In Wednesday's South Asia papers

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

THE TIMES OF INDIA

Front page

Buddhadeb defies Karat on Naxal ban
A day after CPM general secretary Prakash Karat opposed the Centre’s decision to outlaw CPI (Maoist), his comrade and West Bengal Chief Minister Buddhadeb Bhattacharjee said the state government could not ignore the ban order, reinforcing the already-strong perception of divergence between the central leadership of the party and the powerful "Bengal" unit.

India has largest number of domestic terror groups
The CPI (Maoist) swells the list of indigenous terror groups operating on our soil to 27, making India home to the largest number of domestic terrorist organisations in the world.

Business

Advance tax kitty turns positive
The sign of economic recovery is becoming more evident, as the growth in the advance tax collection has become positive in the first quarter of 2009-2010 (April-June), after remaining negative in the previous two quarters, when the economy was badly hit because of the global financial crisis.

Great Offshore: ABG makes a counter bid
The tide suddenly changed on Tuesday in the bid for Great Offshore, with ABG Shipyard taking Bharati Shipyard head-on and setting the stage for a prolonged battle for control of the offshore services firm.

THE ECONOMIC TIMES

Front page

My priority is to leverage Satyam’s strengths: Gurnani
Tech Mahindra will hold a stake of up to 43% in Satyam, if the open offer fails to elicit response, said Mr CP Gurnani, the new CEO of Mahindra Satyam.

Affordable housing a misnomer in present form: Parekh
HDFC chairman Deepak Parekh says although real estate prices have come down it could fall further as realty prices are still high.

THE BANGLADESH TODAY

Front page

Govt firm on freeing society from corruption: PM
Prime Minister Sheikh Hasina on Tuesday said that her government will take all necessary steps including further strengthening the Anti Corruption Commission (ACC) to make the society free from corruption.

BNP wants withdrawal of Indian High Commissioner
The parliamentary party of the main opposition BNP has demanded that Indian high commissioner Pinak Ranjan Chakravarty be withdrawn for what it said was his meddling in the internal affairs of Bangladesh.

Business

BGMEA to get share of stimulus package to overcome recession: Faruk Khan
Commerce Minister Lt Col (retd) Faruk Khan on Tuesday admitted that Bangladesh, especially its export industries, began to feel the prick of global financial meltdown and assured of all-out support to the affected sectors to weather the recession effectively.

Physicians seek adequate budget to ensure primary healthcare, emergency treatment for all people
Noted physicians at a roundtable in the city on Tuesday stressed the need for adequate budgetary allocation to ensure primary healthcare as well as emergency treatment for all at the government hospitals across the country.

DAILY MIRROR

Front page

Sri Lankan delegation to meet Indian officials
A Sri Lankan delegation led by MP Basil Rajapakse is scheduled to meet a top Indian delegation in New Delhi today to discuss the latest situation in Sri Lanka with the end of the conflict with the LTTE, Indian media reports said.

Ship moves out of Indian waters
Humanitarian ship M V Captain Ali, carrying relief materials for the internally displaced people in Sri Lanka has now moved out of Indian waters and is currently anchored in international waters.

Business

Private sector corruption - A big hit on the future
Corruption and bribery in the profit-oriented private sector will have a far-reaching impact on the future of the economy and the country as a whole, President’s Counsel, Wijedasa Rajapakshe said yesterday at a seminar on ‘whistle blowing’ organised by the Institute of Chartered Corporate Secretaries of Sri Lanka.

Sri Lanka Tata tea unit warns of tough wage talks
Watawala Plantations, whose profits fell sharply last year, has warned that talks on a new wage deal with labour could be tough as most firms in the tea industry face cash flow problems.

DAWN

Front page

Missile attacks kill 50 in South Waziristan
At least 50 people, including an important militant commander, were killed in a series of suspected US missile strikes in South Waziristan on Tuesday.

Withdrawal of power, gas subsidies criticised
The entire opposition staged a token walkout from the National Assembly on Tuesday to protest the government’s intention to withdraw electricity and gas subsidies.

Business

Pepco faces shortfall of 4,000MW
The shortfall of Pakistan Electric Power Co (Pepco) went beyond 4,000MW as a combination of hot weather, taking demand beyond 15,000MW, and gas supply cuts to some of the units reduced electricity generation.

Suspension of supplies hits marble business
Routine business of marble factories in Attock and Khairabad has been affected, besides there is nearly 100% price escalation of marble products, particularly tiles, in the market due to suspension of raw material supply from some northern parts of the NWFP, including Malakand, Buner, Swat and Dir, where a military operation is going on against militants.

BUSINESS RECORDER

Front page

US drone attacks kill 65 in South Waziristan: Mehsud’s rival Qari Zainuddin assassinated
At least 65 ‘militants’ were killed in US drone attacks in South Waziristan Agency on Tuesday, while a gunman working as a guard killed Qari Zainuddin, a rival of Pakistani Taliban leader Baitullah Mehsud on Tuesday, security officials said.

Imposition of carbon surcharge: 17% hike in POL prices from 1 July likely
The consumers are likely to face 17% hike in oil prices after imposition of "carbon surcharge" on petroleum products in place of petroleum development levy (PDL) effective from 1 July, 2009.

Business

ANP’s position on NFC award: 60% of FDP resources must go to provinces
Awami National Party (ANP) has said that under the new National Finance Commission (NFC) award, 60% of the Federal divisible pool (FDP) resources should go to the provinces and the remaining 40% may be utilised by the Centre.

Preparation of Budget 2009-2010: Government under fire at Sindh Assembly for not consulting MPAs
Legislators from treasury and opposition benches in Sindh Assembly on Tuesday censured the government for not consulting the elected representatives of public in the preparation of fiscal budget 2009-2010.

By: Staff Reporter
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