In Wednesday's South Asia papers

12 November 2008 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Malegaon: 2 big Hindu leaders under scanner
Two non-political leaders, who are not from Maharashtra, played a vital role in assisting a section of the accused in the Malegaon blast case, said a senior cop.

How did 29 bombs reach most unlikely spots in Surat?
Maharashtra anti-terror squad seems to have come up with an answer-the bombers may have driven around in a snorkel to plant bombs.

Business

Economic gloom deepens as excise declines by 8.7%
This is for the second consecutive month that revenues from excise - the tax levied on manufacturing - have been lower than in the corresponding month last year.

Finmin opposed low telecom licence prices
Telecom minister A Raja could have sidestepped the raging controversy over underpricing of telecom licences, had he taken the advice of former finance secretary D Subbarao, now RBI governor.

THE ECONOMIC TIMES

Front page

Stocks to open lower on weak global cues; IIP data eyed
Stocks are expected to extend losses on Wednesday tracking weak cues from global shores.

Bucking trend, Metlife is on a hiring spree
MetLife Insurance is planning to recruit about 30,000 agents and 3,000 managers over the next two months to expand its operations in India.

THE BANGLADESH TODAY

Front page

Both CG, EC should quit if polls not held by 31 Dec: Akbar Ali
Regulatory Reforms Commission (RRC) Chairman Dr Akbar Ali Khan on Tuesday said the present caretaker government and the Election Commission both should quit on moral grounds if they fail to hold the overdue general election by this yearend.

Poll meetings, rallies before 27 Nov violation of EPR
No political party would be able to hold any election meeting or rally and bring out any procession before 27 November, as per the sub article 1 of the relaxed article 3 of the Emergency Power Rules (EPR).

Business

REHAB fair begins
Adviser for Communication, Housing and Public Works Major General (retd) Golam Quader on Tuesday asked REHAB leaders to build low cost sustainable housing, which are affordable to common people.

Joint action vital to fight economic slowdown: Britain, EU
British Prime Minister Gordon Brown and EU Economic Affairs head Joaquin Almunia called separately on Tuesday for increased joint action to hold back the recession now threatening several leading economies.

DAILY MIRROR

Front page

Troops dominate part of Kumulamunai village - Mullaittivu
Troops of 59 Division operating in the Mullaittivu jungle have dominated a part of the Kumulamunai village on 11 November, reaching another significant milestone in the Wanni liberation offensive.

Puttalam-Colombo private bus operators on strike
Private bus operators plying the Puttalam-Colombo route launched a strike today over an alleged assault on a bus conductor.

Business

EDB to assist agriculture initiative
The government is gearing to uplift the export trade based on the theme "One Village, One Crop" with a proposed Rs300m allocation, Export Development and International Trade Minister Prof G L Peiris said yesterday.

BOI signs Rs17m agriculture venture
Saaraketha Private Ltd signed an agreement to set up and operate a project for timber plantation and a processing plant for agriculture products for the export market.

DAWN

Front page

Diamer-Bhasha Dam project gets go-ahead
The Executive Committee of the National Economic Council (ECNEC) on Tuesday gave the go-ahead to the Diamer-Bhasha Dam project.

Bomber hits sport ceremony; 3 killed
Three people were killed and 20 others injured when a suicide bomber blew himself up at the main gate of the Peshawar Sport Complex during the concluding ceremony of the inter-provincial games on Tuesday.

Business

Job cuts feared as sale of heavy vehicles falls
While sale of cars and light commercial vehicles has been hitting the bottom, followed by massive job cuts by its vending industry, local heavy vehicle industry also fears job cuts in case sales continue to fall in the coming months.

Revenue collection by Model Customs up by 34%
The Model Customs Collectorate (MCC) collected Rs42.117bn in revenue during the first four months (July-Oct) of the current fiscal year (2008-2009), showing a growth of 34% over the corresponding period last year when collection stood at Rs31.323bn.

BUSINESS RECORDER

Front page

Rs39bn worth illegal transaction detected in one computer: Rehman tells Senate
Advisor to the Prime Minister on Interior Rehman Malik disclosed here on Tuesday illegal transaction worth Rs39bn was detected from just one computer owned by one of the forex firms.

ECNEC approves $12.6bn Diamer-Bhasha dam project
The Executive Committee of National Economic Council (ECNEC) on Tuesday approved the Diamer-Bhasha dam at a cost of $12.6bn, whose feasibility study has been prepared by a consortium with one participating firm already blacklisted by the World Bank.

Business

Fate of WTO Cell hangs in balance
Fate of six years old World Trade Organisation (WTO) Cell at the Planning and Development (P&D) department is hanging in the balance right now, with 80% chances of its closing down because of highly dissatisfactory performance of its officials.

Efforts on to improve economic indicators: Kaira
The government was working to improve the economic indicators of the country by facilitating industry and investment as much as possible within its resources, said Punjab Minister for Finance, Planning and Development.

By: Staff Reporter
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