NEW DELHI // This year, the family of Rakesh Pillai, a bank employee, achieved a long-held aspiration.
After hauling themselves around on bicycles and scooters all their lives, they bought a white Suzuki Wagon R, one of India’s best-selling compact cars.
It did not matter that no family member knew how to drive. Mr Pillai immediately took the car for a spin around his neighbourhood in New Delhi. He almost knocked down a couple of pedestrians, scratched a car door on a gate when making a turn, and bumped a wall while trying to reverse.
“In India, the main rule for most drivers is that you don’t stop for anyone,” said Mr Pillai, 31. “Cars don’t stop for walkers, and walkers don’t stop for cars.”
India has the world’s deadliest roads, the result of a flood of untrained drivers, inadequate law enforcement, badly maintained highways and cars that fail modern crash tests.
Alarmed by the increasing fatalities, the new government has begun a five-year project to cut road deaths by a fifth every year, part of the most ambitious overhaul of motorway laws since independence in 1947.
About 1.2 million Indians were killed in car accidents over the past decade, on average one every four minutes, while 5.5 million were seriously injured.
While road deaths in many emerging markets have dipped even as vehicle sales rose, Indian fatalities have shot up by half in the past 10 years.
The government is proposing a drastic increase in fines and prison sentences for dangerous driving. It will create an authority with a sole focus on road safety, impose stricter regulations on car manufacturers, and employ technology, such as automated driving tests, to cut down on corruption.
Drivers caught speeding or who drink and drive will face a fine of 50,000 rupees (Dh3,000) – 10 times the average monthly salary – and the threat of jail. The current maximum fine for speeding is 1,000 rupees and for drink driving 3,000 rupees.
“It is not going to change road habits overnight, and any success will depend on a lot of work from the government to ensure these laws are implemented,” said Piyush Tewari, who founded the SaveLIFE Foundation to reduce accidents after his teenage cousin was killed in a crash.
The new law was inspired by the death of rural development minister Gopinath Munde in a crash in June. Munde, a close ally of prime minister Narendra Modi, was the third high-ranking politician to die in a car accident since 2000.
The legislation, to be introduced in a parliament session starting this month, will be a test of Mr Modi’s ability to win cross-party consensus because he lacks an upper-house majority.
At a test centre in Delhi last week, Mr Pillai stood in a queue that snaked outside into the autumn sunshine.
After an hour, Mr Pillai was called for his test on a busy road near a shopping mall. It involved driving in a straight line, pulling into a right-hand lane, making a U-turn and then another, before arriving back at the start.
It took all of 90 seconds.
“Sadly, I predict we are going to keep seeing a spiral in road deaths,” said Harman Singh, of safety campaign group Arrive Safe. “It is easier to pass a law than to change the mindset.”
* Reuters
Mubadala World Tennis Championship 2018 schedule
Thursday December 27
Men's quarter-finals
Kevin Anderson v Hyeon Chung 4pm
Dominic Thiem v Karen Khachanov 6pm
Women's exhibition
Serena Williams v Venus Williams 8pm
Friday December 28
5th place play-off 3pm
Men's semi-finals
Rafael Nadal v Anderson/Chung 5pm
Novak Djokovic v Thiem/Khachanov 7pm
Saturday December 29
3rd place play-off 5pm
Men's final 7pm
Company%20Profile
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COMPANY%20PROFILE
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Company%20Profile
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Profile of Foodics
Founders: Ahmad AlZaini and Mosab AlOthmani
Based: Riyadh
Sector: Software
Employees: 150
Amount raised: $8m through seed and Series A - Series B raise ongoing
Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
Company%20Profile
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Company%20profile
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The bio
Favourite book: Kane and Abel by Jeffrey Archer
Favourite quote: “The world makes way for the man who knows where he is going.” - Ralph Waldo Emerson, American essayist
Favourite Authors: Arab poet Abu At-Tayyib Al-Mutanabbi
Favourite Emirati food: Luqaimat, a deep-fried dough soaked in date syrup
Hobbies: Reading and drawing
The%C2%A0specs%20
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AIR
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Safety 'top priority' for rival hyperloop company
The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.
He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.
“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.
“Only once the system has been certified and approved will it move people,” he said.
HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.
With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.
How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
COMPANY%20PROFILE%20
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BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
Cinco in numbers
Dh3.7 million
The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown
46
The number, in kilograms, that Swarovski’s wedding gown weighed.
1,000
The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]
50
How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday
3,000
The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.
1.1 million
The number of followers that Michael Cinco’s Instagram account has garnered.
ELECTION%20RESULTS
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UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE%20
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COMPANY%20PROFILE
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SPEC%20SHEET%3A%20APPLE%20IPHONE%2014%20PRO%20MAX
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SPECS
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A cheaper choice
Vanuatu: $130,000
Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.
Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.
Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.
Benefits: No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.
Bridgerton%20season%20three%20-%20part%20one
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Company%20Profile
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COMPANY%20PROFILE
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Martin Sabbagh profile
Job: CEO JCDecaux Middle East
In the role: Since January 2015
Lives: In the UAE
Background: M&A, investment banking
Studied: Corporate finance
Company%20Profile
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
Janet Yellen's Firsts
- In 2014, she became the first woman to lead the US Federal Reserve
- In 1999, she became the first female chair of the White House Council of Economic Advisers
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