WULAR LAKE, India // Tucked within Kashmir’s Himalayan foothills sits a freshwater lake that was once among Asia’s largest. Long an inspiration to poets, beloved by kings, Wular Lake has been reduced in places to a fetid and stinking swamp.
Just the sight of it makes Mohammed Subhan Dar feel sick. He admits he is partly responsible.
Mr Dar was among dozens of villagers employed in the 1950s by the regional government to plant millions of water-sucking willows in the crystalline lake. The goal had been to create vast plantations for growing firewood and timber for construction and cricket bats. The result was the accidental near-destruction of the lake, as trees drank from its waters and their tangled roots captured soil, building up land.
The lake, now less than half of its former capacity, no longer churns and heaves with high waves, but meanders across mossy swamps and trash-strewn backwaters. Children long ago stopped playing in the water. Families no longer use it to cook.
“It used to be so beautiful, so clear you could see the bottom,” said Mr Dar, whose family has lived lakeside for seven generations. Needing a job, he alone planted at least a hectare of what is now a full-blown willow forest. “I feel ashamed every day.”
As Wular lost its appeal, its value declined. Poverty rates in the 31 surrounding villages shot up to around 50 per cent – five times the state average.
Kashmir and New Delhi officials now want to repair some of the damage by felling millions of trees and dredging parts of the lake. But restoring an enormous alpine lake is no simple thing, especially with climate change threatening the Himalayan glaciers that feed Wular’s waters, and deforestation still unleashing soil to again clog it up.
Restoring a lake in Indian-controlled Kashmir, where a decades-long violent conflict often supersedes all other government plans, may be near impossible.
Wular’s surface lies flat, lifeless and in some spots stagnant, teeming with mosquitoes. The water trickles in from the Jhelum River, and meanders some 16 kilometres before emptying through a dam on its way toward Pakistan.
The name Wular itself means “stormy” in the Kashmiri language, and once described the lake’s strong winds and choppy waters. For centuries, it was considered a paradise by writers, nobles and travellers who camped along its banks.
Mohammed Azim Tuman remembers a boyhood spent steering his houseboat by moonlight over towering waves.
“My heart would be racing as I clung to the railing to keep from falling into the water,” said Tuman, the elderly proprietor of a tourism business. “When a storm hit, the water would splash so high I thought, ‘My god, the boat will be swallowed whole.”’
The surface and surrounding marshlands have shrunk from 216 square kilometres in 1911 to just 104 sq km in 2008.
Along the fringes, impoverished communities tend rice paddies and in autumn harvest wild water chestnuts from the lake shallows.
The ornately carved wooden houseboats that once surfed Wular’s waves are gone.
“It’s typical throughout India, not just in Kashmir. The critical balance between ecology and economy that is missed,” said Anzar A. Khuroo, assistant professor of biodiversity at the University of Kashmir in Srinagar.
Since 1990, the planet has lost 75 per cent of its wetlands as communities drained the water and built on the land. That often comes with economic losses, because wetlands provide services including water filtration, flood control and wildlife support.
In 2008, Wetlands International came out with an US$82 million (Dh300m) plan to restore Wular’s ecology, estimating the costs could recouped within 12 years from timber profits, improved fish stocks and an expected 40 per cent boom in eco-tourism.
The Indian government was intrigued. Some experts suggested it could be done more cheaply.
In 2011, India’s parliament approved a $26m budget. Officials began talking about water sports, five-star hotels and riverside parks.
If only it had been so easy. A host of players needed to get on board: individuals, villages and several state government bodies including forestry, farming, fisheries, pollution control and the army.
It took years just for them to agree on the lake’s boundaries. The project was again re-evaluated. The budget dropped to $2m.
By the time the first willows were chopped down, it was 2015. Only half the budget was allocated, and those in charge knew it was not enough.
Still, they chopped and dredged. They removed about a million cubic meters of silt — or 200,000 truckloads — before federal funding expired.
Whether the project can survive now is debatable. Any further work will need a new proposal, environmental assessment and much more money. The programme’s manager Rashid Naqash estimates it’ll cost about $280m.
Yet the willows are not the only problem. Lake-clogging soil and silts are being loosed from newly deforested lands far upstream, and scientists also warn that climate change is upsetting Himalayan rainfall patterns.
“I don’t think the government has an understanding of how difficult this work would be,” said Himalayan geologist and glaciologist Shakil Romshoo.
*Associated Press
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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SUE%20GRAY'S%20FINDINGS
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Mohammed bin Zayed Majlis
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Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
If you go
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.
FIGHT CARD
Sara El Bakkali v Anisha Kadka (Lightweight, female)
Mohammed Adil Al Debi v Moaz Abdelgawad (Bantamweight)
Amir Boureslan v Mahmoud Zanouny (Welterweight)
Abrorbek Madaminbekov v Mohammed Al Katheeri (Featherweight)
Ibrahem Bilal v Emad Arafa (Super featherweight)
Ahmed Abdolaziz v Imad Essassi (Middleweight)
Milena Martinou v Ilham Bourakkadi (Bantamweight, female)
Noureddine El Agouti v Mohamed Mardi (Welterweight)
Nabil Ouach v Ymad Atrous (Middleweight)
Nouredin Samir v Zainalabid Dadachev (Lightweight)
Marlon Ribeiro v Mehdi Oubahammou (Welterweight)
Brad Stanton v Mohamed El Boukhari (Super welterweight
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
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Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
hall of shame
SUNDERLAND 2002-03
No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.
SUNDERLAND 2005-06
Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.
HUDDERSFIELD 2018-19
Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.
ASTON VILLA 2015-16
Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.
FULHAM 2018-19
Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.
LA LIGA: Sporting Gijon, 13 points in 1997-98.
BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
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