In Monday's South Asia papers

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

THE TIMES OF INDIA

Front page

Swine flu cases in Delhi surge to 22
A new case of H1N1 influenza was confirmed in the Capital on Sunday, taking Delhi’s total number of swine flu cases to 22.

Insurance regulator set to define pre-existing illness
Disputes over medical insurance claims are on the rise in consumer courts across Mumbai and Thane, an increase attributed primarily to the fact that insurance companies are rejecting claims citing ‘pre-existing illnesses’.

Business

‘Fiscal deficit will not be in double digits’
Seeking to mollify the fears of banks that high government borrowing would not allow interest rates to come down, the Planning Commission on Sunday said the fiscal deficit will be high but not in "double digits".

New tax-saving scheme to fund infra in Budget?
The Centre is believed to be considering a new tax-saving scheme to garner ‘idle money’ lying with households and elsewhere in the system, primarily to fund building infrastructure.

THE ECONOMIC TIMES

Front page

Market may turn volatile ahead of derivatives expiry
With June futures and options contracts set to expire on Thursday, volatility may heighten this week, as traders square off existing positions and build fresh ones in the July series.

Scam-hit Satyam Computers renamed Mahindra Satyam
Re-branding reflects amalgamation of Mahindra’s values with Satyam’s expertise, said Anand, MD & VC, Mahindra Group.

THE BANGLADESH TODAY

Front page

Bangabandhu is proclaimer of Independence: HC
The High Court on Sunday acknowledged Bangabandhu Sheikh Mujibur Rahman as the proclaimer of 1971 Independence, declaring illegal the state-published documents naming Ziaur Rahman as its proclaimer.

No international law can stop Tipai Dam: Pinak Chakravarty
Indian HC Pinak Ranjan Chakravarty has said his country had consulted Bangladesh over the construction of the controversial Tipaimukh dam on the Barak river.

Business

DSE turnover crosses record Tk8bn
Turnover on the Dhaka Stock Exchange crossed the Tk8bn mark on the opening day of the week to touch a new high.

Unemployment rate not to rise due to economic crunch: UAE
Saqr Ghobash Saeed Ghobash, labour minister of the UAE, has said the global crisis had a major impact on the property market, banking and financial service but limited effect on the UAE job market.

DAILY MIRROR

Front page

Younis retires from Twenty20 with a plea
Pakistan Captain Younis Khan used cricket’s grandest stage to announce his retirement from Twenty20 internationals, and make an impassioned plea for teams to once again tour his country.

Iranians broadcast violence despite media ban
Foreign TV cameras may be banned from Tehran, but almost every hour graphic amateur video of violence in Iran is posted on the internet for the world to see.

Business

SL most dynamic market for insurance
Despite all the negative factors in its economic and political environments, Sri Lanka was viewed as one of the most dynamic markets for the insurance industry, an industry expert said.

IFC’s investment in India’s Apollo Hospitals will increase access to health services
IFC, a member of the World Bank Group, is providing $50m in loans to help India’s Apollo Hospitals Enterprise Ltd bring high-quality health care to numerous smaller cities across India.

DAWN

Front page

President announces cash award
President Asif Ali Zardari congratulated the national cricket team on Sunday for winning the T20 World Cup in London and announced an award of Rs1m each for Captain Younus Khan and Man of the Match Shahid Afridi and Rs500,000 each for other players.

Lashkar kills seven militants in Upper Dir
Seven suspected militants were killed in a clash with a Lashkar in Patrak area of Upper Dir on late Saturday night.

Business

War on terror causing balance of payment problem
Pakistan will face a serious balance of payment problem next year, partly because the United States has not reimbursed over $1.2bn the country spent on the war on terror.

‘Bailout’ planned for energy sector
The government has decided to bail out the energy sector, suffering from a massive circular debt, by floating paper guarantees worth Rs24bn, it has been learnt.

BUSINESS RECORDER

Front page

Fired-up Pakistan lift World T20 title
Pakistan won their first major title in 17 years when they stunned Sri Lanka by eight wickets in the World Twenty20 final at a sell-out Lord’s here on Sunday.

Without payment of duty and taxes: EC seeks clearing of aid materials and vehicles
The European Community (EC) has asked the government of Pakistan to allow local disposal of all kinds of goods, equipment, including vehicles, imported under grant-in-aid agreements, without payment of duties and taxes in Pakistan.

Business

‘Punjab budget to improve socio-economic condition of people’
Punjab government has won the hearts of people by presenting a balanced, people-friendly and tax-free budget in difficult times.

Federal, provincial budgets anti-poor: PEW
The Pakistan Economy Watch (PEW) has said that the recently presented federal and provincial budgets have proved that our leaders are least concerned about welfare of masses or stability of the economy.

By: Staff Reporter
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