In Thursday's South Asia papers

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

THE TIMES OF INDIA

Front page

Indo-US nuke deal will be taken forward: Clinton
Indo-US nuclear deal allows the US to move beyond concerns about the status of India’s nuclear program, an issue that dominated the relationship between the two countries for much of the last decade, Secretary of State Hillary Clinton said on Wednesday.

Shiney to undergo DNA test: Cops
Police will now conduct DNA tests on actor Shiney Ahuja, who allegedly raped his maidservant at his residence on Sunday. It is expected to provide crucial evidence in the case.

Business

AI plans to hike fuel surcharge
The surcharge hike by Jet and Kingfisher has only increased the difference between the total and basic fare.

Fiat brings Grande Punto at Rs3.99 lakh
Fiat India rolled out the Grande Punto hatchback on Wednesday with an aggressive Rs3.99 lakh price tag (ex-showroom Delhi), pitching it against segment leaders Suzuki Swift and i10, while pricing it way below Hyundai i20 and Honda Jazz.

THE ECONOMIC TIMES

Front page

Satyam virtual pool better than lay-offs: C Achuthan
C Achuthan, the government nominee on the board of Satyam Computers, spent several weeks with legal advisors to estimate legal liabilities and settle issues with regulatory agencies ahead of the sale of the fraud-hit firm.

PEs play white knights to BPO companies
PE is undoing a part of US President Barack Obama’s drive against outsourcing by pushing companies to send their IT and back-office operations to cheaper destinations.

THE BANGLADESH TODAY

Front page

Govt decides to connect BD with Asian Highway: PM
Prime Minister Sheikh Hasina on Wednesday told the House that the government has decided in principle to connect Bangladesh with the Asian Highway.

BNP for continuation of caretaker govt system
BNP Secretary General Advocate Khandaker Delwar Hossian on Wednesday said the caretaker government system is needed until changes and thinking in the minds of political leaders, and the party influence on the administration are removed.

Business

Allocation to agriculture sector is inadequate: BRF
Bangladesh Rice Foundation (BRF) in its budget reaction said that less allocation for the agriculture sector compared to other sectors has been made in the proposed budget though it is contributing about 22% to the national economy.

Facilities provided in budget to boost housing sector: Sheltech MD
Dr Toufiq M Seraj, Managing Director of Sheltech, a real estate company, has said if the facilities provided for the housing sector in the proposed budget is properly implemented, the sector will be saved from the ongoing global economic recession.

DAILY MIRROR

Front page

Lanka may become ‘Hong Kong of India’ after war: HSBC
Sri Lanka’s economy can bounce back from its weakest growth in six years and become the "Hong Kong of India" as the end of almost three decades of civil war boosts business opportunities, the HSBC Private Bank said.

Sri Lanka releases nine Indian fishermen
Nine fishermen from India arrested on 8 June by Sri Lankan Navy have been released and were handed over to Indian Coast Guard personnel at the International Maritime Boundary line in the Palk Strait on Wednesday.

Business

Peace will usher full economic success for SL
The recently concluded G20 meeting and the decision taken by all member countries to act together to find a way out of the current global economic situation was a turning point in providing a real solution to the current global financial crisis.

$42bn channelled through ACU in 2008
The Asian Clearing Union (ACU) announced that its transaction volume for the year 2008 increased by 32% to $42bn.

DAWN

Front page

EU, Pakistan to kick-start strategic talks
Pakistan and the European Union on Wednesday vowed to kick-start a strategic dialogue covering security, aid, trade and measures to promote democracy.

Clinton urges better US-India-Pakistan cooperation
Secretary of State Hillary Rodham Clinton is urging greater counterterrorism cooperation among the United States, India and Pakistan and says she will visit India next month as the Obama administration moves to strengthen ties with New Delhi.

Business

Shaukat Tarin pledges to revise finance bill
Adviser to the Prime Minister on Finance Shaukat Tarin has said that the finance bill will be revised in consultation with the representatives of the business community before it is presented in the National Assembly.

NWFP allocates Rs51.15bn for ADP
The NWFP government on Wednesday unveiled Rs51.156bn annual development plan (ADP) for the fiscal year 2009-2010, which is 31% higher than the outgoing fiscal year.

BUSINESS RECORDER

Front page

EU pledges aid, Pakistan seeks trade concessions
The European Union pledged on Wednesday to give Islamabad millions of euros in humanitarian aid to help people displaced by fighting between Pakistan’s army and the Taliban.

Duty on energy savers, free import of bullet-proof cars: Finance’s attempt stymied by Cabinet
The Cabinet in its meeting on 13 June, 2009, is reported to have stymied Finance Ministry’s attempt to impose customs duty on energy savers as well as give approval to import duty-free bullet-proof vehicles, to be used by investors, official sources told Business Recorder.

Business

National Assembly proceedings: Government urged to immediately summon NFC meeting
The lawmakers from the smaller federating units in the National Assembly on Wednesday urged the government to immediately summon the meeting of the National Finance Commission (NFC) to set a new formula for payment of dues to provinces pending against the Centre ever since the previous NFC award.

Debate on finance bill 2009: Opposition senators slam levy of more taxes, term budget as IMF dictated
The opposition senators on the second day of debate on finance bill 2009 slammed the levy of more taxes as a move to further suppress poor segments of the society along with increasing inflationary pressure mainly on IMF dictates.

By: Staff Reporter
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