In Thursday's South Asia papers

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

THE TIMES OF INDIA

Front page

US-China ties not at India's expense, says Washington
Key American officials went into damage control mode on Wednesday after New Delhi reacted sharply to Washington's endorsement of a Chinese role in South Asia, saying US relationship with China would not be at India's expense.

Vande Mataram should be made optional: Tharoor
Union minister of state for external affairs Shashi Tharoor, who has a penchant for controversy, has called for making the national song, 'Vande Mataram', optional.

Business

Next Tata group head could be an expat: Ratan
Could India's most respected corporate group, a brand name synonymous with economic nationalism, come to be headed by an expatriate? It is possible, acording to Tata Group chairman Ratan Tata.

First time in two decades, India to import rice
The Centre on Wednesday said it may have to import rice -- the first time in 20 years -- to make up the shortfall in kharif crop even though it has surplus stock in godowns.

THE ECONOMIC TIMES

Front page

Mobius bets big on BRIC stocks, expects 40% gain
Mark Mobius said stocks in Brazil, Russia, India and China are likely to rise by 30-40% within three-to-four years as higher economic growth and lower government debt spurs corporate earnings.

RIL-RNRL gas deal could cost country Rs 1 lakh crore: Centre
Implementing the Ambani family agreement on gas supply by RIL to RNRL could cost the country Rs 1 lakh crore, said the Centre on Wednesday ducking the SC’s uncomfortable questions about its docile role before the Bombay HC and braving RNRL’s cross-examination threat.

THE BANGLADESH TODAY

Front page

Historic SC verdict today
The Appellate Division of the Supreme Court pronounces judgment in the long-pending Bangabandhu Murder Case at 11am today (Thursday) under a security blanket covering the highest court precincts.

3,000 extra police to guard capital under security cover
More than 3,000 additional police have been posted at different strategic points in the capital, including 500 making a security bulwark around the Supreme Court, to maintain order as the apex court on Thursday hands down final judgment to the condemned ex-army officers in the Bangabandhu murder case.

Business

President urges Belgium to invest in Bangladesh
President Zillur Rahman on Wednesday urged the Belgian entrepreneurs to invest more at the country's many potential sectors taking advantage of many lucrative offers providing by the present government.

Dhaka to seek list of duty, quota free exports at WTO summit
At the forthcoming WTO summit in Geneva, Bangladesh would seek the working out of a clear list of exports from LDCs to be eligible for duty free and quota free access to the developed countries with 2010.

DAILY MIRROR

Front page

Allegations of fraud against nine Ceylinco directors
Cases have been filed against 9 directors of Ceylinco Seylan Property Limited who are accused of defrauding 23 investors of up to Rs27m.

Lankan held selling runaway maids to brothels in Kuwait
Acting on information and armed with a search and arrest warrant, police raided an apartment in Hassawi and arrested a Sri Lankan woman and referred her to the authorities,  the Al-Watan Arabic daily reported.

Business

CB cuts policy rates
Central Bank yesterday cut its policy rates slightly more sharply than its previous exercise, whilst the regulator continues to grapple with the challenge of managing excessive liquidity in the market.

Capital loss forces TFC to call EGM
A serious loss of capital at The Finance Company (TFC) has forced its directors to urgently summon an Extra-ordinary General Meeting (EGM) of shareholders on 11 December.

DAWN

Front page

Pakistan urged not to fear Indo-US ties
The United States assured Pakistan on Wednesday that it had nothing to fear from growing US-India relations because Washington also valued its ties with Islamabad.

Armed forces alive to threats, says Kayani
Chief of the Army Staff Gen Ashfaq Parvez Kayani on Wednesday said that armed forces of the country were fully alive to threats facing the nation.

Business

Provinces lock horns over NFC formula
Although federal Finance Minister Shaukat Tarin was optimistic about progress on the National Finance Commission (NFC) award, the final outcome was still a far cry as the parties were unable to conclusively decide on vertical distribution of resources and to engage on bridging the gap on horizontal distribution.

Import of petrol to remain low: OCAC
Import of petrol may remain low in November and December owing to a slight decline in its demand.

BUSINESS RECORDER

Front page

US missile kills four militants
At least four militants were killed and five others wounded in a US drone missile strike in tribal region near the Afghan border, officials said on Thursday.

Army shell accidentally kills six civilians
An army shell intended for a militant hide-out accidentally killed six civilians in Shahukhel, Hangu on Wednesday, police said.

Business

Malaysia, Pakistan to enhance investment opportunities
Malaysia and Pakistan have agreed to explore and enhance mutual investment opportunities through an interactive co-ordination between the Pakistan Board of Investment and the Malaysian Industrial Development Authority (Mida).

Foreign investment declines
The foreign direct investment (FDI) is continuously on the decline for last few months and it posted a decline of 53% during the first four months of the current fiscal year.

By: Staff Reporter
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