People with their valuables as they walk down on a flooded road following a heavy rainfall, in Bangalore. EPA, File
People with their valuables as they walk down on a flooded road following a heavy rainfall, in Bangalore. EPA, File
People with their valuables as they walk down on a flooded road following a heavy rainfall, in Bangalore. EPA, File
People with their valuables as they walk down on a flooded road following a heavy rainfall, in Bangalore. EPA, File

Two killed in Bengaluru floods


Taniya Dutta
  • English
  • Arabic

At least two people died in Bengaluru as pre-monsoon storms wreaked havoc in the city known as India’s Silicon Valley because of its high-tech industry.

The capital city of Karnataka state was lashed with torrential rains for three days, flooding low-lying areas and underpasses.

India's Meteorological Department warned that the city will continue to receive heavy rainfall till the end of the month.

A 22-year-old woman died inside a taxi in a flooded underpass and a 31-year-old man died after falling into a storm well on Sunday, the first day of the deluge.

Potholes have appeared in many major roads and more than 20 houses have been flooded in Mahalakshmi area, local media reported.

In Mallaswer, an upscale part of the city, the jewellery store Nihaan Jewellers was flooded with rain and sewage, uprooted plants and trees, destroying ornaments worth 20 million rupees.

Footage captured on mobile phones showed the moment the muddy water gushed into the showroom, submerging gold-plated ornaments.

“About five feet [1.5 metres] of rainwater and sewage water came inside the shop. The rainwater has no place to go down the drain, as the road is illogically built. There is no drainage, they are building a road but have not left space for the water to go down the drains,” the shop's owner Priya Sanjay told The National.

“Our shop is in the basement. There is a ton of mud and leaves inside the shop. We have incurred a loss of 2 crore [20 million] rupees. We completed the first anniversary last year but now, we have lost everything. It is because of the authorities and lack of planning.”

The municipal corporation said it was struggling to deal with calls about the flooding.

“We are getting 300 calls a day regarding the sewage and drainage and tree felling,” said Manjunath Swamy, deputy commissioner for administration.

Bangalore floods
Bangalore floods

“This time it is not only raining but wind speed as well. The wind speed is 36 kph, which is uprooting trees.”

Mr Swamy said authorities had sent teams from the forest department and collaborated with the water and electricity bodies and the fire service to help citizens.

“We have cleared the underpasses and closed them during the evening as the rains are mostly in the night. Traffic and police authorities have been informed to not allow anyone to use them. We have closed around 18 to 21 underpasses,” he said.

The city, with a population of about 13 million, is surrounded by lakes and ponds. Each year, floods are triggered by torrential rainfall in the monsoon season because of poor infrastructure and drainage.

In many areas, a lack of culverts leads to sewage and rainwater building up, resulting in waterlogging.

Activist say that the construction of roads and residential and commercial buildings is out of control and the infrastructure cannot support the rate of development.

“Bengaluru has seen exponential growth as an IT hub but the most dynamic city has come at a cost of more population than it can accommodate. The infrastructure growth has not kept pace with population,” said Srinivas Alavilli, a civic rights activist.

He said there was a lack of political accountability.

The city does not have and Mr Alavilli said this meant a lack of clear vision and policies.

“The political economy is such that it revolves around real estate,” he said.

“It was a sleepy town and suddenly woke up to become an IT hub but the governance structure has not evolved. The decentralisation of administration has not happened.

“There is no political accountability as there is no empowered city governance. There is a lack of planning by the authorities, it is always the reaction, response and relief system. There is a governance gap.”

MATCH INFO

Manchester United 6 (McTominay 2', 3'; Fernandes 20', 70' pen; Lindelof 37'; James 65')

Leeds United 2 (Cooper 41'; Dallas 73')

Man of the match: Scott McTominay (Manchester United)

What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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.”

JOKE'S%20ON%20YOU
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RESULTS
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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.”

What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
Updated: May 24, 2023, 1:35 PM