For a large percentage of India's 1.42 billion people, trains are often the only viable means to journey across the vast country. All railway passengers have one thing in common – which is not the degree of comfort they can withstand on often arduous train journeys, but the expectation that they will reach their destination safely.
On Friday, in India’s eastern state of Odisha, that expectation came to an end for the almost 300 people who were killed and more than 900 people who were injured when a dozen coaches of the Coromandel Express derailed after it hit a stationary freight train and the Howrah Superfast Express on an adjoining track.
Detailing scenes of the wreckage, a train passenger Suleiman Sheikh who survived, told The National: "There were some women on the top berth who got crushed." It was the country's worst train disaster in decades. In the hours following the accident, world leaders, including President Sheikh Mohamed, expressed their condolences.
Official explanations are as yet scant, but Indian Railways Minister Ashwini Vaishnaw has said an inquiry has been set up “to understand the root cause of the accident”. The results are expected by Wednesday and questions are rightfully being asked, not least of all by the millions of Indians, on how it came to be that three trains got mangled in this way.
Train tragedies are not exclusive to any one country. An accident in Greece in February, which left at least 57 people dead, was an issue that played on voters’ minds in last month’s election. The cause for lives lost in train tragedies in India, or elsewhere, bear not just thorough investigation but subsequent remedying of the cause. A train journey cannot become synonymous with high risk in the minds of travellers.
Authorities in India could even examine the findings of inquiries in other train accidents, for it is possible that results of other incidents can provide an insight into problems with railways in general, which can make it a safer mode of transport for millions every day.
In recent years, the Indian government has invested heavily in the country's train network. It allocated $29 billion in its annual budget this year, to invest in new trains and amenities, and to spruce up stations and improve passenger comfort. It had earmarked $32.7 billion in last year’s budget. Every few months, a new semi-high-speed train, known as the Vande Bharat Express, is inaugurated, connecting millions across India's 28 states. Odisha, where this tragedy occurred, got its first Vande Bharat Express on May 20.
While these are all good initiatives, passenger safety has to be the number one priority. And if more regulatory supervision and resource allocation are needed, these should be looked into.
To not fix the cause of this disaster could also interrupt growth: in 2022-23, Indian Railways recorded a revenue of $29.2 billion, 25 per cent more than the previous year. Both passenger and freight earnings have been impressively high.
Ironically, even as India has seen one too many train tragedies, the increase in the sheer number of people opting for rail travel should offer further impetus to authorities to address the root cause, whether it was with signalling or derailment or a different lapse, so that there is no scope for such accidents to recur.
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EA Sports FC 24
Voy!%20Voy!%20Voy!
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Omar%20Hilal%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Muhammad%20Farrag%2C%20Bayoumi%20Fouad%2C%20Nelly%20Karim%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
PAKISTAN v SRI LANKA
Twenty20 International series
Thu Oct 26, 1st T20I, Abu Dhabi
Fri Oct 27, 2nd T20I, Abu Dhabi
Sun Oct 29, 3rd T20I, Lahore
Tickets are available at www.q-tickets.com
SAUDI RESULTS
Team Team Pederson (-40), Team Kyriacou (-39), Team De Roey (-39), Team Mehmet (-37), Team Pace (-36), Team Dimmock (-33)
Individual E. Pederson (-14), S. Kyriacou (-12), A van Dam (-12), L. Galmes (-12), C. Hull (-9), E. Givens (-8),
G. Hall (-8), Ursula Wikstrom (-7), Johanna Gustavsson (-7)
EMILY%20IN%20PARIS%3A%20SEASON%203
%3Cp%3ECreated%20by%3A%20Darren%20Star%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Lily%20Collins%2C%20Philippine%20Leroy-Beaulieu%2C%20Ashley%20Park%3C%2Fp%3E%0A%3Cp%3ERating%3A%202.75%2F5%3C%2Fp%3E%0A
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
Monday's results
- UAE beat Bahrain by 51 runs
- Qatar beat Maldives by 44 runs
- Saudi Arabia beat Kuwait by seven wickets
Abu%20Dhabi%E2%80%99s%20Racecard
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%E2%80%98White%20Elephant%E2%80%99
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COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5