India's coronavirus lockdowns – among the strictest around the world – have had millions confined to their homes, with curfews continuing to this day. residents from Mumbai, one of the country's most densely populated cities, are having a particularly hard time.
Stuck indoors, often in tiny apartments, with two or three generations under one roof, many have desperately looked for ways to cope. While some found comfort in the kitchen, with quarantine baking and cooking, Riddhi Doshi turned to dancing.
Dance and Textile
"There's a certain joy in moving your body to a beat," she says. "Even more so when your movements and clothes complement each other." It is this thought process that gave birth to her Dance & Textile Project on Instagram. It started in the thick of lockdown last April, and became an instant mood-lifter. Foot-tapping beats aside, Doshi, 37, also uses the platform as a means to promote Indian weaves through her attire.
As I wrote about textiles, I often had to interview people who owned several handwoven saris, but I found very few knew the details behind them
A writer by profession, Doshi has been training in Gujarati folk dance – dandiya and garba – since the age of 4. Over the years she has also dabbled in belly dancing, jive and salsa, and is currently training in classical dance style kathak. She hopes to obtain a certificate in it from Akhil Bhartiya Gandharva Mahavidyalaya Mandal, a dance and music institution in Pune, which started in 1931.
However, it was the challenges wrought upon weavers during the pandemic that led her to launching the project. With most traditional weaving communities falling under the unorganised sector, there was no real funding that could cushion the economic blow to the community. So she turned to her wardrobe, a veritable treasure trunk of saris and other regional Indian ensembles. "I had about 10 different types of weaves that I had carefully collected over the years," says Doshi, who would often save up for months to buy an intricately woven sari.
Bollywood beats
Doshi launched her project wrapped in the traditional dress of the Indian state of Mizoram, the Mizo puan, and dancing to Hoton Mein Aisi Baat from yesteryear hit Bollywood movie Jewel Thief, starring 1960s heart-throb Dev Anand and Vyjayanthimala.
As I go through Doshi's videos what strikes me are the subtle similarities between dance and weaving. The fluidity in her moves take me back to a visit to a handloom centre in Varanasi and the rhythmic sound of its textiles. Look closely at her sari as she moves, and you can almost see the geometry that goes into the making. Let your imagination run wild and an embroidered border may remind you of a musical score.
But the Dance & Textile Project is more than simply visual art. Doshi also uses inlaid text in her videos, through which she shares little-known facts about the weaves. "As I wrote about textiles, I often had to interview people who owned several handwoven saris, but I found very few knew the details behind them," she says.
Fabric of society
Through her project, you can also learn some interesting origin stories and myths, for example, there are paintings that can be traced to the Mughal era that show emperor Jahangir sporting chikankari embroidery. And that the patola – a fully reversible design that requires the weavers to be expert mathematicians – usually finds its way to the Gujarati bridal trousseau, owing to the belief that this reversible design wards off evil. And the simple yet elegant Ilkal saris get their name from the town of Ilkal in the southern Indian state of Karnataka, where this form of weaving emerged in the 8th century.
Mohe Rang Do Laal from the film Bajirao Mastani, wearing a flowing ajrakh-print skirt. This style of weave can be traced to the Harappan Civilisation. In another clip she performs Bollywood's much-loved thumkas (hip shakes) sporting a gorgeous blue-and-silver patola sari. This style of weave can be traced to Gujarat.
Doshi has started a Textile & Memories series as part of her initiative, too, where women can share recollections associated with their clothes. Next Doshi is looking at delving into the individual stories of craftsmen. Her video on Kutchi wool has already caught the eye of an employee at Sony Entertainment.
“They reached out to me on my Instagram handle asking me to put them in touch with Pabi ben Rabari, who I had mentioned in the video,” Doshi says.
Rabari who once struggled to earn even a rupee a day, as she transported water from the well in her little village of Bhadroi in Kutch, began her textile journey by creating embroidered bags and now has her own line of accessories. Through Sony, she went on to star in the Amitabh Bachchan-hosted Kaun Banega Crorepati (India's version of Who Wants to be a Millionaire?).
Doshi's project, then, has enormous potential to aid artisans, revive weaving styles and provide a spot of light relief in these dark days of the pandemic.
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press
Points tally
1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3
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UAE currency: the story behind the money in your pockets
Indoor Cricket World Cup Dubai 2017
Venue Insportz, Dubai; Admission Free
Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa
Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia
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