From: desai@blsouth.bss.com (Hiren Desai)
Newsgroups: soc.culture.indian
Subject: INDIA NEWS III
Date: 15 Dec 92 13:52:35 GMT
Organization: BellSouth Telecommunications - Science and Technology


     Source : DPA
     Date   : Dec 10, 1992
     Country: Pakistan


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PAK PM WARNS AGAINST ATTACKS ON MINORITY
ISLAMABAD -Premier Nawaz Sharif today said any attack on the
minority community and its property in Pakistan would be "dealt with
most severely", while death toll in violence over demolition of Babri
mosque at Ayodhya reached 61.


   * Pakistan to compensate Hindus effected in riots
 
       Pakistan prime minster Nawaz Sharif said on Thursday that his 
   government would compensate Hindu families attacked by Muslim protesters.
   He told reporters after presiding over an all-party conference in 
   Islamabad on the mosque incident that his government would also repair
   scores of Hindu temples destroyed across Pakistan during the protest.
   At least 100 Hindus were killed and dozens of their shops and houses were
   burnt down in two days of frenzied reaction to the destruction of the
   mosque at Ayodhaya. "We must condemn acts of violence done in retaliation
   We are very sorry about it," the prime minister said. Apart from the
   ruling Islamic Democratic Alliance (IDA), only minor parties attended
   the conference called by Sharif to evolve a national consensus on the
   mosque issue. The major oppositon parties held their conference in Lahore,
   Sharif's home town. "There were no politics involved in our initiative.
   We invited all parties in all sincerity", said the premier, who consistantly
   rejected talks with Benazir Bhutto.

* Casualties DOWN

Only reported ones were from AP(10), West Bengal(5),
Bihar(2) Delhi(3) and Kerala(1).

25 KILLED AS VIOLENCE ERUPTS IN STATE: ARMY STAGES FLAG MARCH IN BANGALORE
BANGALORE-At least 25 persons have been killed, including seven in Bangalore
City, till late tonight as large scale violence rocked several parts of
the State since last night following the cataclysmic developments in
Ayodhya in which the Babri Masjid was razed to the ground.

EXPORT AWARD FOR L & T -McNEIL
Engineering Export Promotion Council, southern region, has selected L & T
-McNeil Limited for the award for outstanding export performance during
1990-91 in the category of industrial machinery. L&T-McNeil, a subsidiary
of Larsen & Toubro Limited, has its modern manufacturing plant in Madras
where machinery and systems for the rubber and plastic processing industries
are manufactured.

ITI TO GET WORLD STANDARD CERTIFICATION - ISO 9000

INDO-US BUSINESS MEET TO WORK FOR COMPROMISE
WASHINGTON - The US and Indian members of the joint business council
today acknowledged their "deep differences" on some issues, including
intellectual property rights, pharmaceuticals,chemicals and food but
decided with a recommendation acceptable to Indian Govt.

ADB CLEARS $300m LOAN FOR FINANCIAL REFORMS
NEW DELHI - The Asian Development Bank(ADB), President Mr. Kimimasa
Tarumizu has cleared a $300 million quick disbursing loan for financial
sector reforms and promised to keep the annual loan portfolio for the
country over $1 billion over the next 2 to 3 years.

INDIAN FIRM TIES UP WITH US HOTEL CHAIN
CHIGAGO - An Indian comapny has entered into a technical and financial
collaboration with a American hotel chain for setting up a 4-star hotel
near Hyderabad.
Dr. D.V. Rajashekar, director of the Shri Shakti Resorts and Hotal ltd.,
said the US based Ramada International would take up 10% of the equity
shares and offer all technical and managerial assistance.

VALUES SUFFER SHARP SETBACK
BOMBAY - Equity prices suffered a sharp setback and sensitive index crashed
by 146.64 points touching a low of 2550.22 in a short one hour trading
on the Bombay Stock Exchange today following events in Ayodhya and
trading restriction imposed by BSE authorities.

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