In Thursday's South Asia papers

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


Front page

Voting begins for third phase of LS polls
Voting began across nine states and two union territories for the third phase of Lok Sabha elections that will decide the fate of political heavyweights Sonia Gandhi, L K Advani and H D Deve Gowda among others.

NRI from Texas arrives in Hyderabad with swine flu
An NRI who flew to Hyderabad from Texas, the US state which reported the first swine flu death outside Mexico, was on Wednesday found to have the flu symptoms.


ICICI Bank needs to raise $1bn: Kochhar
ICICI Bank, India’s second-largest lender by assets, needs to raise $1bn to cover half the liabilities at its global operations coming due this year, CEO-designate Chanda Kochhar said.

Chinese biggies want to enter Indian car market
Two biggies Chery Automobile and Great Wall Motors are planning to enter India soon through joint ventures, senior company officials told TOI at Shanghai Motor Show.


Front page

Value averaging good bet to beat slump
The old cliché - ‘buy stocks cheap and sell them dear’ remains an aspiration for most investors. Those who bought rather than sold the broader market index Nifty when it crossed 6000 turned the phrase on its head.

Finding ways to fire senior staff, hire new
HR professionals are being forced to come up with creative ways to let go of senior staff while recruitment experts have tough time coping with flood of resumes.


Front page

First major reshuffle in cabinet in the offing
The first major reshuffle in the cabinet led by Sheikh Hasina may take place soon with the induction of two senior leaders and two women MPs.

HC next step in cantonment house tussle, say BNP lawyers
BNP chairperson Khaleda Zia will go to the High Court to challenge the government notice to vacate her cantonment residence, said a senior BNP leader on Tuesday.


Govt gives priority to national interest in industrialisation: Dilip Barua
Industries Minister Dilip Barua on Wednesday said the industry-friendly government is giving priority to industrialisation for the sake of the national interests.

Global crisis has exposed flaws in international economic system: Ban
UN chief Ban Ki-moon yesterday said the current economic crisis has clearly exposed the flaws in the existing international economic system and asked institutions to become more "representative, credible, accountable and effective".


Front page

UK to probe crimes against civilians in Sri Lanka
British Under-Secretary of State for International Development Michael Foster told the British House of Commons during a debate on Sri Lanka yesterday that UK will call for an early investigation as to whether crimes have been committed against civilians.

Ranil meets UK, French Ministers
UNP leader Ranil Wickramasingha says he is "ashamed" to say that he was able to get a first hand assessment of the situation in the north from two foreign dignitaries - the visiting British and French Ministers - as opposed to the Sri Lankan government.


MBSL launches reinvigorated insurance and savings entities
The Merchant Bank of Sri Lanka (MBSL) on Tuesday announced the official launch of MBSL Savings Bank and the MBSL Insurance Co.

No sugar in the supermarkets soon?
With discrepancies still evident between government inflation statistics and change left in people’s purses, consumers are being left in a dither.


Front page

Widespread violence afflicts Karachi
At least 25 people were killed and over 40 others injured in a fresh wave of ethnic violence in different parts of Karachi on Wednesday.

Pakistan concerned over US plan
Pakistan has voiced concern that US reinforcements in Afghanistan’s south could push Taliban insurgents and refugees over its porous border, a US general said on Wednesday.


Builders sound alarm against cement cartel
A leading cement maker has restored old rate of its 50-kg bag reversing a price-cut it had announced a week back, builders and developers feel this move has proved existence of a ‘cartel’ in the cement making industry.

Committee meets to discuss Bhasha dam-building
The Central Development Working Party (CDWP) is meeting on Thursday to recommend and approve 51 projects worth Rs59.6bn including the increase in the cost of the Diamer Bhasha dam by $4bn.


Front page

21 killed, 23 hurt in Karachi violence
At least 21 people were killed, 23 critically wounded and six vehicles were torched, as violence gripped the city on Wednesday evening.

ADB and IDB to finance Diamer-Bhasha dam project
The Asian Development Bank (ADB) and Islamic Development Bank (IDB) have agreed to finance Diamer-Bhasha dam project, and the Planning Commission has asked the Economic Affairs Division (EAD) to formally request assistance from them.


Land for Gwadar airport: Balochistan government held responsible for raise in price
The Ministry of Defence has held the Balochistan government responsible for 122% increase in the price of the land for New Gwadar International Airport (NGIA).

Promotion of exports: Ministry selects 10 officers for appointment abroad
Commerce Ministry has selected 10 officers of District Management Group (DMG), Commerce and Trade (C&T) and one ex-cadre (Economist) to be appointed abroad to promote Pakistani exports, out of which more than half are, allegedly, ‘Parchi holders’ of influential politicians.

By: Staff Reporter
+44 20 8652 3214

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