In Friday's South Asia papers

17 April 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Heed India: Young, affluent wake up to vote
Influenced by awareness campaigns over the past few weeks, the middle class urban voter stepped out like never before to vote in the first phase of the general election.

French fighter jet out of race for biggest IAF deal
French fighter Rafale has being knocked out of the race for the "mother of all defence deals", the Rs 42,000-crore project to acquire 126 multi-role combat aircraft for IAF.

Business

Profit taking drags sensex 337 points
BSE sensex's eight-session winning streak came to a sudden halt on Thursday as domestic institutional investors resorted to heavy profit taking.

Inflation slips to 0.18%
Prices of vegetables and other daily food items continued their rise and were costlier than they were a year ago.

THE ECONOMIC TIMES

Front page

Ex-insider blew the lid off Satyam scam
A person who used a pseudonym of Jose Abraham and claimed himself to be former senior executive in Satyam, acted as whistleblower.

Jet Airways set for rejig, may sack 390 employees
The plan is likely to be put in place by 1 July and would result in reducing 3% of company's 13,000 staff strength.

THE BANGLADESH TODAY

Front page

Ashraful urges UZ Chairmen to have patience
Bangladesh government is thinking to allocate a package of up to TK 3000 crore to help the businesses out of the impact of the global economic recession.

HSC exams begin with record low expulsion
The Higher Secondary Certificate (HSC) and its equivalent Alim and HSC in Business Management examinations under 10 education boards begin throughout the country with a record less incidents of unfair means on the first day.

Business

Jute sector will get incentives in the bail-out package
The jute sector will get the same treatment as the RMG sector in the coming up bailout package, assured the Jute and Textile Minister Abdul Latif Siddiqi.

India’s inflation falls to 0.18%
India's inflation rate slipped closer to zero, official data showed on Thursday, giving the central bank more room to cut interest rates to bolster a flagging economy.

DAILY MIRROR

Front page

Philippines to rescue kidnapped Lankan victim
The Armed Forces of the Philippines (AFP) and the Philippine National Police (PNP) are preparing to launch offensives against the kidnappers holding six teachers from the Zamboanga Peninsula, Sri Lankan peace worker Umar Jaleel and microfinance employee Lea Patris.

Government has the chance to end the conflict: US
The US says the Sri Lankan government, as the legitimate sovereign power, has before it an opportunity to put an end to the lengthy conflict adding that a durable and lasting peace will only be achieved through a political solution that addresses the legitimate aspirations of all Sri Lankan communities.

Business

British built reservoir in ruins due to neglect
Barrack plain reservoir in Nuwara Eliya constructed by the British rulers in 1885 to provide irrigational facilities to the Uva Paranagama area is in ruins due to neglect and misuse.

Minister to raise standard of LG, PCs
Local Government and Provincial Councils Minister Janaka Bandara Tennekoon said he was planning to elevate the Sri Lanka Institute of Local Government which was the only training institute for officials and the representatives of local authorities to the status of a university status soon.

DAWN

Front page

Lal Masjid cleric vows not to seek revenge
‘We will look forward to helping maintain peace, improve economic conditions and stop suicide attacks across the country.’

Zardari urges a ‘Marshall Plan’ for Pakistan
‘Pakistan alone cannot bear the huge social and economic burden of terror war, clearly we need massive assistance.’

Business

SBP slashes Minimum Capital Requirement for banks
State Bank has massively cut the MCR to Rs10bn, providing breathing space to small and medium size banks.

Pakistan’s forex reserves rise to $11.22bn
Foreign exchange reserves rose $50m for the week ended 11 April, as remittances rose and imports fell.

BUSINESS RECORDER

Front page

PML-N decides not to rejoin government
Pakistan Muslim League-Nawaz (PML-N) on Thursday decided not to join government in centre, as invited by the Prime Minister Yousuf Raza Gilani, assuring the government of its support while remaining on opposition benches.

PPP members to occupy opposition benches in Punjab: Fauzia
Pakistan Peoples Party Secretary Information Fauzia Wahab said on Thursday that party legislators will sit on opposition benches in the Punjab Assembly.

Business

Pakistani businessmen to visit US
A high level delegation of Pakistani businessmen will visit New York and Washington DC from 22 to 24 April, in a bid to attract investment.

Zardari seeks new Japanese investment
President Asif Ali Zardari on Thursday sought to drum up Japanese investment for his poverty-stricken country.

By: Staff Reporter
+44 20 8652 3214

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