The Indian government is considering giving nearly nine million non-resident Indians living in the UAE and other Gulf countries the right to vote by postal ballot in elections back home.
Dubai businessman Dr Shamsheer Vayalil met Sunil Arora, chief election commissioner of India, and will meet India's Law Minister Ravi Shankar Prasad, in New Delhi later on Monday to address a long-pending demand of NRIs to cast their ballot while living overseas.
The Election Commission of India said “the matter is under active consideration.”
The regulatory body said in a statement that its officials are in contact with the law and external affairs ministries to find an early resolution to the issue of implementing NRI postal voting in the Gulf.
I hope that the benefit of postal voting for NRIs will be extended as early as possible, preferably this year
Dr Vayalil said his meeting with the Election Commissioner on NRI voting rights was "very positive."
“I hope that the benefit of postal voting for NRIs will be extended as early as possible, preferably this year.
“The Election Commissioner of India acknowledged and appreciated the legal battle which I have been involved for the last several years.”
Dr Vayalil, chairman of the VPS Healthcare group, has been the voice of millions of NRIs keen to be part of the Indian electoral process from the overseas countries where they work.
He petitioned India's Supreme Court in 2014 to allow NRIs to exercise their right to vote.
Once the government and election commission clears the request, Dr Vayalil is hopeful NRIs in the Gulf can vote in state elections in Kerala, West Bengal, Tamil Nadu and Puducherry scheduled for May and June.
Currently, Indians who live overseas can only vote in elections at home if they travel back to their constituencies to cast their ballot.
It is impractical and expensive for most people to take time off from work to fly home for a few days to cast their vote.
In his petition before the court and in letters to Indian officials, Dr Vayalil has said if the government approved postal voting rights to all NRIs, they could exercise their democratic will without travelling to their respective constituencies.
"The GCC accounts for the majority of NRIs ... so any decision that deprives voting rights of the majority of Indian citizens would be seen as discrimination," he has said.
The meeting with Indian officials comes after Indian media reported that the Ministry of External Affairs planned to implement a pilot voting programme for non-residents living in the US, Canada, New Zealand, Japan, Australia, Germany, France and South Africa.
Indian officials did not include GCC nations, due to a lack of information about governments in the Gulf granting permission for voting, and the approvals that would be required, media reports said.
Dr Vayalil highlighted instances of American, Philippine and Korean missions in Dubai, Abu Dhabi, Oman and Qatar accepting absentee ballots from their citizens in national elections last year.
"Citizens of other nations living in the GCC have been exercising their voting rights," he said.
Since the majority of NRIs live in the Gulf, Dr Vayalil’s message was that they should be part of any pilot project.
“To exclude the majority of NRIs from the invaluable right of voting will be a discrimination … and therefore it is humbly requested to reconsider the said decision and to grant the Gulf NRIs the right to vote in the ensuing assembly elections,” Dr Vayalil said in an earlier letter to India’s Election Commission.
There are about 8.9 million non-resident Indians in six GCC countries. The largest population – 3.4 million – live in the UAE, followed by 2.5 million in Saudi Arabia, according to Indian government figures.
In hearings related to the 2014 petition, the Supreme Court directed the Election Commission to submit a report and asked the government to clarify its stand.
The lower house of India’s parliament in 2018 passed a bill to allow NRIs to vote by proxy or to authorise a relative to vote on their behalf.
This decision lapsed and was not passed by the upper house after the dissolution of the houses ahead of the 2019 general elections.
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MATCH INFO
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Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
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Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
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Fixtures
Opening day Premier League fixtures for August 9-11
August 9
Liverpool v Norwich 11pm
August 10
West Ham v Man City 3.30pm
Bournemouth v Sheffield Utd 6pm
Burnley v Southampton 6pm
C Palace v Everton 6pm
Leicester v Wolves 6pm
Watford v Brighton 6pm
Tottenham v Aston Villa 8.30pm
August 11
Newcastle v Arsenal 5pm
Man United v Chelsea 7.30pm
Western Clubs Champions League:
- Friday, Sep 8 - Abu Dhabi Harlequins v Bahrain
- Friday, Sep 15 – Kandy v Abu Dhabi Harlequins
- Friday, Sep 22 – Kandy v Bahrain
How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
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
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What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
Mohammed bin Zayed Majlis
SCORES IN BRIEF
New Zealand 153 and 56 for 1 in 22.4 overs at close
Pakistan 227
(Babar 62, Asad 43, Boult 4-54, De Grandhomme 2-30, Patel 2-64)
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.”
GIANT REVIEW
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Director: Athale
Rating: 4/5
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Stars: Gang Dong-won, Lee Jung-hyun, Lee Ra
Director: Yeon Sang-ho
Rating: 2/5
The specs
Engine: 2.0-litre 4cyl turbo
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Torque: 405Nm at 1,750-3,500rpm
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Fuel consumption: 6.9L/100km
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The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
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Our legal advisor
Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.
Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation.
Education: Sagesse University, Beirut, Lebanon, in 2005.
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MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
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