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Tax Law amendment proposal for Islamic banks submitted

The recommendations, submitted by KPMG, aim at ensuring that Islamic financial institutions are on a level playing field with their conventional counterparts

16 children die in Pakistan school bus fire: police

Sixteen children and a teacher were killed when their school bus caught fire in central Pakistan on Saturday, police said.

After Kabul attacks, 10,000 peace balloons

After a day of explosions and gunfire, residents of Kabul woke up on Saturday morning to be greeted by a public art project in which volunteers handed out 10,000 neon-pink "peace" balloons.

Srinivasan defiant, refuses to resign as BCCI president

BCCI president N Srinivasan remained defiant on Saturday rejecting demands for his resignation but moves are said to be afoot to oust him in the wake of arrest of his son-in-law and CSK team owner Gurunath Meiyappan on betting charges even as Sunday's IPL final involving the team may be gone ahead with.

Thousands attend mass for Italy's first mafia martyr

Tens of thousands of Catholic faithful attended a ceremony in Sicily on Saturday putting on the path to sainthood a priest shot dead by the mafia 20 years ago for preaching against organised crime.

IMF chief avoids charges in French payout scandal

IMF chief Christine Lagarde avoided immediate charges on Friday but was named an "assisted witness" after French prosecutors grilled her for two days over a state payout to a disgraced tycoon when she was finance minister.

Oman

    Customs crack over 550 cases
    The Customs Administration has accorded top priority to modernisation with the objective of facilitating and simplifying customs procedures and the flow of exports and imports; the administration is also launching the customs computing programme

    Emiratis get death term for Omanis’ murder
    The two Omani nationals were killed on May 4, 2012 following a car chase by the three Emiratis, leading to the car crash at Al Jimmi in Al Ain

    Muscat tops regional tourism chart
    With safety issues keeping tourists away from Egypt and Syria, Oman’s calm ambience is attracting a large number of visitors. When compared to other tourist spots in the region, the locations in the Sultanate are still considered virgin, and this has been a major attraction for tourists

    Three drug dealers held in Sohar with morphine, heroin
    Three drug dealers from Asian countries were arrested by the Royal Oman Police (ROP) in Sohar in North Batinah and charged with possession of large amounts of morphine, heroin and Tramadol.

World

Sports

    Srinivasan defiant, refuses to resign as BCCI president
    BCCI president N Srinivasan remained defiant on Saturday rejecting demands for his resignation but moves are said to be afoot to oust him in the wake of arrest of his son-in-law and CSK team owner Gurunath Meiyappan on betting charges even as Sunday's IPL final involving the team may be gone ahead with.

    Alain Prost rejects calls for F1 overhaul
    Formula One legend Alain Prost went some way yesterday to calming the storm that threatens to rock the sport by rejecting the idea that an overhaul is needed

    IPL spot-fixing: Mumbai Police arrest Meiyappan
    Gurunath Meiyappan, son-in-law of BCCI President N Srinivasan and owner of Chennai Super Kings, was arrested for his alleged involvement in IPL betting scandal, raising serious doubts about continuance of the franchise in the hugely popular T20 league

    Make betting legal, says top Indian body
    A top Indian industry body has called for legalising sports betting amid a spot-fixing scandal in which cricketers were allegedly paid tens of thousands of dollars by bookmakers in underhand deals.