In Monday's South Asia papers

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

THE TIMES OF INDIA

Front page

Swine flu cases in India rise to 23
With four confirmed cases of H1N1 influenza reported in the country on Sunday, the number of people hit by the pandemic rose to 23.

Gafoor failed to lead Mumbai cops during 26/11: Panel
A two-member committee that investigated the police response to the 26/11 terror attacks has singled out then Mumbai police commissioner Hasan Gafoor for his complete failure to provide leadership in the hour of crisis.

Business

IT firms look at Japan for outsourcing deals
Indian IT companies depend overwhelmingly on the US and European markets. Between 80% and 90% of revenues is typically accounted for by just these two regions.

Maruti takes lessons from young focus of Congress
As it fights a slowdown in demand, Maruti Suzuki, the country’s biggest carmaker and Japanese major Suzuki’s biggest overseas subsidiary, is looking at taking lessons from an unexpected quarter - Congress’ victory in the general elections and the party’s focus on young leadership.

THE ECONOMIC TIMES

Front page

Home loan tax break limit may be raised
The government is considering a proposal to hike income-tax exemption available for interest payment on home loans to Rs2.5 lakh a year, to boost demand and rebuild the slowdown-hit housing industry.

Small savings likely to fetch you less
The government is expected to cut the 8% administered interest rate on its small savings schemes by 50-75 basis points in Budget 2009, two officials in the finance ministry told ET.

THE BANGLADESH TODAY

Front page

US official links up trial of war crimes with democracy in BD
Visiting US Assistant Secretary of State for South and Central Asian Affairs Robert O Blake has said that the trial of war criminals should not be politicised hindering democratic progress.

PM hopes SAARC can build peace
Prime minister Sheikh Hasina has expressed the hope that SAARC will work as an effective organisation to build peace among the South Asian people.

Business

Undisclosed money whitening a prudent decision: DSE President
Dhaka Stock Exchange (DSE) president Rakibur Rahman has said the provision for investing undisclosed money conditionally in the share market on payment of 10% tax is a prudent decision of the government and this will surely make the country’s economy vibrant.

BTCL to set up a new telephone exchange of 1.71 lakh phone lines
Bangladesh Telecommunications Co Ltd (BTCL) will set up an ultra-modern soft switch system telephone exchange of 1 lakh and 71 thousand phone lines in the metropolis under a new extension project.

DAILY MIRROR

Front page

Dhoni apologises to fans after Twenty20 loss
Indian captain MS Dhoni apologised to Indian cricket fans after crashing out of the ICC Twenty20 championship on Sunday but rejected suggestions that exhaustion from playing too many games caused the failure of his top batsmen.

Nepal is where Lanka was in 1960: ADB
Nepal has underperformed all other South Asian economies and is now where Sri Lanka was in 1960 or India in 1980, according to the Asian Development Bank (ADB).

Business

China hails advent of peace
The Government of the People’s Republic of China, in recognition of the unique opportunities now available in Sri Lanka for the development of the economy, will accelerate implementation of the Hambantota port project and other major initiatives.

CDPLC delivers anchor handling tug to Singapore
Colombo Dockyard PLC (CDPLC) announced delivering of fourth and the last of a series of four 80 Ton Bollard Pull Anchor Handling Tug Supply Vessels (AHTSV) built by the company for Greatship Global Offshore Services Pvt Ltd based in Singapore (GGOS).

DAWN

Front page

‘Decisive offensive’ ordered against Baitullah Mehsud
The government announced on Sunday that a ‘decisive offensive’ will be launched against Baitullah Mehsud, chief of the banned Tehrik-i-Taliban Pakistan (TTP), and his associates.

Pakistan showing considerable resolve: Gen Petraeus
While the situation in Afghanistan has deteriorated, Pakistan has demonstrated considerable resolve in fighting the extremists, says US Central Command chief Gen David Petraeus.

Business

Pakistan asks IMF for $4bn to plug budget deficit
Pre-empting possible delays in external flows, Pakistan has asked the International Monetary Fund (IMF) for a $4bn stand-by loan to finance the yawning budget gap in the year 2009-2010 in case multilateral donors fail to release the pledged amount to Islamabad.

Public, private sectors to have uniform pay structure
Adviser to Prime Minister on Finance Shaukat Tarin said here on Sunday that government had constituted a Pay and Pension Commission for gradually removing disparities between public and private sector pay structures.

BUSINESS RECORDER

Front page

Nine killed in Dera Ismail Khan market blast
A bomb blast in a market killed nine people in Dera Ismail Khan on Sunday, the latest in a wave of attacks since the army launched an offensive against Taliban militants.

Export of goods to shift from final to minimum tax regime
In order to broaden the tax net and force more companies to submit their accounts exporters are no longer in the final tax regime.

Business

$4bn IMF aid to be sought if FoDP’s pledges delayed
The Advisor to Prime Minister on Finance, Shaukat Tarin, said on Sunday that in case of any delay in receipts of pledges from Friends of Democratic Pakistan (FODP) Pakistan has lined up commitment of $4bn from the International Monetary Fund (IMF).

Nabeel Gabol terms budget 2009-2010 as growth oriented
State Minister for Ports and Shipping Sardar Nabeel Ahmed Gabol has termed federal budget 2009-2010 as balanced, pro-business, growth oriented and pro-poor people.

By: Staff Reporter
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