Sunday, December 18, 2011

Black Money trail : Government may move against the HSBC, Rs 80 crore mopped up


Several papers this morning report the Prime Minister promising all
efforts to get the Lokpal Bill passed in the current session of
Parliament. "Fast tracking Lokpal, Bill in Cabinet today : PM",
headlines the Indian Express. Papers give the information that the
Cabinet is scheduled to meet at 7.30 pm on Sunday to discuss the
amended legislation.

The Hindustan Times writes, 'At a time when experts are wondering
whether the great Indian growth story is over, Prime Minister Manmohan
Singh dismissed the current downtrends as a temporary setback and
asserted that the country could sustain an 8 to 9 percent growth a

"Black Money trail : Government may move against the HSBC, Rs 80 crore
mopped up", writes the Indian Express on its front page. After French
authorities handed over lists of around 700 Indians with accounts with
HSBC Geneva, Income Tax officials revealed that bank accounts were
operated from New Delhi, for both deposits and withdrawals.

Most papers tell us of the US administration naming career diplomat
Nancy Powell as America's next ambassador to India. The Tribune writes
that the appointment of Powell, who was the former US Ambassador to
Pakistan, will take effect once confirmed by the US Senate.

Papers report of the Bhagvad Gita facing a ban in Russia. The
Statesman writes that a Court in Russia is seeking a ban on a Russian
translation of the 'Bhagvad Gita As It Is', written by A C
Bhaktivedanta Swami Prabhupada - founder of ISKCON.

The Asian Age quoting a Provincial Minister in Pakistan, writes that
the ancestral homes of Bollywood legends, Dilip Kumar and Raj Kapoor -
in Peshawar - will be given the status of National Heritage Sites.

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