In Tuesday's South Asia papers

10 November 2009 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Protests over assault on Azmi, suspension of MNS MLAs
Four MNS MLAs were suspended from Maharashtra assembly for manhandling Samajwadi Party MP Abu Azmi after he took the oath of office in Hindi.

Pak daily passes ‘death sentence’ on US journalist
The Pakistani daily ‘Nation’ has endangered the life of Wall Street Journal’s Matthew Rosenberg by calling him a CIA spy linked to the Israeli secret service Mossad.

Business

AI to pare down perks of top brass
Babus may think twice before accepting top positions like CMD or director in Air India as aviation ministry is finally paring down the exorbitant perks here to general industry levels.

Sebi allows auction of shares in follow-on offer
Sebi on Monday allowed companies to go for pure auction of shares (offered at bid price) in a follow on public offer for pricing of issues for institutional investors.

THE ECONOMIC TIMES

Front page

Stocks to be volatile: Morgan Stanley
Ridham Desai feels that stocks will be volatile in near term and after a spectacular run-up this year further gains will be muted in 2010.

Bajaj, Renault to announce details of ultra low cost car
Bajaj Auto and Nissan-Renault have decided to go to market together with the ultra low-cost car.

THE BANGLADESH TODAY

Front page

Shanti Bahini guerrillas were sponsored, trained by India
Indira Gandhi was voted out of power in 1977, just when India’s external intelligence organisation, R&AW, was preparing to substantially step up its backing for the Shanti Bahini, says Subir Bhaumik in his just-released book "Troubled Periphery: Crisis of India’s Northeast".

Dhaka-Thimphu joint communiqué
Bangladesh and Bhutan on Monday issued a joint communique, promising enhanced connectivity particularly though land routs and cooperation in tapping hydropower at the Himalayan foothill nation for mutual benefits as Prime Minister Sheikh Hasina ended her four-day visit here.

Business

Muhith stakes a hardline on RMG incentives
The government has again taken a hard line on providing financial incentive package to apparel sector seeking funds to bounce from a downturn induced by global meltdown, the finance minister says.

Global economy skirted depression
The world has avoided an "extremely threatening" depression but there are outstanding risks that could topple renewed economic confidence, leading central bankers said on Monday.

DAILY MIRROR

Front page

EU says no move to impose sanctions on Sri Lanka
The European Union (EU) says there is no move to impose any form of sanctions on Sri Lanka over alleged human rights abuses but on the contrary the EU is keen to maintain constructive dialogue with the Sri Lankan authorities including on the GSP plus issue.

Several Sri Lankans living under a bridge in Jeddah
Several Sri Lankan migrant workers in Jeddah, Saudi Arabia say they have been living under a bridge seeking help from the authorities to come back home.

Business

SL invites the world to ride on new growth phase
Sri Lanka yesterday used a top level global forum in India to invite the world to ride on the new growth phase the country is preparing for following the end of the 30 year conflict.

Raj factor continues to haunt Colombo bourse
The ‘Raj Rajaratnam’ factor continues to haunt the Colombo bourse as it lost Rs15bn in value yesterday as investors panicked despite positive sentiments stemming from the likelihood of former Army Commander Sarath Fonseka being a common presidential candidate and strong macro economic fundamentals boosted by IMF support.

DAWN

Front page

Report on N-assets mischievous and absurd: Gen Majid
Chairman Joint Chiefs of Staff Committee Gen Tariq Majid has dismissed as ‘absurd and plain mischievous’ a report by American journalist Seymour Hersh published in The New Yorker about alleged vulnerability of Pakistan’s nuclear assets and facilities.

Aitzaz says he has been offered senior position
PPP leader and former president of the Supreme Court Bar Association Aitzaz Ahsan has confirmed reports that he has been offered a senior position in the government.

Business

Textile ministry blamed for defying cabinet
The ministry of textile industry has violated the federal cabinet decision by including textile units located in Export Processing Zones (EPZs) in the textile policy announced on 12 August, for availing drawback on local taxes and levies, textile industry sources alleged.

Philippines plans record 0.6m tons rice import
The Philippines is coming back to the market for the second time in a month with a tender for 600,000 tons of rice in December, its largest ever single buy that could see prices spike.

BUSINESS RECORDER

Front page

CNG dealers observe token strike today
All Pakistan CNG Association has announced 24 hours token strike in Islamabad, Rawalpindi, Attock, Jhelum and Gujjar Khan on Tuesday to press for their demands.

Aitzaz admits he was offered slot in government
Former President Supreme Court Bar Association (SCBA) Aitzaz Ahsan has said that being a party member there was noting wrong in accepting any position in the government if offered.

Business

Saudi Arabia announces $380m loan for Pakistan
Saudi Arabia announced on Monday that it would give $380m loan to Pakistan.

External accounts position improving: Finance Ministry informs ECC
The Finance Ministry has informed the Economic Co-ordination Committee (ECC) of the Cabinet that the external accounts position of Pakistan has been continuously improving but prospect for the balance of payments hinges significantly on the magnitude and timing of external inflows as well as the outlook for international oil and commodity prices during the current financial year 2009-10.

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