NEW DELHI // In the waiting room of a private medical practice in an upmarket area of New Delhi, businessmen in suits sit next to housemaids clutching babies, while an occasional foreigner leafs through an old newspaper.
It is rare to see such a motley crew in the same place. But then there is little about Dr Gita Prakash's medical practice that is usual.
"The people I see are from all walks of life," said Dr Prakash, eyeing her waiting room for any straggling patients.
"We have so many people and the hospitals simply don't have enough space, especially the government hospitals."
To counter the overcrowded and underfunded Indian medical sector, Dr Prakash, 54, has quietly been playing her own part for the past 25 years.
While working at New Delhi's exclusive Max Hospital during the day, by night she runs a clinic in Defence Colony, a high-end neighbourhood in southern Delhi for expatriates and wealthier Indians.
"I like coming here because [Dr Prakash] pays attention to me," said Geeta Khes, a 25-year-old maid who has just had her second child. "I bring my baby here because we trust what she says.
"There are too many people [in public hospitals] so they can't give care to everyone. It is much better in private hospitals but this is not affordable."
Dr Prakash's prices reflect her ethos. Those who can afford her highest rate, still a fraction of what most private clinics ask, pay 200 rupees (Dh15), while their servants pay only 30 rupees.
"I run this clinic mainly for the poorer people around here," she said. "The servants, the cooks, the gardeners, the security guards. They can't afford to go anywhere else, which is why I'm doing my little bit.
"Those who can't afford to get into a private hospital do have a raw deal."
For several decades, India has been victim to the success of its own physicians and nurses. It is the largest provider of émigrés in the medical field worldwide, with the US, Britain, Canada, Australia and the Gulf employing nearly 100,000 Indian doctors to fulfil their own needs for qualified medical staff, more than 10 per cent of the country's medical talent. The drain has had the obvious effect: a 2006 report released by the Planning Commission highlighted just how grim the situation is. According to its findings, there is only one doctor for every 10,000 Indians, compared with the 548 doctors in the US and 249 in Australia. There is a shortage of 600,000 doctors and one million nurses, the Planning Commission recently announced.
Most doctors are attracted overseas by higher wages, better medical equipment, higher health standards and a better standard of living.
But this is all changing.
Tougher immigration laws in the European Union and the US, as well as declining job security and India's own economic boom have seen many Indian doctors head for home. With them, they are bringing knowledge, experience and standards of practice previously unattainable in the country.
"The qualification levels and budget levels are improving fast here in India and they have improved a lot," said Dr YK Gupta, the chief spokesman for the All India Institute of Medical Sciences (AIIMS), widely considered the county's best medical college and public hospital.
"The trend that saw [Indian] doctors going to the US and UK for quality training has reversed. They are now coming back to work here."
But while talented Indian doctors may be returning home with a trove of modern know-how, they inevitably move straight into the private sector, leaving the public health system as badly off as ever.
At the crowded waiting room facilities in the AIIMS public hospital in New Delhi, people can spend months sleeping on the floor waiting for vital surgery that may come too late.
Asha Devi, a 32-year-old mother from Jammu, in the Himalayan state of Kashmir, is one face in the teeming block of lingering individuals. She has made the arduous journey to New Delhi by train to secure her son's vital heart surgery. "This is the best hospital in India," she said from the chipped plastic chair of the waiting room, where she spends her days and nights in wait.
"People come here because you cannot get [necessary health care] in smaller areas of India.
"For me, I have been waiting only two weeks, but some people have been here for many months."
Operations such as the one Ms Devi hopes her son will get are heavily subsidised by the government, but the process to get clearance, and then secure a date of operation are drawn out and weighted down by bureaucratic hoop-jumping. The process often takes months or, in some cases, years. While India's private health industry advances each year through an increasingly competitive service market, the public sector wallows in dated equipment, shabby facilities and depleted staff levels.
While there were no private hospitals in India only 25 years ago, today every major city has several. Catering to a wealthier Indian clientele, as well as the increasing number of foreign patients, these private hospitals are absorbing most of the newly returned Indian doctors.
Apollo Hospital Group, Asia's largest health care provider and the world's third largest, could not be more different to AIIMS. The 43 hospitals under the Apollo title across India boast internationally trained doctors and newline equipment that public hospitals could never hope to afford.
In the modern, spacious foyer of the Apollo hospital in New Delhi, people too are waiting. Despite the comparatively high costs, the hospital is running at 110 per cent capacity. "I've got patients that are waiting to get in to have surgery, but we don't have the beds," said Dr Arun Prasad, senior consultant surgeon and academic co-ordinator.
"We could have another Apollo hospital like this right next door and it would be full."
The wait, however, is a couple of days or a week at most, a lot shorter than at public hospitals.
After spending close to 10 years at a prestigious British medical facility, Dr Prasad is one such Indian doctor who made the choice to return home, and in 1996 started work at the Apollo hospital in New Delhi.
"I was quite happy either here or there," he said. "Now that you have infrastructure of equal standard [in India], then it tips the balance towards coming back. Being in the capital city, the living standards are also now comparable.
"Culturally, it is always more comfortable being in the place where you've grown up."
But with private hospitals in major cities competing for medical staff and offering excellent salaries and benefits, the public system, especially in the rural areas is suffering.
In the national capital, the strain on public hospitals is palpable; in rural areas, it goes unnoticed. Hundreds of millions of people rely on regional, non-urban hospitals where medical staff are few and available beds a rarity.
According to the latest World Health Organisation report, nearly 136,000 women die each year because of complications while giving birth and nearly 2.3 million children under age five die annually.
Most of the deaths, the WHO says, can be prevented by simple health care measures.
"What WHO is primarily concerned with is the poor and vulnerable, and there is still room there to improve this participation and the rights for these people [in India]," said Dr Ilsa Nelwan, regional adviser for health systems at WHO South Asia. India also needs to boost its spending on public health, she said. The current figure lies at just over five per cent, one-third of what the US spends.
* The National
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
Company%20profile
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Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
COMPANY%20PROFILE
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THE BIO
Favourite book: ‘Purpose Driven Life’ by Rick Warren
Favourite travel destination: Switzerland
Hobbies: Travelling and following motivational speeches and speakers
Favourite place in UAE: Dubai Museum
Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards
COMPANY%20PROFILE
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How to join and use Abu Dhabi’s public libraries
• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.
• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.
• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.
• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.
• For more information visit the library network's website.
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MATCH INFO
Uefa Champions League semi-final, first leg
Tottenham 0-1 Ajax, Tuesday
Second leg
Ajax v Tottenham, Wednesday, May 8, 11pm
Game is on BeIN Sports
How to turn your property into a holiday home
- Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
- Research equivalent Airbnb homes in your location to ensure competitiveness.
- Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
- Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
- Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
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.”
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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How to get there
Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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
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Abu Dhabi GP schedule
Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm
The specs: Aston Martin DB11 V8 vs Ferrari GTC4Lusso T
Price, base: Dh840,000; Dh120,000
Engine: 4.0L V8 twin-turbo; 3.9L V8 turbo
Transmission: Eight-speed automatic; seven-speed automatic
Power: 509hp @ 6,000rpm; 601hp @ 7,500rpm
Torque: 695Nm @ 2,000rpm; 760Nm @ 3,000rpm
Fuel economy, combined: 9.9L / 100km; 11.6L / 100km
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km