Every year, Rajesh Negi hired a dozen temporary workers to handle the throngs of customers that come to his shop to buy kitchenware on the eve of Diwali – a major Hindu festival.
But this year’s festivities are dampened by the Covid-19 pandemic and so too is business.
“I can actually count the number of customers on my fingertips,” said Mr Negi, who runs a multi-floor family shop in a densely populated area of south Delhi.
“There is hardly 15 to 25 per cent sales [compared with previous years]. Coronavirus has ruined everything,” he said.
Diwali – the five-day festival of lights that started Saturday – is the most important holiday in the country and is celebrated with elaborate feasts, huge parties, firecracker displays and countrywide mass shopping spree.
There is no plan for celebrations or to socialise
But the mood this year is subdued because of anxiety surrounding the raging pandemic that has infected nearly 8.8 million people and claimed 1,29,000 lives in India.
Mr Negi not only rues the financial losses, but also the cultural and social havoc it has caused on festivities.
“There is no plan for celebrations or to socialise. Normally, this was the time to reconnect with friends and relatives, but no one wants to take a risk,” he said.
India imposed the world’s biggest months-long lockdown at the beginning of the pandemic in March before gradually relaxing all restrictions on gatherings and public movement but still advised social distancing and the use of masks.
But that has not lured many people to the streets to mark the festival that is associated with wealth and prosperity.
Most markets in cities across the country were forlorn, seeing half the usual footfall that would mark the festival season.
Diwali has traditionally been a boom time for business and the economy as millions splurge on cars, gold jewellery, home appliances and clothes. But the economic distress caused by the pandemic has changed these age-old shopping traditions.
Gold sales that top around the festival season were down by 30 to 35 per cent, including on the Dhanteras Day, an auspicious day for Hindus to buy metals products before Diwali, the All India Gem and Jewellery Domestic Council reported.
Even car sales in October were down by 8.8 per cent and motorbikes by 26.8 per cent from a year ago, one of the biggest indicators of consumer liquidity, the Federation of Automobile Dealers Association said.
India’s Gross Domestic Product contracted almost 24 per cent in the first quarter of 2020 following the strict lockdown that shattered its economy and caused job losses.
Coronavirus around the world – in pictures
The Central Bank this week predicted that the economy will further shrink 8.6 per cent in the second quarter, pushing the country into a “technical recession”.
Prime Minister Narendra Modi’s government has announced stimulus packages worth billions of dollars in a bid to rescue the faltering economy.
But many continue to suffer financial distress.
Robin Gupta lost his three-year-old managerial job in June after a Delhi-based marketing firm suddenly closed its business, leaving the 37-year-old to survive on fast depleting savings.
“I used to spend around 100,000 rupees ($1,350) on buying clothes, gifts and products around the festival time,” Mr Gupta told The National.
“But because of the uncertainty, I just spent like 10 per cent,” he said. “The pandemic has dealt a double whammy … There is no economic certainty and then there is always the fear of contracting the disease.”
In New Delhi, that has witnessed a sharp spike in the number of cases before the festive season, authorities were using megaphones in public places to urge people to use masks and maintain social distance.
The city government has warned a further spike as it struggles with the third wave of infections. This week alone there has been more than 500 deaths and nearly 50,000 cases.
For Mukul Arora, 36, a new father, this year’s Diwali has been isolated.
Six members of his family, including his elderly parents and two nieces, have contracted the infection.
"Diwali was the time when the entire family would meet and celebrate together, but this year I have decided to stay at home because I have a one-year-old son and I cannot take any risk,” Mr Arora told The National.
Every year, Delhi sees a spike in air pollution with millions of highly polluting firecrackers traditionally set off to mark the festival. It produces thousands of tons of toxic gas.
Doctors have warned that additional air pollution from firecrackers could lead to an increase in the number of Covid-19 cases, particularly because it could expose vulnerable people with underlying health conditions to the dust that could act as a carrier for coronavirus.
India’s environmental court last week stepped-in and imposed a ban on firecrackers in Delhi and adjoining areas, stating that they cannot be used to “celebrate deaths and diseases".
Several other states have followed the suit and banned firecrackers or restricted their use.
Despite a ban, people violated the order by bursting firecrackers. In capital Delhi and adjoining areas, the air quality plunged to hazardous category. In some places, the AQI touched 999 marked – the maximum levels.
But many see the ban as another dampener in the already sombre festival.
"Firecrackers have been a hallmark for Diwali for me since childhood but because of the looming threat of the pandemic, even that has affected this year's celebration," Mr Arora added.
Meydan card
6.30pm: Al Maktoum Challenge Round-1 (PA) Group 1 US$65,000 (Dirt) 1,600m
7.05pm: Conditions (TB) $100,000 (Turf) 1,400m
7.40pm: UAE 2000 Guineas Trial (TB) $100,000 (D) 1,600m
8.15pm: Handicap (TB) $175,000 (T) 1,200m
8.50pm: Al Maktoum Challenge Round-1 (TB) Group 2 $350,000 (D) 1,600m
9.25pm: Handicap (TB) $175,000 (D) 1,900m
10pm: Handicap (TB) $135,000 (T) 1,600m
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
UEFA CHAMPIONS LEAGUE FIXTURES
All kick-off times 10.45pm UAE ( 4 GMT) unless stated
Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid
Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
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Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The bio
His favourite book - 1984 by George Orwell
His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard
Favourite place to travel to - Peloponnese, Southern Greece
Favourite movie - The Last Emperor
Favourite personality from history - Alexander the Great
Role Model - My father, Yiannis Davos
The specs
Engine: 3.5-litre twin-turbo V6
Power: 380hp at 5,800rpm
Torque: 530Nm at 1,300-4,500rpm
Transmission: Eight-speed auto
Price: From Dh299,000 ($81,415)
On sale: Now
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates