When Narendra Modi declared his intention to run for prime minister earlier this year, he raised a question that dwarfed all others: would he be any good for Indian democracy?
About seven months into his government, the answer to that question may be emerging.
Members of Rashtriya Swayam Sevak Sangh (RSS) – the ideological basis of the Bharatiya Janata Party headed by Mr Modi – have been appointed to key positions in the governing party and cultural institutions. More than at any other time in the BJP’s stint in office at federal or state level, nationalists have railed against the introduction of “western” practices such as putting candles on birthday cakes, celebrating Valentine’s Day, wearing bikinis on the beach and using English in schools. Recently, they demanded that the Hindu religious book, Bhagwad Gita, be declared national scripture. Earlier this month a religious preacher-turned-minister, Sadhvi Niranjan Jyoti, described non-Hindus as “bastard children” at a campaign rally in Delhi, sparking a firestorm of controversies, although Mr Modi made her apologise in parliament. These incidents aside, there is a larger and nagging issue, one that has always been associated with the BJP: religious conversions. Some recent events have set off alarm bells, with liberals warning that they will fracture India’s society.
Earlier this month, as The National reported, more than 50 Muslims families of ragpickers in a village in Agra were reportedly converted to Hinduism apparently without their knowledge when they were attending a havan (Hindu religious ceremony). Dozens fled the village. The “victims” claimed they were asked to attend the event in order to receive ration cards and other basic amenities. Some acknowledged they knew they were being converted and gave in under pressure.
“We are poor people with nowhere to go, and if our landlord tells us to leave, we will have nowhere to go. What could the men have said but yes?” the Indian Express quoted one of the villagers as saying.
Around the same time, RSS announced that on Christmas Day they would hold a “Purkho ke Ghar Wapsi” (a purification and homecoming drive) programme, where they plan to convert at least 4,000 Christian and 1,000 Muslim families into Hinduism. Organisers claimed it will be one of the biggest conversion events ever. Police, however, said they would not allow any such ceremony to be held there, fearing a law and order problem.
What happens remains to be seen. The Indian constitution allows citizens the liberty to practice, propagate and profess their religion. Therefore, freedom to convert or be converted remains an important democratic principle.
So why did the Agra event raise so much hue and cry? That’s because these mass conversions are political in nature and could create communal tensions. It’s also because of the unethical use of material inducement to convert individuals.
As the Agra incident indicates, these conversions were driven by the politics of discrimination and exploitation.
However, many of these “converts” said they returned to their original faith, which proves that at the core of this issue lies poverty and deprivation.
Therefore, conversion from one religion to another, whether of individuals or groups and whether they create political or social tensions or not, ought not be of much concern so long as there is no force or forgery involved.
The real concern is that this phenomenon tends to deflect attention from the collective prosperity promised by the Modi government.
For today’s generation, slogans of Hindutva are far less significant than jobs, economic development and quality of life. There is a genuine desire for economic growth and good governance. This was evident in election rallies and the massive voter-turnout in militancy affected states such as Kashmir and Chhattisgarh, as well as in the collective effort to maintain peace and communal harmony when riots broke out between Hindus and Muslims in Delhi’s Trilokpuri area.
If Indians have voted for the BJP with their feet, it was only because of its emphatic promises to turn around the economy. It would be a tragedy if, in the end, Mr Modi’s lofty slogans prove to be as hollow as that of the Congress party and its mission to eradicate poverty.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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.”
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
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Sheikh Zayed's poem
When it is unveiled at Abu Dhabi Art, the Standing Tall exhibition will appear as an interplay of poetry and art. The 100 scarves are 100 fragments surrounding five, figurative, female sculptures, and both sculptures and scarves are hand-embroidered by a group of refugee women artisans, who used the Palestinian cross-stitch embroidery art of tatreez. Fragments of Sheikh Zayed’s poem Your Love is Ruling My Heart, written in Arabic as a love poem to his nation, are embroidered onto both the sculptures and the scarves. Here is the English translation.
Your love is ruling over my heart
Your love is ruling over my heart, even a mountain can’t bear all of it
Woe for my heart of such a love, if it befell it and made it its home
You came on me like a gleaming sun, you are the cure for my soul of its sickness
Be lenient on me, oh tender one, and have mercy on who because of you is in ruins
You are like the Ajeed Al-reem [leader of the gazelle herd] for my country, the source of all of its knowledge
You waddle even when you stand still, with feet white like the blooming of the dates of the palm
Oh, who wishes to deprive me of sleep, the night has ended and I still have not seen you
You are the cure for my sickness and my support, you dried my throat up let me go and damp it
Help me, oh children of mine, for in his love my life will pass me by.
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Squad
Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas)
Monday's results
- UAE beat Bahrain by 51 runs
- Qatar beat Maldives by 44 runs
- Saudi Arabia beat Kuwait by seven wickets