Indian police are searching for a teacher accused of beating a low-caste pupil to death over a spelling mistake, officers said on Tuesday.
The incident has led to violent protests.
Nikhil Dohre, 15, was struck with a rod and kicked until he was unconscious by his teacher earlier this month after misspelling the word “social” in an exam, according to a police complaint by his father.
He died from his injuries on Monday at a hospital in the northern state of Uttar Pradesh. The teacher has fled.
“He is on the run, but we will arrest him soon,” police officer Mahendra Pratap Singh told AFP.
Nikhil was a member of the Dalit community, which sits at the lowest rung of India's caste system and has been subject to prejudice and discrimination for centuries.
Hundreds of people took to the streets on Monday after news of Nikhil's death spread in Auraiya district, where the attack happened.
The crowd demanded the teacher's arrest before the cremation of the boy's body and torched a police vehicle.
About a dozen protesters have been arrested, Mr Singh said.
“We used force to quell the mob and the situation soon came under control,” said Police Superintendent Charu Nigam.
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Friday:
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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.
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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.
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