Wednesday, August 1, 2012

Date: 1st Aug 2012

Important News of the Day
1. North, East & Northeast Grids All Trip, Over Half Of India’s Population Reels Under World’s Biggest-Ever Blackout.
2. Rs 1900cr grant to fight drought.
3. New FM- P Chidambaram, New Home Minister- Sushil Kumar Shinde, New Power Minister- Veerappa Moily.
4. Pak allows Nato supplies to Af, secures $1bn aid from US.
5. SLR cut by 1% to 23%. No change in Repo / Reverse Repo / MSF / Bank Rate/ CRR.- 1st Quarter Review of Monetary Policy 2012-13.
6. Fiscal deficit at 37% of Budget estimates.

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