RBI cuts interest rates. Raghuram Rajan, Governor, RBI; declares a reduction of repo rate by 0.25 percent with immediate effect. A repo rate of 7.75 percent will now prevail.
JuD and Haqqani networks to be banned in Pakistan. A day after the news of Mullah Faizlullah, Tareek-e-Taliban Chief, been declared as the 'Specially Designated Global Terrorist' by the United States, Pakistan announced its plans to ban ten terror outfits.
A hundred crore rupees fine imposed on Riddhi-Siddhi. Director General of Foreign Trade (DGFT) issued the order for violating RBI norms. It also ordered a cancellation of Riddhi-Siddhi's nominated agency certificate (NAC).
BSNL appoints a new CMD Anupama Shrivastva is appointed as the new CMD of Bharat Sanchar Nigam Limited.
