Indian farmer Rajpal Singh Yadav says he smiled on Friday for the first time in a year since he rode his tractor to a protest camp on the outskirts of the Indian capital, after Prime Minister Narendra Modi promised to repeal three controversial agriculture laws.
Standing by his tractor trolley converted into a camper at a makeshift “tent city” at the Ghazipur border with New Delhi, the 60-year-old farmer from Rampur district in northern Uttar Pradesh state ate sweets and hugged his compatriots amid the deafening din of firecrackers, cheers and patriotic songs.
“I have mixed feelings. I am glad that a year after our struggle began, Modi finally heard us. It is our victory and I am certainly happy but these are just words,” Mr Yadav told The National.
In a surprising about-turn, Mr Modi told the nation that he would repeal the three laws that had triggered the single biggest challenge to his government since it came to power in 2014.
The legislation led to widespread street protests and became a political flashpoint, forcing his government to call for their annulment in the coming parliamentary session.
“Maybe something was lacking in our efforts which is why we could not convince some farmers about the laws. But today is not the time to blame anyone,” Mr Modi said in televised speech on Friday morning.
“I want to tell the country that we have decided to repeal the three farm laws.”
Mr Modi’s ruling Bharatiya Janata Party bulldozed through the laws through Parliament in September last year in what the government said was the country biggest overhaul of the country's agriculture sector.
The laws, which have been suspended for 18 months by the Supreme Court, deal with the sale of produce on the free market, contract farming and deregulating food commodities from government control, sparking strong resistance from farmers in Punjab and Haryana — the breadbasket states of India.
Opponents called the laws a “death warrant” over fears that they would benefit big businesses and leave small farmers at their mercy in a country where about half of the country's 1.3 billion people are engaged in agriculture, directly and indirectly.
Agricultural workers and other opponents organised several local protests before tens of thousands of farmers set off on foot and by tractor for New Delhi to press their demands.
They were violently stopped by police at the entry points to the capital on November 26.
Following the clashes, the farmers attempted to block the main roads into Delhi and organised sit-ins at the capital’s entry points, beginning a year-long logjam after talks between the government and farmers' unions failed.
Since then, carrying mattresses, blankets and provisions, millions of farmers from Punjab, Haryana and Uttar Pradesh have set up camp in several areas. They braved bone-chilling cold, scorching summer heat and incessant rains amid a devastating pandemic as they challenged the government.
“We have given a tight slap to this government with our determination and resilience,” Avtar Singh, 55, a farmer from Punjab, told The National at the protest site in Singhu, one of the three main encampments near the capital.
“We are overjoyed but also being cautious. Modi has verbally announced it but we don't trust him. We are not moving an inch from Singhu or other protest sites until the laws are cancelled,” he said.
We are not moving an inch from Singhu or other protest sites until the laws are cancelled
Avtar Singh,
farmer
Farmers' unions spearheading the agitation have also said they will not vacate the protest sites until the government brings the necessary legislation to Parliament and meets their other demands.
Agricultural workers in particular are demanding a nationwide law to provide a minimum support price (MSP) system that guarantees minimum rates for their produce.
So far, price support schemes have been offered by individual states under their policy frameworks.
“I am not happy; I welcome the move but I will be happy when we get a guarantee on MSP to sell our crops. We won’t quit our agitation at any cost unless we get that,” Om Prakash Commando, a farmer from Aligarh, said.
Devinder Sharma, an agriculture expert, said forcing the government to repeal the laws was a “remarkable feat” but still only a “half victory” for farmers unless the government passed the MSP legislation.
“The government will have to step in and see that MSP becomes a legal right and no trading takes place below the MSP that it announces for various crops,” Mr Sharma told The National.
“The bigger crisis is how to take out farmers from the severe agrarian distress that prevails,” he said.
Analysts say the unprecedented move by Mr Modi — known for his iron-fisted rule — is purely for political reasons as the ruling party’s image was dented by the year-long agitation by farmers, considered a key voter bloc.
Five Indian states, including the bellwether state of Uttar Pradesh, along with Punjab, are holding elections early next year.
Farmers' unions across the poll-bound states went after Mr Modi, calling his policies “anti-poor” and “pro-rich” and putting the powerful leader on the back foot.
“This has certainly taken off some of the sheen from his charisma because Modi never takes back a decision,” Arathi Jerath, a Delhi-based political analyst, told The National.
“I don't know if the farmers are necessarily going to give Modi the brownie points he's looking for … he has done it from a position of weakness rather than from a position of strength.”
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
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Stage result
1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34
2. Sam Bennett (Irl) Bora-Hansgrohe
3. Elia Viviani (Ita) Ineos Grenadiers
4. Dylan Groenewegen (Ned) BikeExchange-Jayco
5. Emils Liepins (Lat) Trek-Segafredo
6. Arnaud Demare (Fra) Groupama-FDJ
7. Max Kanter (Ger) Movistar Team
8. Olav Kooij (Ned) Jumbo-Visma
9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux
10. Pascal Ackermann (Ger) UAE Team Emirate
Meydan race card
6.30pm: Maiden Dh 165,000 1,600m
7.05pm: Handicap Dh 185,000 2,000m
7.40pm: Maiden Dh 165,000 1,600m
8.15pm: Handicap Dh 190,000 1,400m
8.50pm: Handicap Dh 175,000 1,600m
9.25pm: Handicap Dh 175,000 1,200m
10pm: Handicap Dh 165,000 1,600m
Iran's dirty tricks to dodge sanctions
There’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Here’s a description of how some work.
1 Going Dark
A common method to transport Iranian oil with stealth is to turn off the Automatic Identification System, an electronic device that pinpoints a ship’s location. Known as going dark, a vessel flicks the switch before berthing and typically reappears days later, masking the location of its load or discharge port.
2. Ship-to-Ship Transfers
A first vessel will take its clandestine cargo away from the country in question before transferring it to a waiting ship, all of this happening out of sight. The vessels will then sail in different directions. For about a third of Iranian exports, more than one tanker typically handles a load before it’s delivered to its final destination, analysts say.
3. Fake Destinations
Signaling the wrong destination to load or unload is another technique. Ships that intend to take cargo from Iran may indicate their loading ports in sanction-free places like Iraq. Ships can keep changing their destinations and end up not berthing at any of them.
4. Rebranded Barrels
Iranian barrels can also be rebranded as oil from a nation free from sanctions such as Iraq. The countries share fields along their border and the crude has similar characteristics. Oil from these deposits can be trucked out to another port and documents forged to hide Iran as the origin.
* Bloomberg
PAST 10 BRITISH GRAND PRIX WINNERS
2016 - Lewis Hamilton (Mercedes-GP)
2015 - Lewis Hamilton (Mercedes-GP)
2014 - Lewis Hamilton (Mercedes-GP)
2013 - Nico Rosberg (Mercedes-GP)
2012 - Mark Webber (Red Bull Racing)
2011 - Fernando Alonso (Ferrari)
2010 - Mark Webber (Red Bull Racing)
2009 - Sebastian Vettel (Red Bull Racing)
2008 - Lewis Hamilton (McLaren)
2007 - Kimi Raikkonen (Ferrari)
In-demand jobs and monthly salaries
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Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
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Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
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MORE ON CORONAVIRUS & THE ECONOMY
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
The specs: Volvo XC40
Price: base / as tested: Dh185,000
Engine: 2.0-litre, turbocharged in-line four-cylinder
Gearbox: Eight-speed automatic
Power: 250hp @ 5,500rpm
Torque: 350Nm @ 1,500rpm
Fuel economy, combined: 10.4L / 100km
THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The specs: Rolls-Royce Cullinan
Price, base: Dh1 million (estimate)
Engine: 6.75-litre twin-turbo V12
Transmission: Eight-speed automatic
Power: 563hp @ 5,000rpm
Torque: 850Nm @ 1,600rpm
Fuel economy, combined: 15L / 100km