For nations interest such deals can be really helpful for country like India which is struggling for energy.
How can this communist party help. Does they help when China attacked over India.
Important News for Recruitment Examinations -
1. India has won inaugral Twenty 20 World Cup.
2. Formar President of philipines Joseph Estrada was sentenced life imprisonment.
3. Mukesh Ambani has become the fourth richest person of the world.
4. India ranked 120th in "Doing Business 2008" report of World Bank.
5. Viswanathan Anand has won World Chess Championship.
6. " Romancing with Life" is the autobiography of Dev Anand.
7. Deepak Kapoor has been appointed as Army Chief of Staff.
8. Victor Zubkor has been appointed Prime Minister of Russia.
9. K.C. Jena has been appointed Chairman of Indian Railways.
10. Yuvraj Singh equalled the World Record of hitting six sixes in an over.
11. Yasuo Fakuda has been elected Prime Minister of Japan.
12. World Wrestling Chamionship will be held in Hyderabad.
13. Paul Chandrasekharan Sabapathy has become the first non-white Lord Lieutenant of England.
14. 27 September is celebrated as World Tourism Day.
15. National Employment Guarantee Scheme will now cover all the district of the country.
16. Shasank Sekhar has been elected President of BCCI.
17. Total external dbt of the country stood at $155 billion in 2006-07.
18. Former President APJ Abdul Kalam will be honoured with the Doctorate by Volver Hampton University of Britain.
19. Marjatta Rasi of Finland has been appointed as the first head of advisory group for the United Nations Fund.
20. Tanya Sachdev has won Asian Women Chess Championship held in Tehran.
Liberhan panel gets 42nd extension -
The Liberhan Commission probing the circumstances leading to demolition of Babri Masjid , got its 42nd extension.The term of the commission was setup almost soon after the 1992 Babri Masjid demolition, has been extended by two months upto December 2007.
GDP up by 9.3 percent , inflation below 4 percent -
Indian economy continue to perform better and better.In the first quarter of this fiscal 9.3 percent rise in GDP.GDP growt is driven by manufacturing, construction and services sector, and even agriculture sector.
The high growth in the first quarter is 9.4 percent during 2006-07, the fastest growth in 18 years.The government's fiscal steps and RBI's monetary interventions come down inflation to below 4 percent at 3.94 percent during the week ended August 18 for the first time in more than 15 months.
US Open 2007 Winner - Men's single - Roger Federer Women's Single - Justin Henin Men's Double - Simon Aspelin , Julian Knowle Women's Double - Nathalie Dechy, Dinara Safina Mixed Doubles - Max Mirnyi , Victoria Azernka
On 29th october 2007, Indian share market zooms, despite rupee is not hiked in such a way.
Acording to sources : RBI gave instructions to Nationalised banks to buy dollar, and due to demand from corporates as well checked rupee rise.
Now RBI increase CRR by 50 basis points to 7.5% . So that now nationalised banks have to maintain CRR ( Cash Reserve ration) to 7.5 %. By doing this excess liquidity in the market absorbed by banks.
Approx 7000-8000 crore rupee drain out said some sources.
Some sources say approx 15,000 crore will be suck out from banking system.
Hike is due to maintain liquidity and due to sharp rise in rupee that creates problem to new job creation.
To maintain price stability, credit quality such measures to be taken.
G-Sec ( Government Security ) - Hike in CRR increases Government securities by 5-6 basis points.
Dollar weaker - Other major currencies Euro and Pound continued to be stronger against dollar.
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