DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PUNE, VADODARA Kerala teen who tested positive for Nipah dies SHAJU PHILIP & ANONNA DUTT THIRUVANANTHAPURAM, NEW DELHI, JULY 21 A 14-year-old boy from Kerala’s Malappuram, who had tested positive forthe Nipah virus,died at the government Medical CollegeHospitalinKozhikodeon Sunday. According to state Health Department officials, he had developed a fever 10 days ago, and on Friday, was put on ventilator support at a private hospital in Kozhikode. On Saturday, after the National Institute of Virology in Puneconfirmedthattheboyhad tested positive for the Nipah virus, he was moved to the Medical College Hospital. CONTINUED ON PAGE 2 EXPRESS NETWORK AT ALL-PARTY MEET, RAJNATH URGES OPP TO AVOID HOUSE DISRUPTIONS Budgetsessionbegins:BJPfaceskanwar rowheat,allies’specialstatusdemands AsOppdemands debateonkey issues,Paswan joinsJDUspecial statuschorus SC to hear plea against kanwar route order today LIZ MATHEW EXPRESS NEWS SERVICE NEW DELHI, JULY 21 AT THE all-party meeting convened by the BJP-led NDA government on the eve of the Budget session of Parliament, the BJP appeared to have got a tasteof thecoalitionpoliticswith its allies as well as erstwhile friendly parties raising various demands and a resurgent Opposition asking the governmenttoadopt“anew approach” in both the Houses. The crucial three-week session starting Monday is taking place against the backdrop of a changed political landscape in thewakeof afracturedverdictin the recent Lok Sabha polls that did not give the BJP a majority, CONTINUED ON PAGE 2 NEW DELHI, JULY 21 Union Ministers and Opposition MPs at the all-party meeting in New Delhi, Sunday. Amit Mehra E ● The task ahead WITH KEY ally JD(U) and fence-sitters YSRCP and BJD — who are crucial for government in Rajya Sabha — reiterating their special status demands, the Budget will generate huge political interest. NDA’s floor managers will have to ensure allies are happy and fence-sitters content. Kanwar order: Jayant says not well thought out, Praful calls for its withdrawal ASAD REHMAN NEW DELHI, JULY 21 TWO DAYS after LJP (Ram Vilas) leader and Union minister Chirag Paswan opposed the police order in Uttar Pradesh asking eateries along the Kanwar Yatra route to display names of their owners, another Union minister, RLD chief Jayant Chaudhary, on Sunday said the police move was unnecessary and the decision was “not taken after a lot of thought”. Kanwar yatrisdon’tcheckreligionof peoplebeforeaccepting“sewa”from them, he said. CONTINUED ON PAGE 2 THESUPREMECourtwilltakeup for hearing on Monday a plea challenging the orders in BJPruled Uttar Pradesh and Uttarakhandaskingeateriesand stalls on the Kanwar Yatra route todisplaynamesof theirowners. The plea filed by NGO Association of Protection of Civil Rights(APCR)hasbeenlistedbefore a bench of Justices Hrishikesh Roy and S V N Bhatti. Twomorepetitionshavealso beenfiledintheapexcourtchallenging the move in the two states. While the plea by political commentator Apoorvanand and activist Aakar Patel sought the court’s intervention to ask CONTINUED ON PAGE 2 TURNOVER UP 4 TIMES IN 2 YEARS F&Os surge hurt capital formation, growth; a major concern: SEBI, RBI SANDEEP SINGH MUMBAI, JULY 21 3 DEAD, 8 INJURED IN KEDARNATH LANDSLIDE PAGE 3 `6.00 WWW.INDIANEXPRESS.COM SINCE 1932 EXPLAINED BY UNNY POSTAL REGN. NO. JAIPUR CITY/001/2024-26 JOURNALISM OF COURAGE MONDAY, JULY 22, 2024, JAIPUR, LATE CITY, 14 PAGES BUSINESS AS USUAL ● FINANCIAL MARKET regulators Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) are worried that the surging volumes in futures and options have started impinging on capital formation and thus pose a systemic risk to India’s economic growth. “Two years ago, when retail investors flooded the F&O segment,weworriedaboutlossesto them,andrestrictedouractionto educating them, warning them. Indeed, nine out of 10 investors were losing money as we subsequently found out. From a micro concern of retail investor losses, it has grown to be a macro problem in just two years; household savingsarefindingtheirwayinto F&Os,itisthreateningtohurtcap- ital formation, investment and growth,” said a source close to regulatory decision making, who did not wish to be named. Futures and options are derivative contracts that derive their value from underlying assets that include stocks, commodities, currencies etc. Based on their expectation of future pricemovement,investorsenter into a contract to buy or sell the CONTINUED ON PAGE 2 Bangladesh SC scales back govt jobs quota that led to protests, killings JULHAS ALAM & SHEIKH SAALIQ DHAKA, NEW DELHI, JULY 21 BANGLADESH'S TOP court on Sunday scaled back a controversial quota system for government job applicants, in a partial victory for student protesters after days of nationwide unrest and deadly clashes between policeanddemonstratorsthathave killed scores of people. CONTINUED ON PAGE 2 ‘Many things that cause ageing may have evolved as mechanisms to prevent cancer’ VENKI RAMAKRISHNAN Police frisk commuters during a curfew in Dhaka, Sunday. AP BIOLOGIST PAGE 12 Over 2 yrs after Pune man goes missing, his family see reunion hopes — in an ad PAGE 1 ANCHOR CHANDAN HAYGUNDE & ATIKH RASHID PUNE, JULY 21 DNYANESHWAR VISHNU Tambe’s family have not seen or heardofhimsincethe63-year-old left his home in Pune’s Shirur taluka in December 2021. Two days ago, their hopes of meeting him again were rekindled after, accordingtothem,heappearedin an advertisement on the Instagram account of the ruling Shiv Dnyaneshwar Tambe and (right) the ad with his photo, according to his family. Sena. The ‘Mahayuti’ government in Maharashtra, which, apart from Chief Minister Eknath Shinde’sShivSena,comprisesthe BJPandtheNCP(AjitPawar),last week launched the “Mukhyamantri Teerth Darshan Yojana”, which provides a subsidy of up to Rs 30,000 to senior citizensforpilgrimagetoprominentreligiousdestinationsinthe stateandoutside.WithAssembly elections due later this year, the state government and CM Shinde’spartyhavebeenaggressively publicising the scheme. It was one such advertisement that took Tambe’s son, Bharat, by surprise on Thursday. He says a friend sent him a screenshotof aWhatsAppstatus someone on his contacts list had posted.“Isawthescreenshotand couldn't believe it. It was my father in the ad of the Teerth Darshan Yojana,” said Bharat, who runs an eatery in Shikrapur, CONTINUED ON PAGE 2 Jaipur FIRST U.S. PRESIDENT IN 56 YRS TO OPT OUT Biden drops out of White House race, endorses V-P Kamala Harris Move under pressure from Democrats after debate disaster against Trump PETER BAKER WASHINGTON, JULY 21 US PRESIDENT Joe Biden abandonedhiscampaignforasecond term under intense pressure from fellow Democrats on Sunday, upending the race for the White House in a dramatic last-minute bid to find a new candidate who can stop former President Donald Trump from returning to the White House. He endorsed Vice President Kamala Harris to take his place atop the ticket. “It has been the greatest honor of my life to serve as your President,” he said in a letter posted on social media. “And while it has been my intention to seek re-election, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on ful- ‘It’stimetocometogether andbeatTrump’:Biden filling my duties as President for the remainder of my term.” Biden said he would “speak to the nation later this week in CONTINUED ON PAGE 2 RELATED REPORTS PAGE 10