OPINION, P2 IDEA EXCHANGE MIND & GAMES Good doctor, bad patient THE NEXT BIG VOLCANO COULD BRIEFLY COOL EARTH Sachin Pilot By studying the natural effects of a large volcanic eruption, scientists could learn about how we might deliberately cool the planet in the future Page 10 ACROSS THE AISLE, P CHIDAMBARAM Vol XVII No 15 ‘Unless we win states we won’t be in a strong position for 2019... We have to win states’ Page 4 Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM LEISURE JEET THAYIL NEW DELHI SUNDAY, FEBRUARY 4, 2018 22 Pages, `8 (Patna `11, Raipur `10) FINANCIALEXPRESS ON SUNDAY PUBLISHED FROM:AHMEDABAD, BENGALURU, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI, NEW DELHI, PUNE ACT EAST POLICY NE crucial for India’s growth story: Modi ● Says region key to connect with ASEAN countries SPOTLIGHT LIVE & KICKING Entertainment that is live and interactive will always be cherished. Fortunately, a plethora of venues for artistes, be it theatres, stadiums or even restaurants and bars, are giving the much-needed push to live entertainment Page 7 Assam chief minister Sarbananda Sonowal felicitates Prime Minister Narendra Modi during the Global Investors’ Summit in Guwahati on Saturday. Commerce minister Suresh Prabhu and Bhutan PM Tshering Tobgay are also seen DASARATH DEKA PRESS TRUST OF INDIA Guwahati, February 3 HIGHLIGHTING “PATH BREAKING” economic reforms under- WORDSWORTH JUST WHITE NOISE Fire and Fury: Inside the Trump White House, Michael Wolff’s account of what goes on inside the White House, may be plausible, but never gives the impression of being right; it’s just well-crafted with the help of a libel lawyer takenbyhisgovernment,Prime MinisterNarendraModisaidon Saturday that India’s growth story will pick up more speed when there is an all-round development of the northeast. Inaugurating the two-day ‘Global Investors Summit’ hostedbyAssam,hestressedon the importance of the‘Act East Policy’ for the Centre’s aim of achieving balanced and fastpaced growth of the northeasternregion.“Wehavecreatedthe ActEastPolicyandthenortheast is at the heart of it.The Act East Policy requires increased people-to-peoplecontact,tradeties and other relations with countriesonIndia’seast,particularly ASEAN countries,” he said. The PM said India today is ODD & EVEN The PM said India is the most preferred investment destination in the world today the most preferred investment destination in the world with thehighestFDIlastfiscalat$60 billion, and highlighted the country’s improved credit rating,lowinflationrateandopening ofvarious sectors to foreign direct investment.“The world seesIndiatodayasanemerging powerhouse for economic growth,” he said. Modi said his government has changed the work culture of the official machinery, giving it greater speed, and “we want all projects to be completed before target”. Pointing to initiatives announced in the Budget on health insurance and free cooking gas connecROHNIT PHORE Women’s safety takes front seat for brands Brands have an opportunity to address concerns regarding women SHINMIN BALI Mumbai, February 3 ADVERTISING IS CONSIDERED tions for the poor and transparency in tax regime, he said all the schemes of the Union government are oriented towardsbringingaboutaqualitativechangeinthelivesofthe people. The aim is to improve “ease of living”, he said. It is a result of these reforms that India today ranks 100 among 190 countries in the Doing Business Report of the World Bank,Modi said. “Our policies have ensured that inflation remains below the 5% mark.We have foreign exchange reserves of $418 billion. Many new sectors have been opened for 100% FDI through automatic route, including automobiles, textiles, tourism, ports and highways,”he said. Continued on Page 11 1,500-km pipeline to supply gas to NE states: Pradhan, P3 QuickPicks China foreign minister on India ties Page 5 a reflection of society,which is currently undergoing a transformation. Unsurprisingly, femvertisingisontherise.Generally progressive by nature, it has become an umbrella term for brands communicating pro-female depiction of women’s issues, one of which is women’s safety, again a reflection of the real-life environment. Where Havells looked at the issuewiththeshopkeeperhelping a woman stay safe in the Saree Shop ad film,Reebok had READ TO LEAD ‘It’s a vital time to be a writer; good and evil are very clear’ Page 9 ON TUESDAY ‘TAKING THE ‘SAFE’ ROUTE’ Kangana Ranaut play the inspiring narrator who talks of howwomen are capable of protecting themselves by staying fit and confident, with the #GirlsDon’tFight commercials. Then there are others likeTitan Company, which actually launchedproductswithasafety feature embedded in them. In December 2016, Titan launchedasafetywatch,Sonata ACT (an app-enabled coordinates tracker), priced under `3,000.SuparnaMitra,chief marketing officer, watches and accessories, Titan Company, said, “Postlaunch, we saw a healthy growth in most of our brand metrics as well, especially our share of preference, which grew by five percentage points on the basis of just this one campaign.” Continued on Page 11 CHINAALWAYS values the good neighbourliness and friendship with India, but it is also firm on upholding its "sovereign rights", interests and territorial integrity, Chinese foreign minister Wang Yi said on Saturday, reports PTI. Beijing handled the Dokalam standoff with "restraint", showing the "emphasis" it places on ties with New Delhi, he said. Yi, in an article in the Chinese International Studies journal, touched on China's relations with major countries and its diplomatic initiatives last year. Page 11 Union Bank reports `1,250-cr loss FRONT-LOADING OF provisions for the NCLT accounts led to state-run Union Bank of India on Saturday reporting a net loss of `1,250 crore in the December quarter, against a net profit of `104 crore a year ago, reports PTI. In the September quarter also, the lender had reported a massive `1,531 crore loss. The bank's bad loan provisions for the quarter jumped to `2,521 crore from `1,582 crore a year ago, as its gross NPAs rose to 13.03% from 11.70%. Page 3 Assam gets `65,186-cr investment PRESS TRUST OF INDIA Guwahati, February 3 THE INAUGURAL DAY of the first-ever Global Investors’ Summit in Assam saw signing of as many as 176 initial pacts in a range of sectors with investment commitments worth `65,186 crore, an official said. Leading from the front, public sector oil behemoth ONGC committed `13,000 crore investment in the state, said a spokesperson. Another oil PSU, Oil India, pledged an investment of `10,000crore,theofficialsaid. Oil India chairman and MD UtpalBorasaidthecompanyhas signed a memorandum of understanding (MoU) with Assam Petrochemicals and the Assamgovernment.“Wearealso signing an MoU to form a joint venture company with IOC, ONGC,NRL and GAIL.This is to connect all the northeastern state capitalswith gas pipelines from Guwahati,” he added. Two more oil firms, Indian Oil Corporation (IOC) and Numaligarh Refinery (NRL), also evinced interest to invest `3,432 crore and `3,410 crore, respectively, the spokesperson said. Continued on Page 11 Related reports on Page 3 Under-19 cricket world champs Indian players celebrate with the trophy after winning the ICC Under-19 Cricket World Cup final in New Zealand on Saturday. India beat Australia by eight wickets to win a record fourth U-19 title. Reports on Page 18 PTI Sentiment index for MSEs launched FE BUREAU New Delhi, February 3 MICRO, SMALL AND medium enterprises (MSMEs) will be at the forefront of leading the consolidation of the economy aftermajorstructural changes likedemonetisation and introduction of the Goods and Services Tax (GST), which were carried out in the last two MSMEs to lead consolidation phase of economy: Jaitley years, finance minister Arun Jaitley said on Saturday. He was speaking at the launch of “CriSidEx”, a sentiment index for micro and small enterprises, developed jointly by Crisil and government-controlled Small Industries Development Bank of India (Sidbi). The index is a composite index based on a diffusion index of eight parameters, and measures MSE business sentiment on a scale of 0 (extremely negative) to 200 (extremely positive). Continued on Page 11
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