Monday, May 31, 2010

Jackson leaves over USD 33 million each for his kids

London, May 31 (PTI) Pop icon Michael Jackson has reportedly left his three children USD 33 million each, according to his will.The 'Thriller' hitmaker has set up trust funds, which could make his children billionaires in the future. But Prince, 13, Paris, 12, and Blanket, 8, will be at least 30 before they can get their own hands on the money, reported News of the World.Under the terms of the Michael Jackson Family Trust fund, first drafted before he had children, and signed off in 2002, the three kids are today each worth USD 33 million.Jackson's mother Katherine is entitled to USD 99 million from the legacy, but he has left nothing to his other family members including his father, brothers, sisters and former wives.

India, Pak hold talks on river water sharing

New Delhi, May 31 (PTI) India and Pakistan today discussed issues of river water sharing and exchange of data including that related to flood warning here.The three-day talks between the Indus Commissioners would also focus on finalising the annual report and work out the programme for the next year as per the 1960 Indus Water Treaty.Source said before the talks began, Pakistani team expressed its desire to visit the 240 MW Uri II project and the 44 MW Chutak hydel project on Suru, a tributary of the Indus in Kargil district.Pakistan claims that the construction of the Chutak project would block 35,000-feet per acre water.On Uri II, Pakistan claims that under the Indus Treaty, it was given a certain time period to respond to the designs of the projects, but India had started construction work before the deadline for Islamabad's response.