The Reserve Bank of India (RBI) finally announced the Credit Policy. All key rates including the CRR, repo rate and reverse repo rate were kept unchanged. The GDP growth forecast was lowered to 7.5%. The RBI admitted that moderating growth remains a concern. the Central Bank expects resumption of export growth during the next quarter. It also hopes that net capital flow will meet the external financial requirements. The RBI has decided to enhance liquidity if pressure on the market persists. Here are the key features of RBI’s Credit Policy:
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In a shocking development, former Australian cricketer Adam Gilchrist, who can’t even be compared with the great Sachin Tendulkar, accused him of lying during the Sydney Test to save his team mate Harbhajan Singh. In his latest autobiography, “True Colors of My Life”, Adam Gilchrist has called Sachin Tendulkar “dishonest”, “liar” and “bad sport”. It could be a publicity stunt by Gilchrist to gain publicity for his book |
The Indian Rupee continued to slide further, as it opened at an all-time-low of 50.15 against the US Dollar. Yesterday, it was closed at 49.81 against the USD. For the first time in history, the Rupee breached the psychological barrier of 50.00, causing panic in the market. As the trading progresses today, Rupee is feared to dip further. |
Angry students protesting against Maharashtra Navnirman Sena (MNS) and its chief Raj Thackeray, set Motihari Railway Station on fire. Ironically, the mob fury was so high that GRP (Government Railway Police), RPF (Railway Protection Force) and police personnel fled from the spot, leaving the Railways Station at the mercy of rampaging students. Later, CRPF intervened and fired several rounds in the air to disperse the mob. The CRPF personnel had to resort to lathicharge and lobbed teargas shells to control the mob violence. Railway properties have been attacked elsewhere in Bihar for the third consecutive day. According to Railways, properties worth Rs. 5 – 7 crore have been destroyed by angry students. Several Bihar-bound trains including Rajdhani, Sampark Kranti and others have been cancelled, causing high inconvenience to the passengers. The passengers are not even able to get correct information regarding the cancellation, departure or reschedule of trains. |
Even as the global economy has reached a bottom low, the Asia-Europe meeting will begin in Beijing to discuss important issues including the economic cooperation. India makes its debut at the ASEM with Prime Minister Dr. Manmohan Singh (an Economist himself) representing India. Dr. Manmohan Singh is expected to provide vital suggestion on how to handle the global economic crisis. The ASEM has 45 countries with China taking the centre stage. The ASEM group includes 27 EU countries, the European Commission, ASEAN (10 countries), India, Pakistan, Mongolia and ASEAN Secretariat. |
A sport-loving country of over 1.3 billion people and great cricketers across the world are outraged over the latest remarks made by former Australian wicket keeper Adam Gilchrist. Adam Gilchrist, who was considered as a “saint” in modern day cricket, called legendary Sachin Tendulkar as “dishonest” and “bad sport” in his latest autobiography, “True Colours My Life” which will be released next week. In his book, “True Colours of My Life”, Adam Gilchrist showed his true colours by raking up the racism row between Harbhajan and Symnonds during the Sydney Test. He accused Sachin Tendulkar of lying and being dishonest. According to Adam Gilchrist, Harbhajan Singh had made a racial remark against Andrew Symonds, but was let off with mild punishment only because of Sachin Tendulkar’s “false testimony”. Adam Gilchrist, who retired from test cricket recently, not only questioned Sachin Tendulkar’s honesty, but also criticised Harbhajan, Indian team, Indian Board (BCCI) and Australian Board (Cricket Australia) over this issue. Gilchrist’s latest tirade against Sachin Tendulkar has upset millions of cricket fans across the globe. Since Gilchrist is the skipper of Hyderabad Deccan Chargers in the IPL, it would be interesting to see, what price he will have to pay for his “irresponsible” and “condemnable” outburst against a legend, who has nothing to prove in cricket. |
June 3, 2008
Mohd Asif arrested in Dubai
Posted by Social Geek under Welcome | Tags: Asif, drugs, Dubai, Dubai International Airport, Indian Premier League, IPL, Mohammad, Mohd Asif, Mumbai, Pakistan, PCB, Shoaib Akhtar, Welcome |Leave a Comment
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June 2, 2008
Rajasthan win inaugural IPL
Posted by Social Geek under Welcome | Tags: Chennai, Chennai Super Kings, Cricket, Dhoni, Final, India, IPL, Rajasthan, Rajasthan Royals, T20, Warne, Welcome |1 Comment
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May 30, 2008
Yusuf and Ojha get maiden call-ups
Posted by Social Geek under Welcome | Tags: Asia Cup, Bangladesh, Deccan Charger, Dinesh Karthik, Gautam Gambhir, Hyderabad, Indian Premier League, IPL, Irfan Pathan, Ishant Sharma, Kolkata Knight Riders, Mahendra Singh Dhoni, Munaf Patel, Pakistan, Piyush Chawla, Pragyan Ojha, Praveen Kumar, Rajasthan Royals, Robin Uthappa, Rohit Sharma, RP Singh, Sreesanth, Suresh Raina, Twenty20, Venkatapathy Raju, Virender Sehwag, Welcome, Yusuf Pathan, Yuvraj Singh |1 Comment
Yusuf Pathan, a right-hand batsman, and Pragyan Ojha, a left-arm spinner, have been called up to the 15-member squad for the tri-series in Bangladesh and the Asia Cup in Pakistan next month. Dinesh Karthik and Munaf Patel, who played in the CB Series, failed to make the cut. The inclusion of Yusuf, who is the half-brother of Irfan Pathan, was on expected lines after his stand-out performances for the Rajasthan Royals in the Indian Premier League. He has scored 334 runs at 27.83 from 13 innings with three fifties, and recorded the fastest half-century of the Twenty20 tournament: off 21 balls against the Deccan Chargers. He also took five wickets at 41.60 with his offspin. Ojha was one of exceptions in an otherwise lacklustre performance by his team, Deccan, who lost 12 off their 14 matches. He took 11 wickets at 25.81, and his best figures were 2 for 18 in their IPL opener against the Kolkata Knight Riders. However Venkatapathy Raju, the former India left-arm spinner who is also one of the national selectors, said IPL performances had not carried much weightage in picking the squad. “Our team did well in Australia and we kept in mind injuries to players in our selection”, Raju told Cricinfo. “Murali Kartik was injured and he opted out so we were looking for another left-arm spinner and Ojha’s advantage is his height. He was the selectors’ choice and not a recommendation from the captain.” Yusuf, meanwhile, was a unanimous choice, Raju said, based on his recent performances. Apart from the selectors, Dav Whatmore, the National Cricket Academy director, Gary Kirtsen, the coach, Niranjan Shah, the board secretary, and Mahendra Singh Dhoni attended the meeting. Ojha first came in to the limelight last August when he picked up 22 wickets in India A’s tour of Kenya, including 9 for 85 in a three-day fixture that India won by an innings and 87 runs. In four List A games last season, Yusuf scored 92 for Baroda, while Ojha, picked up six wickets for Hyderabad. Their first-class record was better, with Yusuf getting 441 runs at 44.10 from seven Ranji games and Ojha topping Hyderabad’s wickets list with 24 at 31.87 from six matches. Squad Mahendra Singh Dhoni (capt & wk), Yuvraj Singh, Robin Uthappa, Gautam Gambhir, Virender Sehwag, Rohit Sharma, Suresh Raina, Yusuf Pathan, Irfan Pathan, Sreesanth, Ishant Sharma, Praveen Kumar, RP Singh, Piyush Chawla, Pragyan Ojha. |