In Wednesday's South Asia papers

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

THE TIMES OF INDIA

Front page

5 dead as Goa Express hits Mewar Express near Mathura
5 bodies recovered from the wreckage after Goa Express crashed into Mewar Express near Mathura early on Wednesday.

Nasa spy worked on Chandrayaan project
An American space scientist arrested by the FBI in the US for allegedly spying for Israel was one of the main investigators of a Nasa scientific instrument Mini-Sar that flew aboard India’s lunar craft Chandrayaan-1.

Business

RBI moves to make loans transparent
The RBI has now put forward a suggestion that the BPLR be done away with altogether. Instead, it argues, there should be a "base rate".

IOC’s 1:1 bonus issue gets approval
After a gap of six years, flagship refiner-marketer IndianOil Corporation on Tuesday said it will reward its shareholders by giving one free share for every scrip held.

THE ECONOMIC TIMES

Front page

Small investors cash out fearing correction
Retail shareholding fell in 3 out of 4 cos in the three months to 30 September, an ET study shows.

Small investors to get PSU shares 5% cheaper
Government hopes to lure individual investors who have shown lukewarm interest in two previous public issues by Public Sector Units.

THE BANGLADESH TODAY

Front page

Govt for seismic survey in Bay before going to UN
The government on Tuesday decided to conduct a seismic survey to delineate Bangladesh’s maritime territory in the Bay of Bengal for submitting its legitimate claim to the United Nations Convention on the Law of the Sea (UNCLOS) to settle disputes with its neighbours.

All steps taken for smooth performing of Hajj: PM
Prime Minister Sheikh Hasina on Tuesday said her government has made all out efforts so that the Bangladeshi Hajj pilgrims could perform the upcoming holy Hajj without any hassle and return home safely.

Business

Overseas Employment Minister for exploring new labour markets abroad
Expatriates Welfare and Overseas Employment Minister Engr Khandaker Mosharraf Hossain on Tuesday urged the Labour Attaches at Bangladesh missions abroad to explore new labour markets and improve their services to workers as overseas employment is an important livelihood opportunity for Bangladesh.

Iraqis come to Washington looking for investment
With violence subsiding back home, an Iraqi delegation will make its pitch on Tuesday and Wednesday to attract much-needed US investment in their war-torn country.

DAILY MIRROR

Front page

Lankan asylum seekers placed under detention in Canada
Canada’s Immigration Review Board member Leeann King has ordered the continued detention of 76 Sri Lankan men found on a boat off the coast of Vancouver Island.

Three Sri Lankans caught in Bangkok for credit card scam
Thai police have nabbed three Sri Lankan Tamils in downtown Bangkok for alleged credit card forgery.

Business

Tigo SL set to expand with Etisalat backing
Tigo Sri Lanka CEO Dumindra Ratnayaka has confirmed that Emirates-based telecom giant Etisalat had acquired 100% of the Tigo Sri Lanka operation from Millicom International.

IOM and the Police Dept establish database to counter human trafficking
The International Organisation for Migration (IOM) together with the Sri Lanka Police Department have created a database to combat human trafficking.

DAWN

Front page

Desperadoes attack university in Islamabad
Three girls were among six people killed on Tuesday in twin suicide attacks inside the International Islamic University, Islamabad. Two blocks were severely damaged.

Troops face stiff resistance in South Waziristan
Troops and militants were locked in fierce clashes in several Mehsud areas of South Waziristan on Tuesday and the army said that 12 Taliban fighters had been killed since Monday night.

Business

SBP raises forced sales value to benefit banks
The State Bank of Pakistan in a major move to benefit banks and Development Financial Institutions (DFIs) has increased forced sale value (FSV) from 30 to 40% to strengthen the balance-sheets of financial institutions.

Pakistan-US energy dialogue on Friday
A Pakistan-US energy dialogue would be held on 23 and 24 October in the federal capital to identify areas and develop bilateral cooperation in the field of energy, official sources told Dawn on Tuesday.

BUSINESS RECORDER

Front page

Two suicide bombers strike Islamic varsity: seven killed
In what is being regarded as the first retaliatory Taliban attack after the army launched Rah-i-Nijaat operation in South Waziristan, two suicide bombers blew themselves up at the Women’s cafeteria and faculty building of new campus of the International Islamic University Islamabad (IIUI) on Tuesday.

Supreme Court laments delay in adopting oil pricing mechanism
The Supreme Court on Tuesday lamented the delay in adoption of the new pricing mechanism for petroleum products proposed by the Justice Bhagwandas commission for providing relief to consumer.

Business

PBIT identifying new technologies to boost production
The Punjab Board of Investment and Trade (PBIT), in the pursuit of its mandate to attract investment and promote trade in Punjab, is engaged in identifying new technologies, inventions and innovations in various economic sectors to boost production and stimulate investment for commercialisation of these technological innovations.

‘NFC award to help remove sense of deprivation among province’
Punjab Finance Minister Tanvir Ashraf Kaira has said that there is no difference among provinces in the new National Finance Commission (NFC) award and all provinces are going in a right direction regarding distribution of fiscal resources.

By: Staff Reporter
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