The Editorial Page: Between government and RBI, getting back the investor 10 SatURDaY, JUne 6, 2026 Journalism of Courage New DelhI, lAte CItY, 22 PAGeS ₹7.00 (₹8 rAIPur, ₹15 SrINAGAr) l www.indianexpress.com DA I lY F r o M : A h M e DA B A D , C h A N D I GA r h , D e l h I , j A I P u r , ko l k AtA , l u C k N o w , M u M B A I , N AG P u r , PAt N A , P u N e , VA D o DA r A lMera Yuva Bharat, under the Ministry of Youth Affairs & Sports, will organise the ‘Youth for Viksit Bharat – MY Bharat Youth Convention’ in Delhi. It is expected to bring together over 6,000 young participants. Track This and more on www.indianexpress.com CJPfounder Dipkelandsin Delhitoday, policeprepare forprotest Mahender Singh Manral & Jatin anand New Delhi, June 5 Delhi Police has issued a series of instructions to its personnel for the planned protest by supporters of the online satirical platform ‘cockroach Janta Party’ (cJP) at Jantar Mantar on Saturday. The 2,000-odd personnel who will be deployed in the NewDelhidistricthavebeendirected to avoid confrontation with the protesters and to try to keep them calm through persuasion, sources said. The district will be divided into 12 zones, each of which will beheadedbyaDcP-rankofficer. Police will step up deploymentoutsidethehomesofViPs including Prime Minister Narendra Modi, home Minister AmitShah,andeducationMinister Dharmendra Pradhan, »CONtINueD ON PaGe 2 fIIs hOLD rs 3.75 LaKh CrOre, Or 3.34%, Of rs 112 LaKh CrOre GOvt DeBt To draw funds, prop rupee, govt scraps Fii capital gains, withholding tax on bonds Re under pressure, BoP deficit likely to be around $50-60 bn, move expected to result in good foreign fund inflows Siddharth upasani New Delhi, June 5 AMiDPReSSURetoattractforeignfundsandalsostabilisethe rupee, the centre on Friday scrapped the capital gains tax, bothlong-termandshort-term, oninvestmentbyForeigninstitutional investors (Fiis) in government bonds as well as the withholding tax they must pay on their interest income from these debt instruments. At present, Fiis pay 12.5% tax on long-termcapitalgains,30%on short-term capital gains, and around20%withholdingtaxon interest income. The decision, taken after at leasttwomonthsofinternaldiscussions, is expected to bring tens of billions of dollars in foreignfundintogovernmentdebt over the coming years, and bridgetosomeextentthelooming balance of payments (BoP) deficitthateconomistsestimate could even touch $60 billion in 2026-27. in an ordinance promulgated to amend the income Tax Act, 2025, after President »CONtINueD ON PaGe 2 l Foreigninvestmentin FY26 growth estimate raised to 7.7 per cent; momentum strong: PM Siddharth upasani debtpositive,butfalling New Delhi, June 5 l Equity The iNDiAN economy ended 2025-26 on an unexpectedly strong note, with the GDP estimatedtohavegrown7.7%onthe backofhighergrowthininvestments,theMinistryofStatistics and Programme implementation (MoSPi) said on Friday. l Debt (in $ mn) 18,306 124 6,634 1,342 -18,909 2024 2025 -28,202 2026 Note: FPI INVeStMeNt IN DeBt INCluDeS GeNerAl, VoluNtArY reteNtIoN, AND FullY ACCeSSIBle routeS; SourCe: NSDl E. explained Addressing concerns To assuage global investors, the government and the RBI have in unison announced a string of decisions to attract foreign money. In the last couple of years, heavy pullout by FPIs from equities and poor net FDI inflows have exerted pressure on the rupee. GDP growth in the last quarter of the year, or JanuaryMarch 2026, declined slightly to 7.8% from 8% in october-December 2025 — revised upwards from 7.8% — despite the WestAsiawaroverlappingwith the final month. Marginal revisions were also made to the GDP growth Owner of B&B where 21 died was held last yr in fake passport case Police: Bajaj took money to let Bangla nationals use his Delhi home address Mahender Singh Manral & alok Singh The Big PicTure New Delhi, June 5 lAVkeSh BAJAJ, the 60-yearold owner of Flourish Stays B&B in South Delhi’s hauz Rani, where 21 people died in a fire Wednesday morning, was first arrested by Delhi Police last year in a fake passport case involving Bangladeshi nationals in central Delhi. he was chargesheeted in the case and subsequentlygrantedbail,The Indian Express has learnt. A neighbourhood called Hauz Rani PAge 15 Bajaj was arrested Wednesday evening by a team led by Assistant commissioner of Police Ritu Raj. on Thursday, the »CONtINueD ON PaGe 2 »CONtINueD ON PaGe 2 Penguin pulls plug on Joe Sacco’s book on Muzaffarnagar riots RBI eases norms for PSUs, banks to get foreign fund inflows ritu Sarin George Mathew Mumbai, June 5 Joe SAcco, the acclaimed graphic novelist whose illustrated dispatches from Gaza, Palestine,andtheBalkanshave explorednewfacetsinwarjournalism and comics reporting, turned his unflinching eye on india in his latest work, The Once and Future Riot. in 135 »CONtINueD ON PaGe 2 rBi Governor sanjay malhotra in mumbai, Friday. PtI akash Mandal Mumbai, June 5 RBi GoVeRNoR Sanjay MalhotrasaidFridaythatbanksare permitted to provide differential interest rates on deposits in certain cases like senior citizens, but the central bank has very clear policies and conditions for such instances. he saidbanksmustbetransparent by clearly displaying rates to everyone, and offering undisclosed preferential rates is “certainly not acceptable”. “We have a very consistent and very clear policy on deposits,astowhentheycanhave differentialrates.ithinkforcertain categories of people like senior citizens, or depending ontenure…(insuchcases)then youcanhavedifferentialrates,” Malhotra said at the post monetary policy press conference. »CONtINueD ON PaGe 2 Business as Usual By eP UnnY inaccurate map of india, no response to questions on content, claims publisher New Delhi, June 5 To eNcoURAGe foreign capital inflows, the Reserve Bank of indiaonFridayeasednormsfor state-owned enterprises to borrow overseas and for banks to mobilise foreign current deposits.Themovecomplements the government’s decision to Differentialrates ondeposits beyondRBInorms notacceptable, saysGovernor pages, it chronicles the 2013 Muzaffarnagar communal »CONtINueD ON PaGe 2 FINAL TOWER UNVEILING SOON 3 BHK + Study Premium Residences ₹2.00 CR ONWARDS* Limited Period Offer Modular Kitchen | Wardrobe in Every Bedroom | AC in All Bedrooms Avail Inaugural Discount NOW PAY JUST 20% 80% * ON POSSESSION *T&C applied Happening today MARKETED BY REALTORS Rera no:UPRERAAGT000192 LUXURY REDEFINED +91 8010 99 4444