In Monday's South Asia papers

06 October 2008 07:14  [Source: ICIS news]

THE TIMES OF INDIA

Front page

Govt blurs IIT stand against faculty quota
Censorship. That is what directors of the Indian Institutes of Technology (IITs) are currently fighting, after the Union human resource development ministry edited out their opinion against faculty reservation.

IB to go hi-tech, get more manpower to fight terror
Intelligence Bureau which has come under flak for its failure to keep tabs on tech savvy jihadis is set for major revamp with the government recruiting 6,000 more spies to strengthen its existing cadre of nearly 25,000 personnel.

Business

Indian cos may encash c-credits
Indian companies, which are sitting on issued certified emission reductions (CERs) or carbon credits, are likely to unlock the value of their green certificates to release funds in the prevailing liquidity crunch.

Govt mulling dual diesel pricing: Deora
Union petroleum minister Murli Deora on Sunday said his ministry is actively considering introduction of a dual pricing policy for diesel in the country.

THE ECONOMIC TIMES

Front page

Stocks seen under pressure as global credit woes worsen
Stocks are likely to remain under pressure on Monday as the global credit crisis worsened. Even as the US House of Representatives approved the $700bn Wall Street bailout on Friday, a steep drop in US jobs data suggested the world's largest economy may be in a recession, threatening global growth.

Global bank majors optimistic about Indian market
Major multinational banks that are facing tough times in western markets appear to be holding on to their optimism about the Indian market.

THE BANGLADESH TODAY

Front page

Khaleda charge-sheeted in Barapukuria graft case
Former Prime Minister Khaleda Zia, 10 powerful ministers of her cabinet and five others were on Sunday charge-sheeted in the Barapukuria graft case for alleged embezzlement of a huge amount of government money through a misdeal on coalmining.

HC order for govt: Don’t arrest or harass Hasina at home or abroad
The High Court on Sunday ordered the caretaker government to restrain until October 20 its cops from arresting or harassing in any manner ex-Prime Minister Sheikh Hasina, now abroad on parole for medical treatment.

Business

DSE crosses 3,000 marks
The Dhaka Stock Exchange (DSE) resumed trading after a nine-day Eid-vacation on Sunday, maintaining pre-eid upward trend with the benchmark index crossing 3,000 marks after three months.

Tata's cheap car woes fuel debate on India's industrial drive
A decision by the giant Tata Group to shift a factory building the world's cheapest car after angry farmer protests has refueled debate about India's troubled industrialisation push.

DAILY MIRROR

No updates

DAWN

Front page

Crackdown on militants by tribal volunteers
Hundreds of tribal volunteers marched in Mamond and Wara tehsils, strongholds of militants in Bajaur Agency, on Sunday and warned pro-Taliban elements to either surrender or leave the area.

Zardari, Gilani discuss security challenge
President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani discussed on Sunday matters relating to the forthcoming joint session of parliament to be held to review the security situation. The also exchanged views on federal cabinet’s expansion and the agenda of a meeting of the Economic Coordination Committee to be held this week.

Business

Punjab’s approach to fiscal autonomy
Punjab has begun firming up its strategy for retaining the existing population-based formula for inter-provincial distribution of resources from the federal divisible pool of taxes under the National Finance Commission (NFC) award.

Re-opening ancient trade route
Following an agreement in principle between the two top leaders of Pakistan and India for allowing Indians an overland trade access to Afghanistan via Pakistan, businessmen are eagerly waiting to see the historic Grand Trunk Road re-emerge as a busy trade corridor between South and Central Asia.

BUSINESS RECORDER

Front page

Curfew in IoK ahead of freedom rally, Yasin Malik detained
Indian authorities imposed an indefinite curfew in Kashmir on Sunday ahead of a pro-independence rally by freedom fighters, the latest in a string of anti-India protests in the disputed Himalayan region.

Oil drops almost two dollars on demand worries
World oil prices fell almost two dollars in Asian trades Monday on demand worries as Wall Street's financial meltdown extended to Europe, triggering fears of a global slowdown, dealers said.

Business

Poonch-Rawlakot items approved for cross LoC trade
'Kadam', a popular vegetable of Mari in Azad Kashmir, honey, which is produced in sufficient quantity in Neelam and Leepa vallies and Peshawari leather chappal are among a dozen of items which have been cleared by the two governments for trade to occupied Jammu Kashmir from Azad Jammu Kashmir.

Plan for cottage industries uplift
Punjab government has prepared a comprehensive plan for setting up maximum industries aimed at generating employment opportunities in Punjab. Under the plan government was utilising Rs400m on the development and promotion of cottage industries in the province.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
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