Indian Prime Minister Narendra Modi, campaigning in the Ahmedabad, Gujarat, is in a strong position to secure a third term. AP Photo
Indian Prime Minister Narendra Modi, campaigning in the Ahmedabad, Gujarat, is in a strong position to secure a third term. AP Photo
Indian Prime Minister Narendra Modi, campaigning in the Ahmedabad, Gujarat, is in a strong position to secure a third term. AP Photo
Indian Prime Minister Narendra Modi, campaigning in the Ahmedabad, Gujarat, is in a strong position to secure a third term. AP Photo


It will take a team of rivals to end the Modi era


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December 13, 2022

First, the numbers. The Bharatiya Janata Party (BJP), led by India’s Prime Minister, Narendra Modi, won a resounding victory in the legislative election in the western Indian state of Gujarat. This was the party’s seventh consecutive win in the state’s election. The victory came on the back of 27 years of incumbency. The BJP won 156 of 182 seats in the state assembly, the most by any party in Gujarat’s electoral history. The party’s vote share was 52.2 per cent, its highest ever.

The BJP was the favourite to win this election. But the scale of it, and the manner in which it has crushed a united opposition – the Indian National Congress and the Aam Aadmi Party (AAP) – is staggering. It offers a mirror to the election-winning machine that is the BJP and the dwindling stature of the opposition it faces. In that, there are pointers to what lies ahead in the parliamentary election in 2024 – an election in which Mr Modi will seek the mandate to be Prime Minister for a third term.

In Gujarat, the BJP’s organisation on the ground and its cadre-based strength are exemplary. For these polls, it paid attention to internal voices on the ground and was fearless to take risks. Disaffection with the state’s handling of Covid-19, price rises and unemployment triggered rumblings of discontent with the incumbent chief minister and his legislators. One year before the vote, the BJP high command removed the chief minister and his entire cabinet. Several sitting legislators were denied tickets. The message was clear: politicians with the baggage of voters’ resentment would have no place in the electoral plan.

AAP has arrived. However, it is far from being a challenger

Traditionally an urban party in a state that is one of India’s most urbanised, the BJP focused on outreach programmes in rural areas and the tribal belt to widen the base of its support. Its efforts paid off. The campaign dovetailed local issues such as water supply, development and infrastructure with allusions to India’s achievements on the world stage – notably its taking over the G20 presidency. The Hindutva card and an appeal to Gujarati pride were never far from the heart of the campaign.

Mr Modi himself towered over the campaign in his home state. He indefatigably travelled across Gujarat, holding 31 rallies and two huge road shows. A Gujarat chief minister for 13 years before he went on to become Prime Minister in 2014, he consistently emphasised his connection with the state, insisting that a vote for the BJP meant a vote for him.

What was envisaged as a tripolar contest between the BJP, AAP and Congress turned into a unipolar one. Congress’s campaign was listless, its organisation poor, and its leadership weak to the point of being non-existent. The party’s win in the election in the tiny northern Indian hill state of Himachal Pradesh – which, for 30 years now, has voted out the incumbent – will be scant consolation. It will do nothing to change its weakening grasp on the national political narrative. The steady erosion of its clout in key states in the country continues unabated.

AAP, which governs Delhi and Punjab, and has aspirations of becoming the main challenger to the BJP in the next parliamentary election, has a long way to go before it assumes that mantle. It campaigned vigorously but won only five seats. Its lack of an election machinery, structure and organisation at the local level in states other than the two it controls will impede its progress.

West Bengal Chief Minister Mamata Banerjee could be a formidable challenger to Narendra Modi, provided she has the support of prominent opposition parties across the country. AFP
West Bengal Chief Minister Mamata Banerjee could be a formidable challenger to Narendra Modi, provided she has the support of prominent opposition parties across the country. AFP

So what now for 2024? His popularity undimmed, Mr Modi remains indisputably India’s tallest leader. The BJP, with wins in crucial, large states such as Uttar Pradesh and Gujarat, remains the national political hegemon. Never a party to stay still, it will use the momentum generated by this victory to plunge into the state elections scheduled for 2023 and the parliamentary vote in 2024.

Congress seems unable to reverse its decline. AAP has arrived. It might have won merely five seats, but a significant 13 per cent of the vote share, no mean feat for a fledgling party. However, it is far from being a challenger. A clutch of strong regional players, many of whom have national aspirations, such as West Bengal Chief Minister Mamata Banerjee, are jockeying to be at the forefront of an opposition alliance. But cobbling together such an alliance, especially with the fraught issue of which party should front it, and what role Congress is entitled to play in it, will be no easy task.

Nevertheless, a united opposition is the only way to carry the fight to the BJP. And this coalition must come into being before the general election. The trouble is, India’s political history shows that such coalitions, with varying ideologies, have often collapsed under the weight of their own contradictions. Besides, recent events indicate that voters nowadays are quick to spot and shun opportunistic political alliances. Still, with no single party capable of challenging the BJP on a national level, leaders on the other side of the political spectrum must bury their differences, swallow their egos, and come together. If that does not happen, the BJP’s juggernaut will be unstoppable.

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20The%20Cloud%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20George%20Karam%20and%20Kamil%20Rogalinski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Hub71%2C%20Abu%20Dhabi%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Food%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%2410m%2B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Middle%20East%20Venture%20Partners%2C%20Olayan%20Financing%2C%20Rua%20Growth%20Fund%3C%2Fp%3E%0A
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

'Munich: The Edge of War'

Director: Christian Schwochow

Starring: George MacKay, Jannis Niewohner, Jeremy Irons

Rating: 3/5

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

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 Indoor Cricket World Cup

When: September 16-23

Where: Insportz, Dubai

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

England World Cup squad

Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood

The finalists

Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho

Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson

Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)

Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)

Club of the Year: Bayern Munich, Liverpool, Real Madrid

Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)

Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Scoreline

Abu Dhabi Harlequins 17

Jebel Ali Dragons 20

Harlequins Tries: Kinivilliame, Stevenson; Cons: Stevenson 2; Pen: Stevenson

Dragons Tries: Naisau, Fourie; Cons: Love 2; Pens: Love 2

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

Updated: December 13, 2022, 10:39 AM