In Wednesday's South Asia papers

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


Front page

I haven't indicted Vajpayee, says Justice Liberhan
Justice M S Liberhan on Tuesday said his report on circumstances leading to the demolition of Babri Masjid on 6 December, 1992, did not indict former PM Atal Bihari Vajpayee for his alleged "pseudo-moderate" role as a top BJP leader during the Ayodhya movement.

Obama-PM banquet: Rahman, Jennifer Hudson to perform
A R Rahman will join Jennifer Hudson in providing entertainment for the Obama's state dinner for Prime Minister Manmohan Singh, First Lady Michelle Obama revealed just hours before the banquet.


Government pushes for foreign funds
In the current financial year, foreign investors have pumped in over $16.5bn into the Indian stock market alone, one of the highest in history.

October adds record 16.67m cell users
Cellular operators added a record 16.67m new subscribers in October, the highest ever, largely driven by the newly introduced per-second billing plans by several telecom majors.


Front page

SIP investors beat equity MF peers in returns race
Whoever said volatility is bad for equity investments? Those who invested in mutual funds through the systematic investment plan (SIP) route have benefited the most from fluctuating share prices over the past 2-3 years.

Tata Comm, Infosys & four others in deal with US companies
Six Indian companies, including Tata Communications, Infosys Technologies and Apollo Hospitals, have signed separate collaboration agreements with US-based firms for joint business development at Washington on Monday.


Front page

Probe implicates BJP leaders Vajpayee and Advani
An Indian inquiry into the 1992 demolition of a mosque which triggered religious riots that left around 2,000 dead has implicated top opposition leaders, including a former premier.

BDR mutiny trial begins
The much-orchestrated trial of the 25-26 February countrywide BDR mutiny began on Tuesday as nine of the mutineers stood in the dock of special court to testify amid tight security.


Kuwait assures BD of all supports for development sector
Kuwait assured Bangladesh of providing all necessary supports for various development sectors as Prime Minister Sheikh Hasina requested the oil-rich Gulf state to enhance its trade and investment here and import more Bangladeshi manpower and quality goods.

Sustained economic growth key to boosting domestic demand: BB Governor
Bangladesh Bank Governor Dr Atiur Rahman has said that sustained inclusive economic growth with advancement opportunity open to all will be the key to strengthening of domestic demand by reducing poverty as a defense against future financial crisis.


Front page

Rs25m spent on renovating VIP bungalow
An audit conducted by the Auditor’s General’s Department has found that a VIP bungalow at Chandrika Wewa in Emibilipitiya had been renovated early this year, at a cost of Rs25.3m thus violating the government’s financial regulations.

Sri Lanka joins battle against global warming
The government has decided to invest only in renewable energy sources in the future once the Norochcholai and Sampur coal power plants are completed, Environment and Natural Resources Minister Patali Champika Ranawaka said yesterday.


Ministry announces 60-day plan to accelerate tourism
The Ministry of Tourism announced a 60 day accelerated development programme on Tuesday, to expedite the growth and development of the industry.

GSK, Dialog, MAS throw their weight behind ‘Light to Life’
Light to Life is a project by Rotary International District 3220 Sri Lanka, in partnership with JWT & Mindshare Colombo.


Front page

Government offers olive branch to Balochistan
An offer of dialogue with ‘estranged brothers’, promises of probes into political murders, army pullout from a key area, halt to new cantonments and more local control on resources marked a conciliation package for Balochistan that the government unveiled in parliament on Tuesday.

Pakistan has important role in S Asia: Obama
US President Barack Obama on Tuesday re-emphasised Pakistan’s key position in the American strategy for South Asia, telling a joint news conference with Indian Prime Minister Manmohan Singh that Islamabad had an enormously important role in the security of that region.


State Bank cuts interest rate to 12.5%
The State Bank of Pakistan lowered its policy interest rate by 0.5% to 12.5% on Tuesday

PSO signs contract with KPC for diesel
Pakistan State Oil, the country’s largest oil supplier, has reached an agreement with Kuwait Petroleum Corporation (KPC) to purchase 3.5m tonnes of high speed diesel (HSD) during calendar 2010 on 60-day credit.


Front page

Pakistan imposes curfew after Taliban clashes
Pakistan on Tuesday imposed a curfew in a key tribal district after deadly clashes with the Taliban amid rising violence away from the battlefield of a major army assault, officials said.

Four Nato oil trucks gutted, driver killed
At least four oil tankers carrying fuel for Western forces in Afghanistan were destroyed and one driver killed in Dera Allah Yar early on Tuesday, a news report said.


New investment policy: minister reiterates resolve to take all stakeholders on board
Federal Minister for Investment, Senator Waqar Ahmad Khan on Tuesday reiterated the government resolve to take all the stakeholders on board before placing the new investment policy before the Cabinet for final approval.

Indian goods transit to Kabul via Wagha: Afghan proposal rejected
Pakistan has outrightly rejected a proposal of Afghanistan to allow transit for Indian goods through land route of Wagha under the new Afghanistan Pakistan Transit Trade Agreement (APTTA).

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