In Tuesday's South Asia papers

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

THE TIMES OF INDIA

Front page

Union minister tried to influence me: HC judge
A Madras HC judge said that a Union minister had called and tried to influence him to grant anticipatory bail to a medical student and his doctor-father in a CBI case.

Bowled over: Irfan Pathan to marry Shivangi
It’s a decision that could break a million hearts. ‘Baroda bomber’ Irfan Pathan is set to marry long-time friend Shivangi Dev, daughter of an Indian diplomat in Australia.

Business

Highway projects: Private developers queue up
Government’s intent to push national highway projects seems to be finding good response with private road developers queuing up to submit bids.

AI unions write to PM, blame govt for mess
Unions of AI have written to PM, alleging how decisions of the aviation ministry in past few years have brought the airline to the brink of closure.

THE ECONOMIC TIMES

Front page

It’s raining dividends at MFs
Equity mutual funds are handing out dividends to investors like never before. Fund houses such as Franklin Templeton, SBI Mutual, HDFC MF, Reliance MF, Tata MF and UTI have announced dividends of 20-60% in their bid to encourage investors to retain money in existing schemes.

UK’s Lloyds banks on Wipro, TCS staff
Many of the Indian recruits will be from top-rung Indian IT majors like Wipro and TCS, who are also the bank’s vendors, said officials.

THE BANGLADESH TODAY

Front page

Tipaimukh issue can be resolved through talks: PM
Prime minister Sheikh Hasina has said the problems posed by the controversial Tipai-mukh dam project by India could be resolved through bilateral discussion.

Ashulia rioters burn down garment factory
Hundreds of angry apparel workers set ablaze a 10-storey building of Hamim Group around 9:45 am on Monday in protest at the death of two of their co-workers in Ansar and police firing over the past two days at Ashulia in Savar.

Business

President urges Japan to invest more in BD
President Zillur Rahman on Monday urged the Japanese investors and importers to consider Bangladesh as a reliable location for investment and trading by exploiting various lucrative facilities being offered by the government.

Motia asks Muhith to make savings certificates tax-free for all
Agriculture minister Motia Chowdhury has proposed in the parliament that the government make dividends on savings certificates tax-free for all, not only for civil servants.

DAILY MIRROR

Front page

Australia to screen Lankan boat people for Tigers
Fears that ex-Tamil Tiger fighters may be passing themselves off as refugees will lead to the latest boatload of unauthorised arrivals in Australia - believed to be Tamils - being subjected to a particularly rigorous security screening process by the Australian authorities, the Australian media reported today.

India says Lanka not doing enough
India on Monday said Sri Lanka has not done enough to rehabilitate displaced Tamils and asked Colombo to allow the Red Cross to take up relief and give media access to refugee camps in the strife-torn areas.

Business

Prospective investment for regional growth
Investments from Sri Lankan Diasporas would flow into the country if and when regional capacity has grown and when various travel restrictions have been lifted, said members of Diasporas, at the wrap up conference of BizPAct Invest in Sri Lanka Symposium held yesterday in Colombo.

ICICI Bank, Sri Lanka Branch PBT up by 54%
ICICI Bank’s Sri Lanka branch (the "Bank") operations recorded a profit before tax of Rs312 m for the financial year ended 31 March, 2009, reflecting a growth of 54% over the previous year’s profit before tax of Rs201m.

DAWN

Front page

Taliban scrap N Waziristan peace deal
Clashes between security forces and militants intensified in North Waziristan on Monday and the Taliban scrapped a peace deal they had signed with the government 16 months ago.

No palm-greasing for relief, NA assured
Prime Minister Yousuf Raza Gilani and a federal minister assured the National Assembly on Monday that no palm-greasing would be allowed in distributing relief to people displaced by war against Taliban rebels in the North West Frontier Province.

Business

Petrol, diesel prices to rise Rs6 per litre
Prices of domestic petrol, diesel and kerosene oil are likely to be increased between Rs6 to Rs7.5 per litre for the month of July due to increase in the crude oil prices at the international markets, the Oil and gas Regulatory Authority (Ogra) has calculated.

Stock market continues to crawl up
Trading on the stock market on Monday resumed on a cautious note as the year-end buying by the financial institutions and brokerage houses was a bit slow signalling that the portfolio adjustments are in order amid fractional either-way price changes.

BUSINESS RECORDER

Front page

PPP keen to democratise Constitution by removing anti-democratic clauses: President
President Asif Ali Zardari on Monday said that Pakistan People’s Party was keen to democratise the Constitution by removing from it the anti-democratic clauses injected into it by successive dictatorships.

IMF seeks information on stock market, NSS, Nepra tariff: Meeting in Istanbul on 3 July
The International Monetary Fund (IMF), which is to quiz Pakistan’s economic managers, led by Advisor to Prime Minister on Finance, Shaukat Tarin, on 3 July, 2009, in Istanbul, has sought detailed information on the amount used by the public fund (NIT)-SEF for interventions in the stock market, their impact, stocks holdings by foreigners of shares listed on the Karachi Stock Exchange (KSE), and status of reforms of broker financing (badla), official sources told Business Recorder.

Business

Rs1.166bn budget of Gulshan-e-Iqbal Town announced
A record Rs1.166bn surplus budget of Gulshan-e-Iqbal Town for fiscal 2009-2010 was presented by Nazim Wasey Jalil here on Monday and approved unanimously.

AJK Assembly approves Rs35.4bn budget
Azad Jammu & Kashmir Legislative Assembly, on Monday unanimously approved tax-free budget amounting to over Rs35.406bn for the next fiscal year.

By: Staff Reporter
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