In Wednesday's South Asia papers

26 December 2007 04:16  [Source: ICIS news]

MUMBAI (ICIS news)--These were the top stories at 4:00GMT in the following South Asia newspapers’ online versions on Wednesday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:




Front Page


Probe finds Raghuvansh kin guilty

Brushing aside Union minister Raghuvansh Prasad Singh's protestations that his brother didn't employ children to plough his fields, Bihar labour commissioner has reported to the state government that the kids were indeed used for oxen's work.


Bollywood producer G P Sippy dies after prolonged illness

Noted Bollywood producer G P Sippy of 'Sholay' fame died here on Tuesday night after prolonged illness, family sources said. 




Exporters may get more sops to beat Re blues

The government may extend further relief to exchange rate-hit exporters and come out with another package after receiving recommendations of the Rangarajan Committee, which is looking into the problems relating to an incessant appreciation of rupee. 


FIIs on year-end selling spree

Retail investors are now emerging as important players in the equity markets, supporting BSE sensex to remain in the range of 19,000 to 20,000 points, despite foreign institutional investors (FIIs) preferring to sell out.


THE ECONOMIC TIMES                                                                                               


Front Page


Sensex now leads tango with Dow

There’s a twist in the decoupling tale. The notion that the Indian stock market is getting delinked from the US markets has been a subject of debate for the past few months. But an ET analysis of the directional movement of Dow Jones Industrial Average and Sensex reveals an intriguing trend. 


India Inc to have easier M&A ride

The government has decided to simplify the norms for mergers and acquisitions by removing the bottlenecks that slow down India Inc’s inorganic growth. The idea is to offer a fast-track system which will spare companies from the lengthy process of securing high court sanctions for M&As, if they meet certain criteria. 




Front Page


Ensuring up-to-date management system a must to free country from corruption

Some ten distinguished personalities were presented with awards at a function in the capital on Tuesday, for their extra-ordinary contribution to human resource development in the country.


Bangladesh still second biggest contributor to UN pace missions : Iftekhar

Bangladesh is still the second biggest contributor to the United Nations peace keeping missions.




Bahrain shows interest to invest in textile, power sectors of Bangladesh

Indonesian Foreign Minister Hassan Wirajuda called on the country to improve its human resources in the face of full the Association of Southeast Asian Nations (ASEAN) economic integration in 2015, Antara news agency on Tuesday.


Booming economy smiles at Brazil

Brazil is living an "exceptional moment" with declining unemployment and poverty, and a booming economy, President Luiz Inacio Lula da Silva said.



Front Page


TNA to go to courts against polls in East

The Tamil National Alliance yesterday vowed to take legal action against moves to hold local government elections in the East on the ground that there is no conducive atmosphere in the province for people to exercise their franchise freely and fairly.


APRC to decide if study tour is essential

The All Party Representatives Committee (APRC) which is currently working out a power devolution package, will decide during its next session whether its members should undertake a visit to North Ireland and Spain to study the governance systems there before finalizing the interim report.




Graft, fighting hinder Sri Lanka's tsunami recovery

Graft and renewed fighting have blocked relief to Sri Lanka's tsunami survivors with less than a fifth of money pledged properly accounted for three years later, according to watchdogs.


Interactive consoles get kids off the couch

Working up a sweat playing video games on Nintendo's interactive Wii console is no replacement for real exercise but at least it gets overweight children off the couch, according to British researchers.




Front Page


Nepal parties agree to end monarchy

Nepal’s major political parties have agreed to abolish the world’s last Hindu monarchy as part of a deal to bring former communist rebels back into the government, the one-time insurgents said on Monday.


Oil shortage hits NWFP hard

The countrywide shortage of petroleum products has worsened, particularly in the NWFP where it is reported to be affecting the daily life and anti-terror efforts.




Nine foreign firms show interest in port project: Dredging, reclamation work

Nine foreign companies have shown interest in dredging and reclamation work for the upcoming Pakistan Deep-Water Container Port (PDWCP) being constructed by the Karachi Port Trust at an estimated cost of $1bn, official sources said Monday.


Foreign banks earn high, pay less: SBP

A latest report issued by the State Bank of Pakistan reveals that not a single foreign bank is paying better returns to its depositors while they are among the banks with high banking spreads.




Front Page


PML-N to end poverty, unemployment: Nawaz 

Pakistan Muslim League (PML-N) chief Nawaz Sharif on Tuesday said he was ready to render more sacrifices for the country. Addressing an election meeting here he said that national exchequer had been looted ruthlessly by corrupt politicians 


Fiscal deficit may swell to 4.2% of GDP

The finance ministry is unlikely to implement the directives of Prime Minister Mohammadmian Soomro for keeping fiscal deficit within the targeted limits, it is reliably learnt. The finance ministry had projected fiscal deficit at 4% of the GDP for 2007-2008.


ADB spells out RCI strategy for 2008
Asian Development Bank Regional has announced that the Regional Co-operation and Integration (RCI) activities will be pursued across the four pillars of the RCI strategy during 2008.


Need stressed to analyse impact of rising prices

The developing countries today face big challenges of rising prices of food and fuel, impact of which needs to be analysed so that policy adjustments could be considered by governments for facing challenges of globalised trade.

By: Staff Reporter
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