NEW DELHI, January 25 – LIVEMINT – India and Myanmar discussed ways to deepen economic and political ties at a one-day meeting between their foreign ministers on Tuesday even as a home ministry statement listed several key breakthroughs in security cooperation between the two neighbours at a recent meeting of their interior ministry officials. In a rare statement to the media as the meeting went under way, Myanmar foreign minister U. Wunna Maung Lwin said he looked forward to talks with his Indian counterpart S.M. Krishna on “strengthening and enhancing existing bilateral relations in the political, security, social and economic development” fields. Lwin is in India on a four-day official visit. – BUSINESS STANDARD – An AirAsia executive in India confirmed on Tuesday that the airline had announced withdrawal of its flights between New Delhi and Bangkok, owing to high operating costs that include high airport and fuel charges. Thai AirAsia operates a daily flight between the Indian and Thai capitals, besides a weekly flight between Kolkata and Bangkok. The Kolkata flight will continue to operate, the executive added. – BUSINESS STANDARD –Indian enterprises' IT spending across all industry markets is forecast to surpass USD 39 bn in 2012, a 10.3 per cent increase from the previous calendar year figure of USD 36 bn, says Gartner Inc. The growth of IT in India is expected to continue, with an annual increase to exceed this level through to 2015, the technology researcher said in a statement. – ECONOMIC TIMES – The modern retail sector is passing through challenging times in the face of inadequate funding, lack of sufficient space for expansion and talent crunch, and growth is expected to dip by 5 per cent this year, say industry officials. The modern retail sector is estimated to have grown in the region of 25-30 per cent in 2011 but the last two months have been very bad for the industry, Aditya Birla Retail MD & CEO Thomas Varghese said. – ECONOMIC TIMES – The growth projections for air passenger traffic suggest an additional requirement of 30 functional airports over the next five years and 180 in the next decade, according to Planning Commission estimates. The passenger terminal capacity in all airports, expected to be 230-240 million this year, is likely to grow to 370 million, the estimates, drawn up in accordance with the investment plans of the airport operators, show. While five private airports at Delhi, Mumbai, Hyderabad, Bangalore and Cochin handle 60 per cent of air traffic, state-run Airports Authority of India (AAI), which used to cater to the entire sector, now handles the rest.