OPINION, P2 MIND & GAMES Who is minding the store? IDEA EXCHANGE HOW TO AGE WELL AND STAY IN YOUR HOME Thomas Isaac Living alone for the elderly can be a tough task. But it can be made easier with organised planning and some renovations to the existing home Page 10 ACROSS THE AISLE, P CHIDAMBARAM Vol XVII No 31 ‘We will not have any alliance with political parties but will adopt tactics not to split votes’ Page 4 LEISURE Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM DRUM STRUCK NEW DELHI SUNDAY, MAY 27, 2018 16 Pages, `10 (Patna `11, Raipur `10) SPOTLIGHT MILK SHAKENUP Organic, adulterant-free milk is all the rage, dairy-free milks have flooded the market, the polypack industry is working on quality assurance after surveys fail samples. We capture the churn in the milk market Page 7 WORDSWORTH VANTAGE POINT A book, supported by data, argues that the world has become a better place than we think Page 5 FINANCIALEXPRESS ON SUNDAY PUBLISHED FROM:AHMEDABAD, BENGALURU, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI, NEW DELHI, PUNE FOUR YEARS OF NDA GOVT People have put seal of approval: PM PTI ● Says govt’s commitment to fight corruption has sent ‘shivers down the spines of many who have come on one platform’ PRESS TRUST OF INDIA Cuttack, May 26 PRIME MINISTER NARENDRA Modi on Saturday said that the NDA government’s commitment to fighting corruption has sent “shivers down the spines of many who have come on one platform”. Addressing a public rally in CuttackattheBaliYatraground onthefourthanniversaryofhis government,Modisaidthatitis movingonthecorrectpathand thepeoplehaveputtheirsealof approval on it. The BJP is in power in 20 states of the country, which shows that the people have endorsed the NDA’s performance in the last four years, he said. “Three thousand raids were conducted by various Prime Minister Narendra Modi at a rally to mark the fourth anniversary of the NDA government in Cuttack on Saturday agencies and undeclared income to the tune of `73,000 crore was unearthed. Tough rules against black money have sent shivers down the spines of manywho have come on one platform,”Modi said in an oblique reference to the opposition parties who are grouping against the NDA. On the fouryear-rule of the NDAgovernment,he said people now believe that the country can change. The country is moving towards“susashan”(good gov- BKC REALTY QuickPicks We do not share user data with third parties, govt: Paytm DIGITAL PAYMENTS company Paytm on Saturday said it does not share data of its users with any third party or government, reports PTI. It added that its policy allows only legally-compliant data requests from the law of the land to get access to data for necessary investigations. Angel investors in start-ups get income tax exemption THE TAX department on Saturday exempted angel investors from income tax on their investments in startups with effect from April 11, reports PTI. The tax concessions are subject to certain conditions laid down by the Department of Industrial Policy and Promotion last month. PAGE 3 ODD & EVEN READ TO LEAD ROHNIT PHORE Premium office buildings see uptick in rentals ROUHAN SHARMA Mumbai, May 26 PREMIUM OFFICE COMPLEXES in Mumbai’s Bandra Kurla Complex (BKC) are finally seeing an uptick in rentals even as ratesinmostotherofficebuildingsinthecentralbusinessdistrict (CBD) are stagnant at `200-220 per sq ft. Property consultantsKnightFrankIndia has estimated that top buildings such as MakerMaxityand TCG have seen a 5-10% increaseinrentalsto`300-350 persqft from`270-310persq ft about a year ago. While rents had fallen by half from `400-425 per sq ft five-six years back, experts say over the past few quarters, therehasbeenarenewedinterest forpremium spaces.Rajesh Prasad,executivedirector,advisory and transaction services, India, CBRE South Asia, says, “Rentals are firming up for prime buildings in BKC.At the same time, the next tier of ■ Rentals rise 5-10% only for premium office buildings in BKC ■ Demand unable to keep pace with supply ■ No new supply expected in next 4-5 years ■ Overall vacancies at 30-35% as compared with 14-15% vacancies in premium buildings buildingscontinuetofacepressure on rentals leading to developers willing to structure attractive rental deals.” Continued on Page 11 Milking the opportunities In recent times, value-added dairy products have been gaining traction among customers due to apparent changes in demographic and dietary patterns MEGHNA SHARMA Mumbai, May 26 tary business to the highly seasonalicecreamspace.However, wereceivedimmediatetraction and strong consumer interest,” saysRohanMirchandani,CEO& co-founder,Drums Food International, makers of Epigamia, whileaddingthatthereasonfor this success is that today’s consumerisdiscerningwithhis/her choices, especially when it comes to food. THE INDIAN DAIRY industry isatthetipofanothermajorrevolution. The overall dairy market, currentlyvaluedat`5trillionas perEdelweissSecurities,ispushingtochangefromjustplainliquidmilktoaVADP(valueadded dairy products) market and from unorganised and local to more of a structured and branded market. Contrary to popular belief, Indian consumers today are far more value-conscious than pricesensitive.Theyvaluesuperior taste, the power of real ingredients and a strong health proposition. Adapting to this Drum-focused music circles are encouraging people to relieve their stress through hand percussion instruments Page 9 Continued on Page 11 currenttrendhasledtheindustry to grow and reach out to the newage populace. The premium dairyproduct market currently holds a share of8-10%oftheorganiseddairy industryandisexpectedtogrow at a pace of 6-8% year-on-year; and reach a market share of up to 20% by2021,as perreports. “We originally launched Greek yogurt as a complemen- ON TUESDAY ‘YET ANOTHER WHITE REVOLUTION’ ernance) from“kusashan”(bad governance) and towards “jan dhan” (public money) from “kala dhan”(black money). “The people can now see that the NDA government is workingwith the motto‘sabka sath,sabka vikash,’”he said. Noting that the NDA government is not afraid of taking tough decisions, Modi said that it is not a government of confusion. “It is a government of commitment and it has the strength to go for surgical strike,”he said. Attacking the Congress, he said, “It has always bothered about power.” Meanwhile in the national capital, BJP president Amit Shah addressed a press conference to reel out figures to highlight the government’s achievements. He claimed that Modi has been working to remove corruption and poverty while accusing the opposition of having a single-point ‘Modi hatao’(remove Modi) agenda. Projecting Modi as the “most popular and most hardworking prime minister with unending energy”, Shah said he replaced the UPA’s “policy paralysis” with a “policy-driven”governmentworking for the poor and an improved economy. ‘Modi offers scam-free, decisive governance’ FE BUREAU New Delhi, May 26 UNION MINISTERARUNJAITLEY on Saturday lauded his government’s performance,saying the last four years have witnessed a marked shift from the UPA’s indecisivenessandcorruptionto PrimeMinisterNarendraModi’s decisive and scam-free governance that has transformed the economy from being a part of the “fragile five” to the “bright spot”on the global stage. In a Facebook post, Jaitley termed the federal front a “failed idea” that has never givengoodgovernanceandsaid “the political agenda for the debate this year appropriately will be ‘Modi versus an anarchist combination’”.He said the NDA’s focus during the fifth yearwill be on consolidation of the steps taken in the past.Jaitleyis recuperating from kidney ailments and, in his absence, Piyush Goyal is the interim finance minister. “India has transformed from being a part of the‘fragile five’ to the ‘bright spot’ on the global economic scene. A regime of policy paralysis has A regime of policy paralysis (under UPA) transformed into one of decisions and actions... Leaders of the industry are no longer seen repeatedly visiting the South Block, the North Block or the Udyog Bhawan. Environmental clearance files don't pile up. BINANI CEMENT Dalmia Bharat again moves apex court on NCLAT order MITHUN DASGUPTA & INDU BHAN Kolkata/New Delhi, May 26 WHILE THE COMMITTEE of been transformed into one of decisions and actions. India, which was on the verge of becoming a ‘basket case’ has today been transformed into thefastestgrowingmajoreconomyin theworld and is likelyto hold that position in the years to come,”Jaitley said. creditors (CoC) of Binani Cementisexpectedtoconsider a revised offer from UltraTech Cement along with the company’s resolution plan for the debt-laden cement maker on Monday, rival Dalmia Bharatcontrolled Rajputana Properties has again moved the SupremeCourt,challengingan orderoftheNationalCompany Law Appellate Tribunal (NCLAT) in this case. Filing a petition in the apex courtonFriday,RajputanaProperties (RPPL) is understood to have challenged the appellate tribunal’s order,which had laid out the procedure for conducting the resolution process to be followed by the resolution professional(RP),VijaykumarVIyer, and the committee of creditors of the bankrupt cement maker. PassinganorderonMay15, theNCLAThadsaid,“...whilewe direct the resolution professional not to take any commentfromoneorotherresolution applicant (s), if such step has been taken be ignored.” Continued on Page 11 Continued on Page 11 — ARUN JAITLEY UNION MINISTER
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