In Monday's South Asia Papers

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

THE TIMES OF INDIA

Front page

Srinagar on high alert ahead of Hurriyat rally
Curfew remained clamped in the Kashmir Valley for the second day on Monday, even as authorities arrested top separatist leaders, including Sayed Ali Shah Geelani and Mirwaiz Umer Farooq, to thwart their attempts to organise a march to Lal Chowk.

Infants were given adult drugs at AIIMS: RTI
Just days after news broke of 49 babies dying during clinical trials at AIIMS, Times Now has managed to get the Right to Information (RTI) report that makes a shocking revelation. Two of the four drugs tried on the babies were meant only for adults and not for children below 18.

Business

Tata unfolds a new Indica chapter
The second generation Indica launched in Mumbai on Saturday seems to be indicative of a grand strategy by its maker Tata Motors. Following on from over 900,000 units of the original Indica, the new version known as the Indica Vista seems to have grown bigger where it matters - enhancing its already prodigious cabin and occupant space while only going up marginally on the exterior.

Jet plans 2nd hub in Europe
Jet Airways may have curtailed its domestic footprint, but the Naresh Goyal-owned carrier has started scouting for a second hub in Europe after Brussels.

THE ECONOMIC TIMES

Front page

The feeling's mutual: NFOs go the IPO way
Akin to public issues, not much is going the way of mutual fund NFOs as well. The period between March and August - regarded to be the worst phase of bear run so far - has seen asset management companies launching 17 equity fund schemes.

'Cos taking their code of conduct more seriously'
In line with rapidly changing business environment, India Inc is witnessing an evolution in its business codes. According to a latest KPMG study, while there’s a global trend of increasing practices amongst Fortune 200 companies, Indian businesses have begun to take stock of their business code of conduct (CoC) more seriously.

THE BANGLADESH TODAY

Front page

BDR gives a list for returning 1464 Bangladeshi criminals
With a call for resolving various dispute relating to border issues, five-day Director General level border conference between BDR and Indian Border Security Forces (BSF) concluded on Sunday at the BDR headquarters in capital Dhaka.

TAC set to extend deadline by one month for seeking clemency
Only 21 corrupt persons have so far approached the Truth and Accountability Commission for pardon in return for their amassed money, prompting the TAC authorities to think about extending the petition period as many are still in two minds.

Business

ASEAN pursues free trade deals as global trade talks in limbo
ASEAN is set this week to finalise a free trade agreement with India and hold talks with Australia and New Zealand, signalling the importance of regional pacts amid fading hopes for a global trading regime.

Fuel price cut not political: Malaysian PM
Malaysian premier Abdullah Ahmad Badawi said a recent move to cut petrol prices by 5.6% to 2.55 ringgit ($0.76) a litre was not politically motivated, according to a report on Sunday.

DAILY MIRROR

Front page

President says Victory for motherland
The governing United People’s Freedom Alliance (UPFA) emerged victorious at Saturday’s North Central and Sabaragamuwa provincial council elections and President Mahinda Rajapaksa termed it as a "victory for the motherland."

CWC fails to win a seat
The Tamil political parties that contested the Sabaragamuwa Provincial Council election failed for the first time to get a single member elected despite the presence of a sizeable number of estate Tamils in the province.

Business

KKS port renovation a "tough task" - SLPA
The Sri Lanka Ports Authority (SLPA) said that renovation of the Kankasanthurai port is a "tough task" in view of the current ongoing projects in four other ports in the country. The government has expressed interest in opening up the Kankasanthurai port following the capture of some key areas, SLPA Acting Chairman Priyath Bandu Wickrama said.

India's Tata offered factory moves for world's cheapest car
Indian states vied at the weekend to offer alternative sites to India's Tata Motors for assembling the world's cheapest car after the firm threatened to shift production due to violent protests. The flurry of invitations came after India's top vehicle-maker warned Friday it would close the plant making the 2,500-dollar Nano in Marxist-ruled West Bengal state if farmers' demonstrations kept up.

DAWN

Front page

Coalition giving time to president
The ruling coalition appears to be dallying with the impeachment process to provide time to President Pervez Musharraf to make up his mind about resigning, instead of facing a humiliating exit.

Asylum for Musharraf not on the table: Rice
The United States made it known on Sunday that it was not considering any proposal to grant political asylum to President Pervez Musharraf.

Business

Stock market woes, uncertainties
Why has the value of the Pakistani stock market dropped precipitously over the last several months? Why has so much capital flown out of the market and why has some of it gone out of the country? There is flight of capital emanating not only from foreign investors.

Managing the forex reserves
The rupee remains under pressure although the State Bank now provides foreign exchange for Pakistan’s oil imports. Bankers give many explanations for the rupee’s weakening, the oddest being the drying up of foreign investment inflows.

BUSINESS RECORDER

Front page

Asif Ali Zardari agrees to contest presidential election
PPP co-chairman Asif Ali Zardari has decided to run for president in the wake of Musharraf's resignation, officials announced on Saturday.

Lawyers to restart protest from August 28: Aitzaz
The legal fraternity on Saturday announced to go for countrywide sits-in (Dharna) after losing hope for reinstatement of judges, starting from August 28 with a two-hour sit-in across the country.

Business

Cutting down PSDP by Rs100bn: Planning Commission, finance at loggerheads
The Planning Commission and the Finance Ministry are on a collision course over the announcement by the Finance Minister Naveed Qamar that the Public Sector Development Programme (PSDP) would be slashed by Rs100bn; the controversy is likely to continue.

Pakistani exporters team leaves for Sri Lanka
A delegation of the leading exporters and Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Sunday left for Sri Lanka to participate in the 3-day 8th Saarc Chambers of Commerce and Industry trade fair being held in Colombo from August 28. FPCCI president Tanvir Ahmad Sheikh told APP on Sunday that leading Pakistani exporters would establish their stalls at the fair to attract foreign investors.

By: Staff Reporter
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