For more than two weeks, tens of thousands of Indian farmers have camped out on several key motorways leading into the capital, New Delhi, to demand Prime Minister Narendra Modi repeal farming laws they claim will wreck their livelihoods.
What is the new legislation?
Mr Modi’s Bharatiya Janata Party government passed three new pieces of legislation in September, despite strong resistance by opposition groups and demands for negotiations.
One dealt with the sale of produce in the free market, another with contract farming and the last with deregulating government control on food commodities, including cereals, pulses and oil, for storage and sale.
Mr Modi billed the new laws – which were rushed through parliament – as a landmark.
Why are farmers protesting?
Farmers say the laws are an attempt to privatise the agriculture sector, which employs half the country's 1.3 billion population, directly and indirectly.
Those protesting say their main concern is that the government will scrap the minimum support price – a pricing system in state-run markets that offers guaranteed rates – including Punjab’s chief crop of wheat and paddy.
About 75 per cent of Punjab's population relies on agriculture, but most are small landowners, owning an average 1.3 hectare per smallholding.
Over many decades farmers faced economic distress as a result of stagnant crop prices, steep production costs and precarious weather.
About 300,000 farmers died by suicide over the past 30 years. In 2019 alone, at least 10,281 farmers ended their lives, according to government data,
Dwindling incomes and insecurity forced farmers to stage protests before, but the most recent flare-up is the biggest mobilisation yet against Mr Modi's government, which has promised the reforms would double their income by 2022.
How long has this been going on?
The farmers, mainly from northern Punjab state – often called the breadbasket of India with 60 per cent of the country's wheat produce – have been gathered near Delhi’s entry points since November 26.
Carrying mattresses, blankets and food enough for six months on tractors, the protest groups were barred by police, who used teargas and water cannon to stop them from entering the capital.
We will definitely take back something from the government – be it bullets or a peaceful solution
Since then, thousands more have joined them in the tent cities on the motorways, where community kitchens serve food while protesters sing, eat and sleep in tractors and under the open sky in chilling cold.
Is there hope of a resolution?
There have been six rounds of unsuccessful talks between the government and more than a dozen protesting farmer unions.
Late on Tuesday, talks between Home Minister Amit Shah and leaders from the farming community were inconclusive, but the government afterwards presented a written offer to farmers with proposed amendments.
On Wednesday, farmers rejected the government's draft proposal terming it vague and declared a nationwide strike on December 14.
Unions are yet to respond to the proposal amid speculation that some groups in the movement have agreed to the government proposal.
"Our movement will continue and we will definitely take back something from the government – be it bullets or a peaceful solution," said Chanda Singh, a farmer leader who was part of the talks.
Challenges for Modi
Mr Modi’s government is facing one of the biggest farmers’ agitations in the country's history.
On Tuesday, several farmers' organisations, transport and even bank unions observed a nationwide shutdown to show solidarity with the farmers’ cause. They have won support of political parties, including Congress.
With the protests dragging on, experts say the agitation could snowball into a popular movement against the government and dent Mr Modi’s strongman image as the country reels under an economic recession.
"The government is in danger of boxing itself into a corner by being so intransigent on the farmers' protest," Arati Jerath, a political analyst, told The National.
“If they are unable to break this movement then they will have to climb down and accept what the farmers are saying and that will lose moral authority, credibility and a huge dent to Modi's image as a strongman leader,” Ms Jerath said.
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Match info
Uefa Champions League Group H
Manchester United v Young Boys, Tuesday, midnight (UAE)
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
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Drishyam 2
Directed by: Jeethu Joseph
Starring: Mohanlal, Meena, Ansiba, Murali Gopy
Rating: 4 stars
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Killing of Qassem Suleimani
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UAE - India ties
The UAE is India’s third-largest trade partner after the US and China
Annual bilateral trade between India and the UAE has crossed US$ 60 billion
The UAE is the fourth-largest exporter of crude oil for India
Indians comprise the largest community with 3.3 million residents in the UAE
Indian Prime Minister Narendra Modi first visited the UAE in August 2015
His visit on August 23-24 will be the third in four years
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016
Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017
Modi will visit Bahrain on August 24-25
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
How to play the stock market recovery in 2021?
If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.
Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.
Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.
Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).
Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal.
Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.
By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.
As demand for energy fell, the oil and gas industry had a tough year, too.
Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.
He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.”
This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”
Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.
Essentials
The flights
Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours.
The package
Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.