US Secretary of State Antony Blinken was in New Delhi to co-ordinate strategies. AP Photo
US Secretary of State Antony Blinken was in New Delhi to co-ordinate strategies. AP Photo
US Secretary of State Antony Blinken was in New Delhi to co-ordinate strategies. AP Photo
US Secretary of State Antony Blinken was in New Delhi to co-ordinate strategies. AP Photo


Why Blinken's remarks could jar with India's politicians


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July 29, 2021

US Secretary of State Antony Blinken’s two-day visit to India has come at a particularly stressful time for New Delhi.

Even as the country recovers from a devastating second wave of the coronavirus pandemic, there are already fears of an oncoming third wave. Floods and landslides have left more than 150 people dead and at least 100 missing in India’s west. The farmers’ protests against sweeping reforms legislated last year have regained momentum after a period of lull that coincided with the second wave. And if these challenges aren’t daunting enough, a 150-year-old boundary dispute between two states in India’s north-east has led to the deaths of six policemen and one civilian.

While dealing with these ground realities, the Indian government led by the Bharatiya Janata Party (BJP) is also having to contend with allegations made by opposition parties of corruption and overreach on various issues, during Parliament’s current – and rather chaotic – monsoon session. The cacophony has been so consuming that four potentially contentious population control bills scheduled for proposal days ago have, at least for now, slipped out of the national conversation.

In their very essence, some of these bills – if passed – could threaten to undermine the spirit of India’s constitution. One bill seeks to set up a national population planning authority and a committee in each district to “encourage and promote family planning”, whatever that entails. Another one mentions the need to “revitalise efforts towards promoting the small family norms of up to two children per eligible couple”. Even if one were to ignore the fact that 168 out of the 540 MPs have more than two children, the language around the original framing of these prospective bills signals an appetite for coercion as a means to control population growth.

But it isn’t just Parliament that could be discussing these bills in the near term. A few states have sought to jump the population control bandwagon. The Uttar Pradesh state legislature is currently discussing what could be the most coercive bill yet. India’s most populous state – of about 220 million – has proposed denying government jobs, promotions, subsidies and the right to contest local elections to anyone who has more than two children. Other states, including Gujarat and Karnataka, are mulling similar proposals.

Populist attempts to control population growth are not new, of course. Since 1990, at least 12 states have tried some version of the two-child policy and failed. But that hasn’t dissuaded politicians from persisting with what several experts believe is the wrong way to go about fixing a problem that is already on its way to being solved. Indeed, India’s population growth has been slowing over the past four decades, with fertility rates having come down across the country. Uttar Pradesh’s own fertility rate nearly halved from 4.8 in 1993 to 2.7 in 2016. The same government pushing the bill expects it to reduce even further, to 2.1 by 2025.

Experts have warned about a number of long-term psychological, sociological and economic downsides to enacting such laws in a coercive manner. Many such as Poonam Muttreja, the executive director of the Population Foundation of India, have pointed to how they could deny women agency and possibly even increase sex-selective abortions – especially as many parents continue to have a preference for sons.

The Uttar Pradesh government, headed by Yogi Adityanath, is pushing a new population growth control law.
The Uttar Pradesh government, headed by Yogi Adityanath, is pushing a new population growth control law.

Opposition parties allege that the BJP-led government in Uttar Pradesh is using this bill as a dog whistle ahead of next year’s crucial election. There has long been a perception in India that Muslims, comprising less than 15 per cent of the country's total population, are determined to increase their numbers – even though there are no statistics to back this assertion.

Whether the dog-whistle theory is true or not, the bill does help to create the impression that this Uttar Pradesh government, elected with a record majority in the 2017 election, is doing whatever it takes for the state's development – particularly as it tries to mitigate public perception that its pandemic response has been inadequate.

What is ironic about these attempts to legislate population control – at a time when other solutions, such as education, economic development and social mobility, are already working – is that Indian politicians seem to be inspired by China’s now-defunct one-child policy. If true, this would be surprising.

For one, with that country’s population ageing, and given the aforementioned effects of such a policy on society, Beijing chose to reverse it in 2015 after 36 years. Secondly, Indian perceptions about China, which have ranged from awe to suspicion to derision to envy depending on the times, are at an all-time low right now. According to the 2020 Mood of the Nation poll conducted by the India Today media group, up to 84 per cent of Indians said they could not trust China; this figure is, no doubt, an outcome of last year’s fatal clashes at the border. Why then, it is fair to ask, would Indian politicians want to be seen copying China?

People shop at the crowded Ranganathan street in Chennai this month. India's population growth has slowed in recent decades. EPA
People shop at the crowded Ranganathan street in Chennai this month. India's population growth has slowed in recent decades. EPA

Mr Blinken, currently in India to co-ordinate strategies in Afghanistan and the Indo-Pacific, may appreciate all the ongoing noise in New Delhi as being typical of India’s robust domestic politics; it may even remind him of politics back home. America’s top diplomat has often stressed the need for countries that share certain values with the US to band together to confront such challenges as Covid-19, climate change and, yes, a rising China. The subtext for “shared values” is, of course, the system of government prevalent in these countries: the US and India are both democratic republics.

The secretary of state’s past remarks haven’t just arisen from personal conviction. The Biden administration, it seems, wants to frame America’s competition with China as an ideological battle between two systems of government and, by extension, two ways of life. And as much as US-India relations are about aligning strategic, military and economic interests, both countries have sought to further this “democracy rules” narrative.

But Indian politicians' interest in failed policies, the hurried passage of the agriculture bills without adequate consultation with farmers’ groups, and the tendency for governments at various levels to shut down dissenting voices are all problematic for the country's image and for the narrative it is trying to create.

In his remarks yesterday, Mr Blinken acknowledged some of these challenges. At a roundtable with civil society, he said both Indian and American democracies were "works in progress" and that successful democracies include "thriving civil societies". He added that a vibrant civil society is needed to make democracies more open, inclusive, resilient and equitable. India should pay heed.

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

Jiu-jitsu calendar of events for 2017-2018:

August 5:

Round-1 of the President’s Cup in Al Ain.

August 11-13:

Asian Championship in Vietnam.

September 8-9:

Ajman International.

September 16-17

Asian Indoor and Martial Arts Games, Ashgabat.

September 22-24:

IJJF Balkan Junior Open, Montenegro.

September 23-24:

Grand Slam Los Angeles.

September 29:

Round-1 Mother of The Nation Cup.

October 13-14:

Al Ain U18 International.

September 20-21:

Al Ain International.

November 3:

Round-2 Mother of The National Cup.

November 4:

Round-2 President’s Cup.

November 10-12:

Grand Slam Rio de Janeiro.

November 24-26:

World Championship, Columbia.

November 30:

World Beach Championship, Columbia.

December 8-9:

Dubai International.

December 23:

Round-3 President’s Cup, Sharjah.

January 12-13:

Grand Slam Abu Dhabi.

January 26-27:

Fujairah International.

February 3:

Round-4 President’s Cup, Al Dhafra.

February 16-17:

Ras Al Khaimah International.

February 23-24:

The Challenge Championship.

March 10-11:

Grand Slam London.

March 16:

Final Round – Mother of The Nation.

March 17:

Final Round – President’s Cup.

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

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

The lowdown

Badla

Rating: 2.5/5

Produced by: Red Chillies, Azure Entertainment 

Director: Sujoy Ghosh

Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The%20Roundup
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What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Brown/Black belt finals

3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA

LOVE%20AGAIN
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COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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.”

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
Updated: July 31, 2021, 4:07 PM