Police patrol a market area amid heightened restrictions to curb the spread of the Covid-19, in Amritsar, Punjab, northern India. AFP
Police patrol a market area amid heightened restrictions to curb the spread of the Covid-19, in Amritsar, Punjab, northern India. AFP
Police patrol a market area amid heightened restrictions to curb the spread of the Covid-19, in Amritsar, Punjab, northern India. AFP
Police patrol a market area amid heightened restrictions to curb the spread of the Covid-19, in Amritsar, Punjab, northern India. AFP

Indian police raid Twitter offices amid row over 'manipulated media'


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Police searched Twitter’s office in India on Monday, following the company’s decision to label multiple tweets from accounts linked to the country’s ruling party as "manipulated media".

Twitter had last week flagged up tweets from Prime Minister Narendra Modi's Bharatiya Janata Party for violating its synthetic and manipulated media policy, a source familiar with the matter confirmed.

This policy forbids users from sharing things that “deceptively promote synthetic or manipulated media that are likely to cause harm.”

The tweets from various BJP-linked accounts alleged that its rival Indian National Congress party had put out a document specifying failures by Mr Modi in his handling of the coronavirus.

India has seen a surge in Covid-19 cases that has overwhelmed its health system. It has recorded more than 300,000 deaths.

Congress complained to Twitter that the document was fake, according to a Reuters report, and the social media company labeled a handful of the tweets promoting it as “manipulated media”.

Among the tweets that were labelled was one from BJP spokesman Sambit Patra, which angered members of the party, who felt Twitter acted inappropriately.

Twitter declined to comment.

It last month removed or restricted access to more than 50 posts at the behest of the Indian government, including tweets that criticised its handling of the coronavirus pandemic.

The company has also previously applied its manipulated media policy to US politicians, including former president Donald Trump.

Twitter permanently suspended more than 500 accounts and blocked access to hundreds of others in India earlier this year during farm protests, acceding to a government order to limit misinformation and inflammatory content.

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.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
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 

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