In Wednesday's South Asia papers

01 October 2008 06:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

In 2008, stampedes have killed 360, blasts 156
Despite the fact that stampedes, caused by inefficient crowd management, are bigger killers in India than bomb blasts, precious little is done to prevent them.

Pakistan Taliban commander Mehsud dead: Report
Baitullah Mehsud, the alleged mastermind in the assassination of Pakistan's former premier Benazir Bhutto, is believed to have died after protracted illness.

Business

Reliance ADAG still eyeing MGM: Report
Reliance ADA group has restarted talks over a potential buyout or equity investment in Metro-Goldwyn-Mayer, the New York Post reported.

India can't remain untouched by global crisis: PM
Manmohan Singh said the crisis affecting the developed nations can spread to rest of the world. "India and China should be part of solution finding exercise", he added.

THE ECONOMIC TIMES

Front page

Weak rupee takes its toll on cos with huge foreign debt
The global economic crisis is beginning to weigh heavily on India Inc's balance sheet, courtesy the depreciating rupee.

ICICI has never squandered capital: K V Kamath
ICICI Bank has fought quite a few battles in the financial market. Over the past few years, the country's largest private lender has taken the fight for leadership right into the camp of foreign and large Indian banks.

THE BANGLADESH TODAY

Front page

Bail of Hasina in Noor Ali's case rejected
A petition praying for bail of Awami League President Sheikh Hasina in Tk 5 crore extortion case filed by Unique group boss Noor Ali for allegedly taking donation in favour of Bangabandhu Memorial Trust has been rejected.

AL to launch movement to restore democracy after Hasina's return: Zillur

Acting Awami League (AL) President Zillur Rahman said that AL would launch fresh movement to restore democracy across the country after the return of Party president Sheikh Hasina in mid October.

Business

BTRC allocates spectrum to mobile operators
The Bangladesh Telecommunication and Regulatory Commission (BTRC) has allocated new spectrum to three top mobile operators at a meeting between telecom regulator and respective mobile operators on Monday.

Weakening dollar impacts compensation packages of MNCs
Fluctuations in foreign exchange value of global currencies, especially the US dollar, which is weakening against its rivals, following the financial turmoil in the US have severely impacted the compensation packages of overseas employees working with MNCs, a latest survey says.

DAILY MIRROR

Front page

Lankan cleared for US asylum after years of detention
A Sri Lankan man has become eligible for asylum in the US after being detained for more than four years on allegations he was a member of a terrorist group.

Grenade attack on TNA MP's house
A grenade was lobbed at the Thirukovil residence of TNA MP Chandranehru late last night damaging parts of his house but did not cause any casualties.

Business

Financial crisis unlikely to hit Sri Lanka - CB
Central Bank Governor Ajith Nivard Cabraal yesterday said Sri Lanka is unlikely to be very badly affected by the global financial crisis.

Asia's economic slowdown becoming more severe
Asia's economic slowdown this year will be more severe than previously anticipated as the global financial crisis crimps exports but inflation should ease to give policymakers some room to support growth, Reuters polls show.

DAWN

Front page

US to boost Pakistan's anti-terror capability
The United States has assured Pakistan that it supports the country's 'sovereignty'and 'territorial integrity' amid tensions between the two allies over cross-border raids into Fata.

India, France sign nuclear accord
India, critically short of energy to fuel its booming economy, secured a new position in the world nuclear order on Tuesday when it signed a landmark atomic energy pact with France.

Business

Stocks end down, volume falls below 1m
The trading volume on the Karachi Stock Exchange on Tuesday fell to a new all-time single-session low at 0.986m shares as investors watched the fresh massive plunge on world equity and financial markets after the rejection of Bush's $700bn bail-out package by the US Congress rather than making fresh commitments.

Indian FM says stock market 'sound'
India's finance minister rushed on Tuesday to assure jittery investors that the country's stock market was "sound" amid fears that the global financial crisis could broaden.

BUSINESS RECORDER

Front page

ADB releases $500m from $1.5bn loans
Asian Development Bank will provide $1.5bn in three tranches under the Accelerated Economic Transformation Programme.

Sales tax zero-rated units: 10% WHT on power bills exempted
The Federal Board of Revenue (FBR) has decided to exempt 10% withholding tax (WHT) on electricity bills received by all sales tax zero-rated units of textile products, carpets; leather and articles thereof including artificial leather footwear; surgical goods and sports goods.

Business

India may ease FDI norms for Pakistani firms
India may ease foreign direct investment (FDI) norms for Pakistani companies once political situation becomes more stable in Pakistan.

Asia to become economic powerhouse by next decade
Pakistan Economy Watch has said that only regional cooperation can provide relief to 500m poor living in South Asia

By: Staff Reporter
+44 20 8652 3214

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