In Wednesday's South Asia papers

14 October 2009 05:00  [Source: ICIS news]


Front page

UPA ahead in Maharashtra, Haryana: Exit Polls
If predictions were to come true, the Congress-NCP combine would be pulling off quite a political feat in Maharashtra but such a verdict would also show up the sorry state of the BJP-Sena combine.

Seven envoys protest India’s tax demands
Ambassadors and high commissioners of seven rich countries have jointly protested against features of what they term India’s "retrograde" tax regime.


FDI inflow jumps over 40%
Foreign investors are rushing to India, which is coming out of the economic slowdown very fast, and giving a strong signal of recovery.

Auto sales surge 10%, car 21%
Festive season combined with easier retail financing cheered car sales in September as people rushed to showrooms to make purchases during the auspicious ‘navratra’ period and ahead of Diwali.


Front page

Equities leave bullion behind in Samvat 2065
Equities stole the show during Vikram Samvat 2065, the Hindu calendar, giving much higher returns as against other asset classes.

Dream Homes: Buy now or wait?
The festive season is considered an auspicious period for buying a new home. But, this time around, potential home owners in Mumbai are faced with the million-dollar question — to buy or not to buy.


Front page

Father of Nation Family Members Security Bill passed by Parliament
Amid huge table-thumping, parliament on Tuesday passed a bill in about five minutes on lifetime security for independence architect Sheikh Mujubur Rahman’s surviving family members, which includes prime minister Sheikh Hasina, her sister Sheikh Rehana and their children.

PM asks ministry to form trust fund to make education free
Prime Minister Sheikh Hasina on Tuesday asked the Ministry of Education to work on forming a trust fund in an effort to ensure free education in the primary and secondary level.


Japanese entrepreneurs to invest in software, textiles, pharma, mobile sectors in BD
Japanese entrepreneurs are interested to invest in various sectors including software, textile, pharmaceuticals and mobile sectors in Bangladesh.

Jamuna Bank joins mutual fund rally
Another private sector bank is joining the current rally of offering mutual fund, a seemingly attractive tool for capturing easy fund from the small investors’ wallets.


Front page

UK concerned over screening process to identify Tigers
Foreign Secretary David Miliband, speaking on the UK’s engagement in Sri Lanka during a statement to the House of Commons today, said that the UK is concerned that there is no independent visibility of the process by which over 11,000 IDPs have been identified as suspected LTTE cadres.

Sri Lanka must accelerate resettlement of IDPs – UNDP
Sri Lanka, which won its war against terrorism, has a responsibility by its people to win the peace by accelerating the resettlement process of the IDPs belonging to all communities, UNDP Director for Asia and the Pacific, Ajay Chhibber told Daily Mirror online today.


Inadequate housing – key issues in Sri Lanka: Habitat
The Government’s lack of a national policy and commitment to provide adequate housing reflects a growing problem in the urban, rural and estate sector due to some key factors that could be easily addressed by the state, the Habitat for Humanity Sri Lanka (HFHSL) states.

SL inflation is projected to be subdued
Inflation in Sri Lanka is expected to be at subdued levels in the approaching months, with current inflation remaining at around 1% during the four months up to September 2009.


Front page

SC rejects sacked judges’ petitions
The Supreme Court dropped on Tuesday charges of contempt against judges who repented having taken oath under the Provisional Constitution Order, but dismissed all applications seeking review of its 31 July verdict unseating a number of superior court judges.

Homage paid to WFP staff killed in suicide blast
A ceremony was held on Tuesday to pay homage to the staff members of the World Food Programme who were killed in the suicide attack last week.


Domestic gold prices hit fresh peak
Gold price jumped by Rs343 to hit yet another high of Rs28,285 per 10 grams on the local bullion market on Tuesday as international prices of the yellow metal climbed to a fresh record of $1,064 an ounce, market sources said.

Stocks recover 43 points on active short-covering
The share market on Tuesday shrugged off the overnight easiness as most of the leading shares staged modest recovery on active short-covering but the trading remained lacklustre in the absence of foreign buying.


Front page

Kerry promises to ‘clarify’ clauses
US lawmakers and the Obama administration sought on Tuesday to allay Pakistani concerns over conditions tied to billions in non-military US aid to Pakistan, but made clear the legislation would not be changed.

IMF projects GDP flat at 2%
Pakistan’s gross domestic product (GDP) growth is expected to remain unchanged at 2% in the 2009/10 fiscal year, the International Monetary Fund (IMF) said.


Germany re-opens investment guarantees
Germany has reopened the investment guarantees for Pakistan which were closed a few years back, says a message received here on Tuesday from Berlin.

Horizontal distribution of resources: Centre, provinces agree in principle to evolve new formula
The Centre and all the provinces have agreed to adopt a new formula through which area-backwardness, collection and generation of taxes would be considered as criteria while distributing the national resources besides population, said Federal Finance Minister Shaukat Tareen talking to the media persons after conclusion of two-day meeting here on Tuesday.

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