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What About Cushioning the Impact of Demonetisation? DIGITAL EDITION S BUREAUCRACY VASUNDHARA RAJE SMART MONEY FACING THE PMO TEST CRUSADE ON CORRUPTIONG-SHOT: THE NEWHOME TRUTHS CLIFFHANGER IN UTTAR PRADESH ORGASM JAB FOR WOMEN ` www.indiatoday.in FEBRUARY JULY13, 2017 4, 2016 `60 50 ww w.indiatoday.in FREE WITH YOUR DIGITAL EDITION 9 770254 839909 97 70 25 48 39 90 9 Not for sale. To be circulatedFEBRUARY free with 2017 India Today in Punjab and Chandigarh FEBRUARY 2017 FEBRUARY 2017 A MONTHLY MAGAZINE A MONTHLY CITY MAGAZINE TRAVEL AND FOOD SPECIAL THE THE FINE ART OF FUSION DESIGN Michelin star Vineet Bhatia’s journey charts the global evolution of Indian food FILE YOUR GUIDE TO THE COOLEST HOME TRENDS REGISTERED NO. DL(ND)-11/6068/15-17; U(C)-88/15-17; FARIDABAD/05/17-19 LICENSED TO POST WITHOUT PREPAYMENT DL(ND)-11/6068/15-17; U(C)-88/15-17; FARIDABAD/05/17-19 REGISTERED NO. THE BIG REGISTERED NO. DL(ND)-11/6068/15-17; U(C)-88/15-17; FARIDABAD/05/14-16 LICENSED TO PO TO LICENSED FARIDABAD/05/14-16 U(C)-88/15-17; DL(ND)-11/6068/15-17; NO. REGISTERED . AMANAT GREWAL, INTERIOR DESIGNER *Not for sale. To be *Not for sale. To Hyderabad and Chandigrah VINEET BHATIA, CHEF AND Different RESTAURATEUR, Kolkata, Kolkata, LONDON EXPERIMENTAL ARTIST SURAJ Strokes STEPHEN D’SOUZA THE CITY’S MOST PROMISING ARTISTS RNI No. DELENG / 2005 19858 circulated free with India Today in Mumbai, Delhi & NCR, in Mumbai, Delhi & NCR, circulated free with India Today Chennai, Bangalore, RNI NO. DELENG / 2005 15332 RNI NO. BLAST 13, 2017”. issue dated February “Supplement to India Today WILL IT BRING GROWTH AND JOBS? BUDGET 2017 RNI NO. 28587/75 RNI NO. RNI NO. 28587/75 NO. RNI BHARAT FIRST Modi bets big on the small. Will it work? EXCLUSIVE MULTIMEDIA CONTENT ONLY FOR IPAD Defence MMRCA REDUX cover Story BETTING ON BHARAT cover Story WHAT IS THE BEST/ WORST THING ABOUT THIS BUDGET? cover Story A FINE BALANCE StAteS UNEASY LIES THE HEAD StAteS UNCERTAIN FUTURE SUrvey | ASSeMBLy PoLLS CLIFFHANGER IN UP UPfront FEELING THE HEAT EXCLUSIVE Politoons by india today GrouP #BharatBudget SUBSCRIBE NOW www.indiatoday.in/digitalmagazines www.indiatoday.in FROM THE EDITOR-IN-CHIEF: Aroon Purie GROUP CHIEF EXECUTIVE OFFICER: Ashish Bagga GROUP EDITORIAL DIRECTOR: Raj Chengappa EDITOR-IN-CHIEF EDITORS: Kaveree Bamzai (Special Projects), Ajit Kumar Jha (Research) GROUP CREATIVE EDITOR: Nilanjan Das; GROUP PHOTO EDITOR: Bandeep Singh MANAGING EDITORS: Kai Jabir Friese, Rajesh Jha EXECUTIVE EDITORS: Damayanti Datta, S. Sahaya Ranjit, fter the audacious demonetisa- Sandeep Unnithan DEPUTY EDITORS: Prachi Bhuchar, Uday Mahurkar, Manisha Saroop tion, I was hoping the government MUMBAI: M.G. Arun HYDERABAD: Amarnath K. Menon CHANDIGARH: Asit Jolly was in the mood for some more SENIOR EDITORS: Shweta Punj, Sasi Nair, JAIPUR: Rohit Parihar A SENIOR ASSOCIATE EDITORS: Kaushik Deka, Ashish Mukherjee audacity in the budget. Sadly, it was not to MUMBAI: Suhani Singh, Kiran Dinkar Tare; PATNA: Amitabh Srivastava ASSOCIATE EDITORS: Shougat Dasgupta, Chinki Sinha be. Not that it was a bad budget. It was a KOLKATA: Romita Sengupta; BHOPAL: Rahul Noronha; Our March 14, 2016 cover THIRUVANANTHAPURAM: Jeemon Jacob; BEIJING: Ananth Krishnan good one, but it didn’t satisfy my own zeal ASSISTANT EDITOR: PUNE: Aditi S. Pai for more radical change. Finance Minis- CHIEF COPY EDITOR: Aditya Mohan Wig PHOTO DEPARTMENT: Vikram Sharma (Deputy Photo Editor), ter Arun Jaitley was like a good schoolboy comprise 37 per cent of the GDP. Rajwant Singh Rawat (Principal Photographer), Kekhriezhazo Miachie-O (Senior Photographer), Chandra Deep who does a fine balancing act to keep But I liked that the government kept Kumar (Photographer); MUMBAI: Mandar Suresh Deodhar (Chief Photographer), Danesh Adil Jassawala (Photographer); the teachers happy and also be the most to the high moral ground by con tinuing AHMEDABAD: Shailesh B Raval (Principal Photographer); popular boy in school. The economists the black money purge, putting limits KOLKATA: Subir Halder (Principal Photographer); CHENNAI: N.G. Jaison (Senior Photographer) were ecstatic that he maintained fiscal on transactions, cash donations to char- PHOTO RESEARCHERS: Prabhakar Tiwari (Chief Photo Researcher), Saloni Vaid (Principal Photo Researcher), prudence, even while increasing capital ities and political parties, rationalising Shubhrojit Brahma (Assistant Photo Researcher) CHIEF OF GRAPHICS: Tanmoy Chakraborty expenditure on infrastructure by 25 per real estate capital gains measurement ART DEPARTMENT: Sanjay Piplani (Senior Art Director); cent. He pleased the masses with a com- and ways to promote digital transacti- Jyoti K. Singh, Anirban Ghosh (Art Director), Vikas Verma, Rahul Sharma, Vipin Gupta (Associate Art Director); bination of tax cuts and higher spending, ons. Despite major state elections Bhoomesh Dutt Sharma (Senior Designer) PRODUCTION DEPARTMENT: Harish Agarwal (Chief of Production), particularly in transport and rural infra- this year, the Centre has resisted the Naveen Gupta (Chief Coordinator), Vijay Kumar Sharma (Senior Coordinator) structure, which should have a healthy temptation to go in for populist schemes PUBLISHING DIRECTOR: Manoj Sharma multiplier effect and spur consumption. and freebie announcements, which is ASSOCIATE PUBLISHER: Anil Fernandes (Impact) The cut in personal income tax rate from commendable. Our cover story analyses IMPACT TEAM Senior General Manager: Jitender Lad (West) 10 per cent to 5 per cent in the lowest tax the budget in detail and includes an General Manager: Mayur Rastogi (North), Upendra Singh (Bangalore), Velu Subramaniam (Chennai), slab will raise disposable incomes, while assessment from top experts, who echo Kaushiky Chakraborty (East) a record budget allocation to MNREGA many of these views. GROUP CHIEF MARKETING OFFICER: Vivek Malhotra Assistant General Manager: Garima Prashar (Marketing) (Rs 48,000 crore) will put more money in All this is good economics and on SALES AND OPERATIONS: D.V.S. Rama Rao, Chief General Manager Deepak Bhatt, General Manager (National Sales) people’s hands. Higher investment in the pre dictable lines. But it does not tackle Vipin Bagga, Deputy General Manager (Operations) Manish Kumar Srivastava, Regional Sales Manager (North) transport sector and rural housing, where the structural problems of the economy. Rajeev Gandhi, Regional Sales Manager (West) Arokia Raj L., Regional Sales Manager (South) 10 million houses have been promised How many budgets have we seen packed by 2019, with the Pradhan Mantri Awas with scheme after scheme for farmers, Yojana allocation pegged at Rs 23,000 and yet still reliant on a good monsoon to crore, indicates that the government has bail out the economy? Every year, we see Volume XLII Number 7; For the week bet big on Bharat. One figure says it all: in farmer suicides across the country. The February 7-13, 2017, published on every Friday this budget, agriculture and allied sectors reason, I believe, is that we don’t bother G Editorial Office Living Media India Ltd., India Today Group Mediaplex, FC-8, Sector-16A, Film City, Noida - 201301; Phone: 0120-4807100 get a whopping Rs 1.87 lakh crore, 24 per to fix the rotten pipeline to deliver these G Sub scriptions: For assistance contact Customer Care India Today Group, B-45, Sector-57, Noida (UP)-201301; Phones: Toll-free number: 1800 1800 100 (from cent higher than last year (over budget goods and services to the people. In fact, BSNL/MTNL lines); (95120) 2479900 from Delhi and Faridabad; (0120) 2479900 from Rest of India (Monday-Friday, 10 a.m.-6 p.m.); Fax: (0120) 4078080; estimates). Among the many things this we continue to make it bigger. There Mumbai: 022-66063411/3412, Kolkata: 033-40525327, Chennai: 044-24303200; e-mail: [email protected] allocation does is address problems of was no attempt to rationalise subsidies G Sales: Direct all trade enquiries to General Manager (Sales), Living Media India Limited, B-45, Sector 57, Noida-201301 (UP) G Regd. Office: K-9 Con naught Circus, New Delhi-110001 farmers by putting in Rs 40,000 crore on food and fertiliser, which take away G Impact Offices: 1201, 12th Floor, Tower 2 A, One Indiabulls Centre, (Jupiter Mills), S.B. Marg, Lower Parel (West), Mumbai-400013; Phone: 66063355; into irrigation and crop insurance. Rs 2.15 lakh crore and are prone to high Fax: 66063226 G E-1, Ground Floor, Videocon Towers, Jhandewalan Extn, New Delhi G Guna Complex, 5th Floor, Main Building, No.443, Anna Salai, Finally, the government is focusing on leakages. There is a faint-hearted ap- Chennai-600018; Phone: 2847 8525 G 201-204 Richmond Towers, 2nd Floor, 12, Richmond Road, Bangalore-560025; Phones: 22212448, 22213037, labour-intensive industries instead of the proach to solving the problem of NPAs 22218343; Fax: 22218335; G 52, Jawaharlal Nehru Road, 4th Floor, Kolkata-700071; Phones: 22825398; Fax: 22827254; G 6-3-885/7/B, Somajiguda, much-touted Make in India campaign of PSU banks and similarly lackadaisi- Hyderabad-500082; Phone: 23401657, 23400479, 23410100, 23402481, 23410982, 23411498; Fax: 23403484 G 39/1045, Karakkatt Road, Kochi 682016; which has yielded precious few jobs. The cal efforts at disinvesting in PSUs. If Phones: 2377057, 2377058 ; Fax: 2377059 G 2/C, “Suryarath Bldg”, 2nd Floor, Behind White House, Panchwati, Office C.G. Road, Ahmedabad-380006; Phone: finance minister cleverly assuaged one of the fervour for radical reform stays with 26560393, 26560929; Fax: 26565293 G Copyright Living Media India Ltd. All rights reserved throughout the world. Reproduction in any manner is prohibited. the BJP’s major constituencies, the micro, Prime Minister Narendra Modi for the Printed and published by Manoj Sharma on behalf of Living Media India Limited. Printed at Thomson Press India Limited, small and medium enterprises (MSMEs), remainder of his term, there is still a lot 18-35 Milestone, Delhi Mathura Road, Faridabad-121007, (Haryana) and at A-9, In dustrial Complex, Maraimalai Nagar, District by reducing taxes.
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