India's finance minister Arun Jaitley was wrapping up a three-day visit to the UAE, in which he discussed government and private investment. Reuters
India's finance minister Arun Jaitley was wrapping up a three-day visit to the UAE, in which he discussed government and private investment. Reuters
India's finance minister Arun Jaitley was wrapping up a three-day visit to the UAE, in which he discussed government and private investment. Reuters
India's finance minister Arun Jaitley was wrapping up a three-day visit to the UAE, in which he discussed government and private investment. Reuters

Indian minister tries to allay concerns about intolerance in his country during UAE visit


Ramola Talwar Badam
  • English
  • Arabic

DUBAI // India is stable and peaceful with no sign of rising intolerance, the country’s finance minister said at a UAE-India Economic forum in Dubai on Tuesday.

Arun Jaitley, who was speaking on the final day of a three-day visit to the UAE to discuss government and private investment, told community members, Indian and local businessmen that “on the ground there is no indication of intolerance”.

He said: “It becomes an issue for discussion when people try to give a country a bad name ... it’s statements in the media by some people adverse to the government. The situation is quite peaceful, on the ground level I see an environment of perfect harmony.”

Over the past two months dozens of Indian writers have returned literary awards to the government and historians, scientists and filmmakers have protested against attacks on minorities and liberals.

They have condemned attacks – against atheist thinkers and minorities – suspected of being carried out by right-wing Hindutva groups allied to the ruling Bharatiya Janata Party.

Several ministers of Indian prime minister Narendra Modi’s government, including Mr Jaitley, have dismissed the protests as a political ploy to damage the party and spread misinformation.

While Indian expatriates supported their country’s economic growth, they asked for visible government intervention in all cases of religious bigotry.

“Investment back home will have an impact if people are not satisfied or not comfortable with what is happening there,” said Kinana Muder, president of the Anjuman-e-Najmi cultural organisation in Dubai.

“The government should be doing something to curb these communal [inter-religious] differences, and I don’t see that happening. People lost everything in earlier communal riots in India so they are looking for the situation [not to be repeated].

“When you invest you don’t want to find yourself in the same situation, so minority groups might be really concerned to put their money back home. A person living outside wants to fall back on his homeland but if the homeland does not give him the security in terms of investment, security for family, children, who do they fall back on?”

A garment business owner Shabbir Abbas, said the government could do more to allay their fears. “This [intolerance] is a big concern, people need to feel safe,” he said.

He called for quicker paperwork processing for small businesses.

“It’s not just government departments but also in states where permissions for small and medium scale industries are not smooth,” Mr Abbas said.

“There are a lot of bureaucratic levels to go through so it takes a lot of effort for investors, especially non-resident Indians, to invest freely.”

But Mr Jaitley assured the community that processes were being cut short as part of the government’s ease-of-business agenda. “The level of engagement has increased and the capacity of the Indian economy to absorb that investment is high,” he said.

After Mr Modi’s visit to the UAE in August, the UAE promised to invest Dh275.4bn in India.

rtalwar@thenational.ae

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

The%20specs
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The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

If you go

The flights 

Emirates flies from Dubai to Funchal via Lisbon, with a connecting flight with Air Portugal. Economy class returns cost from Dh3,845 return including taxes.

The trip

The WalkMe app can be downloaded from the usual sources. If you don’t fancy doing the trip yourself, then Explore  offers an eight-day levada trails tour from Dh3,050, not including flights.

The hotel

There isn’t another hotel anywhere in Madeira that matches the history and luxury of the Belmond Reid's Palace in Funchal. Doubles from Dh1,400 per night including taxes.

 

 

The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Company profile

Company name: Dharma

Date started: 2018

Founders: Charaf El Mansouri, Nisma Benani, Leah Howe

Based: Abu Dhabi

Sector: TravelTech

Funding stage: Pre-series A 

Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs

'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
  • Shortened leave to remain - refugees will receive 30 months instead of five years
  • A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
  • To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
  • Under core protection there will be no automatic right to family reunion
  • Refugees will have a reduced right to public funds
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APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

The Case For Trump

By Victor Davis Hanson
 

AL%20BOOM
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While you're here