• Farmers protest in New Delhi. All photos by AFP
    Farmers protest in New Delhi. All photos by AFP
  • Their protests have laid bare the inequality across much of the country.
    Their protests have laid bare the inequality across much of the country.
  • More than 60 per cent of India’s 1.3 billion people depend on agriculture for their livelihood.
    More than 60 per cent of India’s 1.3 billion people depend on agriculture for their livelihood.
  • The sector, however, accounts for only about 15 per cent of the country’s economic output.
    The sector, however, accounts for only about 15 per cent of the country’s economic output.
  • Farmers are protesting against central government policies.
    Farmers are protesting against central government policies.
  • Protestors have challenged Prime Minister Modi’s efforts to reshape farming in India.
    Protestors have challenged Prime Minister Modi’s efforts to reshape farming in India.
  • Protestors have called on the government to reduce their role in agriculture.
    Protestors have called on the government to reduce their role in agriculture.
  • They have also called for more space for private investors
    They have also called for more space for private investors
  • Protestors fear Prime Minister Modi’s efforts to reshape farming in India would see them at the mercy of greedy corporations.
    Protestors fear Prime Minister Modi’s efforts to reshape farming in India would see them at the mercy of greedy corporations.
  • A farmer participates in a protest against the central government policies, in New Delhi.
    A farmer participates in a protest against the central government policies, in New Delhi.
  • Farmers from various organisations gather as they participate in a protest against the central government policies, in New Delhi.
    Farmers from various organisations gather as they participate in a protest against the central government policies, in New Delhi.

India steps up security as farmers take to New Delhi's streets


Taniya Dutta
  • English
  • Arabic

Police in New Delhi have tightened security and put up concrete barricades on the roads in an attempt to block thousands of farmers converging on India's capital on Monday for a day-long protest.

The Samyukt Kisan Morcha, an umbrella body of 40 farmer organisations, called for a protest to demand the proper introduction of a minimum support price (MSP) for crops.

It has also called for measures to make all farmers debt-free and the withdrawal of all criminal charges against protesters involved in the year-long movement.

“It will be a one-day programme which will be conducted with complete peace and discipline,” the farmers' body said.

“If the government tries to create any kind of disturbance, then the government itself will be responsible for that.”

The Samyukt Kisan Morcha is also demanding the arrest of the minister of state in the Ministry of Interior, Ajay Mishra, whose son Ashish Mishra is accused of shooting at farmers and then mowing them down with a car in Uttar Pradesh’s Lakhimpur Kheri in October last year.

Eight people, including four farmers, were killed after violence broke out during the Lakhimpur Kheri protest against new farm laws.

Farmers from northern Punjab, Haryana, Uttar Pradesh and southern Karnataka states began to arrive via train in the capital's Jantar Mantar assembly on Monday morning, wearing green turbans and carrying flags with slogans against the government.

There was a heavy police presence at Singhu border, near Haryana, and Tikri, near Uttar Pradesh’s Ghaziabad — the tension points where hundreds of thousands farmers converged and protested, for a year, against the three contentious farm laws in November 2020.

Prime Minister Narendra Modi’s government pushed the bills that sought to deal with the sale of produce in the free market, contract farming and the deregulation of food commodities.

Farmers attend a Maha Panchayat or grand village council meeting as part of a farmers' protest against what they say are unfulfilled promises by the government, in New Delhi. Reuters
Farmers attend a Maha Panchayat or grand village council meeting as part of a farmers' protest against what they say are unfulfilled promises by the government, in New Delhi. Reuters

The government termed the laws “historic” and the “biggest reforms” in the agriculture sector but was forced to roll them back after unrelenting protests by farmers who said they were not in their best interests.

The farmers also said protests would continue until legislation to guarantee minimum prices was passed.

A three-kilometre traffic jam ensued at the Delhi-Ghazipur border as commuters headed for New Delhi were stuck due to barricades set up.

Rakesh Tikait, a top protest leader who led the demonstration at Delhi’s Gazipur border, said he was detained by police when he entered the city to participate in the protests on Sunday.

“The Delhi Police working on the behest of the government cannot suppress the voice of the farmers. This arrest will bring a new revolution. This struggle will continue till the last breath,” Mr Tikait said.

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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COMPANY PROFILE
Name: Kumulus Water
 
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Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

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Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Brief scores:

Scotland 371-5, 50 overs (C MacLeod 140 no, K Coetzer 58, G Munsey 55)

England 365 all out, 48.5 overs (J Bairstow 105, A Hales 52; M Watt 3-55)

Result: Scotland won by six runs

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

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Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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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.”

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

 

 

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

IF YOU GO
 
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
 
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info

 Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.

AGL AWARDS

Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
Golden Boy - best young player: Ali Saleh (Al Wasl)
Best Fans of the Year: Sharjah
Goal of the Year: Michael Ortega (Baniyas)

Company profile

Name:​ One Good Thing ​

Founders:​ Bridgett Lau and Micheal Cooke​

Based in:​ Dubai​​ 

Sector:​ e-commerce​

Size: 5​ employees

Stage: ​Looking for seed funding

Investors:​ ​Self-funded and seeking external investors

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

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Transmission: 8-speed auto

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THE BIO

Occupation: Specialised chief medical laboratory technologist

Age: 78

Favourite destination: Always Al Ain “Dar Al Zain”

Hobbies: his work  - “ the thing which I am most passionate for and which occupied all my time in the morning and evening from 1963 to 2019”

Other hobbies: football

Favorite football club: Al Ain Sports Club

 

LEADERBOARD
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How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Updated: August 22, 2022, 3:21 PM