In Thursday's South Asia papers

21 August 2008 05:30  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

NSG meet today to decide on waiver for India
It's the denouement of the nuclear deal, being played out in equally theatrical style in one of the coveted corner rooms of the Japanese mission in Vienna.

Govt to SC: SIMI grave threat to India's peace
Its ministers Lalu Prasad and Ram Vilas Paswan and their fresh ally, Mulayam Singh Yadav, may consider Students Islamic Movement of India (SIMI) to be innocent, but the UPA government at the Centre holds the fundamentalist outfit to be a threat to "peace, integrity and secular fabric of India".

Business

Mallya's foreign cabin crew will be on board
The foreign cabin crew hired by Kingfisher for its international operations was being trained on ground, as the airline was not allowed to deploy expat air hostesses on domestic flights, even for the training purpose. These foreign cabin crew members will be able to start flying for duty, when the airline begins its international operations on 3 September.

Suzuki to make India small car hub
After overtaking parent Suzuki in annual sales last fiscal, Maruti Suzuki is all set to play a pivotal role in the Japanese auto major's global plans and emerge as an "exclusive base" for small cars.

THE ECONOMIC TIMES

Front Page

Rupee may breach 44-mark soon
The rupee is now within a striking distance of the 44-mark versus the greenback. On Wednesday, the local currency fell to 43.87 levels during the day, but timely intervention from RBI prevented the rupee from losing further ground against the dollar. The rupee has weakened over 150 paise over past 10 days.

Reliance Retail goes on austerity mission
Reliance Retail, part of India’s largest private sector company Reliance Industries, has initiated an ‘austerity’ drive. The company has issued strict guidelines on unnecessary travel, mode of travel, courier despatches, use of stationery in office, use of cabs and type of accommodation while on tour, and even on the number of times employees can have tea and coffee.

THE BANGLADESH TODAY

Front Page

Charges framed against Hasina and others in Mig-29 scam case
Charges have been framed against Awami League President Sheikh Hasina and others in the Special Court in connection with Mig-29 purchase scam case with the sections of law-- which provide for highest life imprisonment and lowest 10 years confinement.

Govt wants to free Khaleda for ‘meaningful’ polls: Adviser
The government is eager to release Khaleda Zia for the sake of "a meaningful election", says adviser Hossain Zillur Rahman.

Business

President sees prospects of better trade relations with North Korea
President Prof Dr Iajuddin Ahmed said Wednesday that there are considerable potentials for a better trade relation between Bangladesh and the Democratic People's Republic of Korea (DPRK).

NRBs keen to invest in Bangladesh
NRBs are now keener than ever before to come and invest in Bangladesh, an NRB group claimed Wednesday.

DAILY MIRROR

Front Page

Violence erupts in Anuradhapura
Violence erupted in Anuradhapura town and its suburbs yesterday when a mob attacked the main UNP party office and set fire to it and several vehicles causing a multi-million rupee loss. This was followed by a shooting incident.

A/L paper marking scuttled
The marking of Advanced Level Exam answer scripts yesterday was a flop due to the boycott by the teacher trade union actions demanding a pay hike and rectification of their salary scales, trade union sources said.

Business

Over $ 400m investments implemented in 1H
Sri Lanka which has signed about an astounding $3bn worth of investments in the first six months has already seen over $400m actually being implemented.

GREY's apparel campaign makes it to AME finals
After receiving much international media attention and applause from the global fashion and apparel industry, Grey's acclaimed 'Garments without Guilt' global marketing communication campaign is now in the race for the prestigious Asian Marketing Effectiveness Awards 2008 [AME Awards].

DAWN

No news update

BUSINESS RECORDER

Front Page

Judges restoration: PML-N received ANP, JUI-F proportions
Talks among ANP chief Asfandyar Wali Khan, JUI chief Maulana Fazlul Rahman and the leaders of PML-Nawaz at Punjab House have come to an end here early on Thursday, Aaj TV reported.

PPP recommends Zardari to be next president
The parliamentary party of Pakistan People’s Party (PPP) on Wednesday recommends party Co-Chairman Asif Ali Zardari to become the next president, Aaj TV reported.

Business

B2 rating faces foreign exchange reserves risk: Moody's
Moody's, a well established international rating agency, has forecast that Pakistan's credit fundamentals will deteriorate further if current political unrest persists even after the resignation of President Musharraf.

July current account deficit up by 24%
Pakistan's current account deficit jumped up by 24% to $1.01bn during the first month of current fiscal year against $816m during the same period of last fiscal year, depicting an increased of $194m. This was mainly due to rising trade and income deficits, besides huge foreign payment and slow foreign inflows.

By: Staff Reporter
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