‘Do you really intend to go to vote tomorrow?” The question was asked by my apprehensive nurse Shanta. “You have a small wound on your foot and an infection,” she added with nervousness. “We will decide tomorrow,” I told her to calm matters.
The Mumbai municipal elections were scheduled for last week. Now this governing body is responsible for the civic maintenance of Mumbai city. With a Dh20 billion budget, it is the richest municipality in India.
When Shanta counselled me that I should refrain from travelling to a polling booth the next day due to an infection and fever, I spent a sleepless night. Until then, I had steadfastly voted in every local and national election since the independence of India.
I reflected that the city has many problems and able leadership is vital to resolve issues. The city has witnessed a decline in the quality of lifestyle over a long period. Its population has grown significantly, from about 3 million in 1955 to 20 million in 2016. This has put immense pressure on the transport infrastructure.
Mumbai’s principal mode of transport is the train system comprising more than 2,300 train services extending over 450 kilometres. It transports millions of passengers every day. However, the coaches are antiquated and the doors do not even close when the train is in motion, leading to accidents.
Mumbai has an aggregate road length of about 2,000km. But the roads are cracked with potholes. They are repaired, but fresh potholes develop due to shoddy workmanship.
A car journey that takes 20 minutes on a Sunday can take up to two hours on a working day due to the traffic congestion. I dread to think how an ambulance would negotiate through the traffic snarls in an emergency.
The result of explosive population growth and the deteriorating infrastructure is that the city is gradually becoming unliveable.
I also contemplated how important it is to vote. In a large city or country, however rich or poor I may be, however old or young I may be, however socially powerful or frail I may be, it is important that I express my opinion and my will.
Over the years polling has become more efficient. In the 1950s and 1960s, we were given a list of all the candidates with their symbols. We had to stamp the name of the candidate we were voting for, fold the paper and slide it into a locked box. After the elections, the boxes were collected and taken to counting stations. The counting process took a few days and results trickled out every few hours.
With the introduction of electronic voting machines, the voting process has become efficient. The possibilities of vote tampering are also reduced. The results are declared within a few hours on the counting day.
Increase in television ownership and expansion in the number of news channels have transformed elections into a reality show. On counting day all eyes are glued to the TV, monitoring results by the minute.
So I decided an infection would not deter me from casting my vote.
On the day of the election, Shanta was coming to work in the evening shift. Having made up my mind to vote, I ensured that I reached the polling booth early enough. There was a bit of a jagged patch en route to the booth, but the wheelchair bailed me out.
Fortuitously, there were just five other voters. In a few minutes I had cast my prized ballot. The polling officials also put the black dot on the back of my index finger with indelible ink. The entire process took about 15 minutes, but brought me great joy.
When Shanta saw the black spot on my index finger on her return to duty in the evening, she remonstrated: “Sir, you should not have gone out when you are unwell.” “I had to vote,” I replied. “If I do not vote, I lose the right to demand more. Casting the vote is the minimum duty of every citizen.”
“Next time, I too will vote,” she mumbled to herself. I was ecstatic.
Hari Chand Aneja is a 96-year-old former corporate executive who now keeps busy with charity work
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
Hydrogen: Market potential
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.
"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.
Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.
The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.
Famous left-handers
- Marie Curie
- Jimi Hendrix
- Leonardo Di Vinci
- David Bowie
- Paul McCartney
- Albert Einstein
- Jack the Ripper
- Barack Obama
- Helen Keller
- Joan of Arc
Dengue%20fever%20symptoms
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England squad
Goalkeepers: Jordan Pickford, Nick Pope, Aaron Ramsdale
Defenders: Trent Alexander-Arnold, Conor Coady, Marc Guehi, Reece James, Harry Maguire, Tyrone Mings, Luke Shaw, John Stones, Ben White
Midfielders: Jude Bellingham, Conor Gallagher, Mason Mount, Jordan Henderson, Declan Rice, James Ward-Prowse
Forwards: Tammy Abraham, Phil Foden, Jack Grealish, Harry Kane, Bukayo Saka, Emile Smith Rowe, Raheem Sterling
Company%20Profile
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How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
MATCH INFO
Rugby World Cup (all times UAE)
Final: England v South Africa, Saturday, 1pm
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
RESULTS
Cagliari 5-2 Fiorentina
Udinese 0-0 SPAL
Sampdoria 0-0 Atalanta
Lazio 4-2 Lecce
Parma 2-0 Roma
Juventus 1-0 AC Milan
Everybody%20Loves%20Touda
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Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
Without Remorse
Directed by: Stefano Sollima
Starring: Michael B Jordan
4/5
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.”
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support