense Arni will come back to epics some day.

“My perspective has always been female, but in the future I’d like to explore what happens to men in war,” she admits.

The Missing Queen (Penguin/Zubaan) is out now. Visit www.samarni.com

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

MATCH INFO

Newcastle United 3
Gayle (23'), Perez (59', 63')

Chelsea 0

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  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
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  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
RESULT

Los Angeles Galaxy 2 Manchester United 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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