In Wednesday's South Asia papers

01 July 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Liberhan pins Babri blame on Sangh leaders
Seventeen years after it was set up, the Liberhan Commission submitted its report, indicting BJP and the Sangh Parivar for conspiring to demolish the Babri Masjid.

Trade war: China warns of tit-for-tat over dairy ban
China is annoyed with India’s decision to extend the ban on its dairy products by another six months, and has threatened to ban Indian products in retaliation.

Business

SBI offers two new home loan schemes
SBI has launched two new home loan schemes, SBI Easy Home Loan and SBI Advantage Home Loan, with processing fee for both waived till 30 September.

Carlyle raises $1bn, to invest in India, China
Global private equity firm the Carlyle Group raised $1.04bn from fourth Asian growth capital fund, a sector-agnostic growth capital fund.

THE ECONOMIC TIMES

Front page

SBI cuts home loan rates for first three years
State Bank of India has launched two special home loan schemes that assure low interest rates in the first three years, upping the ante for its rivals in the mortgage market that has turned bullish following a pick-up in home sales in May.

Tech majors go all out to bag Rs2K crore defence deal
TCS , Wipro and Infosys, apart from SAP and IFS Defence, are pursuing contracts worth Rs2,000 crore from the country’s defence forces.

THE BANGLADESH TODAY

Front page

Tk1,13,819 crore national budget for 2009-2010 passed
The Jatiya Sangsad on Tuesday unanimously passed the national budget involving Taka 1,13,819 crore for the 2009-2010 fiscal year with a commitment to implement the initial step of ‘Din Badal’ (charter for change of days) and Digital Bangladesh.

RMG workers damage bus in fresh protest
Locked-out garment workers damaged a bus in a fresh protest on Tuesday at Nishchintapur in Ashulia as their workplaces remained closed following three days of orgies, although huge contingents of cops largely stalled outbreaks of violence.

Business

DSE turnover tops Tk9bn mark
Turnover on the Dhaka Stock Exchange on Tuesday crossed the Tk9bn mark for the first time ever, as investors shrugged off a hoax bomb threat that shut trading an hour earlier than the scheduled a day before.

‘Govt committed to optimum use of jute’
Textiles and Jute Minister Abdul Latif Siddiqui on Tuesday told the House that the present government is committed to optimum use of jute.

DAILY MIRROR

Front page

Police make arrest in acid attack on Lankans
Australian police say they have made a breakthrough arrest over an acid attack on two Sri Lankan students in Sydney.

US panel recommends ban on two painkillers
A US federal advisory panel voted narrowly to recommend a ban on Percocet and Vicodin, two of the most popular prescription painkillers in the world, because of their effects on the liver.

Business

SL to head for quantum leap
With the dawn of the post war era, Japanese government representative, Yasushi Akashi said that Sri Lanka’s quantum leap in the economy is about to begin.

SL to recover on domestic factors: Economist
Sri Lanka will come out of the recessionary period in the wake of the easing of the economy on the domestic front, with 11% forecast for inflation for 2010, an HSBC lead economist said yesterday in Colombo.

DAWN

Front page

Parents’ plea fails to move Baitullah
The army accused the militants on Tuesday of slaughtering 18 of their own wounded men they could not take along with them while retreating from an area in Swat.

Iraqis celebrate US pullback but bombing kills 27
A car bombing devastated a food market in the city of Kirkuk, killing at least 27 people.

Business

PM approves hike in petrol, diesel prices
Prices of petroleum products have been raised between 11% and 20% for the month of July by the government due to the increase of oil prices at the international markets.

Gas price for domestic consumers reduced
Prices of gas for domestic consumers and industrial and power sectors have been reduced for six months (July to December).

BUSINESS RECORDER

Front page

Carbon surcharge: POL products’ prices increased
The government has increased the price of petrol by Rs5.92 per litre, light diesel Rs6.94, kerosene oil Rs7.48 and HOBC Rs8.50 per litre.

12 members named under four categories: FBR structure re-constituted on functional basis
The Federal Board of Revenue (FBR) has scrapped the project of creating FBR ‘Inland Revenue Wing’, and re-constituted the structure of FBR on functional basis, with 12 members in four categories of operations, functional, policy and support.

Business

CDA unveils Rs28.852bn budget for 2009-2010
The Capital Development Authority (CDA) on Tuesday announced Rs28.852bn surplus budget for 2009-2010 sans new taxation measures.

Government assures National Assembly of bringing inflation down to single digit this month
Minister of State for Finance and Economic Affairs Hina Rabbani Khar on Tuesday assured the National Assembly of bringing the inflation down to single digit from the current 14% during July.

By: Staff Reporter
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