TheIndian EXPRESS LATE CITY, 22 + 4 (NEWSLINE) PAGES, PUNE, `4.00 ● THURSDAY, JANUARY 25, 2018 ● WWW.INDIANEXPRESS.COM DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA Lot of impetus to be on infra push in state budget, says Fadnavis SHAJI VIKRAMAN JANUARY 24 MAHARASHTRA PLANS to focus more on building infrastructure and increase spending for that overtherestofthenexttwoyears oftheBJP-ledgovernment’sterm, andwhichwillbereflectedinthe upcomingbudgetofthestatenext month, Chief Minister Devendra Fadnavis said this in Davos Wednesday. Fadnavis, who is in the Swiss town hosting the annual World Economic Forum to hard sell the state as a preferred investment destinationandtomeetinvestors, said capital spending at a time when the economy had slowed down and when the state’s debt had ballooned did pose a challenge but Maharashtra still had the fiscal space to borrow and raise resources. CONTINUED ON PAGE 2 RS 1-LAKH CRORE BOOST PADMAAVAT PROTESTS ROCK SIX STATES There’s freedom to stone school bus with children SAKSHI DAYAL & DIPTI NAGPAUL GURGAON, MUMBAI, JAN 24 EXPRESSINDAVOS JOURNALISM OF COURAGE A VIDEO of terrified school children huddled in a Gurgaon school bus as a mob, protesting the release of Padmaavat, attacked them with stones and sticks Wednesday became a symbolof governmentapathyto maintenance of law and order. Shot by a passenger on the bus, the video captures just 13 secondsofthefour-minuteordeal thatstudents—theyoungestwas aged four — teachers and school staff went through as the bus drove past a mob that had just torchedaHaryanaRoadwaysbus. The attack on the school bus was among dozens of protests across at least six states Wednesday, a day before the re- CJI meets 4 judges again but chill remains EXPRESS NEWS SERVICE NEW DELHI, JANUARY 24 CHIEF JUSTICE of India Dipak Misra and the four senior judgeswhohadpubliclyraised theissueof rosteringof casesin the Supreme Court had their longest meeting Wednesday sincethestandoff begannearly twoweeksagobuttolittleavail. Sources told The Indian Express that the meeting of CJI Misra, with Justices J Chelameswar, Ranjan Gogoi,MadanLokurandKurian Joseph,washeldinthepremises CONTINUED ON PAGE 2 BUSINESS AS USUAL BY UNNY Centre infuses cash, unveils reforms map for public banks Release today, Haryana govt is silent, wary VARINDER BHATIA & SUKHBIR SIWACH CHANDIGARH, JANUARY 24 leaseof theSanjayLeelaBhansali film. The Supreme Court had Tuesday cleared the CONTINUED ON PAGE 2 FULL COVERAGE PAGE 6, NEWSLINE HARYANA MINISTERS, who had been very vocal in opposing the screening of Padmaavat, remainedsilentWednesdayaftera Gurgaon school bus with children was attacked by those protestingthereleaseof thefilm. Barring Health Minister Anil Vij, ministers declined to speak on the issue. Vij, who had earlier movedastatecabinetresolution and tweeted “Film Padmavati/ CONTINUED ON PAGE 2 27 OF 40 WITNESSES GO BACK ON WORD Sohrabuddin trial: As media gagged, most witnesses go hostile SADAF MODAK & SAILEE DHAYALKAR MUMBAI, JANUARY 24 NEARLY TWO months since trial began in the Sohrabuddin Sheikh alleged fake encounter case, majority witnesses, presented by the prosecution to support its case that Sohrabuddin, his wife Kausarbi and associate Tulsiram Prajapati were victims of an extra-judicial killing, have turned hostile. Of the 40 witnesses examined Sohrabuddin, Kausarbi. File until Wednesday, 27 were declaredhostilebytheprosecution, while the deposition of one has been deferred for later. Since November 29, when CONTINUED ON PAGE 2 Annual report card on health planned SUNNY VERMA NEW DELHI, JANUARY 24 A child being shielded as a bus of G D Goenka School is stoned in Gurgaon on Wednesday. Video grab HC scraps trial court gag: Public right to know, press most powerful watchdog EXPRESS NEWS SERVICE MUMBAI, JANUARY 24 OBSERVING THAT the “press is the most powerful watchdog of society”,theBombayHighCourt Wednesday quashed and set aside a trial court order restraining the media from reporting on proceedings in the Sohrabuddin Sheikh alleged fake encounter case. Dictating the order, Justice Revati Mohite-Dere said “certainly public has a right to know what is happening in this case”. She said freedom of press is intrinsic to the right to freedom Justice Revati MohiteDere of expression. She was hearing a writ petition filed by nine journalists, including from The Indian Express, against the special CBI court’s order passed on November 29, 2017, restraining the media from reporting on the ongoing trial. Justice Mohite-Dere held CONTINUED ON PAGE 2 THE GOVERNMENT on Wednesday announced a reforms roadmap for public sector banks and details of how Rs 80,000 crore of funds raised through recapitalisation bonds will be allocated to 20 PSBs by March-end. Eleven weak banks aretobegivenatotalof Rs52,311 crore to maintain their minimum capital requirement even as nine strong banks will get Rs 35,828 crore. The eleven weak banks are currentlyundertheRBI’sPrompt Corrective Action (PCA), which kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets. The central bank enforces these guidelines to ensure that banks do not go bust and follow prompt measures to put their house in order. IDBI Bank, which has a Gross NonPerformingAssets(NPA)ratio of 24.98 per cent, will receive the highest capital infusion of Rs 10,610crore,followedbyBankof India getting Rs 9,232 crore and State Bank of India getting Rs 8,800 crore. The government said that higher capital for weak banks is being given to ensure CONTINUED ON PAGE 2 CAPITAL ALLOCATION, NPA SHARE Bank IDBIBank BankofIndia UCOBank CentralBankofIndia IndianOverseasBank Amount(`Crore) 10610 9232 6507 5158 4694 GROSSNPA 24.98% 12.60% 19.74% 17.27% 22.73% Source: Ministry of Finance, NPA data from stock exchanges 12 THEEDITORIAL PAGE Facing the slowdown BY KAUSHIK BASU
Indian Express Limited is an Indian news media publishing company. It publishes several widely circulated dailies, including The Indian Express and The Financial Express in English, the Loksatta in Marathi and the Jansatta in Hindi.