In Wednesday's South Asia papers

21 November 2007 04:30  [Source: ICIS news]

MUMBAI (ICIS news)--These were the top stories at 4:00GMT in the following South Asia newspapers’ online versions on Wednesday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:

The Times of India
Front Page

Brand Bangalore takes a hit
The ongoing political circus seems to have pushed Karnataka into suspended animation. It has tarnished its image of a favoured business destination. The political tamasha the state has endured is being discussed by global CEOs and international venture capital and private equity funds.

Pakistan nukes already under US control: Report
Pakistan's nuclear weapons are already under American control even as analysts are working themselves into a lather on the subject, a well-regarded intelligence journal has said.

Business

Fuel prices go to GoM
A group of ministers (GoM) will examine whether fuel prices need to be raised--and if yes, then by how much--and give suggestions wthin a month, PM Manmohan Singh said en route to Singapore. He, however, did not spell out who will head the ministerial panel.

Internet faces meltdown by 2010: Study
The Internet could be in trouble. A just released study predicts, the Net will face meltdown by 2010. And when that happens, innovations like Google and YouTube may not happen anymore and e-commerce too will take a beating. The reason: The sheer scale of data exceeds the ability of the network to cope.

The Economic Times
Front Page

Job profile beats money on MBA's most-desired list
Mega-bucks and dollar salaries may make the headlines, but money is not the most important criteria for management graduates getting ready for the placement season across India's top B-schools.

Indian business houses can pick up cues from PEs
The giants of private equity, the likes of Blackstone and Carlyle, are entrenching themselves in India and beginning to strike deals. Blackstone recently bought out Gokaldas Exports, India’s leading garment exporter.

The Bangladesh Today
Front Page

Poor are the worst hit by cyclone
The United Nations, UNICEF, WFP and FAO missions in a joint statement on Tuesday said the poor are the worst affected by Thursdays severe cyclone.

Homeless, hungry hurricane victims struggling for survival
The human habitats, green and ripe crop fields and woodlands in the southwestern coastal districts mauled and battered by Thursday night?s severe cyclonic storm SIDR look desolate and almost deserted with the victims wailing for food, shelter, pure drinking water and medicare.

Business

Higher micro credit interest not contrary to ethics: Dr Jalan
Former governor of Reserve Bank of India Dr Bimal Jalan observed that there is no universal definition of ethics that may vary from place to place and change with the time.

Summit Power subsidiaries sign agreement with EnergyPAC
Summit Purbanchol Power Company Limited and Summit Uttaranchol Power Company Limited, the two subsidiaries of Summit Power Limited, Tuesday signed the contract documents with Energypac Engineering.

Daily Mirror
Front Page

Even if Government defeats LTTE, Tamil struggle would continue: Sampanthan
The TNA in parliament yesterday said the government had not tabled any proposals to solve the ethnic problem and justify the war, which would cost the country over Sri Lanka rupee (SLRs) 166bn ($1.04bn) next year according to budgetary estimates of the 2007 Appropriation Bill.Speaking on the first day of the committee stage debate of the Budget.

Formula for remand prisoners
The Commissioner General of Prisons on Monday submitted to the Supreme Court a draft guideline to formulate applicable sets of rules with regard to persons committed to remand who require medical treatment and hospitalization in the prison hospital or outside hospitals.

Business

Developing countries to be worst-off by climate change--UN Secretary General
Developing countries, particularly in the South, South East Asian and South American regions would be worst affected by the dramatic impact of climate change, the UN Secretary General Ban Ki-moon affirmed last week.

CB still helping itself to $500m bond issue
The Central Bank yesterday admitted to the stabilization of exchange rates in view of an inflow of $500m from the debut international sovereign bond issue.

Dawn
Front Page

CJ blames failure of legislatures for army rule
Supreme Court Chief Justice Abdul Hameed Dogar said on Tuesday that the failure of legislatures to properly perform their functions always led to military interventions in the country.

EC announces poll schedule : Seven-week process begins today
The Election Commission announced on Tuesday that polling for the national and provincial assemblies would be held on 8 January.

Business

FBR assures transparency in goods clearance
Chairman Federal Board of Revenue Abdullah Yousuf said that nobody would be allowed to derail the Customs Administrative Reforms (Care) system, whose primary objective is to facilitate trade by ensuring quick and hassle-free clearance of import goods.

Brave buyers in uncertain market
Two brokers bidding farewell out of the trading hall: bye, bye, is overheard and turns to buy, buy. Every small investor at the stock market is switching from one to the other crowd of people in an effort to overhear a piece of good news. Uncertainty is writ large across the board as prices of stocks escalate spinning the KSE-100 index up and down sometimes in an incredible band of 300 points.

Business Recorder
Front Page

Musharraf meets Saudi King and other officials in Riyadh
President General Pervez Musharraf met on Tuesday different officials of Saudi Arab officials including the Custodian of two Holy Mosques King Abdullah bin Abdul Aziz of Saudi Arabia and expressed consensus over need for reinvigorating efforts to combat extremism and terrorism as it poses a threat to the world peace.

Bush expresses confidence in Musharraf
US President George W Bush expressed confidence on Tuesday that Pervez Musharraf would heed pressure to end emergency rule and voiced optimism that Islamabad's nuclear arsenal was safe.

Business

FDI crosses billion-dollar mark in four months
Despite political crisis in the country, foreign direct invest (FDI) has crossed one billion-dollar mark, up by 4% during the first four months of current fiscal year 2008.

Rules for Shanghai exposition 2010 unfolded: TDAP secretary
The Secretary Trade Development Authority of Pakistan (TDAP) has said that organisers of the Shanghai World Expo-2010 have provided a detailed presentation at the second participants meeting that was held in Shanghai from 15 November.

 

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Author: Staff Reporter
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