Lokpal Bill Tabled, Team Anna Burns Copies; Sensex Dives 247 Pts; FM For Growth And Moderate Inflation

Thursday, Aug 04, 2011 SPECIAL LEAD Click here for India Business Update Mobile Version LOKPAL BILL TABLED IN LS, TEAM ANNA BURNS COPIES The government on Thursday tabled its version of the lokpal in Parliament, immediately sparking protests from the BJP and supporters of Anna Hazare. BJP MP Sushma Swaraj said when the Prime Minister does not enjoy immunity from prosecution under the criminal law and Prevention of Corruption Act, why is he being kept out of the ambit of the Lokpal. Hazare's supporters burnt copies of the government's bill and called it "useless". read more LEAD STORIES MKTS DOWN 3RD DAY IN A ROW; SENSEX DIVES 247 PTS Sensex ended lower at 17,693.18 points on selling by funds on fears of rising inflation and rate hikes. Nifty ended at 5,331.80, down 73 points. read more PRANAB FOR GROWTH AND MODERATE INFLATION Attributing high prices to external factors, the government said it is working to moderate food inflation to 5% without sacrificing growth. read more LAND ACQUISITION ACT IS A FRAUD, SHOULD BE SCRAPPED: SC Frowning at increasing incidents of government forcibly acquiring land, the Supreme Court observed that the Land Acquisition Act ought to be scrapped. read more TOP STORIES • Hitachi, Mitsubishi in groundbreaking merger pact • Monsoon rains 22% below normal in past week • Food inflation at 3-wk high of 8.04% from 20-mth low • Rupee slips 23 paise, ends at over 2-wk low of 44.54/$ • No subsidised diesel for car owners • Lokayukta report: JSW Steel hits back • MCA cracks whip on malpractices in liquidation cases • Cos Bill delayed further; industry demands changes • Won't shut down TV biz or LCD panel venture: Sony • GTL creditor to delay seizure of 20% stake • Potash import impasse ends; Tata, Canpotex in deal • Petition challenging Chidambaram's election accepted • Cargo ship with 60K MT of coal sinks off Mumbai coast • Satyam case: Court rejects bail pleas of Raju, 7 others • E&Y to study impact of drug firms' takeover by MNCs • Over 130 govt officials under CVC scanner for graft • India 3rd in greenhouse gas emission list • Harley-Davidson's Fat Boy Special in India at Rs 19.7 lk • Sonia to undergo surgery in U.S., Rahul takes charge • Google cries foul on Apple, Microsoft mobile gang-up more stories TOP VIDEOS We Should Have Growth But With Moderate Rate Of Inflation, We Are Trying To Reach That Objective: Pranab Mukherjee, Finance Minister The Allegations In Lokayukta Report Are Based On Speculations: Seshagiri Rao, Jt MD & Group CFO, JSW Steel I Don't Think The Impact Of Ban On Steel and Mining Industry Is Going To Last Long: Sriprakash Jaiswal, Coal Minister August Will Be In Line With The Forecast Of 95% Rainfall: Ajit Tyagi, Director General, IMD AT A GLANCE BSE 17693.18 -247.37 NSE 5331.8 -73 TURNOVER Rs. 137,669 cr BSE CASH Rs. 3,208 cr NSE CASH Rs. 11,499 cr NSE F&O Rs. 122,961 cr BULLION GOLD 24190 +354 SILVER 62310 +1130 CRUDE NYMEX 102.25 -0.08 BRENT 111.15 -2.08 FOREX $ / Re 44.54 +0.23 £ / Re 72.639 +0.27 € / Re 62.98 -0.19 EVENTS 5 August Bank Employees To Go On Nationwide Strike Decision On Vodafone-Essar FDI Issue GoM Meet With Finance Ministry To Finalise The Policy On Decontrolling Urea Prices 8 August Coal India Workers Union To Go On Strike To Protest Delay In Wage Revision 11 August Cadbury Delisting Case At Bombay High Court 17 August High Court Noida Extension Case Hearing 19 August State Finance Ministers Panel Meet To Discuss Issues Related To Roll Out Ambitious Indirect Tax Regime EXPERT VIEWS "How can any person on any position be a holy cow? Why is the Prime Minister kept out of the ambit of Lokpal Bill?... Constitution allows criminal law scheme where immunity is not given to any individual. Under Indian Penal Code immunity is not given to the Prime Minister." Sushma Swaraj Leader Of Opposition, Lok Sabha "The Land Acquisition Act has become a fraud. It seems to have been devised by people with a sick mind who have scant regard for the welfare of the common man...If you are uprooting people of their only sources of livelihood you (government) should make alternative arrangements for their livelihood and accommodation. It is time the Act is scrapped." Justice GS Singhvi Supreme Court "As per current information available, the countries which are the largest contributor, in percentage term regarding greenhouse gas emissions are China 19.5%, USA 19.2%, India 5.3%, Russia 5.1%, Japan 3.6% and Germany 2.6%." Jayanthi Natarajan Environment Minister WATCH OUT Power Breakfast Contest - Win an iPad2 everyday! Power up your day with CNBC-TV18's Power Breakfast Contest. Watch CNBC-TV18 between Mon-Fri and catch 3 questions through the hour. Find out the correct answers and if you are a winner on Bazaar Morning Call between 8am and 10am. So tune in, log on and get charged with the ultimate Power Breakfast contest! To answer: Log onto www.moneycontrol.com SHOW TIMINGS Weekdays 7am onwards