In Thursday's South Asia papers

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

THE TIMES OF INDIA

Front page

Counting of votes starts for assembly elections in three states
Counting of votes has started for the Assembly elections in three states: Haryana, Arunachal Pradesh and Maharashtra.

Only 27% RTI applicants get info sought
Four years after the pioneering Right to Information regime came into force in India, many hurdles remain in the way of a citizen accessing information.

Business

GDP seen growing 6.75%
The Indian economy may grow at 6.75% in 2009-10 as against 6.7% in 2008-09, projected Economic Outlook for 2009-10 on Wednesday, prepared by Prime Minister’s Economic Advisory Council (PMEAC).

Stimulus to continue, says Pranab
Interest rates are likely to remain soft as FM Pranab Mukherjee on Wednesday ruled out any immediate plans to withdraw the fiscal stimulus.

THE ECONOMIC TIMES

Front page

Galleon to liquidate funds, stocks in play
Stocks held by the disgraced hedge fund group Galleon in India could see more action with the founder Raj Rajaratnam telling investors that he will liquidate the funds.

Tata Motors may check Nano for faulty switches
Tata Motors said it may undertake a pre-emptive check on the 7,500-odd Nanos that have been delivered till date after a faulty combination switch in the world’s cheapest car resulted in fires in at least three cases across the country.

THE BANGLADESH TODAY

Front page

Arrange roundtable of political parties for consensus
BNP secretary general Khandaker Delwar Hossain has urged President Zillur Rahman to arrange a roundtable talks with the participation of all political parties to reach a political consensus that can resolve all sorts of crises in the country.

BDR mutiny trial to start soon in six courts
The BDR mutiny trial will start at the end of this month or at the beginning of the next after the constitution of separate courts in the six divisions by the border guards' chief, the law minister said on Wednesday.

Business

SEC bars market players making sensitive comments
The Securities and Exchange Commission (SEC) on Wednesday advised the people of the organisations and companies relating to stock market for not making any sensitive comment that may influence the share investors.

Kachurloti can be major forex earner
The creepers of arum - kachurloti - could become one of the major foreign exchange earners as the product grown on a hectare spending Taka 75,000 could fetch nearly Taka 400,000.

DAILY MIRROR

Front page

Draft resolution on Lanka before European Parliament
A draft resolution on Sri Lanka put forward to the European Parliament, which will be debated today and is likely to be adopted, has called for the “rapid and full implementation” of the 13th Amendment to the Sri Lankan Constitution.

UN visits Sri Lankan migrants detained in Vancouver
Officials of the UN high commissioner for refugees have been allowed to visit 76 ethnic Tamil Sri Lankans who were smuggled into Canada and were subsequently detained.

Business

SL will not seize Raj’s assets until proven guilty-CBSL
In the wake of Sri Lankan-born billionaire Raj Rajaratnam’s arrest by FBI agents in the USA on charges of insider trading, the Central Bank of Sri Lanka said that Mr Rajaratnam’s local investment portfolio would remain unchanged and the CBSL would not seize his assets in Sri Lanka until he is proven guilty of financing terrorism.

No “abnormal behaviour” by Rajaratnam at CSE – Kariyawasam
Colombo Stock Exchange (CSE) Chairman Udayasiri Kariyawasam said yesterday that they had not observed any “abnormal behaviour” in the local share market by the now-arrested Mr Raj Rajaratnam of the Galleon Group.

DAWN

Front page

US Congress approves new restrictions on military aid
Both chambers of the US Congress have quietly approved a bill that seeks tough new restrictions on military aid to Pakistan, aides told Dawn on Wednesday.

India behind most terror attacks, says Malik
Interior Minister Rehman Malik on Wednesday accused India of sponsoring terrorism in Pakistan, saying Delhi itself would be responsible for any terrorist attack if carried out in future on its soil.

Business

July-Sept current account deficit narrows to $462m
The current account deficit of the country declined by 89% in the first quarter of the current fiscal year while September witnessed the current account surplus.

KSE-100 plunges another 321 points
The share market on Wednesday took another massive plunge as the KSE 100-share index was quoted lower by 3.36% or 321.28 points at 9,247.79 on near-panic selling in most of the MNCs by the foreign investors followed by the locals, analysts said.

BUSINESS RECORDER

Front page

Operation Rah-e-Nijat: forces kill 15 terrorists in South Waziristan
Security forces killed 15 terrorists in South Waziristan Agency (SWA) during the ongoing military assault against the terrorists of Mehsud network in 'Operation Rah-e-Nijat' (the path of salvation), while three security officials including one officer were martyred.

Turkish Prime Minister to address joint session of Parliament
Turkish Prime Minister Recep Tayyip Erdogan will address the joint session of the Parliament of Pakistan on Monday, reliable sources told Business Recorder on Wednesday.

Business

89% decline in first quarter current account deficit
Pakistan's current account deficit posted a decline of 89% in the first quarter of the current fiscal year, mainly due to higher home remittances and sharp decline in trade deficit.

'Ras Al Khaimah one of the fastest growing free trade zones'
Ras Al Khaimah Free Trade Zone (RAK-FTZ) is one of the fastest growing and most cost-effective free trade zones of the region and is rapidly becoming the preferred business hub in the Middle East.

By: Staff Reporter
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