India’s second Covid-19 wave is devastating, with more than new 200,000 coronavirus cases recorded each day. Reuters
India’s second Covid-19 wave is devastating, with more than new 200,000 coronavirus cases recorded each day. Reuters
India’s second Covid-19 wave is devastating, with more than new 200,000 coronavirus cases recorded each day. Reuters
India’s second Covid-19 wave is devastating, with more than new 200,000 coronavirus cases recorded each day. Reuters

India caught off guard by Britain’s 'surprise' travel ban decision


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India was surprised by the UK’s decision to impose a travel ban on the country despite surging infections and scientific concern over a new variant of the virus.

Britain on Monday added the subcontinent to its red list of travel ban countries after confirmed cases of the Indian variant in the UK rose to 103.

Health Secretary Matt Hancock said the “difficult but vital decision” would take effect from 4am London time on Friday.

Returning British citizens will have to pay to quarantine for 10 days in a government-approved hotel, while others will be refused entry.

The move came hours after Prime Minister Boris Johnson cancelled his planned trip to India next week, where he had hoped to boost ties between the nations as part of his post-Brexit trade vision.

Nalin Kohli, spokesman for Indian Prime Minister Narendra Modi’s Bharatiya Janata Party, said the travel ban came as a surprise, given the “lack of data” to suggest the Indian variant was more dangerous than previous strains.

"The UK is in its sovereign rights to do as it sees fit, but it will cause a lot of inconvenience to people who are travelling," he told the BBC Radio 4 Today programme on Tuesday.

“It came as a surprise news item so I don’t know if there's an explanation because there’s nothing in the public space.”

An estimated 900 people arrive in the UK each day from India, with five flights landing on Monday.

There is likely to be a rush of travellers booking flights to Britain before hotel quarantine measures take effect.

According to Skyscanner, there are no direct flights available between New Delhi and London Heathrow Airport on Tuesday or Wednesday.

Prof Sir Mark Walport, former chief scientific adviser for England, said the decision to place India on the red list was taken too late.

"These decisions are almost inevitably taken a bit too late in truth, but what's absolutely clear is that this variant is more transmissible in India," he said.

:You can see that it's becoming the dominant variant and the other concern about it is that it has a second change in the spike protein which may mean that it's able to be a bit more effective at escaping an immune response, either a natural one or vaccine-induced one, so there's good reasons for wanting to keep it out of the country if at all possible."

Education Secretary Gavin Williamson defended the government’s decision to wait until the end of the week for the changes to take effect, and said it was “standard practice to give a short window”.

“The government continuously reviews the data … sadly India is one of those countries that have to be added,” he told Sky News. “We have to remain vigilant against new variants – that’s why we have to place India on the red list.”

India is recording more than 200,000 new cases per day, and the health system is said to be crumbling under the weight of new infections, with Covid-19 patients housed in sleeper trains converted into clinics.

Britain’s main opposition Labour party said the government should have acted sooner.

“It’s not good enough to try and shut the door after the horse has bolted, by adding countries on to a red list when it is too late,” Shadow Home Secretary Nick Thomas-Symonds said.

Mr Johnson's scaled-down trip to India was due to take place next week but the tour has been scrapped.

"In the light of the current coronavirus situation, prime minister Boris Johnson will not be able to travel to India next week," a joint statement from the British and Indian government said.

"Instead, prime ministers [Narendra] Modi and Johnson will speak later this month to agree and launch their ambitious plans for the future partnership between the UK and India.

"They will remain in regular contact beyond this, and look forward to meeting in person later this year."

India's devastating Covid-19 wave - in pictures

  • A woman takes care of her husband who has Covid-19 as they wait outside the casualty ward at Guru Teg Bahadur Hospital, in New Delhi, India. Reuters
    A woman takes care of her husband who has Covid-19 as they wait outside the casualty ward at Guru Teg Bahadur Hospital, in New Delhi, India. Reuters
  • Family members mourn after a man is declared dead amid a surge in coronavirus cases in India. Reuters
    Family members mourn after a man is declared dead amid a surge in coronavirus cases in India. Reuters
  • A patient with breathing problems is seen inside a car while waiting to enter a hospital for treatment, amid the spread of the coronavirus in Ahmedabad, India. Reuters
    A patient with breathing problems is seen inside a car while waiting to enter a hospital for treatment, amid the spread of the coronavirus in Ahmedabad, India. Reuters
  • India’s second Covid-19 wave is devastating, with more than new 200,000 coronavirus cases recorded each day. Reuters
    India’s second Covid-19 wave is devastating, with more than new 200,000 coronavirus cases recorded each day. Reuters
  • Dr Rajesh Bhagchandani, centre, a director at Apex hospital in Bhopal city, intubates a patient. He feels helpless that the hospital, which is now reserved for critically ill Covid-19 patients, cannot accommodate more people who require oxygen. Dr Rajesh Bhagchandani
    Dr Rajesh Bhagchandani, centre, a director at Apex hospital in Bhopal city, intubates a patient. He feels helpless that the hospital, which is now reserved for critically ill Covid-19 patients, cannot accommodate more people who require oxygen. Dr Rajesh Bhagchandani
  • Dr Himanshu Dewan, director of critical care at QRG hospital in Faridabad, a town near India’s capital New Delhi, says the number of deaths will climb because patients do not have access to treatment. Dr Himanshu Dewan
    Dr Himanshu Dewan, director of critical care at QRG hospital in Faridabad, a town near India’s capital New Delhi, says the number of deaths will climb because patients do not have access to treatment. Dr Himanshu Dewan
  • A health worker arranges oxygen cylinders that are being used for Covid-19 coronavirus patients at a private hospital in Allahabad. AFP
    A health worker arranges oxygen cylinders that are being used for Covid-19 coronavirus patients at a private hospital in Allahabad. AFP
  • Dr Himanshu Dewan, director of critical care at QRG hospital in Faridabad, a town near India’s capital New Delhi, is acutely aware a patient could die on the road if turned by hospitals that cannot admit more Covid-19 cases . Courtesy: Dr Himanshu Dewan
    Dr Himanshu Dewan, director of critical care at QRG hospital in Faridabad, a town near India’s capital New Delhi, is acutely aware a patient could die on the road if turned by hospitals that cannot admit more Covid-19 cases . Courtesy: Dr Himanshu Dewan
  • A man carries an empty oxygen cylinder to get it refilled at a private refilling station, for his relative who is suffering from the coronavirus disease, in New Delhi. Reuters
    A man carries an empty oxygen cylinder to get it refilled at a private refilling station, for his relative who is suffering from the coronavirus disease, in New Delhi. Reuters
  • Patients with breathing problems are seen inside an ambulance waiting to enter a Covid-19 hospital for treatment in Ahmedabad. Reuters
    Patients with breathing problems are seen inside an ambulance waiting to enter a Covid-19 hospital for treatment in Ahmedabad. Reuters
  • A health worker collects a nasal swab sample from a woman in Amritsar. AFP
    A health worker collects a nasal swab sample from a woman in Amritsar. AFP
  • An Indian police officer distributes face masks in Hyderabad. AP Photo
    An Indian police officer distributes face masks in Hyderabad. AP Photo
  • A health worker administers the Covidshield vaccine at a government hospital in Hyderabad. AP Photo
    A health worker administers the Covidshield vaccine at a government hospital in Hyderabad. AP Photo
  • People wearing masks wait to test for Covid-19 at a hospital in Hyderabad. AP Photo
    People wearing masks wait to test for Covid-19 at a hospital in Hyderabad. AP Photo
  • A health worker takes a mouth swab sample at a hospital in Hyderabad. AP Photo
    A health worker takes a mouth swab sample at a hospital in Hyderabad. AP Photo
  • Nuns wait to take a test for Covid-19 at a test center in Kolkata, Eastern India. EPA
    Nuns wait to take a test for Covid-19 at a test center in Kolkata, Eastern India. EPA

The Delhi region announced a week-long lockdown on Monday. Fewer than 100 critical care beds were available in the city of New Delhi, with a population of more than 20 million people, Chief Minister Arvind Kejriwal said.

UK health authorities said the Indian strain was a “variant under investigation” but this could progress to a “variant of concern” if it is discovered to spread more easily or undermine vaccines.

Prof Danny Altmann from Imperial College London said that new variants should be treated with caution as vulnerable people could be “caught out” if the strain was able to evade immunity.

“We are still vulnerable, and some people in our population are still vulnerable – what I mean by that is the Indian variant, for example, certainly has a mutation like the ones that evade the best neutralising antibodies,” he said.

“If you have a population where at least half of us have had zero or one dose of vaccine, some won’t have made a very good response to the vaccine, because perhaps they are very old or obese or unwell.

“We still have a very large vulnerable population who can still be caught out by variants like this.”

Mr Johnson's visit to India was regarded as an exciting opportunity to upgrade UK-India relations after a series of false starts.

Walter Ladwig, a political scientist and South Asia expert at King’s College London, said there was an appetite on the Indian side for a transformation of bilateral links.

"We're now seeing very clear signals, very obvious signals from the Modi government that they are interested in upgrading relations with the UK," he told The National.

“They see the UK as being one among many states that can play an important role with respect to India and the Indo-Pacific.”

More on coronavirus: 

The specs

Engine: 2.0-litre four-cylinder turbo

Power: 268hp at 5,600rpm

Torque: 380Nm at 4,800rpm

Transmission: CVT auto

Fuel consumption: 9.5L/100km

On sale: now

Price: from Dh195,000 

Hidden killer

Sepsis arises when the body tries to fight an infection but damages its own tissue and organs in the process.

The World Health Organisation estimates it affects about 30 million people each year and that about six million die.

Of those about three million are newborns and 1.2 are young children.

Patients with septic shock must often have limbs amputated if clots in their limbs prevent blood flow, causing the limbs to die.

Campaigners say the condition is often diagnosed far too late by medical professionals and that many patients wait too long to seek treatment, confusing the symptoms with flu. 

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E640hp%20at%206%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%20from%202%2C300-4%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E11.9L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh749%2C800%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
How to turn your property into a holiday home
  1. Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
  2. Research equivalent Airbnb homes in your location to ensure competitiveness.
  3. 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.
  4. 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.
  5. 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.”

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

Women & Power: A Manifesto

Mary Beard

Profile Books and London Review of Books 

SPECS
%3Cp%3E%0D%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20750hp%20at%207%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20800Nm%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%207%20Speed%20dual-clutch%20auto%0D%0D%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20332kph%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%2012.2L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EYear%20end%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1%2C430%2C000%20(coupe)%3B%20From%20Dh1%2C566%2C000%20(Spider)%3C%2Fp%3E%0A

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Result

Arsenal 4
Monreal (51'), Ramsey (82'), Lacazette 85', 89')

West Ham United 1
Arnautovic (64')

MATCH INFO

Uefa Champioons League semi-final:

First leg: Liverpool 5 Roma 2

Second leg: Wednesday, May 2, Stadio Olimpico, Rome

TV: BeIN Sports, 10.45pm (UAE)

Freezer tips

  • Always make sure food is completely cool before freezing.
  • If you’re cooking in large batches, divide into either family-sized or individual portions to freeze.
  • Ensure the food is well wrapped in foil or cling film. Even better, store in fully sealable, labelled containers or zip-lock freezer bags.
  • The easiest and safest way to defrost items such as the stews and sauces mentioned is to do so in the fridge for several hours or overnight.
The specs: 2018 Maxus T60

Price, base / as tested: Dh48,000

Engine: 2.4-litre four-cylinder

Power: 136hp @ 1,600rpm

Torque: 360Nm @ 1,600 rpm

Transmission: Five-speed manual

Fuel consumption, combined: 9.1L / 100km