In Tuesday's South Asia papers

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

THE TIMES OF INDIA

Front page

Divestment when time is right: Pranab
In an exclusive interview, finance minister Pranab Mukherjee cleared the air on PSU divestment saying that the appropriate time for equity sale had to be carefully chosen.

Judge pulls out of case involving Modi
A Gujarat high court judge, hearing a case challenging the SIT probe against chief minister Narendra Modi and 62 others in the post-Godhra riots, refused to hear it.

Business

Battered IT boots up for a holiday
The IT industry desperately needed some solace. And that is what India’s international showpiece sector got from the budget.

Farm focus: Grow more to spend more
The thrust on rural development and boosting rural consumption will give the food processing industry a leg up in terms of scale and associated cost benefits.

THE ECONOMIC TIMES

Front page

UPA-II brings back CMP in its Second Avtaar
The budget, which aimed to build on its successful election platform and please the aam aadmi, ended up scaring the aam investor: the Sensex tanked 869 points.

For markets, Budget puts a ‘buy’ on fundamentals
Pranab Mukherjee’s "inclusive" Budget has pricked the bubble inflated by the post-election euphoria to the dismay of some punters, but fund managers betting on the long term will be happy that fundamentals could be back in vogue on Dalal Street.

THE BANGLADESH TODAY

Front page

Bangabandhu’s Family Members’ Security Act approved by cabinet
The cabinet on Monday approved in principle the proposed Father of the Nation’s Family Members’ Security Act- 2009 to ensure their safety.

Medvedev, Obama sign weapons cut declaration
Russian President Dmitry Medvedev and US President Barack Obama signed a declaration on Monday pledging to reach a new nuclear arms reduction pact to replace the 1991 START accord, the White House said.

Business

‘RMG export to Germany to grow substantially despite global economic meltdown’
Ready-to-wear garment exporters on Monday said, Bangladesh exports of RMG items to Germany will increase significantly at a time when the world became upset due to the financial recession, thanks to the government’s measures to face the economic meltdown.

Export earnings suffers as ban continues on entertainment materials
The country is losing a huge amount of foreign exchange with the slapping of ban on export of entertainment materials through Compact Discs (CDs), Digital Video Discs (DVDs) and Visual Compact Discs.

DAILY MIRROR

Front page

Two Sri Lankans sentenced in UK for rape
Two Sri Lankan men in England have been sentenced to eight and a half years in jail over the rape of a 21 year old girl.

Jackson’s ghost caught on camera
Michael Jackson fans are in a frenzy over a possible sighting of the star’s Ghost at Neverland. An eerie shadow resembling Jacko’s figure appeared on a wall in the singer’s former home during a live television programme aired on CNN - and walked across the corridor.

Business

No new updates

DAWN

Front page

Fourteen killed in attack on Swat hideouts
The army claimed to have killed 14 militants during the operation in Swat on Sunday and Monday. Four soldiers suffered injuries.

Zardari vows to defeat militants
President Asif Ali Zardari has said military operations ‘are all across the board against any insurgent whether in Karachi, Lahore or whether he is in any part of Pakistan’.

Business

Supreme Court halts hike in electricity tariff
The Supreme Court on Monday restrained the authorities from hiking electricity tariffs, pending the decision on a case against soaring prices of power and a summons in a fortnight to give a detailed break down in the cost in energy generation.

Tarin for removal of tax on stock market
Shaukat Tarin, Adviser to Prime Minister on Finance, said here on Monday that he would recommend the FBR to remove withholding tax on stock market as it has no legitimacy in the presence of presumptive tax and federal excise duty.

BUSINESS RECORDER

Front page

Miliband arrives in Islamabad
British Foreign Secretary David Miliband has arrived in Islamabad for a day-long visit on Tuesday.

Trade in services with China: Cabinet directs Commerce to revisit accord
In an extraordinary development, the Cabinet has directed the Commerce Ministry to revisit the agreement on trade in services with China, signed on 21 February, 2009 at Wu Han during the visit of President Asif Ali Zardari, official sources told Business Recorder.

Business

Prime Minister seeks EU’s support for GSP plus, FTA
Prime Minister Syed Yousuf Raza Gilani has urged the EU countries to provide GSP Plus facility to Pakistan and support Pakistan’s bid for signing the Free Trade Agreement.

Government gives top priority to development of Balochistan: Prime Minister
Prime Minister Syed Yousuf Raza Gilani has said that the government attached high priority to the development of Balochistan and would make all out efforts to remove backwardness and bring the province at par with other parts of the country.

By: Staff Reporter
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