New Delhi // At least 27 people were killed when two passenger trains derailed after being hit by flash floods on a bridge in India’s Madhya Pradeh state on Tuesday night.
Rescuers searched through the night for passengers trapped on the trains, which toppled when a swollen river struck the tracks, railway officials said.
Roughly 300 people were rescued after about 10 of the trains’ carriages derailed outside the town of Harda at about 11.30 pm on Tuesday.
A passenger described how water poured into the carriages in the minutes after the accident. “Water filled the coach till here,” the man told a regional TV station, gesturing to his waist.
Another said there was “a sudden jerk and the carriage broke and people were crushed under that”.
Television footage showed carriages lying on their sides in a field of mud and medical supplies piled on a nearby station platform.
“There have been 27 deaths due to the accidents,” said Madhya Pradesh railway police chief M S Gupta.
“All the coaches have been cleared and all bodies have been collected from inside,” he said, adding that the death toll could still rise slightly.
At least another 25 people have been injured and taken to hospital, other rescue officials said, adding that carriages were not feared to have sunk in the river.
The Kamayani Express travelling from the financial city of Mumbai on the west coast appeared to have been hit by a sudden surge of water on the swollen Machak river, derailing the last four to five carriages, said railway ministry spokesman Anil Saxena.
The Janata Express, travelling to Mumbai from the eastern city of Patna, was also hit by the water, with the engine and the first two to three carriages derailing, he said.
“There is some suggestion of flash floods on the tracks that caved the tracks. Most of the coaches had passed but the last few carriages were derailed,” Mr Saxena said of the first train.
Rescuers with specialist cutting equipment and diving suits have been deployed along with doctors to the accident site.
Rescuers were initally working through the night mostly in darkness, with the flood waters hampering their efforts.
“The entire area has been reeling under heavy rainfall for the last few days. The roads are badly damaged, even the access road,” Mr Saxena said.
The heavy flow of water had pushed some of the bodies from the carriages into a nearby field, said Mr Gupta, the railway police chief.
Heavy monsoon rains have hit large areas of the country in recent weeks, flooding rivers and roads and claiming about 180 lives in mainly western and eastern India.
The government has ordered an inquiry into the cause of the accident. Prime minister Narendra Modi expressed his sadness at the loss of life.
“Authorities are doing everything possible on the ground. The situation is being monitored very closely,” Mr Modi said on Twitter.
“Rushing emergency medical and other relief personnel to spot, darkness, water creating hurdles but ordered all possible help. Trying our best,” the railway minister, Suresh Prabhu, tweeted shortly after the accident.
India’s railway network, one of the world’s largest, is still the main form of long-distance travel in the country, but it is poorly funded and deadly accidents are frequent.
In 2012, a government report said almost 15,000 people were killed every year in incidents on the rail network, describing the deaths as an annual “massacre” due mainly to poor safety standards.
An express train ploughed into a packed rickshaw in northern Bihar state last August, killing 20 people, some of them children.
The government has pledged to invest US$137 billion (Dh547.8bn) to modernise its crumbling railways, making them safer, faster and more efficient.
* Agence France-Presse
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New Zealand 15 British & Irish Lions 15
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Founder: Abdulla Almoayed
Based: UAE
Founded: 2017
Number of employees: 35
Sector: FinTech
Raised: $13 million
Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.
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Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors
Where to Find Me by Alba Arikha
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The biog
Marital status: Separated with two young daughters
Education: Master's degree from American Univeristy of Cairo
Favourite book: That Is How They Defeat Despair by Salwa Aladian
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