New Delhi // On the first floor of a modern office block in central Delhi, Neetu Saxena and about 40 colleagues sit hunched over rows of computers painstakingly entering data in alphanumeric code.
At first glance, it could be a scene from any one of the Indian information technology companies that have fuelled the country's economic boom over the past 20 years.
But Ms Saxena is not writing new software, or performing back-office services. She is a doctor of yoga and part of a team working to protect technology India developed thousands of years ago.
"Yoga is Indian," she said in an interview. "Foreign countries are trying to patent it. Our traditional knowledge needs to be protected."
Ms Saxena is one of 200 experts employed by the Indian government to compile the Traditional Knowledge Digital Library (TKDL), a unique database designed to prevent foreign companies from patenting products based on ancient subcontinental know-how.
Established in 2001, the library began by trying to prevent "bio-piracy" in the pharmaceutical industry by collating and translating remedies from India's three main traditional medicine systems: Ayurveda, Unani and Siddha.
But the government is now increasingly worried about cultural piracy, particularly in regard to yoga, which is often stripped of its religious overtones and repackaged to cater to non-Hindus in the West.
In 2002, the government was outraged to learn that the Los Angeles-based "guru to the stars", Bikram Choudhury, had been awarded a copyright for the 26 postures he uses in his "hot yoga" sessions.
"We do not want to stop people practising yoga, but nobody should be able to claim they have created a new yoga and start charging franchise money," the head of the library, Vinod Kumar Gupta, said.
"Yoga should be free for everyone to use just as it is in India."
India's health and science ministries established the TKDL after the United States and European Union issued patents for basmati rice and medical products containing neem and turmeric, two plants widely used in Ayurveda and Unani.
Employees of the project study India's vast canon of ancient Sanskrit, Urdu, Persian, Arabic and Tamil texts, including sacred scriptures such as the Hindu holy book the Bhagavad Gita, for descriptions of old remedies and techniques.
Identifying the information and entering it on the database, where it appears in English, German, French, Spanish, and Japanese, is complex and time consuming, requiring language experts, IT specialists , doctors of traditional medicine and yoga - and lawyers.
"Our job is huge," Mr Gupta said. "We are a civilisation which is 5,000 years old, which has a tradition of codifying knowledge. We have transcribed 150 texts; we are in the business of transcribing another 200, and I am sure this is not even half a per cent of what exists in this country."
The database already contains 200,000 medical formulations employing ingredients as varied as ostrich fat (for aches and pains), powdered nightingale droppings (a skin lightener and laxative) and charred sea crab (for constipation, ulcers, cataracts and dental stains).
The aim of the database is to establish "prior art", the legal principle that an idea cannot be patented if it is already in the public domain.
India struggled to prove that in the past, and was drawn into lengthy legal battles because most traditional knowledge is now passed on orally.
Since 2006, however, foreign patent offices have had access to the TKDL so they can check whether something is already known in India.
Last year, the European Patent Office threw out 13 applications for products using traditional Indian knowledge without India having to send lawyers.
"Zero cost and the time period is three or four months compared to spending years and millions of dollar fighting a case," Mr Gupta said.
Patent offices in the United States, Germany and Japan also use the TKDL and Mr Gupta hopes Canada, South Africa and Australia will gain access soon.
But ultimately the library is just an interim measure.
What developing countries like India really want is an international law that prevents bio- and cultural piracy and generates income for holders of traditional knowledge.
After years of lobbying, members of WIPO, the UN agency for intellectual property rights, finally began talks on such a law last year, but it is unclear whether members can agree given the disparate interests of developing and developed nations.
Many developed countries dispute the need for a such a law, saying the threat has been overstated, while the pharmaceutical industry says it would discourage companies from looking for new cures from medicinal plants.
So, until Mr Gupta gets the law he dreams of, he will carry on expanding the TDKL.
In September, he plans to add details in five languages of 900 yoga poses selected from 20 seminal texts - including some more than 2,000 years old.
Entries for the most popular 250 will include video clips to be filmed in the Himalayas this month.
His team will then continue scouring old texts for descriptions of less common yoga poses to prevent any claims that a new form of the ancient art has been invented.
"Patents, you must understand, are the engine of an economy: whether a country becomes rich or doesn't become rich is primarily down to its technology," he said.
"When you buy a technology from the West it is the choice of the West to give you that technology or not and they will not give you it for free," he added.
"We say these knowledge systems also earn us some rights because they have been preserved by this country and if others want to use them, they should pay for it."
@Email:hgardner@thenational.ae
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More from Armen Sarkissian
AndhaDhun
Director: Sriram Raghavan
Producer: Matchbox Pictures, Viacom18
Cast: Ayushmann Khurrana, Tabu, Radhika Apte, Anil Dhawan
Rating: 3.5/5
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.”
The specs: 2019 Jeep Wrangler
Price, base: Dh132,000
Engine: 3.6-litre V6
Gearbox: Eight-speed automatic
Power: 285hp @ 6,400rpm
Torque: 347Nm @ 4,100rpm
Fuel economy, combined: 9.6L to 10.3L / 100km
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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THE%20SPECS
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Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 247hp at 6,500rpm
Torque: 370Nm from 1,500-3,500rpm
Transmission: 10-speed auto
Fuel consumption: 7.8L/100km
Price: from Dh94,900
On sale: now
COMPANY%20PROFILE
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How to report a beggar
Abu Dhabi – Call 999 or 8002626 (Aman Service)
Dubai – Call 800243
Sharjah – Call 065632222
Ras Al Khaimah - Call 072053372
Ajman – Call 067401616
Umm Al Quwain – Call 999
Fujairah - Call 092051100 or 092224411
Three ways to get a gratitude glow
By committing to at least one of these daily, you can bring more gratitude into your life, says Ong.
- During your morning skincare routine, name five things you are thankful for about yourself.
- As you finish your skincare routine, look yourself in the eye and speak an affirmation, such as: “I am grateful for every part of me, including my ability to take care of my skin.”
- In the evening, take some deep breaths, notice how your skin feels, and listen for what your skin is grateful for.
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