Millions of Hindus have arrived at Prayagraj in the northern Indian state of Uttar Pradesh for the Maha Kumbh Mela, touted as one of the largest religious gatherings in the world.
Over the next three weeks, devotees and holy men will bathe at the confluence of three holy rivers – the Ganges, the Yamuna and the mythical Saraswati – and take part in elaborate rituals. Hindus believe that a dip in the holy waters will cleanse them of their past sins and end their process of reincarnation.
When does Maha Kumbh Mela begin?
Maha Kumbh Mela begins on Monday and will conclude on February 26.
Traditionally, Kumbh Melas are held every three years on dates prescribed by astrology and cycle between four riverbank pilgrimage sites – Prayagraj, Haridwar (along the river Ganges), Nashik (along the river Godavari) and Ujjain (along the river Shipra).
The most auspicious of these occurs in cycles of 12 years and is called the Maha Kumbh Mela (“maha” meaning “great” in Hindi) and is only ever held in Prayagraj.
What happens at Maha Kumbh Mela?
The festival is a series of ritual baths by Hindu sadhus, or holy men, and other pilgrims in a ritual that dates to at least medieval times. Hindus believe that the mythical Saraswati river once flowed from the Himalayas through Prayagraj, meeting there with the Ganges and the Yamuna.
Bathing takes place every day, but on the most auspicious dates, ash-smeared monks charge towards the holy rivers at dawn. Many pilgrims stay for the entire festival, observing austerity, giving alms and bathing at sunrise each day. Devotional prayers, known as aartis, are sung and drums are beaten.
History and origin
The word “kumbh” is derived from “kumbha” or pitcher in Sanskrit, while “mela” stands for “fair”, literally making this the festival of the pitcher.
According to Hindu legend, the festival gets its name from the pitcher of amrit, or nectar of immortality, that was produced by the devas (gods) and the asuras (demons) together.
When the gods and demons started fighting over the kumbha with the elixir of immortality, the battle went on for 12 years. During the ensuing fight, Vishnu, the god of preservation, wrested a golden pitcher containing the elixir from the demons. Hindus believe a few drops fell on the cities of Prayagraj, Nasik, Ujjain and Haridwar – the four places where the Kumbh festival has been held for centuries
How many people are expected at Maha Kumbh Mela?
Indian authorities have said more than 400 million people, including tourists, are expected in Prayagraj over the next 45 days. That's more than the population of the US, and about 200 times the two million pilgrims who arrived in the Muslim holy cities of Makkah and Madinah in Saudi Arabia for the annual Hajj pilgrimage last year.
A vast ground spread over 40 square kilometres along the banks of the rivers has been converted into a sprawling tent city equipped with about 3,000 kitchens and 150,000 restrooms. Divided into 25 sections, the tent city also has housing, roads, electricity, water, communication towers and 11 hospitals.
Indian Railways has also introduced more than 90 special trains, aside from regular trains, that will make about 3,300 trips during the festival to transport devotees, according to the Associated Press.
About 50,000 security personnel are also stationed in the city to maintain law and order and crowd management. More than 2,500 cameras, some powered by AI, will send crowd movement and density information to four central control rooms, where officials can quickly deploy personnel to avoid stampedes.
State authorities said they have allocated more than $765 million for this year’s event.
Where is Prayagraj?
A metropolis in the northern Indian state of Uttar Pradesh, Prayagraj is one of the oldest cities in India. Formerly known as Allahabad, the city had its Mughal-era name changed to Prayagraj in 2018, as decreed by Prime Minister Narendra Modi's Hindu nationalist Bharatiya Janata Party.
The current chief minister of Uttar Pradesh Adityanath is a powerful Hindu monk and a popular hard-line Hindu politician in Modi’s party.
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.”
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WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
United States Championship Jeff Hardy (champion) v Jinder Mahal
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
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Casket match The Undertaker v Rusev
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RESULTS
6.30pm: Al Maktoum Challenge Round-1 Group 1 (PA) Dh119,373 (Dirt) 1,600m
Winner: Brraq, Adrie de Vries (jockey), Jean-Claude Pecout (trainer)
7.05pm: Handicap (TB) Dh102,500 (D) 1,200m
Winner: Taamol, Connor Beasley, Ali Rashid Al Raihe.
7.40pm: Handicap (TB) Dh105,000 (Turf) 1,800m
Winner: Eqtiraan, Connor Beasley, Ali Rashid Al Raihe.
8.15pm: UAE 1000 Guineas Trial (TB) Dh183,650 (D) 1,400m
Winner: Soft Whisper, Pat Cosgrave, Saeed bin Suroor.
9.50pm: Handicap (TB) Dh105,000 (D) 1,600m
Winner: Hypothetical, Mickael Barzalona, Salem bin Ghadayer.
9.25pm: Handicap (TB) Dh95,000 (T) 1,000m
Winner: Etisalat, Sando Paiva, Ali Rashid Al Raihe
If you go
The flights
There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.
The trip
Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.
The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.
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