A congress of party workers protesting against Prime Minister Narendra Modi Amid rising communal tension in Dadri days after the public lynching of Mohd Akhlaq Dadri in Allahabad. Amar Deep / Pacific Press / LightRocket via Getty Images
A congress of party workers protesting against Prime Minister Narendra Modi Amid rising communal tension in Dadri days after the public lynching of Mohd Akhlaq Dadri in Allahabad. Amar Deep / Pacific Press / LightRocket via Getty Images
A congress of party workers protesting against Prime Minister Narendra Modi Amid rising communal tension in Dadri days after the public lynching of Mohd Akhlaq Dadri in Allahabad. Amar Deep / Pacific Press / LightRocket via Getty Images
A congress of party workers protesting against Prime Minister Narendra Modi Amid rising communal tension in Dadri days after the public lynching of Mohd Akhlaq Dadri in Allahabad. Amar Deep / Pacific

Book extracts from Hasan Suroor’s Making sense of Modi’s India


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Is personality politics new?

With record levels of voter participation – in some states over 80 per cent with the national average in the high 60s – Modi dominated the election narrative. Anecdotal evidence and press commentary suggest that Indians craved a strong leader. It is in this context that he was, and is, compared to other strong world figures, mostly to Thatcher and Hitler. Others argue that Modi has much in common with Russia’s Vladimir Putin, a comparison that goes well beyond a shared pride in their manly chest sizes.

The instructive comparison, though, comes from India’s own democratic history. Indira Gandhi destroyed the internal structures of her own party, which had not taken her leadership candidature seriously, and emerged in the early 1970s as the first person after independence to be completely identified with India. She cast herself in opposition to a sinister ‘foreign hand’, which became an excuse for remodelling India’s politics and its institutions. In government, the executive arrogated powers for itself that have endured ever since. Party bosses and big men, or the ‘Congress system’, as it was quaintly called (these were people who had converted an anti-colonial movement into a monopolistic powerhouse) were all suborned to take part in the cult and charisma of Mrs Gandhi. With a heady dose of populism and authoritarianism, she ensured that the party, the nation – even dissent itself – were all identified with her. Slogans such as ‘Indira is India’ were only matched by the urgent, if unheeded, calls to ‘end poverty’. The twin themes of economic development and political violence were as dominant then as they are now. In overwhelming a tired and fragmented Congress, she redirected and controlled its political fortunes, and India was transformed in the process.”

This extract is from the chapter “Modi and the Rise of Personality Cult” by Shruti Kapila

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On diplomacy abroad

The consensus in Western corridors of power appears to be that whatever the unease about Modi’s conduct as chief minister [in Gujarat in 2002], it is indeed necessary to move on. The much expressed concern about his alleged culpability [in deadly riots] may make him determined to avoid any further communal violence on his watch. And an Indian leader who wants to strike a new, more positive note in his country’s engagement with Western powers needs to be met halfway. Narendra Modi has got off to a good start, and those major countries such as Britain that didn’t host him in his first year are anxious to do so. But to build on the buzz that he has undoubtedly created, there needs to be more substance to his diplomacy. The biggest game changer in India’s foreign policy in recent years has been the civil nuclear deal with the US which Manmohan Singh’s government saw through, not anything that Modi has achieved. He needs something to blog about which merits more than 140 characters.”

This extract is from the chapter “Modi’s World Beyond Selfies and Tweets” by Andrew Whitehead

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Extremism versus secularism

The political rise and election of Narendra Modi as prime minister of India aroused anxiety in India as well as in Pakistan. Many Indians feared an onslaught on the secular values enshrined in India’s Constitution. Pakistanis were wary, given Modi’s anti-Pakistan, anti-Muslim history.

But while Modi may symbolize divisive forces in India, as prime minister he must deliver on the development agenda for which he was elected, and distance himself from the ‘saffron brigade’. In the long run, the deep-rooted democracy in India, for all its aberrations and weaknesses, is likely to eventually neutralize sectarian elements and prevent them from imposing their agenda.

Communal forces in both India and Pakistan broadly mirror each other. Extremists on both sides equate religion with patriotism and are quick to accuse others of being traitors or anti-religion. As much as there are lessons for Pakistan in India’s democratic political process (barring Indira Gandhi’s Emergency rule, 1975–77), India can also learn from Pakistan’s experience, where injecting religion into politics has led to disastrous consequences.

This extract is from the chapter “View from Pakistan: ‘Religious’ Politics and the Democratic Political Process” by Beena Sarwar. All extracts reproduced with permission of HarperCollins Publishers India.

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By Ben Okri (Head of Zeus)

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Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

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Director: Stephen Merchant 

Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell        

Four stars

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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Know your cyber adversaries

Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.

Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.

Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.

Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.

Phishing: Aims to secure personal information, such as passwords and credit card numbers.

Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.

Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.

Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.

Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.

Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.

Zero-day exploit: Exploits a vulnerability in software before a fix is found.

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

UAE v Bolivia, Friday, 6.25pm, Maktoum bin Rashid Stadium, Dubai

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

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SNAPSHOT

While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.