Indian village under curfew after funeral of 'divine' horse


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Indian authorities introduced a curfew and rushed to test residents of a rural village after hundreds gathered for the funeral of a horse said to have divine powers, sparking fears of a coronavirus outbreak.

More than 400 mostly mask-less men, women and children gathered in the village of Maradimath in the southern state of Karnataka on Sunday, to pay their respects to the horse, which they believed had been protecting them from the pandemic.

Karnataka is among the states that have been hit hardest by Covid-19. It is under a weeks-long lockdown to curb high infection rates, with more than 1.5 million Covid-19 cases reported in the state since a severe second wave of the virus hit the country in late March.

But the residents of Maradimath defied the lockdown and marched for hours across the village, beating drums and chanting as they carried the dead horse on a cart.

The horse’s body was covered in flowers and colourful pigments were splashed across its body as women wailed and men queued up to pay tribute before it was laid to rest at a temple.

As news of the gathering spread, health authorities sealed the village and embarked on a testing drive using rapid antigen tests, fearing a rise in Covid-19 infections.

“We are conducting tests on the villagers every day. It is a matter of our concern,” said MG Hiremath, the district’s top civil officer.

"Twenty-five people were tested yesterday but no one has tested positive so far," he told The National.

“In rural areas people have such beliefs. They worshiped the horse that belonged to a local monastery and believed the horse was protecting them from Covid-19."

Police said they have charged the gathering for violating the lockdown that remains in place in the state but no arrests have been made.

Superstitions and misinformation around coronavirus abound among many Indians, particularly in rural areas, with many setting up temples for the virus or even changing the spelling of coronavirus and Covid-29 in the belief it will help bring the pandemic to an end.

Villagers, mostly illiterate, rely on suggestions from priests and monks, as well as unscientific methods to cure diseases, like hanging shoes at the entrance of the house to scare away the disease or smearing cow dung on their bodies to kill the virus.

The horse was brought to the village on the recommendation of a local monk and left to wander around with the belief that the animal would keep the deadly virus at bay.

However, two weeks after it arrived, the horse died. Believing this was a bad omen, the locals organised a grand farewell.

"It was a sudden gathering. People had learnt about the death of the horse and gathered for its funeral. We have booked a case against unknown organisers and sealed the entire village," Nagaraj Khilare, inspector at local station, told The National.

Karnataka recorded nearly 26,000 fresh cases and 700 deaths on Sunday as India crossed 300,000 deaths, making it the third-worst affected country after the US and Brazil.

Although some cities have reported falling cases, infection rates remain high in rural areas where healthcare infrastructure remains scarce.

India has reported nearly 27 million cases since the outbreak began last year, almost half of them during the second wave that began in March.

Many have blamed massive political and religious gatherings for the spike that saw millions of people come together from around the country.

Several states have imposed curfews and restrictions on the gatherings and public movement to control the spread of the infection but violations remain widespread.

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.”

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Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

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Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

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What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

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 Sector: Financial services

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 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
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Gearbox Nine-speed automatic 

Power 184bhp at 6,400rpm

Torque 237Nm at 3,900rpm

Fuel economy, combined 9.4L/100km

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