In Monday's South Asia papers

17 November 2008 05:00  [Source: ICIS news]

THE TIMES OF INDIA

Front Page

Braving chill, polling begins in J&K
Braving a particularly hard winter and defying militant groups, polling began for the first of the seven-phase elections in Jammu and Kashmir on Monday.

ATS denies 60kg RDX used in Samjhauta blast
Maharashtra's Anti-Terrorism Squad (ATS) on Sunday denied that the 60kg of RDX that Lt-Col Prasad Purohit had pilfered was used in the Samjhauta Express blast in February last year.

Business

Raise airport charges: GMR, GVK
Facing significant revenue erosion because of the slowdown in air traffic, the private players involved in developing Delhi and Mumbai airports sought the government's clearance to raise 10% aeronautical charges along with some other relief.

Bidders withdraw from highway projects
17 Nov 2008, 0033 hrs IST, Manika Gupta Many short listed bidders of highway projects under the NHAI, that came up for financial bidding recently, have withdrawn either due to government restrictions or the fact that projects are not commercially viable anymore.

THE ECONOMIC TIMES

Front Page

Stocks seen lower as Japan slips into recession
Stocks are headed for a weak session on Monday after the world's second largest economy Japan joined the list of economies entering a recession.

Small is big for Hyundai, GM now
In what could further intensify competition with the Tatas’ Nano, Hyundai and General Motors India are actively considering plans to come out with smaller engines for their entry-level models that would give Indian customers additional choice at an aggressive price.

THE BANGLADESH TODAY

Front Page

New HC add’l judges sworn in
Newly appointed additional judges of the High Court took their oath at the judges' lounge in the Supreme Court premises on Sunday.

Appellate Division stayed for 1 month HC order declaring TAC illegal
The Appellate Division of the Supreme Court on Sunday stayed for one month the High Court verdict declaring illegal Truth and Accountability Commission (TAC) Ordinance 2008 providing for constitution and functioning of TAC.

Business

World leaders urge fast action on financial crisis
World leaders pledged rapid action on Saturday to rescue a weakening global economy from the worst financial crisis in over 70 years and agreed to give emerging nations more say in running financial affairs.

Chidambaram asks US, Europe to ‘set their house in order’
Indian Finance Minister P. Chidambaram has asked the US. and Europe to "set their house in order" to reverse the impact of the financial crisis on economies worldwide and help capital to flow back to developing nations.

DAILY MIRROR

Front Page

TELO members shot dead in Vavuniya
Two members of the Tamil Ealam Liberation Organisation (TELO) were shot dead in Vavuniya by unidentified gunmen last night.

Indian aid arrives
An Indian ship carrying 1,700 tonnes of relief supplies for civilians in Sri Lanka's war-ravaged north has arrived here, Indian diplomats said on Sunday.

Business

Laugfs threatens legal action against CAA
Laugfs Gas Lanka Limited yesterday said it would be taking legal action against the Consumers Affairs Authority (CAA) for un-ethical practices and Shell Gas Lanka Limited for LPG price manipulations as against recent price revisions.

Tourism Earth Lung appeals to global audience
Tourism Ambassador for Sri Lanka, Alston Koch, drew enthusiastic applause from the delegates attending the UNWTO ministers’ summit at the World Travel market in London on 12th November, and at the Virgin Airlines sponsored Responsible Tourism Awards when he rendered- ‘A land like no other’ – an appeal in song to conserve and care for Mother Earth.

 

DAWN

Front Page

IMF to mount pressure for agriculture tax: Pakistan’s package review on Friday
The International Monetary Fund has asked the government of Pakistan to introduce agriculture tax if it is serious about increasing the country’s revenue, diplomatic sources told Dawn.

Lashkar commander, 16 militants killed in Bajaur
Ten militants and two tribal elders were killed in clashes in Gutkai and Bandarae areas of Bajuar and six militants and two civilians were killed by security forces’ shelling in Mamond and Nawagai tehsils on Sunday.

Business

Will policy rate hikes work?
The key admission the SBP governor made at her November 12 press conference was that "economic outcomes during the first four months of FY09 have deviated substantially from our expectations".

Hassles in a lucrative business place
FOREIGN investors are dismayed for a number of factors — law and order, crumbling utilities, inconsistent official policies and the rising cost of doing business — but a majority of them still look at Pakistan as "a lucrative place worth doing business".

BUSINESS RECORDER

Front Page

Tribal lashkar chief among 13 killed in Bajaur Agency
Tribal lashkar chief among 13 killed on Sunday in fresh clashes between tribal lashkar and miscreants here, Aaj TV reported.

Pakistan, US reach tacit accord on Predator strikes: report
The US and Pakistani governments have reached a tacit agreement on Predator strikes on Pakistani territory, under which Islamabad allows them while continuing to complain about them and Washington never acknowledges them, The Washington Post reported on Sunday.

Business

Shahbaz to seek Chinese investment for Punjab
'Pakistan's friendship with China is vital and we should extend the hand of friendship towards Chinese people,' Punjab Chief Minister, Mian Muhammad Shahbaz Sharif said this on Sunday before leaving for a official visit to China.

Mark-up rate to be cut for industrial sector: Gilani
Prime Minister Syed Yousaf Raza Gilani has assured that mark-up rate would be reduced for industrial sector soon after recovery from economic crisis and special package would be announced to bailout the textile sector. We are reducing the prices of petroleum products, LPG, and electricity gradually because prices of oil were falling down in international market.

ICIS Copyright © Reed Business Information 2009

Author: Staff Reporter
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