DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA JOURNALISM OF COURAGE WEDNESDAY, MAY 7, 2025, NEW DELHI, LATE CITY, 22 PAGES Former CEA K V Subramanian recalled from IMF HITESH VYAS & RITU SARIN MUMBAI, NEW DELHI, MAY 6 UNION BANK of India is understood to have paid 50 per cent in advancetoRupaPublicationsfora bulk order worth around Rs 7 crore for 2 lakh copies of former Chief Economic Advisor KrishnamurthyVSubramanian’s book ‘India@100: Envisioning Tomorrow’sEconomicPowerhouse’ —acontentiouspurchasethathas raised questions of propriety, The Indian Express has learnt. On Tuesday, the bank acknowledged “lapses” in the purchase,andsaidit wasexamining the issue, even as its shares plummeted by 6.18 per cent to Rs118.35on the BSE.Ina filingto exchanges, the bank said that it CONTINUED ON PAGE 2 WILL ENHANCE BILATERAL TRADE, RAISE LIVING STANDARDS Told to re-establish deterrence, military weighs options, strategy India, UK see more investment, jobs; to catalyse economies: Modi, Starmer SHUBHAJIT ROY & AMRITA NAYAK DUTTA Deal’sdone:India-UKFreeTrade RAVI DUTTA MISHRA NEW DELHI, MAY 6 INDIA AND THE United Kingdom ironed out major differences during the latest round of talks in April end at London and announced Tuesday the conclusion of the long-awaited Free Trade Agreement. Prime Minister Narendra Modidescribedthedealasa“historic milestone” and UK Prime Minister Keir Starmer termed it a “landmark trade deal”. Both saiditwouldcreatejobs,enhance bilateral trade, and bring investment into their countries. Amid fears of potential fresh tariffsunderUSPresidentDonald Trump and a renewed global push for deal-making, the UK CONTINUED ON PAGE 2 Mutually beneficial, will deepen partnership ‘HISTORIC... LANDMARK’ PM MODI WHATINDIAGETS UK to end tariffs on footwear, textiles, automobile components, electrical machinery, minerals and more Fantastic, delivering on our Plan for Change PM STARMER WHATU.K.GETS India to cut tariffs on whiskey, gin, automotives, cosmetics, lamb, salmon, chocolate, biscuits and more Takeaways: First off the Gold standard, says block, bipartisan, deepens Govt; template for deals bilateral economy story on table with EU & US SHUBHAJIT ROY NEW DELHI, MAY 6 THREE years ago, on April 22, 2022, then British Prime Minister Boris Johnson was on an India visit where he called Prime Minister Narendra Modi his “khaas dost” and said both E leaders had asked their negotiatorstoreachan ● agreementonthe FreeTradeAgreement by “Diwali” of 2022. Both sides missed that deadline but they accomplished it on Tuesday marking a pivotal point EXPLAINED Ex-CEA book: Union Bank admits lapses; publisher got over `3 crore `7.00 (`8 BIHAR & RAIPUR, `15 SRINAGAR) WWW.INDIANEXPRESS.COM SINCE 1932 CONTINUED ON PAGE 2 RAVI DUTTA MISHRA NEW DELHI, MAY 6 THE INDIA-UK trade deal is significant in being the most comprehensive free trade deal that NewDelhihasenteredintosofar and could serve as the template forfuturetradeengagements,in- cluding the multiple bilateral dealscurrentlyundernegotiation. These include the complex tradedealunderdiscussionwith the 27-nation European Union and the fast-tracked deal being negotiated with the US. The impetus to wrap up the trade deal comes against the CONTINUED ON PAGE 2 NEW DELHI, MAY 6 WEIGHING ITS response to the Pahalgam terror attack, the government is working on a multipronged military strategy to reestablish deterrence against Pakistan’s hostile behaviour, The Indian Express has learnt. This has been the main and clear brief given to the military and security establishment by CONTINUED ON PAGE 2 BUSINESS AS USUAL BY UNNY A civil defence rehearsal in Lucknow Tuesday, ahead of the countrywide mock drill on Wednesday. Vishal Srivastav Cash at home: Panel found ‘credence’ in allegations, judge gets nudge to quit APURVA VISHWANATH NEW DELHI, MAY 6 DELHI MOCK DRILLS START MORNING P 5 THE THREE-MEMBER panel of judges probing the allegations against Justice Yashwant Varma has found credence in the allegation of cash being found at his official residence in Delhi when a fire broke out there on March Justice Varma was transferred out of Delhi HC March 20 14, The Indian Express has learnt. ItislearntthatChief Justiceof CONTINUED ON PAGE 2