In Monday's South Asia papers

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


Front page

Spy satellite RISAT takes off from Sriharikota
Aiming to bolster India’s defence surveillance capabilities, ISRO on Monday successfully launched its first all-weather spy satellite that will help security agencies keep a watch on the movements on the borders, from its spaceport here.

Pak’s nukes in safe hands for now, says PM
Even as concern mounts around the world about the growing anarchy in nuclear armed-Pakistan, Prime Minister Manmohan Singh on Sunday said India has been assured that Pakistan’s nuclear weapons are in safe hands "as of now".


Safe bet: Gold shines with 26% returns
Even as the current economic conditions have dwindled returns from other forms of investment, Indian housewives who have been passionate gold enthusiasts and investors in the yellow metal are reaping the rewards.

Food entrepreneurs cook up new deals
Meltdown is not that dreaded a word after all. For enterprising restaurateurs, the last thing to do in these tough times is to slow down.


Front page

Market likely to take a break before fresh ascent
As the debate rages over how much more would stocks rise in the near-term, a section of investors is perceiving that the recent gains are in excess for the moment.

We got Satyam at walk-away price: K Mahindra
The M&M group chairman believes he had bagged Satyam at a walk-away price and says that he thought L&T would be the winner in the bid.


Front page

Package to prop farm, power, exports
Finance Minister AMA Muhith rolled out on Sunday a Tk3,424 crore financial support package for the last two months of the current fiscal year to shield farm, power and export sectors from the aftermaths of the global recession.

Stimulus package frustrates a section of trade bodies
Few trade bodies have expressed their frustration over the financial stimulus package the government announced on Sunday to help face the recession challenges and demanded reconsideration of the incentives.


Govt plans to set up new industries, reopen all closed mills, factories: Barua
Industries Minister Dilip Barua on Sunday said the government would reopen the Chittagong Chemical Complex (CCC) on 24 April as part of the government’s plan of reopening all mills and factories closed down during the previous governments.

BB fixes lending rate at 13%
Bangladesh Bank issued a circular on Sunday asking commercial banks to reduce the maximum limit of their annual lending rate to 13% to help industries face the challenges of the global recession.


Front page

Thousands of civilians rescued - SLA
Thousands of civilians were rescued early today after the military broke through a part of the remaining LTTE earth bund east of Puthukudiyiruppu, military claimed.

Akmeemana case suspect shot dead by Police
Police claimed that the suspect involved in the Akmeemana case was shot dead last night when he attempted to attack the Police when he was taken to the site where the two bodies were found.


ADB loans increase to $10.5bn in 2008, annual report says
The Asian Development Bank (ADB) approved $10.5bn in loans, a 5.3% increase over the previous year, according to ADB’s 2008 Annual Report, released ahead of the 42nd Annual Meeting to be held 2–5 May in Bali, Indonesia.

China’s recovery only boosting neighbours
An emerging recovery in China is good news for the rest of Asia but the nation does not yet have sufficient clout to boost the global economy as a whole, analysts say.


Front page

Situation dangerous in Pakistan: Holbrooke
US special envoy for Pakistan and Afghanistan Richard Holbrooke warned on Sunday that no other place in the world today faced a more dangerous situation than Pakistan.

US policies alienating Pakistan, warn scholars
The United States has alienated Pakistan by demanding that they divert troops from the Indian border to fight the Taliban, says former US ambassador to Islamabad Robert Oakley.


Rs2.74 trillion budget planned for next fiscal
The budget outlay for the next fiscal year is projected at Rs2.74 trillion by the ministry of finance in the updated version of Poverty Reduction Strategy Paper –II.

New mega-Islamic Bank to launch $3bn IPO
Gulf investors are launching a new $10bn Islamic bank and plan a $3bn initial public offering in the fourth quarter to tap interest in sharia-compliant institutions, bank executives said on Sunday.


Front page

Suicide car-bomber kills 27 near Kohat
A suicide car-bomber rammed a Pakistani military convoy on Saturday, killing 25 soldiers and police, and two passers-by, police said.

Auction of farmers’ land in Thatta stopped: Prime Minister inaugurates first wind power plant
Prime Minister Yousuf Raza Gilani on Sunday ordered to immediately stop auctions of land in Thatta.


All set to launch 90 reconstruction projects in AJK
As many as 90 reconstruction projects are being launched through Muzaffarabad city development project (MCDP) under JICA Master Planning programme, here.

Early completion of development projects directed
The acting Commissioner, Faisalabad, Saeed Wahlah has directed the local heads of concerned departments to complete the development projects initiated on the directives of Punjab Chief Minister without wasting any moment.

By: Staff Reporter
+44 20 8652 3214

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