Workers building the sides of a highway in the backdrop of the Sports City Motor Race Circuit under construction in Greater Noida, India.
Workers building the sides of a highway in the backdrop of the Sports City Motor Race Circuit under construction in Greater Noida, India.

Villagers are the losers after Indian F1 race track deal



NEW DELHI // The farmers of Jaganpur, in the state of Uttar Pradesh, have watched the transformation of their ancestral farmland with increasing trepidation.

The land has been paved over to create the Buddh International Circuit, which will host India's inaugural Formula One Grand Prix on October 30.

Many turned millionaires after selling their farms but as money runs out they are anxious about the future: they sold their livelihoods as well as their lands.

They were promised jobs in a new industrial zone but instead they got a racetrack. The residents of Jaganpur now have no work and little hope for the future.

Three years ago, Gajab Singh Pradhan, 44, the head of the village, sold more than 40 acres to the government when he was told that it would be converted into an industrial area that would provide employment.

"We gave our land with the understanding that we, or our children, would eventually get jobs in whatever was built," Mr Pradhan said. "We had no idea they would build a racing track. We expected a factory."

The track is part of a larger sports complex that will include cricket and hockey stadiums and a golf course. It is expected to employ 10,000 people.

The villagers thought a factory would be built that would provide jobs for at least one member from each family. Village leaders say the 500 people who live there do not have the skills required to work at the sports complex.

Local governments can allocate farm or forest land for what they consider the public good under the country's land acquisition law, which dates back to 1894.

The legislation has come under fire from protesting farmers and activists, who argue that it has been manipulated by companies to buy the land cheap from the government then sell it for easy profits.

These protests have been largely ignored until they turned deadly. In West Bengal in 2007, 14 people died when authorities and protesting farmers clashed as the farmers attempted to halt construction of chemical factories on their land. A year later, in the town of Singur, Tata motors was forced to move factories.

In response to the growing anger of the farmers, the government has proposed an amendment that would increase the compensation for those who lose their livelihoods and land as well as redefine how property is acquired.

Construction of the track was months behind schedule amid continuing protests by the farmers.

However, the man in charge of the Formula One franchise around the world, Bernie Ecclestone, told The Associated Press on Saturday that "we're very happy, they're doing a good job".

The World Motor Sports Council met on Friday and said it received a "positive" briefing from Indian race officials but did not elaborate.

The villagers also are upset about the Taj expressway, which was built to connect the track with urban areas.

It cuts through swathes of farmland and blocks as many as 25 of the area's villages from each other and the outside world.

"We have to drive 10 or 12 kilometres past our village before we can make a U-turn to get home. We are no longer linked to nearby villages like we used to be," said Bhanu Pratap Singh, 27, a former farmer.

Before they sold their land, the farmers were fairly prosperous.

They grew rice and wheat and were able to secure loans to upgrade their machinery, marry off their daughters and buy cattle.

The village head, Mr Pradhan, lived in a house with a thatched roof and rode a bicycle.

After he received more than 12 million rupees (Dh890,000) from the government, he started construction on his dream home, a three-storey house.

It is decorated with ornate busts of the god Shiva on the porticos.

Wrought-iron gates painted red and white enclose an expansive driveway made of granite and marble. Recessed lighting and crown moulding adorn the living room.

Mr Pradhan, ever the practical farmer, has even provided space for his livestock in the house.

But construction has halted. The third floor is yet to be built, the second floor is only partly complete, the two sets of stairs lead only to the open sky.

His two sons, their wives and his parents all live on the ground floor. With money running out quickly, he said, he has had to abandon plans for the third floor.

"Once we got the money, we thought, 'Why not?'," said Mr Pradhan. "Now with the money mostly gone, what do we do? We are not going to leave our ancestral land to look for jobs elsewhere. We are farmers. We have limited skills."

The villagers, having sold the land that sustained generations in Jaganpur and with little hope of employment at the F1 track, re hoping to regain the portion of their land that has yet to be developed.

They have taken the developers to court, demanding, among other things, jobs for at least one person from every family in the village.

They also want to enter partnerships with some of the businesses that are springing up on what was once their land.

A bill before parliament would address some of Mr Pradhan's concerns. It has guidelines for the amount of compensation farmers must receive - at least six times the market value of the land.

It also would give them the right to demand a return of their land - for free - if there is no development on it for more than five years.

The villagers of Jaganpur sold their land before the amendment was proposed and would not benefit from it even it is enacted.

But they have modelled their demands on the content of the bill and hope they will succeed in court.

Jaganpur is only one village where residents regret selling their land.

Tek Ram, from the nearby village of Murshadpur, also sold his land. Mr Ram, 55, quit his job as a labour camp supervisor in Dubai in 2006 after Indian government payments were finalised on the family property.

His family received 300,000 rupees. When he heard the news, he was excited at the prospect of not having to work anymore. He thought his future was secure and was given promises of an apartment in a proposed development on his land.

But there has been no development on the land for eight years and Mr Ram does not have his dream apartment. He is petitioning the government to have his land returned.

The villagers are worried they have made a deal which has irrevocably changed their lives, even if they succeed in regaining part of their land.

"Once the city people move into these buildings, we will be foreigners in our land, reduced to being puppets who once owned all this," said Mr Singh, gesturing at the construction in the distance. "The buildings will house these city folk and they will make fun of us."

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The biog

Favourite colour: Brown

Favourite Movie: Resident Evil

Hobbies: Painting, Cooking, Imitating Voices

Favourite food: Pizza

Trivia: Was the voice of three characters in the Emirati animation, Shaabiyat Al Cartoon

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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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Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

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Transmission: 7-speed dual-clutch auto

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On sale: Q3 or Q4 2022 

Suggested picnic spots

Abu Dhabi
Umm Al Emarat Park
Yas Gateway Park
Delma Park
Al Bateen beach
Saadiyaat beach
The Corniche
Zayed Sports City
 
Dubai
Kite Beach
Zabeel Park
Al Nahda Pond Park
Mushrif Park
Safa Park
Al Mamzar Beach Park
Al Qudrah Lakes 

UAE currency: the story behind the money in your pockets
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Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
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Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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AT4 Ultimate, as tested

Engine: 6.2-litre V8

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Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

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Edited by Sahm Venter
Published by Liveright

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Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
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Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

Five healthy carbs and how to eat them

Brown rice: consume an amount that fits in the palm of your hand

Non-starchy vegetables, such as broccoli: consume raw or at low temperatures, and don’t reheat  

Oatmeal: look out for pure whole oat grains or kernels, which are locally grown and packaged; avoid those that have travelled from afar

Fruit: a medium bowl a day and no more, and never fruit juices

Lentils and lentil pasta: soak these well and cook them at a low temperature; refrain from eating highly processed pasta variants

Courtesy Roma Megchiani, functional nutritionist at Dubai’s 77 Veggie Boutique

Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.