Over the past two weeks, Rahul Gandhi, the vice-president of India’s flailing opposition Congress party, toured the United States, laying out his vision for his country and criticising prime minister Narendra Modi’s governance.
In San Francisco, Los Angeles, Washington, DC, Princeton and New York, Mr Gandhi hammered his messages home: that Mr Modi’s Hindu nationalist politics are staining a tolerant Indian society, that his policies are failing to create jobs and that his demonetisation drive last year, designed to unearth untaxed stashes of currency, proved futile.
Mr Gandhi spoke to students at the universities of Berkeley and Princeton; to newsrooms and think tanks in Washington — though off the record; to Republican Party leaders; and to the Indian National Overseas Congress, his party’s chapter abroad.
This US tour was a prologue to an organisational shake-up in Congress. In October or November, Mr Gandhi, 47, will be elevated to the post of party president. He will replace his mother, Sonia Gandhi, who has occupied the presidency for 19 years.
Mr Gandhi himself has refused to confirm his elevation to reporters, saying an internal party election will first have to take place. But Congress has always been a party of the Gandhi family, so the election is widely expected to be a mere formality.
One Congress party member, asking not to be named, told The National Mr Gandhi is already preparing for his new role. Other media reports, citing anonymous sources, have also relayed his imminent promotion.
“He should immediately take over as Congress president,” M Veerappa Moily, a party leader, told journalists on September 15. “That’s good for the party and good for the country.”
Mr Gandhi will become the president of Congress at a vital juncture. Decimated three years ago by Mr Modi's Bharatiya Janata Party (BJP) in the general election, the party has seen its influence and popularity shrink.
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Since 2014, it has suffered in state elections, winning only in Punjab earlier this year. Congress now rules just five Indian states while the BJP and its partners are in power in 18 out of 30.
Meanwhile, Congress holds only 45 of the 543 seats in the Lok Sabha, the lower house of parliament, compared to the BJP's 280.
State elections are coming up in November and December in Himachal Pradesh and Gujarat, Mr Modi’s home state. By the time they are concluded, the Congress will have a year and a half to prepare to challenge Mr Modi’s prime ministership in 2019.
In the US, Mr Gandhi laid down the preliminary planks of an opposition platform.
Mr Modi promised a surging economy but is struggling to create jobs, Mr Gandhi said. Thirty-thousand young Indians come into the workforce daily but there are jobs for only 450 of them, he added — a statistic he repeated at every event.
Where the prime minister had succeeded, Mr Gandhi said at Berkeley on September 12, was in pushing his politics of polarisation. He referred to the lynchings of Muslims and lower-caste Dalits over suspicions of beef consumption or cattle slaughter — anathema to the Hindu right, which deems the cow too sacred to kill.
“Hatred, anger and violence can destroy us,” he said. “The idea of non-violence is under attack today.”
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Read more:
Indian PM finally speaks up about attacks by cow vigilantes
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'Cow protectors' pose electoral threat for Modi and his party
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Mr Gandhi admitted that his party had lost its way. “Around 2012, arrogance crept into the Congress party, and we stopped having conversations with people,” he said. But he expressed confidence he could revive it, saying he sought the support of Indians living in America.
Sanjay Kadaveru, the founder of Action for India, a non-profit that works with social innovators, attended Mr Gandhi’s talks in both Berkeley and New York.
"I'm pretty non-partisan and it isn't like I've been a big fan in the past," he told The National. "He seemed very sincere here and he had these ideas about jobs and intolerance that really resonated."
“He spoke extempore in New York,” Mr Kadaveru added. “It was powerful. He was definitely connecting with people.”
But Mr Gandhi’s successful speeches to audiences in the US have little correlation with his ability to formulate a winning plan at home, said Milan Vaishnav, the director of the South Asia programme at Washington, DC’s Carnegie Endowment for International Peace.
Mr Gandhi is still unable to communicate a clear vision for India, Mr Vaishnav told The National. "First, the high command culture of the party means that internal democracy is limited. There is only limited scope for a free and open debate over ideas."
Mr Modi has also saturated the political space, making it difficult to counter him.
“And there has been limited investment by the party in developing new, progressive ideas for the future,” Mr Vaishnav said.
“The focus, to date, has been on what the Congress has done for India in the past. That is not the aspirational vision young Indians are looking for.”
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
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How to donate
Send “thenational” to the following numbers or call the hotline on: 0502955999
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The five pillars of Islam
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The specs
Engine: 3.6 V6
Transmission: 8-speed auto
Power: 295bhp
Torque: 353Nm
Price: Dh155,000
On sale: now
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Four reasons global stock markets are falling right now
There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:
1. Rising US interest rates
The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.
Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”
At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.
2. Stronger dollar
High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.”
3. Global trade war
Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”
4. Eurozone uncertainty
Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.
Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”
The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”