TheIndian EXPRESS LATE CITY, 24 PAGES, LUCKNOW, `4.00 ● FRIDAY, FEBRUARY 2, 2018 ● WWW.INDIANEXPRESS.COM DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA In election year, BJP handed a drubbing in Rajasthan bypolls JAIPUR, FEBRUARY 1 Cong takes Alwar, Ajmer LS seats, Mandalgarh. Rohit Jain In Alwar, the Congress vote sharejumpedalmost25percent compared to its showing in 2014 when it lost by 2.83 lakh votes. The BJP had polled more than 60 per cent in 2014 and was down to 40 per cent this time. CONTINUED ON PAGE 2 SC makes public: which judge gets what matter, move to elevate 2 judges EXPRESS NEWS SERVICE NEW DELHI, FEBRUARY 1 FOR THE first time, the Supreme Court has made public its Judges Roster — a list that shows which judgehearswhatmatterbysubject — with Chief Justice of India DipakMisraretainingallmatters related to PILs. The roster was posted on the Supreme Court’s official website Thursday, nearly three weeks afteritsfourmostseniorjudges— Justices J Chelameswar, Ranjan Gogoi,MadanBLokurandKurian Joseph — went public with 12 THE EDITORIAL PAGE Wages of nervousness BY PRATAP BHANU MEHTA 13 THEIDEASPAGE Moving from job to wages Raising wages needs targeting of productivity via multiple reforms LAST FULL BUDGET OF MODI GOVERNMENT BEFORE LOK SABHA ELECTIONS Economics with Pollitics Rural poor is focus, cost is breach of fiscal target HAMZA KHAN IN A major setback to the BJP in Rajasthan, which goes to assembly polls later this year, the Congress swept bypolls to three seats in the state earlier held by the ruling party. Thursday’s results in the Ajmer and Alwar Lok Sabha seats and Mandalgarh assembly constituency seats indicated a massive swing in vote share towards the Congress. The Congress vote share in Alwar and Ajmer increased by 25 per cent and 11 per cent compared to the 2014 Lok Sabha elections, while the BJP’s share in the same seats dipped by 20 per cent and 10 per cent. JOURNALISM OF COURAGE Assurance on MSP but for govt, rural is more about infra than agri 10% market tax in name of helping real economy ANIL SASI & SUNNY VERMA HARISH DAMODARAN SANDEEP SINGH & AANCHAL MAGAZINE NEW DELHI, FEBRUARY 1 FINANCE MINISTER Arun Jaitley’s last full Budget before the Lok Sabha elections was predominantly a rural-sector budget with a clear political overtone: to reinforce the Narendra Modi government as one with pro-poor credentials anddissipatemountingpressure toaddressdiscontentoverfalling farm income and economic slowdown. The slew of measures for agriculture and a new health insurance scheme for the poor come a month after the bruising Gujarat election results and ahead of the eight states that go to polls this year at the cost of a CONTINUED ON PAGE 2 CJI Misra keeps all PILs concerns over the conduct of the CJI,especiallyinallocationofcases. The website also posted the Collegium’sunanimousdecision onJanuary10torecommendthe elevation of Senior Advocate Indu Malhotra and Uttarakhand Chief Justice K M Joseph as Supreme Court judges. CONTINUED ON PAGE 2 NEW DELHI, FEBRUARY 1 Jaitley at Parliament House on Thursday. Renuka Puri 5-lakh health cover for 10 cr poor, prescription awaited ABANTIKA GHOSH & GEORGE MATHEW NEW DELHI, MUMBAI, FEBRUARY 1 THE SHOWPIECE of the Modi government’s pre-poll Budget Thursday is an ambitious National Health Protection Scheme (NHPS) for over 10 crore UNION BUDGET 2018-2019 PAGES 9-11, 14-21 MACRO CONNECTINGINDIA Govt spending slowest in three pre-poll years PAGE 9 Rs 1,014-cr boost to NE air connectivity PAGE 16 SOCIALTHRUST RAILWAYS&DEFENCE Loan model to replace infra grants to IITs, IIMs PAGE 10 Rlys gets Rs 1.47 lakh cr, highest ever PAGE 19 “poor and vulnerable” families — an estimated 50 crore individual beneficiaries — with coverage of up to Rs 5 lakh per family per year. Describing the scheme as “theworld’slargestgovernmentfundedhealthcareprogramme”, Union Finance Minister Arun Jaitley also announced one CONTINUED ON PAGE 2 THE UNION Budget Thursday promised that the minimum supportprices(MSP)forallcrops will be fixed so as to guarantee farmersa50percentreturnover their production cost. And that the Centre would ensure that farmers will “get the full benefit of the announced MSPs”. But in the absence of any budgetary provision — there is a “marketintervention-cum-price support scheme”, for which the allocation is a mere Rs 200 crore in the coming fiscal — it is not clear how this is going to be done. All that is stated in Finance Minister Arun Jaitley’s speech is that the “Niti Aayog, in consultation with central and state governments, will put in place a BUSINESS AS USUAL BY UNNY foolproof mechanism so that farmers get adequate price for their produce.” This lack of clarity isn’t a surprise.ForalltheModigovernment’s assertions about CONTINUED ON PAGE 2 NEW DELHI, FEBRUARY 1 WHEN DEMONETISATION was announced, the government’s political hardsell was that the rich were not being spared, that they too would have to stand in queues and come clean on their income. On Thursday, unveiling the Union Budget, Finance Minister Arun Jaitley reinforced this political message when he announced taxation on longtermcapitalgainsfromthestock market. And suggested this as part of a strategy to route businesssurplusestomanufacturing and real economy sectors, away from financial assets. Announcing the proposal to impose long-term capital gains CONTINUED ON PAGE 2
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.