DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA ● REG.NO. MCS/067/2018 - 20 RNI REGN. NO. 1543/57 JOURNALISM OF COURAGE TUESDAY, APRIL 8, 2025, MUMBAI, LATE CITY, 18 PAGES `5.00 ● WWW.INDIANEXPRESS.COM SINCE 1932 GLOBAL MARKETS RATTLED OVER U.S. TARIFFS, FURTHER ESCALATIONS 80 108 132 64 BUSINESS AS USUAL BY UNNY HC orders SIT probe into custody death of Badlapur accused OMKAR GOKHALE MUMBAI, APRIL 7 SAYING THAT “refusal to investigate a crime undermines the rule of law”, the Bombay High Court on Monday told the Mumbai Police to set up a Special Investigation Team (SIT) to probe the custodial death of an accused in the Badlapur sexual assault case. TheHCsaidthepoliceshould follow the principles laid down by the Supreme Court earlier, including registration of a First Information Report (FIR), and “ensure that the case, which prima facie discloses the commission of a cognizable offence, is taken to its logical end”. The incident dates back to September 23 last year, when a 23-year-old, who was arrested onchargesof sexuallyassaulting two minor girls at a school in Badlapur in Thane district, was gunned down while he was being transported in a police vehicle. Police had claimed to have shot the accused in self-defence, alleging that he snatched one of their guns and opened fire. The parents of the accused had alleged a fake encounter, and sought an SIT probe. A magistrate inquiry report dated January 17, which was submitted to the HC, had said that it “found substance” in the “false encounter” allegations. It said use of force was “not justified and contention raised by police personnel of the right of private defence comes under the shadow of suspicion”. “The case requires thorough investigation as it is undisputed that the deceased succumbed to bullets fired by a police officer when he was in police custody... Therefusaltoinvestigateacrime undermines the rule of law, erodes public faith in justice and CONTINUED ON PAGE 2 THE WORLD US indices swing wildly, Sensex & Nifty tank 3%, highest since June Trump threatens additional 50% tariffs on China Indices Apr 1, 2025 Apr 7, 2025 Difference (in %) MUMBAI, APRIL 7 AFTER LOSING $6.6 trillion in value over two days last week, US stocks were highly volatile Monday with the Dow Jones Industrial Average swinging wildly over 2,400 points in the first hour of trading, and down 2 per cent at 10.30 am (EST). The Nasdaq Composite also yo-yoed 1,125points,andwasdown1per cent at 10.30 am. Globally, markets crashed, with Nifty and Sensex in India down almost 5 per cent in the morning, but ending the day 33.25 per cent down. It was their biggest single-day fall since June last year, tracking the nervousness and fall in equity markets globally amid fears of escalation in trade wars after US President DonaldTrumpannouncedreciprocal tariffs last week. During the day, stocks in the US rallied on expectations of a thaw on the tariff front. The administration, however, clarified there would be no delay in implementing new levies. In fact, in another round of escalation, US President Donald Trump threatened additional tariffs of 50 per cent on US imports from China if the latter did not withdraw the 34 per cent tariff ithadimposedonUSproducts last week. Inapostonsocialmediaplatform ‘Truth Social’, Trump said, CONTINUED ON PAGE 2 Nifty 50 23,165.70 22,161.60 -4.33 Sensex HITESH VYAS Focus on early India-US trade pact in talks between Rubio and Jaishankar TREMORS ACROSS WORLD MARKETS 76,024.51 73,137.90 -3.79 Dow Jones* 41,989.96 37,879.65 -9.78 Hang Seng 23,206.84 19,828.30 -14.55 Shanghai Composite 3,348.44 3,096.58 -7.52 Euro Stoxx 50 5,320.30 4,662.45 -12.36 Nikkei 225 35,624.48 31,136.58 -12.59 2,521.39 2,328.20 -7.66 22,539.98 19,689.75 -12.64 KOSPI Dax *April 7 opening level The Bombay Stock Exchange on Monday. Ganesh Shirsekar After Black Monday: What could be endgame for Trump tariffs? ANIL SASI NEW DELHI, APRIL 7 WARNINGS ABOUT a Black Monday crash turned out to be prescientwithaglobalstockmarket bloodbath unfolding in the wake of last week’s meltdown over US President Donald Trump’s tariffs. This even as Trump defended his tariffs over the weekend, claiming a lot of countries are “dying to make a deal”andthatanyadjustmentin thestockmarketsis“temporary”. Govt works on bringing online gaming firms under PMLA fold Unaccounted money circulating, will clean up compliance in sector: Official SOUMYARENDRA BARIK & AANCHAL MAGAZINE NEW DELHI, APRIL 7 GROWING OPPOSITION WITHIN While analysts who said Trumpisunlikelytowalkhistariff talk have been proven wrong, there is a growing view that these tariffs might not last. Likely tariff endgame One possibility is that the reverses in the American stock markets and pressure from his own supporterswouldforceTrump ● to temper the tariff push. Secondly, the US President might indeed manage to extract concessionsfromsomecountries E EXPLAINED 08/04/2025 STRICT KYC, MONEY LAUNDERING NORMS CONTINUED ON PAGE 2 EXPERTS EXPLAIN Follow dharma of asset allocation NILESHSHAH Hold on to large-cap investments ANISHTAWAKLEY Next few months, invest in staggered manner PRASHANTJAIN EXPLAINED,PAGE13 THE EDITORIAL PAGE READING THE FALL In a world without fair trade rules, India needs to be better prepared PAGE10 RELATEDREPORTS,PAGE15 External Affairs Minister S Jaishankar, US Secretary of State Marco Rubio. File SHUBHAJIT ROY NEW DELHI, APRIL 7 DAYSBEFOREthe26percentreciprocal tariffs imposed on India by the President Donald Trumpled US administration come into effect, External Affairs Minister S Jaishankar spoke to US Secretary of State Marco Rubio on Monday. The two sides “agreedontheimportanceof the early conclusion of the Bilateral Trade Agreement”. India and the US started negotiations on the trade deal after Prime Minister Narendra Modi met Trump in Washington DC in mid-February. “Good to speak with @SecRubio today. Exchanged perspectives on the Indo-Pacific, the Indian sub-continent, Europe, Middle East/West Asia and the Caribbean... Agreed on CONTINUED ON PAGE 2 THE CENTRE is in advanced stages of finalising a move that could bring online real-money gaming companies such as Dream11, Games24x7, and Winzo under the ambit of antimoneylaunderinglawsandsubject them to stricter obligations such as know-your-customer (KYC) requirements, and tracking and reporting suspicious transactions, The Indian Express has learnt. The proposal, steered by the Ministry of Finance and sent for inter-ministerial consultations, couldresultinonlinereal-money gaming companies getting denoted as “reporting entities” under the Prevention of Money Laundering Act (PMLA), 2002. PMLA stipulates certain record-keeping and reporting obligations for financial institutions—banks,financialintermediaries or a person carrying on a designated business or profession — by classifying them as reporting entities. A reporting entity, under PMLA, has to furnish information about its clients and transactions to Financial Intelligence Unit-India (FIU-IND) under the Ministry of Finance and follow a number of compliance obligations including maintaining a record of all transactions, documents evidencing identity of its clients and beneficial owners as well as account files and business correspondence relating to its clients. It is also subject to compliance with anti-money launderingandcounteringthefinancing of terrorism (AML/CFT) obligations, in line with norms of the CONTINUED ON PAGE 2 Ayodhya temple prepares for another consecration in May, likely to be low key DIVYA A NEW DELHI, APRIL 7 Chirag Paswan, Union Minister and LJP (RV) president, is guest at Express Adda today EXPRESS NEWS SERVICE NEW DELHI, APRIL 7 FROMWINNINGallfiveseatshis party contested in the 2024 Lok Sabhaelectionstosecuringakey portfolio in the Union Cabinet, the past year has been eventful for Lok Janshakti Party (Ram Vilas) president Chirag Paswan, the Union Minister of Food Processing Industries. Paswan, 42, will be the guest at the Express Adda in Delhi on Tuesday. He will be in conversation with Anant Goenka, Executive Director, The Indian Express Group, and Vandita Mishra, National Opinion Editor, The Indian Express. After facing a huge setback in 2021 when his party split, Paswan made a remarkable comeback in the Lok Sabha polls PRESIDENT BEGINS PORTUGAL VISIT President Droupadi Murmu lays a wreath at the tomb of poet Luis Vaz de Camoes in Lisbon, at the start of her two-day state visit to Portugal on Monday. PTI Union Minister and LJP (RV) chief Chirag Paswan 9,000 mangrove trees to be cut for Coastal Road, total 60,000 trees will be affected PRATIP ACHARYA MUMBAI, APRIL 7 CONTINUED ON PAGE 2 AS MANY as 9,000 mangrove trees will be cut and another 51,000 mangrove trees will be affected while making way for the second phase of the coastal road — an ambitious project taken up by the Brihanmumbai AT LEAST 30 KILLED IN ISRAELI STRIKES ACROSS GAZA PAGE 14 MORE THAN a year after the “pran pratishtha” ceremony of Ram Lalla, the Ram Temple in Ayodhya will see another consecration ceremony next month, TheIndianExpresshaslearnt.The event will mark Lord Ram as the King,anditwillfollowtheinstallationof theRamDurbarorroyal courtonthefirstfloorof thetemple later this month. Preparations are underway for the ceremony and those aware of the matter said it will be low-key as compared to the scale of the grand event held on January 22 last year, which was attended by more than 8,000 people, and presided by Prime Minister Narendra Modi. The event will also mark a kind of finale to the temple construction, which started in 2020 after the Supreme Court verdict mandated the setting up of a committee to oversee the con- For a coastal city, mangrove forests are vital ecosystems. Municipal Corporation (BMC). The proposed road will connect Versova in Mumbai’s western suburbs with the satellite district of Bhayander. The BMC’s R/CentralwardofficeonMonday asked citizens to file suggestions andobjectionsinthisconnection by April 21. The clearance from the environment ministry came in Novemberlastyearandtheminutes from a meeting held between officials of the Maharashtra Coastal Zonal Management Authority (MCZMA), BMC and state environment officials state thatatotal60,000treeswillbeaffected for the project. ForacoastalcitylikeMumbai, mangrove forests are vital CONTINUED ON PAGE 2 Over 8,000 people attended the 2024 consecration event struction. The temple construction committee is currently headed by Nripendra Misra, former Principal Secretary to the Prime Minister. Misra recently said that the construction of the temple complexwillbecompletedbytheend of this month while the remaining work on the “parkota”, or the compound wall, will be completedbeforetheendof thisyear. “About 20,000 cubic feet of stone is yet to be laid in the temple.Theconstructionof thetemple will be completed by around CONTINUED ON PAGE 2 EXPRESS NETWORK E-SURVEILLANCE ALONG PAK BORDER SOON: SHAH U.S. SC REJECTS 26/11 ACCUSED TAHAWWUR RANA’S PLEA PAGES 7, 6 A 1954 Pak trip & passport lost: Landmark six-year battle to prove citizenship SOHINI GHOSH GODHRA, NEW DELHI, AHMEDABAD, APRIL 7 JUST A few metres from the Godhra railway station, where a fire in coach S6 of Sabarmati Expressin2002hadledtowidespread communal violence across Gujarat, stands Patel ni chali (Patels’ dwelling). A dilapidated entryway leads to a clusterof two-storeyhomeswithjalousie windows, households without boundaries and gleeful childrenrunningamok,someon their bicycles, others chasing them. It was in Patel ni chali that Abdul Sattar Haji Ibrahim Patel was born in 1936. He went to school in Polan Bazar, just a few hundred metres from his house. Except for nearly three years, from1954to1957,whenhewent to bring his wife back to India, Abdul Sattar lived his entire life in Patel ni chali, till he turned 83 and died in 2019. He is buried at the Sheikh Ghanchi Kabrastan, a graveyard in Godhra. Yet, those three years framed Patel’sidentity,raisingquestions abouthisnationality.Heclaimed he was an Indian citizen under Article 5 of the Constitution and took the battle all the way to the 75 AN EXPRESS SERIES YEARS ON RESHAPING THE REPUBLIC CASE BY LANDMARK CASE 1964 ABDULSATTARHAJIIBRAHIMPATEL VSSTATEOFGUJARAT THE CASE: Godhra-born Patel took the battle to prove his Indian citizenship to the Supreme Court. He won the case in 1964 RELEVANCE TODAY: The ruling called for a fair evaluation of factors in determining one’s citizenship status. It set a benchmark for the Centre, to establish that a person is not an Indian before labelling him a foreigner An arched entryway leads to the residence of Abdul Sattar Haji Ibrahim Patel, in Gujarat’s Godhra. Bhupendra Rana Supreme Court. In 1964, a fivejudge Bench of the Supreme Court determined that he could indeed live in Patel ni chali. Today, it is occupied by his descendants — his four sons, four daughters and their families. His case, Abdul Sattar Haji Ibrahim Patel vs State Of Gujarat, called for a fair evaluation of factorsindeterminingone’scitizenship status in a new nation that was still coming to terms with Partition. The ruling may not be a landmark ruling that carried political stakes, but it exemplified how ordinarymenlike Patel put their extraordinary faith in the Constitution. Godhra-based advocate Yusuf Charkha says, “This was a landmark case, in the sense that it laid out that the Central government has to first determine citizenship of a person and establish that they have lost Indian nationalitybeforethepersoncan betreatedasaforeignerandface actions accordingly, including deportationorcriminaloffence.” The case Godhra, no stranger to communal riots, had seen “very serious” riots in 1948, following Partition,accordingtotheJustice Nanavati-Mehta Commission of CONTINUED ON PAGE 2