In Wednesday's South Asia papers

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


Front page

Brazil finds Air France debris in Atlantic
Brazil has confirmed that a five kilometer swath of debris floating in the Atlantic marked the spot where an Air France flight carrying 228 people crashed on Monday.

UPA minister's medical college wants Rs 20lakh donation
A TOI investigation has caught on camera officials of two leading institutions in Tamil Nadu demanding Rs 20 lakh to Rs 40 lakh for an MBBS seat.


Equity funds beat sensex, nifty
Even as the average assets under management crossed the Rs 6 lakh crore mark, diversified equity MFs have finally beaten sensex and nifty.

Core sector growth doubles to 4.3%
The growth rate of core sectors nearly doubled to 4.3% during April 2009 as against 2.3% in the same period last year, when the economy was booming.


Front page

Do not short the market: Jim Rogers
Global investor Jim Rogers says cotton, silver and sugar can be hot picks.

Satyam to ink pact with M&M to serve aerospace clients
Satyam is firming up a joint-go-to-market strategy with the M& M Group of cos for customers in the aerospace.


Front page

Sohel Taj stays on after ‘talk’ with PM
Reported resignation issue of State Minister for Home Affairs Tanjim Ahmed Sohel Taj has become the talk of the town which prompted a huge gathering in front of his official residence in capital's Baily Road on Tuesday.

JS body to force HM Chowdhury, two ACC commissioners to appear before it
A parliamentary committee has decided to take action against former ACC chairman Hasan Mashud Chowdhury and two commissioners to force them to appear before it.


Call comes from first Trade Ministers Summit in Istanbul
Developing countries at a trade summit here sought support to the sustainable development efforts of the least-developing countries as well as preferential market access of their exports to the developed world, especially as a way of weathering the economic crisis on stream.

Meeting demands special budgetary allocation for women development
Speakers at a pre-budget views- sharing meeting here on Tuesday called for special budgetary allocation for women development in the greater interest of mainstreaming them in the nation-building process.


Front page

Victory Day Parade begins
The Victory Day Parade began at the Galle Face Green a short while ago.

Sri Lanka beat Bangladesh in warm up match
Sri Lanka beat Bangladesh by four wickets in a Twenty20 warn up match played in Nottingham, England today.


Asia to 'switch' SL industries to eco-friendly systems
The Industrial Technology Institute (ITI) announced yesterday that it would lead the European Commission’s SWITCH-Asia project, aimed at encouraging key Sri Lankan export sector industries to adopt eco-friendly production practices and technology.

Sri Lanka’s Networked Readiness Index goes up
Information and Communications Technology (ICT) based developments through various programmes of the Information and Communication Technology Agency (ICTA), under the e-Sri Lanka initiative, have contributed to Sri Lanka reaching higher rungs in the ICT savvy ladder.


Front page

81 Razmak students, teachers rescued, 37 still missing
Security forces rescued on Tuesday morning 81 students and teachers of the Razmak Cadet College after an exchange of fire with militants in Garyom area of North Waziristan, according to a senior government official.

Lack of data raises fears of militants escaping the net
Sources in government say there is no proper system for registering the displaced and militants could evade authorities.


Rs620bn development budget proposed
Rs262bn allocated for PSDP and Rs190bn to develop the Chashma – III and IV nuclear power plants.

EPA notices upset business community
Sindh’s Environmental Protection Agency threatens to take action against violation of environmental standards.


Front page

Army says 21 more militants killed, 18 nabbed in last 24 hours
Army said on Tuesday it had killed 21 militants in the past 24 hours of its offensive to crush Taliban extremists in pockets of the northwest, while three soldiers martyred.

Pakistan and India asked to cut defence spending
A UN official says that long-time rivals India and Pakistan must urgently reduce their burgeoning defence expenditure to quickly recover from the shocks of the current global financial crisis.

'Punjab budget 2009-10 will be people friendly'
With focus on poverty alleviation and public welfare, the Punjab budget for the year 2009-10 would be 'people friendly' in which no new tax will be imposed.

Hina Rabbani will present budget
Minister of State for Finance Hina Rabbani Khar will present the budget for the next fiscal in National Assembly likely on 13 June, it was reliable learnt.

By: Staff Reporter
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