MUMBAI // The news anchor was at his ballistic best.
"This man is a killer," he declared. "He is a molester, a barbarian, an animal."
Joining the prime-time television news debate, which at times seemed like the proceedings of a kangaroo court, were a government minister, a women's rights activist and a lawyer. The three nodded in agreement.
"Strip him of his uniform," one of them suggested. "Give him the capital punishment."
The object of their ire was SPS Rathore, the former director general of police of Harayana state in northern India, who was accused of molesting a 14-year-old girl nearly two decades ago and driving her to commit suicide.
Since then, her family has fought a lonely battle for justice, and has made claims of harassment. Her brother says he has been attacked and false charges laid against him.
For years police never charged Rathore, who was promoted by successive federal governments in Harayana.
The television debate, like many others raging in the Indian media, reflects the mood across a vast swathe of middle-class Indians.
The molestation case, recognised as the "Ruchika trial" after its victim, Ruchika Girotra, has unleashed rare middle-class outrage against India's judicial system and politicians and bureaucrats who are believed to manipulate the system to their advantage while middle-class and poor Indians are left to their own devices.
The Ruchika trial has sparked off a rash of street demonstrations against the government, volubly demanding that Rathore be swiftly brought to justice.
After he was given only a six-month sentence and immediately released on bail on the molestation charge in mid-December, Rathore emerged out of the court smiling.
"It's such an old case, what's there to click?" he told waiting photographers as he left the court, a statement that infuriated Ruchika's family and provoked angry reactions from the middle class and the media.
The case represents a growing trend of India's growing middle class - who make up 30 per cent of India's 1.2 billion people - taking on power structures.
This educated, urban populace has long maintained at arm's length from India's political system, which is widely viewed to be crass, criminal and corrupt.
"There was a time when even decent, law-abiding citizens chose the more practical option of keeping quiet and swallowing their humiliation rather than picking up a fight they felt they were sure to lose," Sidharth Bhatia, a commentator wrote in a recent column titled "Indian middle class is striking back" in DNA, an Indian daily newspaper.
"The bureaucracy, the political class and the justice system were too heavily loaded against the average citizen. Unless you actually knew someone from within the power citadel, you could not hope to get your voice heard."
The explosion in the Indian mass media, of which the middle class are the biggest consumers, in recent years, Bhatia says, is changing all that.
"Though most battles have been fought by brave, middle-class people on their own, quietly and anonymously, the media, by picking those stories up, have acted as a kind of moral force multiplier," she says.
In recent years, similarly robust media coverage has brought justice in other cases pertaining to the middle class, including that of Jessica Lal, a fashion model who was shot and killed by Manu Sharma, the son of an influential politician in an upscale bar in New Delhi in 1999.
In his trial, which lasted more than seven years, Sharma and the other accused were acquitted.
The media called the acquittal a travesty of justice; it stirred deep emotions among the middle class and exposed corruption and nepotism in the political class.
A few months later, after much public agitation and sustained media campaigning, the case was re-opened by the Delhi high court, and in December 2006, Sharma was finally sentenced to life imprisonment.
Now there is hope the same will work in the Ruchika trial, with the media putting pressure on the authorities to act speedily and justly, and that Rathore will get more than a six-month sentence.
India's home ministry is reportedly considering reforming the way police complaints are filed. It is also considering revoking perks and pensions of convicted officers.
But critics accuse the media of class bias. Its focus, critics say, is limited only on the middle class who bridle at the denial of justice for one of their own.
"The poor and the uneducated are still at the mercy of the system, which is heavily loaded against them," Bhatia wrote in his column. "The policemen for a poor Indian still represents tyranny and abuse of power rather than a friend or ally. The courts are not easy to access and the bureaucracy is unresponsive."
"I have breaking news for you," said Nalini Singh, a television journalist. "Now, as we speak, some girl in another large city or small town is being molested or raped. There are many Rathores in this country. Who will go after them?"
The reason why the country, as a whole, appears to ravenously and angrily stand up for Ruchika's family is because of the visibility generated for the case through mass media, observers say. But India's poor who face similar harassment are not that fortunate.
"Let's not forget that each year there are thousands of Ruchikas. India's policemen, officials and politicians mistreat, torture, molest, rob and rape poor people all the time.
"Because the victims are not middle class, we never get to hear of these cases," said Vir Sanghvi, the editor of Hindustan Times. "For us, in the middle class and media, I am sure our pressure will yield results. But we need to go beyond our class and our interests. Millions of Indians face injustice that is even worse."
Email:achopra@thenational.ae
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Company Profile
Company name: Yeepeey
Started: Soft launch in November, 2020
Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani
Based: Dubai
Industry: E-grocery
Initial investment: $150,000
Future plan: Raise $1.5m and enter Saudi Arabia next year
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Sav%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Purvi%20Munot%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%24750%2C000%20as%20of%20March%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Angel%20investors%3C%2Fp%3E%0A
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
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%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Ovasave%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20November%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Majd%20Abu%20Zant%20and%20Torkia%20Mahloul%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Healthtech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20Three%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%24400%2C000%3C%2Fp%3E%0A
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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.”
Babumoshai Bandookbaaz
Director: Kushan Nandy
Starring: Nawazuddin Siddiqui, Bidita Bag, Jatin Goswami
Three stars
Karwaan
Producer: Ronnie Screwvala
Director: Akarsh Khurana
Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar
Rating: 4/5
The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
The schedule
December 5 - 23: Shooting competition, Al Dhafra Shooting Club
December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq
December 11 - 20: Dates competition, from 4pm
December 12 - 20: Sour milk competition
December 13: Falcon beauty competition
December 14 and 20: Saluki races
December 15: Arabian horse races, from 4pm
December 16 - 19: Falconry competition
December 18: Camel milk competition, from 7.30 - 9.30 am
December 20 and 21: Sheep beauty competition, from 10am
December 22: The best herd of 30 camels
SERIE A FIXTURES
Friday Sassuolo v Torino (Kick-off 10.45pm UAE)
Saturday Atalanta v Sampdoria (5pm),
Genoa v Inter Milan (8pm),
Lazio v Bologna (10.45pm)
Sunday Cagliari v Crotone (3.30pm)
Benevento v Napoli (6pm)
Parma v Spezia (6pm)
Fiorentina v Udinese (9pm)
Juventus v Hellas Verona (11.45pm)
Monday AC Milan v AS Roma (11.45pm)
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now