In Thursday's South Asia papers

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

THE TIMES OF INDIA

Front page

Get ready for a hike in prices
In one of the steepest hikes ever, the government on Wednesday jacked up fuel prices by Rs4 a litre for petrol and Rs2 for diesel, triggering ominous talk of freight-rate hike by transporters.

Today is judgment day for gays
Delhi High Court will announce its much-awaited verdict on whether Section 377 can be read down to decriminalise homosexuality.

Business

Shiv Nadar elevates daughter as HCL CEO
Shiv Nadar of HCL has quietly completed his succession planning by elevating his daughter Roshni Nadar as the executive director and CEO of HCL Corp.

States to get more power from central projects
The Centre is changing the way electricity is shared among states from thermal or hydel power projects built by central utilities.

THE ECONOMIC TIMES

Front page

‘India, China will see 8% growth next year’
Robert Parker, vice-chairman at Credit Suisse Asset Management, believes growth will accelerate in emerging markets, notably China and India, helping these countries decouple from developed economies.

Government hikes petrol prices by Rs4, diesel by Rs2
The government on Wednesday raised pump prices of auto fuels to stem the losses of state-owned retailers that sell petrol and diesel below cost price, revealing its intention to deregulate the sector.

THE BANGLADESH TODAY

Front page

No law can stop Tipai Dam, Pinak says again
Indian high commissioner Pinak Ranjan Chakravarty has said his country had consulted Bangladesh over the construction of the controversial Tipaimukh dam on the Barak river.

Indian envoy defied ‘limits’ in his comments: Dipu Moni
Foreign Minister Dr Dipu Moni on Wednesday said Indian High Commissioner in Dhaka Pinak Ranjan Chakravarty defied his "limits" in commenting on Tipaimukh issue as foreign diplomats were needed to follow several limitations.

Business

ICT development key to economic growth: WB
The World Bank (WB) apparently sharing the same views on the ultimate target of the Digital Bangladesh approach in a report on Wednesday observed that the Information Communication Technology (ICT) is the key to economic growth and job creation in developing countries like Bangladesh.

Three-day conference on NRBs begins today in Dhaka
A three-day conference for promoting manpower export and contributions of expatriates under the title of ‘NRB Manpower Development and Opportunities Conference 2009: A Third Approach to Nation Building’ begins on Thursday at Sheraton Hotel in the city.

DAILY MIRROR

Front page

UN hires a lawyer to deal with detained staff
The UN has hired a lawyer to work on the case of two UN local staff members detained in Sri Lanka, Michele Montas, spokesperson for UN Secretary General Ban Ki-Moon told reporters in New York.

Sri Lanka urged to probe the murder of Tamil MPs
The Inter-Parliamentary Union is calling on the government of Sri Lanka to mount a thorough investigation of the murders of three Members of Parliament, two of them Tamils.

Business

Agri, fisheries and tourism to boost SL’s prospects
Sri Lanka’s future economic prospects lies with the growth of the island’s agricultural sector which accounts for 34% of the population. Chairman of CIC PLC BRL Fernando made this comment at the Sri Lanka Economic Summit yesterday.

Inflation drops to its lowest level in more than five years
The rate of inflation in the country as measured by the point-to-point change in the Colombo Consumers’ Price Index (CCPI) (2002=100), computed by the Department of Census and Statistics dropped sharply to a five year low of 0.9% in June, 2009.

DAWN

Front page

Troops out in Kurram after foes hold fire
Security forces started deploying in battle-scarred regions of Kurram Agency on Wednesday as the warring factions agreed to stop fighting, bringing relief to a populace reeling from the violence that broke out a fortnight ago.

Gilani calls for steps to end power crisis
Prime Minister Yousuf Raza Gilani has called for ending unscheduled loadshedding and set up a committee to work out steps for generation of additional power to overcome shortage.

Business

State Bank receives $500m ADB loan
Pakistan has received $500m Asian Development Bank loan for economic stability and deepening of safety network for the poor pushing the total reserves of the country higher than the year 2008-2009.

Fresh price spiral in the offing after POL hike
The increase in transportation charges following Rs6.94 per litre hike in diesel prices made an impact on some commodities like sugar, wheat and flour on Wednesday, according to retailers.

BUSINESS RECORDER

Front page

Operation in Swat, Malakand to be over soon: PM
Prime Minister Syed Yusuf Raza Gilani on Wednesday said as the army operation in Swat and Malakand division will soon be over, the displaced people will be sent back to their homes with respect and dignity.

Body formed to help defuse power crisis: Cabinet imposes 25% regulatory duty on import of maize
The Federal Cabinet on Wednesday imposed 25% regulatory duty on the import of maize and set up a ministerial committee with the task to propose steps for overcoming power crisis that has made the life of people pitiable.

Business

Cross-LoC trade worth Rs16.7m takes place
Cross-LoC trade worth Rs16.7m took place on weekly Poonch-Rawlakote route between the traders of AJK and Indian Occupied Kashmir, official sources said.

Pakistan and China agree to increase land trade
Pakistan’s Ambassador to China Masood Khan and Commissioner of Kashgar Prefecture Akbar Ghafoor have reiterated that land trade could be further increased through facilitation and removal of bottlenecks, a senior diplomat at Pakistan Embassy said here on Wednesday.

By: Staff Reporter
+44 20 8652 3214

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