OPINION, P2 IDEA EXCHANGE ‘Can’t have Opp without Cong… TMC, SP, NCP must come together, let go of egos... It’s late, we must work on a strategy’ Page 9 Pandemic: Beyond the economy FE LINES Studies show that dogs are born ready to communicate with humans Page 6 TEJASHWI YADAV ACROSS THE AISLE , P CHIDAMBARAM Best friend furrever SPOTLIGHT Follow us on Twitter & Facebook. App available on App Store & Play Store WWW.FINANCIALEXPRESS.COM VOL. XX NO. 40 THE HUMANTIDE FINANCIAL EXPRESS ON SUNDAY NEW DELHI SUNDAY, AUGUST 8, 2021, 18 PAGES, `10 (PATNA `10, RAIPUR `10) P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , It is said awareness, education & jobs among females is affecting population. But is that really the case? Page 5 READ TO LEAD H Y D E R A B A D , K O C H I , K O L K A T A , L U C K N O W , M U M B A I , N E W D E L H I , P U N E CHOPRA STRIKES GOLD Makes history with first win for India in athletics; Tokyo Olympics country’s best ever with 7 medals Punia wins bronze in Olympic debut MIHIR VASAVDA Tokyo, August 7 NEERAJ CHOPRA DIDN’T even give it a second glance. Themomenthereleasedthe javelin,hewassosureitwouldat leastbehispersonalbestthathe turnedtohiscoaches,andlifted his arms to celebrate. But Choprawaswrong.Itwasn’t his personal best.The throw,which travelled87.58m,madehiman Olympic champion. For100years,Indianathleticshasonlybeenaboutstoriesof near-misses, shattered dreams and enduring heartbreaks. Whenthetimefinallycame—at 9.07pm,onamuggyeveningat Tokyo’sNationalStadium—the sport struck gold. Chopra’smedal,whichcame a little more than an hour after wrestler Bajrang Punia won a bronzeinthe65kgweightclass, also ensured India’s Olympic sojournended on a high. Tokyo 2020 will go down as the country’s most successful campaign,with a total of seven medals,includingonegold,two silverand fourbronze. The glitter of the javelin gold, India’s first since Abhinav Bindra became an Olympic champion at the 2008 Beijing Games, will endure forlong.Chopra didn’t just finish on top of the podium Saturdaynight.He did it with such ease, such dominance that it was very uncharacteristicallyIndian,especially in a sport like athletics where the country’s athletes have notoriously underperformed. PRESS TRUST OF INDIA Chiba (Japan), August 7 HE DID NOT live up to the sky- Neeraj Chopra is all smiles showing off his gold medal after winning the men's javelin throw at the 2020 Summer Olympics in Tokyo on Saturday —PTI Itwaspoeticinawaythaton the morning Chopra won the elusive medal, an Indian athlete fell agonisingly short of a Narendra Modi @narendramodi What Neeraj Chopra has achieved today will be remembered forever ‘I DEDICATE MY GOLD MEDALTO MILKHA SINGH SIR. THEN, TO SO MANY OTHERS WHO CAME CLOSE, INCLUDING PT USHA MA’AM’ NEERAJ CHOPRAAFTER WINNING ishedfourth,joiningtheheartbreak club that has some of the country’s illustrious athletes. Chopra dedicated his PM-KISAN WHAT'S INSIDE podium finish in golf. Aditi Ashok showed incredible grit and focus to remain in contentiontilltheveryendbutfin- REALTY TREND 9.75 crore farmers to get over `19,500 cr FE BUREAU New Delhi, August 7 ■ LEISURE, P7 Colour rush Be it McDonald’s iconic red-and-yellow signage or Facebook’s blue hues, the use of colour is critical in advertising as it’s the first thing that catches a consumer’s eye ■ WORDS WORTH, P4 Business with a heart An excerpt throws light on how business goals could be leaning more toward human good ODD & EVEN ROHNIT PHORE THECENTREIS allsettotransfer over `19,500 crore to the bank accounts of more than 9.75 crore land-owning farmers under the income support scheme‘Pradhan Mantri Kisan Samman Nidhi’ (PM-Kisan) on Monday.More than `1.38 lakh crorehassofarbeentransferred tofarmers’bankaccountsunder theschemesinceitslaunchtwo years ago. Though the total number of farmers registered under the schemehascrossed12crore,the Centre has accepted data of about 10 crore only afterweedingoutineligiblecultivatorsand enforcing mandatory Aadhaar authentication. After releasing the support to 9.75 crore farmers, there could be 25 lakh more growers towhomtheCentremighthave to release the instalment by November,sourcessaid.Thelast tranche of the transfer on May 14 saw `20,667 crore being deposited in the bank accounts of over 9.5 crore farmers. As many as 40 lakh farmers have got more than one instalment. The PM-Kisan scheme, launched in February 2019 (madeeffectivefromDecember 2018)togiveincomesupportto farmers, cost the exchequer about `1,241 crore in FY19, `48,714 crore in FY20 and `65,000crorein(RE)FY21.The finance minister has kept the allocation unchanged at `65,000 crore forFY22. Under the scheme, each land-owning farmer is entitled toget`6,000everyyearinthree equal instalments of `2,000 each as direct income support. Continued on Page 11 medal to all of them, but first and foremost to the legendary Milkha Singh, who recently passed away due to Covid-19 Home buyers now look beyond metros RISHI RANJAN KALA New Delhi, August 7 Home sweet home PROMINENT REAL ESTATE developersarefirmingupplans tolaunchresidentialprojectsof around92.5millionsqft(MSF) in the next two fiscal years across the top seven markets as well as in tier-II and -III towns, with the country’s IT capital Bengaluru emerging as a preferred choice. As Covid rejigged personal andprofessionalpriorities,particularly among the migrant workforce, many professionals haveeitherinvestedorareplanning to invest in their dream home. Data compiled by Anarock Property Consultants revealed that leading listed players were now increasingly focusingonexpansionintotierII and -III towns. “Listed players now have theircrosshairstrainedontierII and -III cities. For instance, Bengaluru-based Puravankara At least 70-75% (64.75-69.40 MSF) of new supply may be launched in FY22 In FY21, the total new launches by the top 7 listed players rose 11% Y-o-Y — from 28.3 MSF in FY20 to about 31.37 MSF in FY21 The firms cumulatively sold 32.61 MSF of housing in FY21 despite the pandemic, 7% growth over FY2020, when about 30.45 MSF area was sold and Sobha will expand into Kochi, Coimbatore, GIFT City, Hosur, Thrissur and Thiruvananthapuram,”Anarock said in a report. Continued on Page 11 related complications.“First of all,I dedicate mygold medal to Milkha Singh Sir. He had longed to see this day and I hope he had been watching this from the heavens,”Chopra said.“Then, to so many others who came close, including PT Usha ma’am.This medal is also for all of them.” Continued on Page 11 high expectations but India’s Bajrang Puniawill return from Tokyo with a bronze medal on Olympic debut after outwitting Daulet Niyazbekov in the men’sfreestyle65kgplayoffin Chiba on Saturday. If his defence let him down in the semifinal against Hazi Aliev, Bajrang’s smart attacking moves made him a 8-0winner against Kazakhstan’s Niyazbekov, to whom he had lost in the semifinals of the 2019 World Championship. Themedal-winningperformance saved 27-year-old Bajrang and the Indian wrestling contingent from embarrassment since the wrestlers had entered Tokyo with high expectations. After medalfavourite Vinesh Phogat’s shock quarterfinal exit and Bajrang’sbelowparshowinthe first three matches, a pall of gloom had descended on the Indian wrestling contingent. However, the three-time medallist at world championships rose to the occasion with a comfortable win. Aware of the weight of expectations he was carrying, Bajrang knows this is not a result that would give him sat- Bajrang Punia on the podium with his medal PHOTO: PTI isfaction.“I am not happy.This is not the result I had set out to achieve. Winning an Olympic medalisnomeanachievement but I can’t jump with joy with bronze,”Bajrang said. The Haryana grappler said the knee injury he suffered in runuptotheGamesdidimpact his performance. COVID VACCINE J&J gets emergency use nod FE BUREAU Pune, August 7 One-shot fight JOHNSON & JOHNSON'S (J&J) single-dose Covid-19 vaccine was on Saturday granted approval for emergency use in India."India expands its vaccine basket.Johnson and Johnson's single-dose Covid-19 vaccine is given approval for Emergency Use in India," health minister Mansukh Mandaviya tweeted on Saturday. This is the fifth Covid-19 vaccine to be given emergency use approval in India and would further boost the nation'scollectivefightagainst Covid-19,the minister said. J&J had a week ago withdrawn its application for carrying out phase-3 clinical trials in India foritsvaccine.This was after the Indian governmentwaived this requirement for vaccines that had approvals from regulatory bodies in the US, UK, Europe and Japan. This was done to fast-track thevaccine approval ■ The J&J Covid-19 single-dose vaccine has to be stored at 2-8°C ■ This is the fifth Covid-19 vaccine to be given emergency use approval in India ■ The country already has four vaccines approved so far, including Serum Institute of India's Covishield, Bharat Biotech's Covaxin, Russia's Sputnik V and Moderna process in the country and accelerate vaccination. Thecountryalreadyhasfour vaccines approved so far, including Serum Institute of India’s Covishield, Bharat Biotech’s Covaxin, Russia’s Sputnik V and Moderna, makingJ&Jthefifthone.Modernais yet to launch their vaccine in India.In India,J&J have a tie up withBiologicalEfortechnology transferandmanufacturingthe Moderna is yet to launch their vaccine in India In India, J&J have a tie up with Biological E for technology transfer and manufacturing the vax Covid-19vaccine in India. J&J had been given emergency use authorisation by the US FDA in February this year. J&H also has Conditional Marketing Authorisation Application from the European Commission and got an Emergency Use Listing from the World Health Organization for its Covid-19vaccine. Continued on Page 11 Hyundai leads where it matters most: SUV sales ● The Korean firm sold more SUVs in H1CY21 than Maruti’s SUVs and MUVs put together MOTOR H1CY21 Maruti Suzuki (in units) Monthly average 1,23,168 20,528 Hyundai India 1,27,173 21,196 Source: SIAM VIKRAM CHAUDHARY New Delhi, August 7 HYUNDAI Utility vehicle sales INDIA (HMIL) has emerged as the leader in the sports utility vehicle (SUV) segment, beat- ing rivals. The SUV segment retails the largest number of vehicles within the passenger vehicle segment and has become crucial for all car manufacturers, who are increasing their portfolio in the segment with either new launches or new variants of existing models. In January-June 2021, the country’s largest passenger vehicle manufacturer,Maruti Suzuki India sold 1,23,168 UVs (SUVs plus multi-utility vehicles) in India, at an average monthly rate of 20,528 units. In the same period, Hyundai sold 1,27,173 SUVs (21,196 units per month), as per sales data by the Society of Indian Automobile Manufacturers (Siam). While Maruti Suzuki has three SUVs (Gypsy,S-Cross and Vitara Brezza) and two MUVs (Ertiga and XL6) in its portfolio, Hyundai sells four SUV models (Venue, Creta, Alcazar New Delhi and Tucson) and currently doesn’t have an MUV. The share of SUVs within the PV segment has been rising over the years. Industry sources say while in CY15 SUVs contributed 13.5% to PV sales, in CY19 this rose to 25.6%, 29% in CY20, and about 35% in H1CY21. “In CY20, Hyundai sold 15,000 SUVs per month, but in H1CY21 we have been able to raise it to 21,196 SUVs per month,” Tarun Garg, director, sales & marketing, Hyundai Motor India,told FE. Continued on Page 11
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