In Monday's South Asia papers

04 January 2010 05:00  [Source: ICIS news]


Front page

Government to match netas' I-T returns with poll affidavits
The finance ministry found that many of the poll candidates had made astounding declarations in their affidavits. However, some of them had paid paltry or no taxes.

Markets starts 2010 on firm note; Sensex opens up 72pts
The Bombay Stock Exchange benchmark Sensex on Monday rose by 72 points, or 0.41 per cent, in early trade with markets opening at 0900 hrs on the first trading session in the New Year.


Going green: Tata's new mantra
Tata Steel aims to reduce carbon dioxide emissions at its Jamshedpur plant from the current 1.8 tonne to 1.7 tonne per tonne of liquid steel made by 2012. The ideal global benchmark though is 1.5.

Asian markets begin on upbeat note
Asian markets kicked off the new decade on a high on Monday as dealers were buoyed by upbeat manufacturing data from China, while Tokyo was boosted by news of an extended credit line to Japan Airlines.


Front page

RIL sells treasury shares to LIC
Weighted average price of the deals works out to be Rs1035.1 per share.

TCS, Wipro, Infosys hiring middle & senior level staff
The companies are now undertaking such senior-level hiring to bid for big-ticket IT deals which are now opening up in the West.


Front page

SC vacates stay on HC verdict
The historic judgment declaring illegal the Fifth Amendment to the Constitution stands effective as the apex court Sunday vacated its order of stay on the High Court verdict, meaning the revival of the fundamentals of the 1972 Constitution.

Death warrant issued against 5 convicts
A Dhaka court on Sunday issued death warrants against five of the 12 condemned ex-army officers in line with the apex court verdict rejecting their appeal prayers in the Bangabandhu murder case.


Stocks begin New Year with new record
Stocks began the New Year 2010 on Sunday, setting a new record for its benchmark price index and raising the investors' confidence further.

Two insurance-related bills expected to be passed in 4th session of JS
The winter session of parliament that begins on Monday is expected to pass two insurance-related bills, aiming to streamline the country's insurance business.


Front page

UNP invites TMVP for “secret” talks to garner support
The United National Party (UNP) has invited the Tamil Makkal Viduthalai Pullikal (TMVP) for “secret” talks in an attempt to garner their support for common opposition Presidential candidate General Sarath Fonseka, UNP sources said.

Five schools in Killi to re-open tomorrow after war
Five schools in the Kilinochchi district will be re-opened for academic activities tomorrow for the first time after the war was concluded, Northern Governor G A Chandrasiri said today.


HNB to fund SLT expansion
Hatton National Bank entered into an agreement with Sri Lanka Telecom to fund their expansion projects.

Incomplete database jolts GK depositors
Discrepancies have arisen in the first stage of Golden Key security payments worth Rs350m with depositors who have been overlooked in the names database of the company not receiving their reimbursements.


Front page

Kaira for across the board accountability
Judges, generals, politicians and all those who had played a dubious role in the past should be held accountable: Kaira

OGDC blamed for oil, gas output decline
The oil production of the OGDCL has declined from about 54,000 barrels per day to about 37,500 BPD in 18 months.


Committee set up to settle traders’ claims
The committee will scrutinise the assertions of the traders whose shops were gutted in the Ashura day arson.

PM asks Finance Ministry to check sugar price
He directed the minister for proposals to ensure easy availability and at reasonable rates throughout the country.


Front page

Gilani and Nawaz discuss proposed accountability bill
Prime Minister Syed Yusuf Raza Gilani and PML-N Chief Mian Muhammad Nawaz Sharif during a telephonic conversation on Sunday evening discussed the matters of national importance, specially the proposed accountability bill.

Gas shortage delays IPPs operation: Pervaiz Ashraf visits National Power Control Centre
The independent power projects (IPPs) are ready for power generation, however, non-availability of gas for their testing has delayed the output operation, Federal Minister for Water and Power Raja Pervaiz Ashraf said on Sunday.


Incentives for REPZ revival: export to Afghanistan via land route allowed
The government has decided to extend incentives for the revival of Risalpur Export Processing Zone (REPZ), which include permission to export goods to Afghanistan via land route and 50% export to tariff areas, sources close to Secretary Ministry of Industries said.

Shahid Bhutto congratulates nation on NFC Award
Federal Minister for Youth Affairs, Shahid Hussain Bhutto has congratulated the nation, prime minister and chief ministers of the provinces on signing of 7th NFC Award with consensus, and termed it a success of the democratic forces in the country.

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