$1 Trillion Stimulus Pack by G20

A new $1 trillion incentive to the world economy could come out from the G20 meeting in London’s Docklands. It will not be the co-ordinated economic injection that Gordon Brown and Barack Obama had been hopeful for when the summit was called last November.

On that there will be a strong promise to “do what is necessary” and a schedule for action on top of the $2 trillion boost already announced by governments.

The big surprise today will instead be the complete scale of the extra sums made available in new loans and other liquidity boosts, particularly to kick-start growth in the emerging markets of China and Latin America.

It is said that the money will come in three separate packages.

The first are new lines of credit worth more than $100 billion to cheer up countries to trade more.

The second is a possible tripling to $750 billion in the resources held by the International Monetary Fund to set free the struggling economies. The extra money will come from Japan, the EU, China and others.

Obscene act of Akshay Kumar might land him in trouble

Bollywood star Akshay Kumar may land himself in a broth as the city police have started an investigation into his supposed disgusting “unbutton” act during the Lakme Fashion Week.“We are conducting an inquiry into Akshay Kumar’s so-called obscene acts during Lakme Fashion Week held recently after we received a complaint from a person called Anil Nair”, a police officer said.

On Monday, mid-way between his ramp walk, Akshay Kumar walked towards his wife Twinkle Khanna, who was seated in the front row and supposedly asked her to open his jeans button during the fashion show.

Asked if a police case is likely to be registered against Akshay and the organisers, the officer said, if the inquiry finds them responsible of the obscene act, they will register a case against the actor and the organisers.