• Emergency workers search for victims after 22 people were confirmed dead in a landslide in Maharashtra, India. AF
    Emergency workers search for victims after 22 people were confirmed dead in a landslide in Maharashtra, India. AF
  • Hopes were fading for dozens missing after the landslide smashed into the village in Raigad on July 20. AFP
    Hopes were fading for dozens missing after the landslide smashed into the village in Raigad on July 20. AFP
  • In this handout photograph released by India’s National Disaster Response Force (NDRF) and taken on July 21, 2023, NDRF personnel inspect the site of a landslide at Irshalwadi village of Raigad district in Maharashtra state. (Photo by India's National Disaster Response Force (NDRF) / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / India’s National Disaster Response Force (NDRF) " - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
    In this handout photograph released by India’s National Disaster Response Force (NDRF) and taken on July 21, 2023, NDRF personnel inspect the site of a landslide at Irshalwadi village of Raigad district in Maharashtra state. (Photo by India's National Disaster Response Force (NDRF) / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / India’s National Disaster Response Force (NDRF) " - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
  • Women mourn the death of relatives in a landslide in Raigad, Maharashtra. Reuters
    Women mourn the death of relatives in a landslide in Raigad, Maharashtra. Reuters
  • A woman whose family were trapped under rubble after the landslide washed away houses in Raigad district. AP Photo
    A woman whose family were trapped under rubble after the landslide washed away houses in Raigad district. AP Photo
  • Disaster recovery workers near the landslide site after the village, home to more than 200 people, was engulfed in mud. EPA
    Disaster recovery workers near the landslide site after the village, home to more than 200 people, was engulfed in mud. EPA
  • Damaged structures after the disaster in Irshalwadi village. EPA
    Damaged structures after the disaster in Irshalwadi village. EPA
  • Local police said conditions were hampering rescue operations. EPA
    Local police said conditions were hampering rescue operations. EPA
  • A house affected by the landslide in Irshalwadi village. EPA
    A house affected by the landslide in Irshalwadi village. EPA
  • Rescuers work at the site of the landslide, which was triggered by torrential rains in Raigad district. AP Photo
    Rescuers work at the site of the landslide, which was triggered by torrential rains in Raigad district. AP Photo
  • Rescuers at the site where many people were trapped under piles of debris. AP Photo
    Rescuers at the site where many people were trapped under piles of debris. AP Photo

India landslide: Death toll climbs to 21 as rescuers dig for survivors


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Rescuers found five more bodies in India’s western Maharashtra state on Friday, raising the death toll from a landslide triggered by torrential rains to at least 21, with many others feared trapped under debris, officials said.

A team of 60 rescuers and trained trekkers has been sent to rescue people trapped by the landslide, which occurred late on Wednesday night, the state's deputy chief minister Devendra Fadnavis tweeted.

Harsh weather has hampered rescue efforts and authorities have sent in medical teams to help the injured, he added.

While 75 people have been rescued, many others are still stuck, an official told the Press Trust of India news agency.

The landslide hit Irshalwadi village in the Raigad district and buried 17 of the 50 houses there.

Search operations were suspended on Thursday night due to heavy rainfall plus the threat of further landslides in the dark, the National Disaster Response Force said.

It said rescuers had resumed search operations on Friday and found five bodies, raising the confirmed death toll to 21. Nine members of one family were killed in the mudslide, The Indian Express reported.

Ten other rescued people have been taken to hospital, it said. It did not say how many people were feared trapped under the rubble.

The hilly terrain has made the task of rescuers difficult because heavy equipment to remove the rubble cannot be moved easily. From the base of the hill, it takes about 90 minutes to reach Irshalwadi due to a lack of paved roads.

India's weather department placed Maharashtra under alert as the state was lashed by incessant rains this week. The downpours have disrupted life for many in the state, including in the capital, Mumbai, where authorities shut schools on Thursday.

Local train service has been disrupted, with water flowing inside stations and over tracks, local media reported.

Record monsoon rains killed more than 100 people in northern India over the past two weeks, officials said, as the downpours caused roads to cave in and homes to collapse.

Monsoon rains across the country have already brought about 2 per cent more rainfall this year than normal, the weather agency said.

India regularly experiences severe floods during the monsoon season, which runs between June and September and brings most of South Asia’s annual rainfall. The rains are crucial for rain-fed crops planted during the season but often cause extensive damage.

Scientists say monsoons are becoming more erratic because of climate change, leading to frequent landslides and flash floods in India’s Himalayan north.

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.”

MATCH DETAILS

Chelsea 4 

Jorginho (4 pen, 71 pen), Azpilicueta (63), James (74)

Ajax 4

Abraham (2 og), Promes (20). Kepa (35 og), van de Beek (55) 

The years Ramadan fell in May

1987

1954

1921

1888

A%20QUIET%20PLACE
%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Lupita%20Nyong'o%2C%20Joseph%20Quinn%2C%20Djimon%20Hounsou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EMichael%20Sarnoski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The specs

Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

Torque: 565Nm at 6,500rpm

Transmission: 7-speed dual-clutch auto

Price: From Dh1 million

On sale: Q3 or Q4 2022 

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

'Top Gun: Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Your rights as an employee

The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.

The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.

If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.

Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.

The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

The%20specs%3A%20Taycan%20Turbo%20GT
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Updated: July 21, 2023, 6:20 PM