In Tuesday's South Asia papers

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


Front page

BJP a divided house over RSS role
Many in BJP are concerned that the recent RSS activism may see the party's efforts to emerge as a stable entity capable of managing its affairs being hamstrung.

Designer Anand Jon gets 59 years for sex crimes
Designer Anand Jon Alexander, whose clothes had been worn by celebrities including Paris Hilton and Mary J Blige, was found guilty of 16 sex crimes by a US court.


IT firms free of labour laws for two years
Reciprocating IT firms' needs, the government has exempted IT/ITES and software establishments from the provisions of Industrial Employment (Standing Orders) Act 1946 (Central Act 20 of 1946).

Ford plans to bring Rs3lakh-plus small car
Ford has started work on a new low-cost small car to sell in fast-growing markets like India, China, Eastern Europe and South America.


Front page

Funds offering better returns than sensex
The net asset value (NAV) appreciation of nearly 480 funds or nearly one out of every two funds has bettered the sensex returns of 9% in the past year.

Genpact, Intelenet in line for Unitech Wireless' BPO job
Unitech is expected to shortly sign contracts for the North with Genpact and with Intelenet for the South, said sources.


Front page

Govt confirms first swine flu death
The government confirmed the first swine flu death in the country, as the H1N1 virus is spreading fast with 14 more fresh cases being detected on Monday, taking the total number of patients to 213.

No room for betrayers and conspirators in BNP: Delwar
BNP secretary general Khandaker Delwar Hossain has said Ziaur Rahman has formed BNP on the basis of a historical background and needs of the nation so no betrayers, corrupt people and conspirators have any place in the party.


NBR to set up ICT wing to generate more revenue, net tax dodgers
The National Board of Revenue (NBR) is going to set up an information and communication technology (ICT) wing to ensure a hassle-free environment for taxpayers and net more tax dodgers.

Germany, France urge bigger EU contribution to IMF
Germany and France want the EU to increase its contribution to the International Monetary Fund by two thirds to €125bn ($175bn), according to a joint letter seen by AFP on Monday.


Front page

Tissa named winner of the Peter Mackler Award
Sri Lankan journalist J S Tissainayagam has been named the first winner of the Peter Mackler Award for Courageous and Ethical Journalism.

12 Lankan fishermen held in India
Twelve Sri Lankan fishermen were brought to Thoothukudi, India on Monday, after the Indian Coast Guard arrested them in mid sea on Sunday.


Deutsche Bank hedging arbitration in Singapore
Deutsche Bank AG, one of the foreign banks involved in the controversial oil hedging deal, is expected to bring its case against the Sri Lankan government to an arbitrator in Singapore.

Federal Reserve made $14bn on turmoil loans: report
The Federal Reserve has made $14bn in profits on loans made in the last two years, the Financial Times reported on Monday, citing officials close to the matter.


Front page

PML-N gives 48-hour ultimatum to PPP Party spokesman
Ahsan Iqbal warned the presidency to cease its ‘smear campaign’ against Sharif or face ‘a befitting reply.’

Pakistan’s anti-terrorism moves a chimera: India
Pakistan has failed to take ‘real action’ despite having concrete information, India’s National Security Adviser said.


Bull run at KSE with massive foreign buying
Foreign investors registered a record purchase of Rs2bn in an end-of-month scramble for Pakistani stocks.

Commercial banks’ profits fall by 31%
Higher provisions for Non Performing Loans (NPLs) and higher administrative expenses chief factors: analysts.


Front page

Forces recover 29 terrorists' bodies
The Security Forces (SFs) have recovered bodies of 29 terrorists while combing the area after a raid last night.

Musharraf reaches Riyadh
Former President General Pervez Musharraf (Retd) reached Riyadh from London late Monday night, Chaudhry Fawad, legal advisor to the former president told a private TV Channel.


Firms investment abroad: ECC to consider MoF-SBP proposal today
The Ministry of Finance (MoF) has reportedly recommended to the government that the State Bank of Pakistan (SBP) should not be asked for submission of details of those resident Pakistani firms on quarterly basis, which are being allowed to invest abroad up to $5m, official sources told Business Recorder on Monday.

'Interests of traders to be safeguarded'
Pakistan Muslim League-Nawaz Punjab Traders Wing Secretary General Muhammad Naeem Mir has said that some so-called trader's representatives are afraid of the PML-N traders wing's growing popularity in the business circles and making false propaganda to achieve their ulterior motives.

By: Staff Reporter
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