In Wednesday's South Asia papers

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


Front page

Lalu may not be part of next govt: Pranab
Foreign minister Pranab Mukherjee on Tuesday confirmed Congress’s plan to get rid of Lalu Prasad, by publicly declaring that the RJD boss would not be in the next government.

Obamatch! NY Yankees vs Mumbai Indians
The often projected dream of big time cricket returning to the United States is being cranked up again with plans for an American Premier League (APL) on the lines of the ongoing Indian Premier League (IPL).


NBFCs get a boost from RBI step
Factoring in the tough market conditions to raise equity capital, the apex bank has decided to defer the implementation of capital risk-weighted assets ratio (also known as capital adequacy ratio) of 12% to 31 March, 2010 and of 15 % to 31 March, 2011.

Short-term debt, gilt investors to gain
The RBI’s soft monetary stance may be music to the ears of investors in short-term debt schemes and gilt schemes, say experts.


Front page

TCS has its hands full, keeps off acquisitions
Top IT firm Tata Consultancy Services (TCS) has hit the ‘pause’ button on acquisitions. TCS chief operating officer N Chandrasekaran said the company was not planning any acquisitions.

Satyam wants govt support in its bids for PSU projects
Satyam Computer Services, which has found a new owner in Tech Mahindra, will continue to ask the government to support its bids for PSU projects.


Front page

Power shortage leads to rioting
As severe load-shedding continues across the country, protestors attacked two power substations and barricaded roads in Araihazar upazila on Tuesday amid violent demonstrations on their demand for smooth supply of electricity.

‘Stimulus package’ to inject positive pushes to check recession: Economists
Noted economists of the country on Tuesday opined that the stimulus package offered by the government would inject positive pushes to check the economic recession that has already poised to create hindrances to the economic progress and prosperity.


India’s central bank cuts key rates to spur demand
India’s central bank on Tuesday cut two key short-term interest rates by 25 basis points each, in a bid to kickstart the Asian giant’s slowing economy.

Luxury carmakers trying to create Chinese dream
The world’s top names in luxury cars are racing to establish their brands at Shanghai’s auto show as the best China’s new rich can buy.


Front page

China backs Sri Lankan fight against LTTE
China on Tuesday came out in support of the Sri Lankan government’s efforts to wipe out the Liberation Tigers of Tamil Eelam and apprehend its leader V Prabakaran.

End indiscriminate fire in Sri Lanka no-fire zone: US
The United States on Tuesday urged both Sri Lanka government troops and Tamil Tiger rebels to stop "indiscriminate fire" in a zone sheltering thousands of civilians.


Apparel industry posts "healthy growth"
Despite the global economic downturn, Sri Lanka Customs data just released show a healthy growth in apparel exports in 2009.

Still live and kicking high- Chillies ’09
The hyped up advertising awards, Chillies 2009 set to be held on 2 May at the SLECC is said to have strengthened its ties even amidst the recession up on everyone’s sleeves.


Front page

Nawaz raises alarm over Taliban march
Former Prime Minister Nawaz Sharif has expressed concern about a controversial peace deal Zardari government signed with militants and decried they (militants) are trying to export their particularly harsh version of sharia.

UK frees nine Pakistanis
British police on Tuesday released nine of the 11 mostly Pakistani men arrested earlier this month in a major anti-terror operation into the custody of immigration authorities, a spokeswoman said.


No new updates


Front page

Taliban stepped up activities in Bunair
Taliban militants have stepped up their activities in Bunair and the armed militants have taken positions at various points in the region, Aaj TV reported on Tuesday.

Machinery import under LTFF: refinance of outstanding long-term loans allowed
The State Bank of Pakistan has decided to allow a one-time opportunity for export-oriented industries to refinance their outstanding long-term loans availed from banks/DFIs for import/purchase of plant and machinery with loans under SBP’s long term finance facility (LTFF) scheme to facilitate exporters.


Pakistan should focus on critical development issues: World Bank
Pakistan should focus on a range of critical development issues, including health, education, skill building and social mobilisation, as well as important infrastructure to underpin the future growth, said a statement issued by the World Bank here on Tuesday.

Export of Pakistani workforce to South Korea discussed
Jahangir Alam Chohan, the Managing Director, Overseas Employment Corp met Jeong Jae Soe, Country Resident Director of Human Resource department of Korea, who assumed the charge after transfer of his predecessor Chan Seop Park to Headquarters in Republic of South Korea.

By: Staff Reporter
+44 20 8652 3214

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