Millions of firecrackers lit up Delhi’s skies overnight on Thursday, covering the city in a thick blanket of toxic smog, despite a ban on Diwali fireworks in the city.
Toxic emissions from factories, vehicles, construction sites and agricultural fires regularly turn the Indian capital into one of the most polluted cities globally, but every year a frenzied night of fireworks aggravates the air pollution crisis.
Residents woke up to the sharp smell of fireworks in the air and neighbourhoods were covered in a putrid yellow toxic mix of fog and pollutants across the megacity of 20 million people.
Many complained of itchy burning eyes, headaches and breathing issues.
Levels of PM 2.5 – the fine particles linked to chronic bronchitis, lung cancer and heart disease – breached the safe limits by nearly 11 times at 680, according to the government-run System of Air Quality Weather Forecasting and Research (Safar).
The figures are nearly 14 times higher than the World Health Organisation’s safe limits.
An average five million tonnes of firecrackers are burnt during the Diwali festival in Delhi, according to a 2018 report by environmental charity Urban Emissions.
At the beginning of the week, the city’s air quality plummeted to the “very poor” category, but the unending flurry of fireworks during the biggest festival turned it to an alarming “severe”.
Delhi’s overall Air Quality Index hovered around 700, Safar said, as it advised residents to avoid outdoor activities and wear masks. A score of 200 is considered severe.
The health risks of such a bad smog are many, and those recovering from Covid-19 are particularly at risk, doctors said.
"Air pollution can have acute and chronic effects when there is a long-term exposure. It can cause acute bronchitis, lower and upper respiratory tract infections, burning eyes, nasal issues and pneumonia," said Dr Vikas Maurya, Director of Pulmonology at the Fortis Hospital in Delhi.
"Patients who have asthma can have acute attacks. There are chronic effects which one feels after many years...effects on heart, cardiovascular issues, plaques, heart attacks, brain strokes due to subsequent exposure."
The capital had banned all fireworks over concerns of a pollution spike but residents showed mass disregard.
Police in recent days seized more than 5,000 tonnes of firecrackers and arrested dozens to enforce the ban opposed by many Hindus over claims it hurts their religious sentiments.
Delhi’s satellite cities like Gurugram and Noida had restricted displays of less toxic “green crackers” to a two-hour window.
The Supreme Court had banned crackers in 2018 that contain substances like lead, arsenic and barium but allowed use of less polluting varieties.
It called Delhi a “gas chamber” in 2019 over its deteriorating air and reiterated its ban on toxic firecrackers on Monday, while noting the right to health was supreme.
A 2020 report by Swiss organisation IQAir named 22 Indian cities in the world’s 30 most polluted cities, with Delhi ranking as the most polluted capital city.
Last year, international medical journal The Lancet said India lost 1.67 million people to toxic air in 2019.
Delhi is typically gripped by the smog crisis at the onset of winter season when temperature dips and air moisture rises.
It is further aggravated by northwest winds that bring smoke from India’s northern breadbasket states of Punjab and Haryana.
Farmers use the earth scorching method to clear their fields of crop residue to prepare their land for the next planting season.
Stubble burning was outlawed in 2015 but it continues unabated, with Safar reporting more than 2,300 farm fires on Thursday.
The pollution monitoring agency said smoke from crop fires contributed 35 per cent to the city’s polluted air on Friday, while the overnight fireworks further pushed the pollution levels 10 times over.
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Essentials
The flights
Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours.
The package
Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.
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.”
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
England World Cup squad
Eoin Morgan (capt), Moeen Ali, Jofra Archer, Jonny Bairstow, Jos Buttler (wkt), Tom Curran, Liam Dawson, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, James Vince, Chris Woakes, Mark Wood
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Tax authority targets shisha levy evasion
The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.
Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".
The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.
He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.
"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.
As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.
Five ways to get fit like Craig David (we tried for seven but ran out of time)
Start the week as you mean to go on. So get your training on strong on a Monday.
Train hard, but don’t take it all so seriously that it gets to the point where you’re not having fun and enjoying your friends and your family and going out for nice meals and doing that stuff.
Think about what you’re training or eating a certain way for — don’t, for example, get a six-pack to impress somebody else or lose weight to conform to society’s norms. It’s all nonsense.
Get your priorities right.
And last but not least, you should always, always chill on Sundays.
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
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
The specs: Fenyr SuperSport
Price, base: Dh5.1 million
Engine: 3.8-litre twin-turbo flat-six
Transmission: Seven-speed automatic
Power: 800hp @ 7,100pm
Torque: 980Nm @ 4,000rpm
Fuel economy, combined: 13.5L / 100km
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000