Supporters of India's opposition Congress party leader Rahul Gandhi, shout slogans during an election rally in the India-administered Kashmir region on September 4. Mr Ghandi's party has countered the new government’s agenda every step of the way. AP
Supporters of India's opposition Congress party leader Rahul Gandhi, shout slogans during an election rally in the India-administered Kashmir region on September 4. Mr Ghandi's party has countered the new government’s agenda every step of the way. AP
Supporters of India's opposition Congress party leader Rahul Gandhi, shout slogans during an election rally in the India-administered Kashmir region on September 4. Mr Ghandi's party has countered the new government’s agenda every step of the way. AP
Supporters of India's opposition Congress party leader Rahul Gandhi, shout slogans during an election rally in the India-administered Kashmir region on September 4. Mr Ghandi's party has countered the


India's political playing field is more even than it has been for years


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September 17, 2024

This week, the Indian government led by Prime Minister Narendra Modi completed a hundred days in office.

Mr Modi, just as any good politician would, has used this occasion to list his administration’s achievements over the past three months. But the reality is that it has been a largely underwhelming period for him and his Bharatiya Janata Party, reined in by feisty coalition partners and confronted by a buoyant opposition.

This has raised questions about whether the BJP can find a way to push its agenda in this new political environment, or whether the once-bedraggled Indian National Congress – the country’s leading opposition party – can construct a counternarrative that resonates with a significant portion of the electorate in future elections.

That is still unclear, but the fact is that the playing field is more even that it’s been over the past decade.

About a hundred days ago, Mr Modi became only the second Indian prime minister, after Jawaharlal Nehru in 1962, to be sworn in for a third consecutive term.

As a keen student of history, he appeared to savour the moment, but it was a bittersweet one. For unlike the previous two terms, he was now having to rely on a handful of small parties to stay in power. The fall in the BJP’s tally of seats in the lower house of Parliament after this year’s general election, from 303 to 240, was being viewed by many politicians and pundits as a repudiation from the voters.

Mr Modi himself tacitly acknowledged this in his first post-election speech, when he called the incoming administration the “NDA government” – NDA stands for National Democratic Alliance, of which the BJP is the largest constituent – rather than “my government”. It seemed to be a significant departure from 2014, when his most ardent followers would often remind other senior BJP leaders on social media to refer to the newly inaugurated administration as the “Modi government”.

Nonetheless, old habits can be hard to get rid of.

This week, the Indian government led by Prime Minister Narendra Modi completed a hundred days in office. AFP
This week, the Indian government led by Prime Minister Narendra Modi completed a hundred days in office. AFP

The Prime Minister’s Office continues to function as it did over the past decade: in a highly centralised, top-down manner. The most important portfolios, including home, finance, foreign affairs and defence, have been allocated to the same ministers who held them for the previous five years. And for what it’s worth, national media outlets call the new administration “Modi 3.0”. It’s as if little has changed – which is the point being conveyed as part of a carefully crafted strategy to show that Mr Modi is still in complete charge.

In Parliament, however, it is a different story. The newly elected leader of the opposition, Rahul Gandhi, and his colleagues in the Congress party have countered the government’s agenda every step of the way. Some days, Mr Gandhi would be found on the floor of the lower house, making a compelling case against a government policy. On others, he would be out on the streets, doing retail politics, including meeting the spouses of fallen soldiers and providing succour to victims of casteist and sexual violence.

This newfound spring in the opposition’s steps isn’t just cosmetic. It has delivered serious blows to the BJP’s agenda in recent weeks, forcing it to climb down regarding two important bills and one amendment on government jobs. Tellingly, in two of these instances, key NDA partners of the BJP threw their weight behind the opposition’s concerted objections.

If the government’s domestic agenda has been curtailed for now, Mr Modi’s gains on the foreign policy domain have been mixed.

The challenge for Mr Modi is that he has never before had to collaborate with other parties

He can rightly point to the significant agreements his government signed with the UAE and Singapore in recent weeks. But the Prime Minister’s long-held goal to facilitate talks between Russia and Ukraine to end the war in Eastern Europe hit a set back once again after Kyiv reportedly expressed unhappiness with New Delhi’s improved trade ties with Moscow since the start of the war in 2022. The fall of the Sheikh Hasina government in Bangladesh would also count as a concern for India.

Back home, even as the government’s legislative agenda remains in limbo, it is worth pointing out that it has cleared a number of big-ticket projects, particularly infrastructure projects, across the country. It has unveiled important missions to improve digital penetration and literacy, and it recently signed a peace deal with separatist groups in the border state of Tripura.

However, the challenge for Mr Modi is that he has never before had to collaborate with other parties. During his 13 years as chief minister of Gujarat and the subsequent 10 years as Prime Minister, he enjoyed legislative majorities that allowed him to run the executive with minimal checks and balances. That’s not the case any longer.

The current reality is just as novel to Mr Gandhi as it is to Mr Modi.

A Kashmiri woman stands near a poster of Congress party Rahul Gandhi in Srinagar on August 22. He has made his political career an ideological crusade against the political Hinduism that underpins the BJP’s vision. EPA
A Kashmiri woman stands near a poster of Congress party Rahul Gandhi in Srinagar on August 22. He has made his political career an ideological crusade against the political Hinduism that underpins the BJP’s vision. EPA

After a decade of consistently falling short against the Prime Minister’s towering persona, the Congress leader appears to finally be catching up to him as recent opinion polls suggest. His age – he is 20 years younger to Mr Modi, who turned 74 today – is a big draw with the country’s youth.

But what truly stands him apart from other leaders is his focused struggle to save the ideals enumerated in India’s Constitution, particularly secularism and egalitarianism. He has made his political career an ideological crusade against Hindutva – or political Hinduism – that underpins the BJP’s vision and mission for the country.

But as the political analyst Asim Ali writes, Mr Gandhi needs to start talking about some of the bread-and-butter issues that directly affect voters to expand his base. With India’s unemployment rate at 9.2 per cent, providing solutions to help create tens of millions of new jobs every year is a no-brainer. Yet beyond a few stray remarks, he hasn’t come up with a coherent policy to deal with one of India’s greatest challenges.

How the next hundred days – and more importantly, the next four years and nine months – pan out will largely depend on two factors: how Mr Modi handles coalition politics, and how well Mr Gandhi fine-tunes his party’s economic agenda for the country.

Pathaan
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Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199

Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
HEADLINE HERE
  • I would recommend writing out the text in the body 
  • And then copy into this box
  • It can be as long as you link
  • But I recommend you use the bullet point function (see red square)
  • Or try to keep the word count down
  • Be wary of other embeds lengthy fact boxes could crash into 
  • That's about it
RESULT

Leeds United 1 Manchester City 1
Leeds:
 Rodrigo (59')
Man City: Sterling (17')

Man of the Match: Rodrigo Moreno (Leeds)

Schedule
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Friday’s fixture

6.15pm: Al Wahda v Hatta

6.15pm: Al Dhafra v Ajman

9pm: Al Wasl v Baniyas

9pm: Fujairah v Sharjah

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More from Armen Sarkissian
Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

The specs

Engine: 3.0-litre 6-cyl turbo

Power: 435hp at 5,900rpm

Torque: 520Nm at 1,800-5,500rpm

Transmission: 9-speed auto

Price: from Dh498,542

On sale: now

Results

1. New Zealand Daniel Meech – Fine (name of horse), Richard Gardner – Calisto, Bruce Goodin - Backatorps Danny V, Samantha McIntosh – Check In. Team total First round: 200.22; Second round: 201.75 – Penalties 12 (jump-off 40.16 seconds) Prize €64,000

2. Ireland Cameron Hanley – Aiyetoro, David Simpson – Keoki, Paul Kennedy – Cartown Danger Mouse, Shane Breen – Laith. Team total 200.25/202.84 – P 12 (jump-off 51.79 – P17) Prize €40,000

3. Italy Luca Maria Moneta – Connery, Luca Coata – Crandessa, Simone Coata – Dardonge, Natale Chiaudani – Almero. Team total 130.82/198.-4 – P20. Prize €32,000

Temple numbers

Expected completion: 2022

Height: 24 meters

Ground floor banquet hall: 370 square metres to accommodate about 750 people

Ground floor multipurpose hall: 92 square metres for up to 200 people

First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time

First floor terrace areas: 2,30 square metres  

Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

What is safeguarding?

“Safeguarding, not just in sport, but in all walks of life, is making sure that policies are put in place that make sure your child is safe; when they attend a football club, a tennis club, that there are welfare officers at clubs who are qualified to a standard to make sure your child is safe in that environment,” Derek Bell explains.

Nancy 9 (Hassa Beek)

Nancy Ajram

(In2Musica)

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Intercontinental Cup

Namibia v UAE Saturday Sep 16-Tuesday Sep 19

Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27

Updated: September 17, 2024, 5:52 PM