TheIndian EXPRESS LATE CITY, 20 PAGES, NEW DELHI, `6.00 (`8 PATNA & RAIPUR, `12 SRINAGAR) ● MONDAY, SEPTEMBER 3, 2018 ● WWW.INDIANEXPRESS.COM DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA AT BOOK RELEASE, LISTS REFORMS Need code of conduct for MPs & MLAs, says Vice-President If anyone calls for some discipline, he is called autocratic: Prime Minister NEW DELHI, SEPTEMBER 2 TO ENSURE that people do not lose faith in political processes and institutions, there is a need for political parties to “evolve a consensus on the code of conductfortheirmembers,both inside the legislature and out of it”, Vice-President M Venkaiah Naidu said on Sunday. Naidu was speaking at the release of his book, Moving On, Moving Forward: A Year In Office, to mark the completion of one year as Vice-President and Rajya Sabha Chairperson. The event at Vigyan Bhawan saw Prime Minister Narendra Modi, former Prime Ministers Manmohan Singh and H D Deve Gowda, Lok WORLD Singh, Modi and Naidu in New Delhi on Sunday. Renuka Puri SabhaSpeakerSumitraMahajan, Finance Minister Arun Jaitley and Congress leader Anand Sharma sharing the dais with Naidu. Recalling his travels with Naidu in the past, Modi said he was always required to be on alert as Naidu is known to never carry any money, pen, or watch YEMEN STRIKE AN ERROR: SAUDI-LED COALITION FULL INTERVIEW THE EDITORIAL PAGE Indian athletes at the Asian Games closing ceremony in Jakarta on Sunday. PTI Jakarta wraps with Bollywood fusion, India with highest haul BUSINESS AS USUAL BY UNNY EXPRESSAT ASIANGAMES SHIVANI NAIK JAKARTA, SEPTEMBER 2 ON SUNDAY night, the important Sheikh on the dais stuck both his arms up, making a royal heart linked at the top of his keffiyeh — a distinct Korean-pop (K-Pop) sign that drove the crowd mad in Jakarta. Later, whenpopularsingerSitiBadriah crooned ‘Jaran goyang’ (an unabashedly vain song that means ‘I’m beautiful, everyday I’m more beautiful’), the entire GBK Stadium at the Asiad closingceremony madedancing Vs with their middle and index fingers (like inverted air quotes) to mimic a gesture from the TicTok App — an addictive Instagram-like narcissism that originated from China, but is a rage in Indonesia. Andfinally,theGelorastands went into a frenzy and synced their waving hand dance step to ‘Koi Mil Gaya’. Every soul acting out Shah Rukh Khan, Kajol and RaniMukherjeeinadistantland. CONTINUED ON PAGE 2 MORE REPORTS PAGE 18 ABHISHEK SAHA GUWAHATI, SEPTEMBER 2 ASSAM’S KAZIRANGA National Park (KNP), famous for its onehorned rhinos, is all set to boost maintenance and vigilance with a new set of hi-tech drones for capturing video footage of parts of the jungle not accessible on foot. The government is also setting up a new division to ensure an increase in officials and forces patrolling the area to check poaching. “The products are expected to be received in around two months. These drones are expected to be able to fly for 4-5 hours and take high quality footage. The new drones will overcome the time and maximum height limitation that the earlier ones had,” Parimal Suklabaidya, Assam Environment and Forest Minister, told The Indian Express. The Minister said that the KNP has also been bifurcated into two divisions: Eastern Assam Wildlife Division, the CONTINUED ON PAGE 2 ● PAGE ONE ANCHOR WARY OF REAL ESTATE BOOM, A GOA VILLAGE POOLS LAND TO REVIVE FARMING AFTER 30 YRS TRACKING CHANGE» SMITA NAIR PANJIM, SEPTEMBER 2 IN NORTH Goa’s island village of St Estavam, surrounded by the Mandovi river, the paddy fields have started flowering, with the parish priest delivering field updates alongside daily sermons. It would have been a regular Kharif calendar, like across India. Except, this view was last seen 30 years ago. Of the 250 hectares of cultivable land once covered with weed, 50 hectares of swaying crop are waiting to be harvested. They are expected to yield 175 MUMBAI, SEPTEMBER 2 LOANS, NPA: SMALL, MICRO UNITS TOTAL LOAN GROSS NPA March 2015 YEAR 982,552 63,035 March 2016 951,944 74,133 March 2017 983,655 82,382 March 2018 10,49,796 98,500 US to cancel $300m aid to Pak over inaction on terror CONTINUED ON PAGE 2 Kaziranga to get drones that will stay up for 5 hours NEW DELHI, SEPTEMBER 2 PAGE 15 GEORGE MATHEW on him. “Yet, (he) is always on time,” said Modi, alluding to Naidu’s penchant for punctuality and discipline. “Venkaiahji is a strict disciplinarian. But in our country,thesituationissuchthat it is very easy to brand discipline as undemocratic. If anyone calls for some discipline, he is called autocratic and every such label in the dictionary,” he said. Expressing his displeasure over the functioning of Parliament,Naidu listedreforms that he felt are necessary for its effective functioning, as well as that of the state legislatures. Besides calling for a code of conduct for MPs and MLAs, he said that “if a member desires to change party, he must do so by resigning from the membership By VIKRAM S MEHTA P VAIDYANATHAN IYER CONTINUED ON PAGE 2 But credit demand going up, says a study by banks’ body MICRO AND small businesses continue to struggle in the wake of demonetisation and implementation of the Goods and Services Tax (GST), with the latest RBI figures showing that their loan default margin doubledoverthelastyear—from Rs 8,249 crore by March 2017 to Rs 16,118 crore by March 2018. The figures, obtained by The Indian Express under the Right to Information (RTI) Act, show that non-performingassets(NPAs)or bad loans of micro and small units — where the investment in plant and machinery is above Rs 25 lakh but does not exceed Rs 5 crore — rose from Rs 82,382 crore to Rs 98,500 crore by March 2018 (see chart). In its RTI reply, the RBI said that the bulk of loan defaults, which rose from March 2017, is Three men & a possibility GDP back series was second best solution: Mundle DAYS AFTER the government dismissed the new back series GDP data as “not official”, the chairman of the committee on real sector statistics, Sudipto Mundle, told The Indian Express that the estimates were the “second best option” in the absence of comparable data for earlier years up to 1993-94. In an interview (page 15), Mundle, Emeritus Professor and Member of the Board of Governors, National Institute of Public Finance and Policy, said: “The new series GDP uses very rich data — audited balance sheets of lakhs of companies — available under MCA21. But there are certain disadvantages, too. For instance, you could not use this new data source backward, because it didn’t exist. You couldn’t go beyond a few years.” According to Mundle, this was perhaps the main reason why the Central Statistical Organisation (CSO) couldn’t do it, either, after adopting the base year of 2011-12 for evaluating GDP data from January 2015. RBI: Loan defaults by small businesses double in a year 10 SHALINI NAIR 13 JOURNALISM OF COURAGE EVERY MONDAY For all Change stories, log on to www.indianexpress.com/change Witness Change? Write to us at email@example.com metric tonnes of raw paddy, from the Goa Dhan 1 variety of rice seed, specially designed for “khazan” or saline low-lying agriculture flat beds in the state. The residents say they took to cultivation more due to fear of “gated migrant communities encroaching upon agriculture Paddy under cultivation in St Estavam. Willam Rodrigues land” — and a cargo jetty, which they claim they foresee alongside the opposite banks. Nine months after the idea was mooted “at the community level”, this pilot project is now being tracked by the state government,whichplanstotake this experiment to every village. “It’s happened for the first time in Goa. Imagine the promise it holds for generations of Goans, who can take lessons onhowtobringlargefallowland owned by different persons under collective cultivation,” says Sanjeev Mayekar, project head, Agriculture Technology CONTINUED ON PAGE 2 LALIT K JHA WASHINGTON, SEPTEMBER 2 THE UNITED States will cancel $300 million in military aid to Pakistan over its failure to take “decisive actions” to support President Donald Trump’s new South Asia policy and act against terror groups like the Haqqani network and Lashkar-e-Taiba, the Pentagon has announced in a fresh blow to the deteriorating ties between the two nations. The announcement comes Source: RBI; figures in Rs/cr; businesses worth up to Rs 5 crore YOUR RIGHT TO KNOW E AN XPRESS RTI APPLICATION accounted by public sector bankswhichhadashareof 65.32 per cent in outstanding loans to smallunits,downfrom66.61per cent in the previous year. The RBI’s reply said that outstanding advances to micro and smallunitsincreasedby6.72per just days before US Secretary of StateMikePompeoisduetovisit Pakistan to meet the country’s new Prime Minister, Imran Khan. The US and others have long complained that Pakistan provides safe haven to militant networks, allowing them to carry out cross-border attacks in Afghanistan. The Pentagon’s move, which needs to be approved by the US Congress, is part of a broader suspension of aid announced in January. CONTINUED ON PAGE 2 cent to Rs 10,49,796 crore by March 2018, as against Rs 9,83,655 crore in March 2017, and credit growth picked up in a significant way recently. The 8.2 per cent growth in GDP for the April-June period of the financial year 2018-19 announced by the government Friday has coincided with this recovery in credit offtake since January this year. GDP growth hadfallento5.7percentinAprilJune of 2017-18 in the wake of demonetisation. CONTINUED ON PAGE 2 GOVT & POLITICS P6 ● AT KCR SHOW OF STRENGTH, NO MENTION OF EARLY POLLS
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