In Wednesday's South Asia papers

02 April 2008 04:30  [Source: ICIS news]


Front Page

NRI woman alleges rape in Goa
A 52-year-old NRI woman has alleged that she was raped in a renowned five star hotel in Goa. Panaji Police have registered a case after they received the communication from Delhi Police, with whom the woman has filed the complaint.

BKU leader Tikait to surrender over remarks against Maya
Amidst mounting tension, Bharatiya Kisan Union chief Mahendra Singh Tikait is all set to surrender on Wednesday in the case of his alleged casteist remarks against Uttar Pradesh Chief Minister Mayawati.


It's raining job offers for women MBA grads at ISB
Thirty four-year-old Sushma Samarth, an MTech from IIT-Bombay, had worked for nine years in the IT sector when she realized she wanted to understand more about business, strategy and entrepreneurship. That's when she decided to enrol for an MBA at the Indian School of Business (ISB) in Hyderabad.

Equity MFs see worst fourth quarter as Sensex tanks by 23%
There is bad news for a large number of mutual fund investors. Equity funds, which are fast becoming the preferred investment vehicle for a substantially large population, have turned out one of their worst quarterly performances during the three-month ended 31 March.


Front Page

Tight money market hits small bond arrangers
A surfeit of bond issues against the backdrop of tight money market conditions seems to have come as a jolt to the business of some of the small and independent bond arrangers.

DoT allows telcos to share active infrastructure; tariffs may fall
Having sat over it for well over a year, the communication ministry on Tuesday approved sector regulator TRAI’s recommendation to let service providers share active infrastructure. The move will bring down the overall expenditure of telecom companies by over 50% and help reduce tariffs further.


Front Page

PDB faces 728 mw power generation shortfall for gas crisis
The Power Development Board claimed that it faced with a shortage of 728 megawatts in power generation for gas crunch that knocked down a number of plants.

BB using reserve cautiously: Governor
In a bid to take precautionary steps for meeting increased payments for imports of food in future, Bangladesh Bank will hold tight the present level of foreign exchange reserve.


UAE, China for boosting bilateral trade
The prime minister of the oil-rich United Arab Emirates met with Chinese President Hu Jintao Monday as part of a visit aimed at boosting fast-growing economic ties between the two countries.

Top business school of France to create a chair on social business
HEC Paris, the top business school of France, has announced creation of a Chair on 'Social Business' inspired by Professor Yunus' concept of social business as described in his new book 'Creating a World Without Poverty'.


Front Page

Hundreds of malnourished children in the North
Humanitarian agencies say hundreds of children in the North are suffering from severe malnutrition, with essential supplies, including therapeutic food supplements given to severely malnourished children, yet to reach them.

Bus delays Veddah lunch with President
President Mahinda Rajapaksa played host to a Veddah delegation led by Veddah Chief, Uruvarige Vanniyala Athatho at his official residence in Kandy yesterday.


CIMA Janashakthi Pinnacle Awards 2008 is today
The fifth CIMA Janashakthi Pinnacle Awards, will be held tonight, at the Cinnamon Grand in Colombo. The awards ceremony is considered as one of the country’s recognised event in the Sri Lankan corporate calendar.

Zenith celebrates 5 years with Felicia Dean at its helm
Warm, clever, and equipped with a sense of humour, Ms Felicia Dean is a pioneer in advertising. Her vast and remarkable experience, both in Sri Lanka and abroad, are the strength behind the team at Zenith Marcom, which she fondly calls, ‘her family’.


Front Page

Proposals for committees on FCR, judges submitted to PM
The law ministry on Tuesday submitted summaries to the Prime Minister’s Secretariat for the formation of parliamentary committees for repealing the Frontier Crimes Regulations (FCR) and reinstating deposed judges.

Peace, but not at cost of people’s lives: Hoti
NWFP Chief Minister Amir Haider Khan Hoti said on Tuesday his government would adopt peaceful means to restore peace in the violence-hit province. However, he asserted, peace could never be achieved at the cost of people’s life and property.


Saudi-Pak Bank acquisition deal completed
The takeover deal of majority stake in Saudi-Pak Commercial Bank (SPCB) a stock market listed company by a consortium of International Finance Corporation (IFC), Bank Muscat, Nomura International and Sinthosis Capital was pronounced done on Tuesday, as the acquirers went on to take control of 86.5% stake in the bank at $0.47/share, which aggregated to investment of $213m.

Branchless banking rules issued
The State Bank of Pakistan issued on Tuesday branchless banking regulations applicable to all banks, including Islamic and microfinance banks, with immediate effect to encourage innovation and increase outreach of the banking system.


Front Page

Lawyers to resist sabotaging Murree accord: Aitzaz
President SC Bar Association (SCBA) Aitzaz Ahsan on Tuesday said the lawyers will resist all attempts aimed at sabotaging the Murree accord. He was replying to a question at a press conference here at the press club.

Sarkozy to send 'humanitarian mission' to contact Farc
French President Nicolas Sarkozy is to send a 'humanitarian mission' to contact Farc rebels holding former Colombian presidential candidate Ingrid Betancourt hostage, his office said on Tuesday.


July-December current expenditures up by 33%
The country's current expenditures presented strong growth of 33%during the first half of current fiscal year due to the substantial rise in both current and development spending.

Privatisation to be made workers-friendly: Qamar
The privatisation program will be made people and workers-friendly, which will contribute to the overall economy by generating more taxes and employment opportunities, increasing production and improving quality and efficiency, said Naveed Qamar, Federal Minister for Privatisation & Investment and Ports & Shipping.

By: Staff Reporter
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