In Thursday's South Asia papers

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

THE TIMES OF INDIA

Front page

India likely to resume talks with Pakistan
Some version of a dialogue with Pakistan is expected to start soon, possibly before US secretary of state Hillary Clinton's visit to India which is likely to be in July.

Govt probes seat-for-sale scam
The Times of India's shocking expose of medical seats being put on sale by colleges in Tamil Nadu has triggered a probe into the scam by the government.

Business

No overseas investment for pension funds
A Bill is likely to limit FDI in pension companies at par with the insurance sector, where the present ceiling of 26% is set to be increased to 49%.

Pension fund investment may get tax exemption
Investments made in NPS are likely to be exempted from tax by clubbing it under Section 80CCC of the Income Tax Act, maintaining the cap at Rs1 lakh.

THE ECONOMIC TIMES

Front page

Investors take MF route to join mid-cap rally
Having burnt fingers in small and mid-cap shares last year, retail investors are playing mid-cap rally through MF route.

GM taps M&M, Tatas for sale of Saturn
M&M and Tata Motors figure in global list of more than dozen firms being tapped by bankers representing GM for sale of Saturn.

THE BANGLADESH TODAY

Front page

Second session of 9th JS begins today
The second session of the 9th Jatiya Sangsad begins at 3 pm today (Thursday).

Groupings, politics among expatriates tarnish BD’s image abroad: FM
Foreign Minister Dipu Moni on Wednesday said groupings and conflicts 'in the name of politics' of different overseas political wings have tarnished country's image abroad in some cases.

Business

Bahrain urged to recruit more manpower from Bangladesh
President Zillur Rahman on Wednesday called upon Bahrain government to recruit more manpower from Bangladesh and also urged their investors to invest in various sectors here availing a "very congenial, investment-friendly atmosphere" prevailing in the country.

Import of paper pulp, energy saving lamp to get VAT exemption from July
Paper pulp and energy saving lamp will enjoy Value Added Tax (VAT) waiver at import level from next month.

DAILY MIRROR

Front page

Murdered Lankan woman was strangled - UK police
A Sri Lankan woman found dead in a Walthamstow park, England was strangled, police have revealed.

Avoid a postwar witch hunt - HRW
The Sri Lankan government should ensure that military defeat of the Liberation Tigers of Tamil Eelam does not result in new "disappearances," unlawful killings or the jailing of government critics, Human Rights Watch said today.

Business

End of the war fosters unity
A triumphant President Mahinda Rajapaksa, addressing the nation at the Victory Parade yesterday, called on the people of the country to emerge from ideological differences and look towards the unity of the country.

Sri Lanka best place to invest in South Asia: Jim Rogers
Jim Rogers, a renowned global investor, in an interview with the Economic Times (ET) of India, said yesterday that Sri Lanka is the best country to invest in the Asian region.

DAWN

Front page

Zardari asks Holbrooke for $200m more in aid
The ambassador assured that US will provide additional assistance to Pakistan in its moments of need.

India keen to normalise ties with Pakistan: Krishna
India wants to pursue the objective of easing tensions in its relationship with Pakistan, said the Foreign Minister.

Business

Higher funds for uplift of Balochistan demanded
Socio-economic development of the province is slow and under severe pressure due to the lack of funding.

Industries told to be environmentally friendly
The Sepa exercise to curb pollution was effective as many industrialists responded to the initiative, said officials.

BUSINESS RECORDER

Front page

Zardari for access to US market: US seeking extra $200m for IDPs, says Holbrooke

US President Barack Hussain Obama has sought additional $200m humanitarian assistance for the Internally Displaced Persons (IDPs) and hopefully the Congress would give its approval, said Richard Holbrooke, the US Special Envoy for Pakistan and Afghanistan, here on Wednesday.

Oil prices higher in Asian trade
Oil prices rose in Asian trade on Thursday after falling overnight from seven-month highs in reaction to a surprise jump in US crude reserves, analysts said.

Business

Punjab may present budget in third week of this month
Punjab Finance Minister, Tanvir Ashraf Kaira has said that preparation of Budget for the next fiscal year 2009-10 is going on and it is expected that budget would be presented in the third week of June.

Shahbaz reviews priorities of Punjab budget
Punjab Chief Minister, Muhammad Shahbaz Sharif chaired a nearly three-hour long meeting on Wednesday to set the priorities for the next provincial budget and Annual Development Programme (ADP).


By: Staff Reporter
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