Kagan McLeod for The National
Kagan McLeod for The National

Newsmaker: Arvind Kejriwal



Anyone in politics who chooses to take on the police in their own country could be said to be in for a rough ride – perhaps doubly so in a place such as India, where regional variations in the way those who make the laws and those who are supposed to uphold them interact, often resulting in fractious relations between governments and civil servants. Arvind Kejriwal, however, is undeterred and Delhi's residents are struggling with whether to view him as a champion of freedom for the people, or simply an anarchist bent on stirring up unnecessary animosity in a city where, unlike the rest of the country, the police report directly to the home ministry rather than the state government.
As the northern India capital's recently appointed first minister, Kejriwal has wasted no time in making his mark. He has captured the minds and hearts of Delhi's poor and middle classes who are evidently fed up with corruption and substandard government practices. He has offered people free water, offered to drastically reduce their electricity bills and offered to defend the rights of women, all within just a few weeks of assuming office.
With a name like Aam Aadmi (it translates as "common man"), his political party, also known as the AAP and only founded in 2012, was always going to court favour with the poor and working class of Delhi, where nearly 18 million people reside, half of whom, according to a 2012 report in The Times of India, live in slums without electricity or sanitation. It isn't just abject poverty that Delhi has to contend with, either, as more than 15 per cent of crimes against women in Indian cities are committed there, something that has put the entire country under international scrutiny in recent months.
The AAP took charge in late-December, following a popular anti-corruption campaign that beat his predecessor, Sheila Dikshit, and Kejriwal has seized upon the current furore surrounding sex (and other) crimes against women by leading protests against the police who, he claims, he is powerless to control to improve the city's law and order. And, to bring his plight to the attention of the country and the world at large, on Monday he led a sit-down protest staged at a roundabout at Krishi Bhavan in the city centre. After initially calling for supporters to stay away, he relented and many flocked to join him at the improbable location. He also called upon honest police officers to support him and pandemonium ensued.
The protest followed Kejriwal's unheeded demands for five police officers to be suspended from duty and for the force as a whole to begin reporting to the government. The previous week, officers had arrested a number of Africans, including women, in the southern part of Delhi, who it was claimed had been dealing in narcotics. None were found and four women filed complaints about the arrests and the accompanying cavity searches and beatings. For a politician trying to protect women in Delhi, this was akin to waving a red rag in front of a bull.
Despite his claims that he'd quite willingly disrupt the country's Republic Day celebrations this coming Sunday, Kejriwal called off the protest on Tuesday night. After having spent a cold and exceedingly rough night sleeping on the road, he was hospitalised with severe lung congestion and had been seen violently coughing throughout the protest.
His physical condition, though, was not the reason for Kejriwal calling a halt to the strike – the official line was that it was due to his demands being met and the lieutenant governor, Najeeb Jung, promising that an inquiry would be fast-tracked against the implicated officers.
"This is a victory of Delhi," Kejriwal said at the time. "If any woman in Delhi is attacked then we will not sit quietly." Earlier in the week, when he initially sat down at the aforementioned roundabout, he had told the UK's Independent newspaper that he was, as had been claimed by his detractors, "an anarchist", but that he was prepared to do whatever it took to change Delhi for the better.
Kejriwal is 45 years old, relatively youthful for a senior politician. He is a vegetarian, married to Sunita (who works for the Indian Revenue Service, where he also used to be employed) and has two children – a daughter and a son. He was born into a well-educated family that was financially well heeled – his father, Gobind, was an electrical engineer. Most of his youth was spent in northern towns. Following his father's footsteps, he studied engineering (albeit the mechanical variety) at the famed Indian Institute of Technology Kharagpur and in 1989 he started working for Tata Steel – an Indian institution if ever there was one.
While at Tata he took a leave of absence to study for the Civil Services Examination – a must for recruitment into India's civil service – and he quit working for the steel giant in 1992. After that time he travelled to Calcutta and spent time at the Ramakrishna Mission, a philanthropic organisation founded in 1897 which carries out relief work in disaster areas, as well as work in education, tribal management and health care.
In 1995 he joined the Indian Revenue Service (IRS) and, in 2000, was granted two years' paid leave to pursue further higher education. When he eventually returned in 2003, he assumed office as joint commissioner of income tax in New Delhi but fell foul of the government when he left that post in February 2006. One of the conditions of his unpaid leave, it was claimed, was that he would stay in the IRS for at least three years after returning or he'd be liable to repay the salary he'd taken while studying. The problem for Kejriwal was that, within those three years, he had taken 18 months of unpaid leave and the resultant legal wranglings were only settled in 2011 after he repaid the money with loans from friends.
Kejriwal had fought the government's ruling, claiming it was an attempt to discredit him due to his involvement with the IAC (India Against Corruption) movement and it was obvious to all that he was keen to fight for the common people. While at the IRS he helped found Parivartan, a movement designed to help residents with their taxes and food rations and, in December 2006, he set up the Public Cause Research Foundation. He also fought corruption cases against public utility bodies as well as the government – never afraid to cause waves or unsettle the establishment.
Inevitably he entered the political fray and, in November 2012, he established the AAP. He claimed it was a logical step if he was to tackle the corruption that has blighted India for decades and, in the 2013 Delhi election, the AAP won 28 of the 70 available seats, finishing in second place, and announced it intended to form a minority government in the hung parliament.
For a man to run his government from a city centre roundabout takes some doing but Arvind Kejriwal is on a mission and appears to be unfazed by his detractors or the authorities he is taking a stand against. India's general election is just around the corner and political commentators seem to at least agree on one thing: that Kejriwal could end up changing the entire landscape of his country's government. India's worn down, poverty stricken masses, its vulnerable women and its middle classes have a new champion and he's busy shaking the tree. What falls out of it could result in the biggest, most positive and far reaching changes in the country's history. Watch this space.
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MATCH INFO

Day 1 at Mount Maunganui

England 241-4

Denly 74, Stokes 67 not out, De Grandhomme 2-28

New Zealand 

Yet to bat

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

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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Fight card

1. Bantamweight: Victor Nunes (BRA) v Siyovush Gulmamadov (TJK)

2. Featherweight: Hussein Salim (IRQ) v Shakhriyor Juraev (UZB)

3. Catchweight 80kg: Rashed Dawood (UAE) v Khamza Yamadaev (RUS)

4. Lightweight: Ho Taek-oh (KOR) v Ronald Girones (CUB)

5. Lightweight: Arthur Zaynukov (RUS) v Damien Lapilus (FRA)

6. Bantamweight: Vinicius de Oliveira (BRA) v Furkatbek Yokubov (RUS)

7. Featherweight: Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)

8. Flyweight: Shannon Ross (TUR) v Donovon Freelow (USA)

9. Lightweight: Mohammad Yahya (UAE) v Dan Collins (GBR)

10. Catchweight 73kg: Islam Mamedov (RUS) v Martun Mezhulmyan (ARM)

11. Bantamweight World title: Jaures Dea (CAM) v Xavier Alaoui (MAR)

12. Flyweight World title: Manon Fiorot (FRA) v Gabriela Campo (ARG)

Our legal advisor

Rasmi Ragy is a senior counsel at Charles Russell Speechlys, a law firm headquartered in London with offices in Europe, the Middle East and Hong Kong.

Experience: Prosecutor in Egypt with more than 40 years experience across the GCC.

Education: Ain Shams University, Egypt, in 1978.

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months