In Monday's South Asia papers

01 June 2009 05:00  [Source: ICIS news]


Front page

Thousands rally against racism in Australia
Outraged over the spate of racial attacks in Australia, thousands of Indian students on Sunday took out a massive rally demanding justice for the victims of recent assaults.

Congress promotes its dalit women to tip scales against Mayawati
A pattern that has emerged through the meticulous process of government making is difficult to escape: Congress has sought to showcase its dalit women to tip the scales in its battle against Mayawati for the dalit vote.


Indian biz insulated, says GM India
As General Motors is all set to file for Chapter 11 bankruptcy protection, its car owners and prospective buyers in India appear to be a worried lot.

RBI move may hit companies’ fund raising
The Reserve Bank of India in a circular last week asked banks not to guarantee bond issues on behalf of corporate entities.


Front page

PSU stocks give 40% returns
PSU stocks are on a roll. Market expectations that the UPA government, without the baggage of its Left allies, would push forward with the divestment of PSU companies, is driving these stocks.

Jazz to be the costliest ‘super-mini’
Honda Siel, which is all set to launch its premium hatchback ‘the Jazz’ on 10 June, is likely to price it around Rs6.5-6.8 lakh, making it the most expensive ‘super-mini’ on Indian roads, according to dealers and people with knowledge of the company’s pricing plan.


Front page

Home Ministry received recommendations to withdraw 500 political cases
The Home Ministry received recommendations from deputy commissioners of Dhaka and some other districts in favour of withdrawing 500 politically motivated cases.

Government must punish war criminals
People from all walks of life on Sunday firmly demanded the government to ensure the trial of war criminals by this tenure and remove all sorts of confusions created centring the issue.


India economy headed higher, reforms in sight
India’s economy is on the upswing with eyes now keenly focused on July’s planned budget for new market-opening moves by the freshly re-elected Congress government, analysts say.

China chooses right development model
The achievements China has made during the past three decades indicate that it has chosen the right model of economic development, said Yakov Berger, a China expert with the Far East Institute of the Russian Academy of Sciences.


Front page

Special traffic plan for Victory Day event
The road between ceremic junction Collpity to Galle Face and Slave Island railway station to Galle Face will be closed today to wednesday from 7am to 1pm while train services between Maradana and Collpity will also be restricted as a security measure for the Victory Day celebrations.

Lanka seeks to dismantle Tigers’ global network
Foreign Minister Rohitha Bogollagama told a high-level security forum in Singapore that the global organisation of the LTTE remained "largely intact" and appealed for support in dismantling the network.


Renuka Holdings posts tax profit of Rs656.3m
Renuka Holdings PLC has recorded a noteworthy turnover and profit growth for the financial year ending 2008-2009.

GSK commits Rs39m to empower the disabled in Sri Lanka
Global pharmaceuticals giant GlaxoSmithKline (GSK) has committed Rs39m to a new project to empower persons with disabilities in southern Sri Lanka.


Front page

Humanitarian situation grave in Mingora; residents flee
Thousands of stranded residents of Mingora city and its adjacent localities started leaving the conflict ravaged town after the security forces relaxed curfew on Sunday.

President Zardari allocates additional Rs500m for IDPs
President Asif Ali Zardari on Sunday directed the government to immediately release Rs500m from the Baitul Mal fund to meet the basic requirements of Internally Displaced Persons (IDPs) living in camps in the North West Frontier Province (NWFP).


No new taxes in upcoming budget, says Tarin
The government would not impose new taxes in the budget but rationalise the existing taxation system and widen its base, the Adviser to Prime Minister on Finance, Shaukat Tarin, said on Saturday.

Environmental concerns raised over new steel plant
Proponents of an under-construction steel plant on a 220-acre plot leased from the Pakistan Steel Mills in the Bin Qasim industrial zone were criticised during a public hearing of the relevant environmental impact assessment report on Saturday for not observing the environmental laws of the land.


Front page

President convenes meeting to discuss security situation
President Asif Ali Zardari has convened a high level meeting here on Monday to discuss the security and law and order in the wake of military action in Swat.

KSE directed to establish unified trading platform
The Competition Commission of Pakistan (CCP) has directed Karachi Stock Exchange (KSE) to establish a Singular Unified Trading Platform for the central execution of the trading orders of all the stock exchanges within six months period.


Unprecedented rise in inflation: Monetary policies, authorities held responsible
A panel of economists who had submitted a report to the government in October 2008 highlighting issues and recommending policy actions termed monetary policy from 2002-2008 as ineffective and held monetary authorities responsible for the unprecedented rise in inflation, which has crushed the poor people, sources told Business Recorder.

Locations for RoZs: Consultations started with NWFP and Balochistan
Commerce Ministry is reported to have started consultations with provincial governments to finalise the locations for the much talked about Reconstruction Opportunity Zones (RoZs), to be established in NWFP and Balochistan, bordering Afghanistan, official sources told Business Recorder.

By: Staff Reporter
+44 20 8652 3214

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