Senior leader of BJP Mr. L.K. Advani is likely to move the motion over black money in the parliament. There have been demands from opposition as to disclose the names of the account holder of Swiss bank. The MP’s are also demanding the disclosure of names and are likely to exercise their privilege regarding this issue.
Cyrus P. Mistry will soon replace Ratan Tata as the chairman of India’s largest business group, Tata Sons Ltd. Mistry is the son of billionaire Shapoorji Pallonji Mistry, who is the largest shareholder of the Tata Group. He will soon assume charge as the deputy chairman of Tata Group and in December 2012, he will replace Ratan Tata. Tata Group had set up a five member panel to decide upon who will succeed Ratan Tata. Ratan Tata has been running the Mumbai-based Tata Group for about two decades.
Cairo protests are still scaling new heights as the protesters are stepping up in their demand for resignation of the military rulers of the Egypt. Street battles with riot police have been heaviest around the fortified interior ministry located on a side street off Tahrir Square. Reportedly, there was also gunfire, which was reported late on Wednesday though it was claimed to be firing only tear gas. Apparently, the protesters’ demands are there to only have a civilian government which will have nothing to do with the military. Even this violence is also expected to overshadow the nest week’s parliamentary elections.
The Supreme Council of Armed Forces, in Egypt has announced that the powers will be handed over to the civilian president by the next year. The Army Chief Field Marshal Tantawi said parliamentary elections would begin as per the schedule the president will be elected by the June next year. It was announced after protest demanding that the military rulers should hand over the reigns to a civilian government immediately.
The lower house of the Australian parliament has passed the government’s plan to impose 30% tax on big mining companies. However, it will still have to go through the upper senate early on next year, but most likely it will be passed there also.