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In Thursday's South Asia papers

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

THE TIMES OF INDIA

Front page

Rajdhani hostage saga: Motive still a mystery
The Bhubaneswar-New Delhi Rajdhani Express taken hostage by armed tribals at Banstala Halt Station was no mere blockade.

Centre plans to pave way for M F Husain’s early return
The 94-year-old painter, who has been living in exile for the last few years, wants to come back to India and had recently made an emotional appeal in this regard.

Business

Core sector growth slips to 4% in Sept
After showing a healthy expansion of 7.1% in August, the growth in core infrastructure sector dropped to 4% in September, making analysts wonder whether robust industrial recovery can be sustained.

Citi cautions on RCOM financials
Citigroup Global Markets has put out a research report cautioning investors about an alleged discrepancy in revenue reconciliation of Reliance Communications (RCOM).

THE ECONOMIC TIMES

Front page

FIIs invest in realty, cut down on blue-chips
DLF, Unitech and HDIL are latest darlings of FIIs even as they slash holdings in Infosys and others.

Delivery period for cars gets longer on rising demand
Most car manufactures tell potential buyers to wait for anywhere between 20 days and 45 days before delivery.

THE BANGLADESH TODAY

Front page

German investors keen to invest in gas, energy and coal sectors
German investors are keen to invest in Bangladesh’s gas exploration, renewable energy, bio-gas, coal mining and photovoltaic sectors.

Car bomb kills 92 in Peshawar
A car bomb tore through a packed market in Peshawar on Wednesday, killing 92 people and trapping casualties under pulverised shops, in one of Pakistan’s deadliest attacks.

Business

No time-extension beyond 1 Nov for submitting income tax return
National Board of Revenue (NBR) chairman Dr Nasiruddin Ahmed categorically said on Wednesday that there will be no time-extension for the submission of income tax return.

Revenue income Tk 7,707cr in two months of current fiscal
The government has earned Taka 7,707 crore in revenue income during the first two months of this fiscal year, said Finance Minister Abul Maal Abdul Muhith in the House on Wednesday.

DAILY MIRROR

Front page

Shan Wijayalal sworn in as Southern Province Chief Minister
UPFA candidate Shan Wijayalal De Silva, who got the highest preferential votes for the ruling party at the recent Southern Provincial Council polls, was sworn in as the Chief Minister of the Southern Provincial Council before President Mahinda Rajapaksa a short while ago.

EU tells Sri Lanka it wants action and not just words
The European Union (EU) has continued to put pressure on the Sri Lankan government to address several concerns being raised over alleged human rights allegations including media suppression and has insisted that Sri Lanka must respond through actions and not words.

Business

Aureos exits from MIT stake
Aureos Capital, an emerging markets private equity investor, has exited from its 13% stake in Sri Lankan trading software company MillenniumIT through a $30m buy-out by the London Stock Exchange Group.

Undermining Sri Lanka
The Washington Post, one of America’s leading publications, in its editorial published yesterday called on the USA to support Sri Lanka stating that "any objective comparison of Sri Lanka’s war against the Tamil Tigers or Israel’s offensive against Hamas to America’s struggle against al Qaeda would cast the United States in the same light, and elevate our enemies to a status they do not deserve.

DAWN

Front page

Peshawar bomb targets women, children
At least 101 people, mostly women and children, were killed and over 150 injured when a huge car bomb ripped through a crowded market here on Wednesday.

US not quitting the region, says White House
Hours after deadly terror attacks killed scores of people in Pakistan and Afghanistan, the White House assured the world on Wednesday that it had no plans to quit the region.

Business

A fall of 42% witnessed in 100-day budgetary borrowing
The borrowing cycle for budgetary support has reversed as the commercial banks have taken the front seat for extending loans to the government while the State Bank witnessed net retirement of debt in the first 100 days of the current fiscal year.

Textile units to get priority in gas supply
The federal government has formed a committee headed by the petroleum minister to resolve the issue of gas load-shedding for the textile sector during forthcoming winter months.

BUSINESS RECORDER

Front page

Peshawar blast death toll rises to 107
The death toll from Peshawar blast has risen up to 107 while rescue sources say that more people could still be buried under the debris.

Terrorists getting over $5bn from ATT: ISPR
Terrorists are getting over $5bn from Afghan Transit Trade, besides funding from local and foreign organisations who want to fulfil their agendas, said Major General Athar Abbas, Director General Inter-Services Public Relations (ISPR) here on Wednesday.

Business

NFC vertical resource distribution: Centre gives three options to provinces
Federal government on Wednesday gave three options for vertical resource distribution from divisible pool and suggested the provinces to agree somewhere between 50 to 60% of the total available resources under the new National Finance Commission Award.

Non-compliance with ECC decisions irks Gilani
Prime Minister Yousuf Raza Gilani has taken serious note of ‘non-compliant’ attitude of different ministries in respect of implementation of decisions taken by the Economic Co-ordination Committee (ECC) of the Cabinet, official sources told Business Recorder.

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