U.S. planes
pound Kabul, Herat
Kabul: U.S.
warplanes pounded the area around the southern Afghan city of
Kandahar on Tuesday night for the second time in 12 hours. Raids
the previous night in Kabul killed four civilians working for a
U.N.-affiliated mine-clearing agency - the first confirmed
civilian deaths of the air campaign.
U.S. aircraft had been
flying almost continual sorties over Kandahar during the day on
Tuesday, presumably to determine which air defences remained
intact.
Taliban troops traded
gunfire with the Pakistani border guards in the North-West
Frontier Province. Taliban forces later withdrew deeper into their
own territories.
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More
protests in Pak, clerics held
Islamabad:
The Musharraf administration on Tuesday detained three hardline
Muslim clerics even as Islamabad was turned into a veritable
fortress to pre-empt violence that saw four persons being killed
elsewhere in widespread riots across the country.
The police put under house arrest three prominent leaders in an
attempt to stop further demonstrations. Senior Jamiat Ulema Islami
(JUI) party faction leader Fazlur Rehman was detained in his
northwestern hometown of Dera Ismail Khan for the second time
since Saturday.
Another JUI chief, Samiul Haq, was placed under house arrest in
northwestern Akora Khattak, where he runs a prominent seminary and
taught Taliban supreme leader Mullah Mohammad Omar in the early
1990s. Azam Tariq, head of the Sunni extremist group
Sipah-i-Sahaba Pakistan (SSP), was detained at Lahore airport
overnight and restricted to his home in Jhang, central Punjab.
In Lahore, several hundred pro-Taliban demonstrators stoned
police, blocked roads and chanted slogans against US President
Bush and Pakistani President Musharraf for his support of the US.
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Hardware
units slam luxury tax
Bangalore:
Beginning this week, the states IT hardware sector with 2000
vendors is expected to halt transactions if the government does
not revoke the 12 per cent luxury tax imposed on IT/computer
goods.
According to the Association for Information Technology (AIT), the
stricture to be enforced with retrospective effect from April
would cause severe damage to the industry.
AIT members submitted a memorandum to chief minister SM Krishna on
Saturday and spoke to IT Minister BK Chandrashekar. Both have
considered the issue.
AIT said the luxury tax will result in a 300 per cent increase in
tax rate on IT products in Karnataka. If the tax is not
revoked immediately, it would discourage the IT businesses,
including manufacturing, Deepak Chopra of AIT said.
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Software
exports to suffer
New
Delhi: Software exports targets would suffer if US-led air
strikes on Afghanistan are to continue, according to the IT
industry.
Soon after the September 11 terrorist attacks in US, IDC had
revised its software exports target to 25-30 per cent for the year
2001-02.
ESC, an autonomus body under the IT ministry estimated that the
growth could be between 25-30 per cent depending on the longevity
of the war.
The current misfortune afflicting the airlines industry would
affect the travel applications of Indian software companies.
The delay in reconstruction work of WTC due to the start of the
US-led retaliation was another matter of concern for the Indian
software companies.
Manufacturers Association
of Information Technology said the hardware industry, which is
already facing a domestic demand crunch, might see the hardest of
times due to the attack.
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Indo-Bangla
waterway proposed
New Delhi:
The Centre is planning to develop river Brahmaputra as an
international waterway providing connections between India and
Bangladesh. Rs 300 crore would be needed for the purpose and the
waterway would provide an economic, efficient and
environment-friendly mode of transportation
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Promoter-directors
excluded from Esops guidelines
New
Delhi: The final guidelines on the employee stock option plan
scheme (Esops) have excluded the promoter-directors from the ambit
of the scheme.
Accordingly, the promoter directors will not be eligible for Esops.
Companies will not have to obtain prior approval now from the
government for issuing the employee stock option.
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