DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI, JAIPUR, KOLKATA, LUCKNOW, MUMBAI, NAGPUR, PATNA, PUNE, VADODARA BY UNNY POSTAL REGN. NO. JAIPUR CITY/001/2024-26 JOURNALISM OF COURAGE THURSDAY, OCTOBER 2, 2025, JAIPUR, LATE CITY, 14 PAGES BUSINESS AS USUAL ● `6.00 ● 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 THE WORLD U.S. GOVERNMENT SHUTDOWN BEGINS, HALTS CRITICAL ECONOMIC DATA P 10 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 measurestodeepenthefinancial markets, allow banks a greater role in corporate consolidation, and crucially, take steps towards internationalising the rupee. 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. 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 proposedincreasingthelendinglimit for IPO financing to Rs 25 lakh from Rs 10 lakh, and also raised thelimitonloanagainstsharesto Rs 1 crore from Rs 20 lakh now. Reserve Bank of India Governor Sanjay Malhotra in Mumbai on Wednesday. Ganesh Shirsekar Monument conservation to go beyond ASI, open to pvt players DIVYA A NEW DELHI, OCTOBER 1 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 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 areasaffected bythe 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 arrested on Saturday. On Tuesday, IMC district president Tazim was arrested after an “encounter” during which he was shotintheleg.BareillySPAnurag Arya identified the duo targeted in Wednesday's “encounter” as CONTINUED ON PAGE 2 society”, Prime Minister Narendra Modisaid Wednesday thatwhilehisgovernmentis“actively countering” new chal- FULL TEXT OF SPEECH PAGE 6 lenges 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. CONTINUED ON PAGE 2 No handshakes with EXPLAINED Pak: After Asia Cup, BCCI takes call on Malaysia sends word on women’s World Cup CONTINUED ON PAGE 2 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. As of now, the core conservationworkofasmanyas3,700protected monuments across the country has been solely the ASI’s mandate, which functions under the aegis of the Ministry of Culture. Sources said the new move aims to create a public-privatepartnership model in heritage conservation,leadingtocapacity Trump visit, Delhi looks at a meeting with PM SHUBHAJIT ROY NEW DELHI, OCTOBER 1 MALAYSIA HAS informed India thatUS President Donald Trump will visit Kuala Lumpur for the summits of ASEANand 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. WhiletherehasbeennoofficialannouncementaboutModi’s travel to Malaysia, preparations India-Pak match in Colombo Sunday areunderway.Therehasbeenno official announcement from the US side, 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 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 CONTINUED ON PAGE 2 DEVENDRA PANDEY MUMBAI, OCTOBER 1 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't be shakinghandswiththePakistan Captains Harmanpreet Kaur and Fatima Sana 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 PakistanthriceintheUAEduring CONTINUED ON PAGE 2 We Bring The Best Out Of You CONTINUED ON PAGE 2 Jai Jawan PAGE 7 The Mentors who will take you to success Jai Kisan Lal Bahadur Shastri Institute of Management, Delhi pays its humble tribute to BHARAT RATNA SHRI LAL BAHADUR SHASTRI 2nd Prime Minister of India on his 121st Birth Anniversary Shri Lal Bahadur Shastri (2nd October 1904 - 11th January 1966) Success in science and scienti c 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. 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