DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PATNA, PUNE, VADODARA JOURNALISM OF COURAGE THURSDAY, OCTOBER 2, 2025, AHMEDABAD, LATE CITY, 20 PAGES BUSINESS AS USUAL BY UNNY `5.00 ● WWW.INDIANEXPRESS.COM SINCE 1932 IPO FINANCING LIMIT RAISED 2.5X TO Rs 25 LAKH RBIallowsbankstofundM&As,lendin rupeetoresidentsofIndia’sneighbours To give primary markets a boost, limit on loan against shares raised to Rs 1 crore from Rs 25 lakh GEORGE MATHEW MUMBAI, OCTOBER 1 More arrests, ‘encounter’: Bareilly on edge, houses locked, families fearful NEETIKA JHA BAREILLY, OCTOBER 1 THERE ARE no customers in the markets,somehomesinthearea are shut, the families of many of those arrested are fearful, with at least one claiming they haven't been to meet the accused, and there have been fervent appeals for the administration to at least stop demolishing residences. When The Indian Express reachedBareillyWednesday,five days after clashes erupted over the “I Love Muhammad” row, a palpable sense of unease pervaded lanes and markets in the areas affected by the violence. At Old City, “I Love Muhammad” banners and posters hung between houses or were pasted on the gates and walls of homes. TheareasnearNoumahlaMasjid and Ala Hazrat Dargah were under heavy police cover. The police said they had arrested nine more associates of Ittehad-e-Millat Council (IMC) chief Maulana Tauqeer Khan — including two who were shot in the leg in another “shootout” — for their alleged role in the violent protests on September 26. The latest arrests took the total number of those held over the violence to 82. Tauqeer, accused of “masterminding” the clashes that eruptedafterFridayprayers,was arrestedonSaturday.OnTuesday, IMCdistrictpresidentTazimwas arrested after an “encounter” CONTINUED ON PAGE 2 AT A TIME when India is grappling with rising trade frictions with the US and President Donald Trump’s sharp rhetoric against a BRICS currency, the Reserve Bank of India (RBI) on Wednesday unveiled a series of measures to deepen the financial markets, allow banks a greater role in corporate consolidation, and crucially, take steps towards internationalising the rupee. SHUBHAJIT ROY NEW DELHI, OCTOBER 1 MALAYSIA HAS informed India that US President Donald Trump will visit Kuala Lumpur for the summits of ASEAN and East Asia leaders from October 26 to 28. This has opened a window for Delhi to look at a possible bilateral meeting between Prime Minister Narendra Modi and PresidentTrumponthesidelines of the East Asia summit. While there has been no official announcement about Modi’straveltoMalaysia,preparations are underway. There has been no official announcement from the US side too, either from the White House or the US State Department, on Trump’s travel plans. Malaysian Prime Minister Anwar Ibrahim is the host of the ASEAN and East Asia summits and Kuala Lumpur and Delhi In a first, monument conservation will open to pvt players FOR THE first time, the government plans to open up conservation of protected monuments — so far the mandate of only the Archaeological Survey of India (ASI) — to private players. Soon, corporates, public sector undertakings and even private organisations will be able to directly hire external agencies to undertakerequiredconservationwork atforts,baolis,andotherheritage spaces across the country, The Indian Express has learnt. Asof now,thecoreconservation work of as many as 3,700 protected monuments across the country has been solely the CONTINUED ON PAGE 2 E EXPLAINED NEW DELHI, OCTOBER 1 These new measures were announced by RBI Governor Sanjay Malhotra along with the interest rate decisions. The RBI Wednesday kept the repo rate unchanged at 5.5 per cent and monetarypolicystance‘neutral’. In what could also boost the primary markets, the RBI proposed increasing the lending limit for IPO financing to Rs 25 lakh from Rs 10 lakh, and also raised the limit on loan against CONTINUED ON PAGE 2 Reserve Bank of India Governor Sanjay Malhotra in Mumbai on Wednesday. Ganesh Shirsekar A step at ● a time THE GOVERNMENT has been cautious in its approach to opening up conservation and restoration work of protected monuments to the private sector. If monitored and supervised carefully, the move might create a muchneeded blueprint for public-private partnership in heritage conservation in the country. As a first step in this direction, the private sector will, for now, play a supplementary role. DEVENDRA PANDEY MUMBAI, OCTOBER 1 GOVT & POLITICS PUTIN TO VISIT INDIA EARLYDECEMBER P 10 have been in touch about India’s participation. Malaysia has also conveyed that Chinese Premier Li Qiang and Russian President Vladimir Putin are also expected to travel toKualaLumpurforthesummit. A possible meeting between Modi and Trump has been in the works since Washington and Delhi have resumed work on a trade deal that was stalled over the imposition of tariffs and CONTINUED ON PAGE 2 THE WORLD U.S. GOVERNMENT SHUTDOWN BEGINS, HALTS CRITICAL ECONOMIC DATA TRUMP PLEDGES TO DEFEND QATAR PAGE17 EXPRESS NETWORK ZUBEEN GARG’S MANAGER, FESTIVAL ORGANISER HELD PAGE 14 SHAJU PHILIP THIRUVANANTHAPURAM, OCTOBER 1 THIS YEAR’S Vijayadashami will mark a first in the 125-year history of Kerala Kalamandalam as a Muslim girl takes the stage to perform the classical temple art form of Kathakali. Sixteen-yearold Sabri N will perform the Krishnavesham,aformof dance that blends drama and music based on the Ramayana. In 2023, Sabri had become the first Muslim girl student to enrol for the prestigious Kathakali course at Kalamandalam, a centre for performing arts and a deemed-tobe university of art and culture. “This is going to be my first stage performance, and it marks a milestone in my journey to the dream career of a Kathakali dancer and teacher. I have a long journeytogointhiscourse.Over the last two years, I have been undergoing training at No handshakes with Pak: After Asia Cup, BCCI takes call on women’s World Cup India-Pak match in Colombo Sunday Prime Minister Narendra Modi with RSS Sarkaryavah Dattatreya Hosabale during the RSS centenary celebrations in New Delhi on Wednesday. PTI RSS has roadmap for challenges on the road to Viksit Bharat: PM JATIN ANAND NEW DELHI, OCTOBER 1 COMPARING THE Rashtriya Swayamsevak Sangh to a river whichhas“nourishedeverypart of ournation,everysphereof our society”, Prime Minister Narendra Modi said Wednesday thatwhilehisgovernmentis“actively countering” new challenges on the path to development such as “dependence on foreign countries, conspiracies todivideourunity,demographic changes through infiltration”, the “RSS too has prepared a concrete roadmap” to face these. Hailing the role of the RSS in nation-buildingontheeveof the organisation’s centenary, Modi, speaking at the Dr Ambedkar International Centre in New Delhi, said Sarsanghchalak CONTINUED ON PAGE 2 FULL TEXT OF SPEECH PAGE 12 FOLLOWINGTHEstandtakenby the Indian men's team during theAsiaCup-winningcampaign, the women's team too has been advised by the BCCI not to shake handswithPakistan'splayersfor theirICCWorldCupleaguegame in Colombo on Sunday, The Indian Express has learnt. The message to avoid handshakes, at the toss or after the game, was delivered just before the women's team departed for Sri Lanka on Wednesday, BCCI sourcessaid.“Theteamwon'tbe shaking hands with the Pakistan team during the World Cup. The team has been informed by the BCCI bosses about this. The Indian board will stand by its players,” the sources said. The Indian men's team faced Pakistan thrice in the UAE duringtheAsiaCup,includinginthe final which they won by five wickets. For the women, the game against Pakistan will be theirsecondintheWorldCupafter they won their first league game against Sri Lanka in Captains Harmanpreet Kaur and Fatima Sana Guwahati on Tuesday. The women cricketers are travelling to Sri Lanka to take on Pakistan since the BCCI and PCB have decided to play each other only at neutral venues. Incidentally, this will be the fourth straight Sunday featuring India-Pakistancricketmatchesin apoliticallychargedatmosphere. The Asia Cup was marked with references on and off the field to the Pahalgam terror attack that killed 26 people and India'sOperationSindooronterror infrastructure in PoK and Pakistan,whichledtoabrief military standoff. Following the final, India refused to receive the trophy from Asian Cricket Council (ACC) CONTINUED ON PAGE 2 ARRESTED IN RAJKOT IN 2023 3 from Bengal get life term for conspiracy to wage war against State ‘I hope more girls from the community will come forward to learn the temple art forms,’ says 16-year-old Sabri N Jai Kisan Lal Bahadur Shastri Institute of Management, Delhi BHARAT RATNA SHRI LAL BAHADUR SHASTRI AHMEDABAD, OCTOBER 1 THE ADDITIONAL sessions court in Rajkot Tuesday convicted three men from West Bengal for conspiring to wage war against the State and sentenced them to imprisonmentfortheremainder of their natural life. Abdul Sukarali alias Abddulah Hajrat Sheikh (20), Aman Siraj Malik (23), and Saif Navaz Abu Sahid (23), who were arrested by the Gujarat AntiTerrorist Squad (ATS) on July 31, 2023, from Rajkot, had been bookedunderIPCSection121(a) (conspiring to overawe, by means of criminal force or the show of criminal force, the centralgovernmentorstategovernment) and Sections 25(1-B)A (il- Jai Jawan pays its humble tribute to EXPRESS NEWS SERVICE nd 2 Prime Minister of India on his 121st Birth Anniversary (From left) Aman Siraj Malik, Abdul Shakur Ali Sheikh & Shafnawaz Abu Shahid legal possession of firearms and ammunition) and 27 (unlawful use of arms and ammunition) of the Arms Act. The three were employed as jewellery artisans at Rajkot’s Soni Bazaar from where they were arrested for alleged links with militant organisation Al Qaeda.MalikbelongstoHooghly district while Sheikh and Sahid CONTINUED ON PAGE 2 On Vijayadashami, Kerala Kalamandalam charts new course with Muslim girl’s Kathakali performance PAGE 1 ANCHOR EXPLAINED PAGE 16 Malaysia sends word on Trump visit, Delhi looks at a meeting between PM and him BEYOND ASI EXCLUSIVE MANDATE DIVYA A The package includes two breakthrough decisions. First, banks will be allowed to finance corporate takeovers — a domain from which they were long barred. Second, Indian banks and their overseas branches can begin extending rupee-denominated loans to residents of neighbouring countries such as Nepal, Bhutan, and Sri Lanka. Both steps mark a strategic shift in how the RBI envisions India’s financial system: no longer inward-looking, but geared towards building regional and eventually global influence. Kalamandalam, but this is the first time I will be donning the costume of a Kathakali dancer. I have chosen Krishna vesham. We are seven students, ready for a debut stage performance. All others are Hindus,” said Sabri, who is in class 10. Sabri’s father, Nizam S, a resident of Edamulackal village in Kollam district, can barely contain his excitement. “We have been fully backing Sabri to cherishherchildhooddream.Asparents, our role is to handhold her to the stage for this arangettam Shri Lal Bahadur Shastri (2nd October 1904 - 11th January 1966) Success in science and scientic work come not through the provision of unlimited or big resources, but in the wise and careful selection of problems and objectives. Above all, what is required is hard sustained work and dedication. AICTE APPROVED PGDM PROGRAMMES General | Financial Management | Research & Business Analytics Articial Intelligence & Data Science & Fellow Programme in Management LAL BAHADUR SHASTRI INSTITUTE OF MANAGEMENT Plot No 11/7, Sector-11, Dwarka, New Delhi - 110075 (M) +91-88401 90140, +91-95403 10092 Email: admission@Lbsim.ac.in | Website : www.Lbsim.ac.in AICTE NATIONAL BOARD RANKING 2025 RANK BAND 101-125 OF ACCREDITATION (3 PGDM PROGRAM) CONTINUED ON PAGE 2 Ahmedabad
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