In Tuesday's South Asia papers

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

THE TIMES OF INDIA

Front page

India’s T20 exit queers the pitch for advertisers
Knives are out for Mahendra Singh Dhoni & Co, with India crashing out of the Twenty20 World Cup, and advertisers are chewing their nails fearing a slump in viewership, but event broadcaster ESPN Star Sports is sitting pretty, having sold all the spots for the entire tournament at a premium.

He survived Kargil, only to die in Delhi robbery
A Rajputana Rifles veteran, 54-year-old Baldev Singh, who worked as the security in-charge at a Delhi petrol pump, was shot dead by three robbers on Monday.

Business

Coal ministry okay with CIL selloff, may open doors for pvt entry
The coal ministry is not averse to offloading part of the government’s stake in Coal India Ltd if there was a need to do so but will first have to amend the Coal Mines Nationalisation Act, Coal Minister Sriprakash Jaiswal said even as he prepares to submit norms for opening up the sector for full private participation at his meeting with finance minister Pranab Mukherjee on Tuesday.

Gems export lose shine, Sharma seeks sops from FM
Gems and jewellery exports continued to shrink for the eighth month in a row and dropped 24% from a year-ago period to $1.5bn in May, even as Commerce Minister Anand Sharma met Finance Minister Pranab Mukherjee on Monday with a wishlist of financial packages for exporters.

THE ECONOMIC TIMES

Front page

RNRL verdict: Govt’s share to remain unchanged
The Bombay High Court ruling obliging Reliance Industries to sell gas to Reliance Natural Resources at $2.34 per mBtu will not impair the government’s share of revenue from gas sales.

Advance tax kitty hints at rebound
Most companies that figure in the list of 100 top taxpayers from Mumbai have reported a higher tax payment for the April-June quarter - an indication of improved earnings over the year-ago period.

THE BANGLADESH TODAY

Front page

Cabinet okays Bangladesh’s accession to Asian Highway
The cabinet on Monday approved Bangladesh’s accession to the Asian Highway network though the route through the country will be decided later on from among three options.

Vow to resist construction of Tipaimukh Dam
The construction of Tipaimuk Dam on Barak River will be resisted at any cost and the government will be forced by countrywide movement to raise its voice against this evil plan of India.

Business

‘Unemployment could soar by up to 59m worldwide’
The International Labour Organisation called on Monday for urgent measures to save jobs, at the opening of a summit on the economic crisis marked by fears that unemployment could soar by up to 59m worldwide.

DSE mulls tough regulations to grill junk companies
The non-performing companies listed with stock exchanges are likely to be grilled on a set of new rules and regulations as the country’s premier bourse has initiated a move to toughen the regulatory measures to protect the investors’ interest.

DAILY MIRROR

Front page

Norway was close to succeeding in Sri Lanka - Solheim
Norwegian Minister and former peace broker in Sri Lanka Erik Solheim says the Norwegian government was very close to achieving peace in Sri Lanka before hostilities resumes once again.

Shootout between fleeing gunmen and Police
A shootout erupted between fleeing gunmen and police at Kotte a few minutes ago resulting in one of the gunmen being shot dead and at least three others managing to escape.

Business

World not over worst of recession: EBRD
The global economy is not over the worst of the recession, Erik Berglof, chief economist at the European Bank for Reconstruction and Development, said on Monday.

JKH Hotels makes Rs5.1bn revenue despite losses
Despite the economic turmoil which prevailed last year, John Keells Hotels PLC group has achieved a revenue of Rs5.1bn in the financial year ended 31 March 2009.

DAWN

Front page

Military resolve to crush militancy
Chief of the Army Staff General Ashfaq Parvez Kayani and Chief of the Air Staff Air Chief Marshal Rao Qamar Suleman have reiterated their resolve to defeat terrorists who were challenging the writ of the state.

Qureshi warns of Taliban moving into India, Gulf
Foreign Minister Shah Mehmood Qureshi has called for more international aid to combat extremists, saying that the Taliban could otherwise move into India and the Gulf.

Business

Cement becomes cheaper, car prices slashed
Two leading auto manufacturers on Monday cut prices in a positive gesture to the government decision of removing the 5% federal excise duty (FED) from next fiscal year 2009-2010.

Rs2bn package for Thar coalfield
Consultants will be arriving shortly to prepare documents for international bidding for Thar Coal project under the World Bank’s technical assistance loan of $30m.

BUSINESS RECORDER

Front page

Medvedev, Zardari, Karzai pledge united front on terror
Russia’s Dmitry Medvedev, Afghan leader Hamid Karzai and Pakistani President Asif Ali Zardari vowed on Monday to unite in the battle against terrorism.

Energy, trade: Pakistan and Tajikistan vow to expand cooperation
Pakistan and Tajikistan on Monday vowed to expand cooperation in energy sector, besides widening ties in other areas of mutual interest.

Business

Punjab budget today: Rs8bn being allocated for ‘Sasti Roti Scheme’
Pakistan Muslim League-Nawaz (PML-N) led Punjab government is all set to allocate an amount of Rs8bn in the budget 2009-2010 for ‘Sasti Roti Scheme.’

Balochistan budget likely on 20 June
The Balochistan budget, having an outlay of Rs75bn, for the next fiscal year is likely to be presented on 20 June.

By: Staff Reporter
+44 20 8652 3214

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