Important News of the Day
1. Three Indian staterun oil majors OVL, IOCL, IOL which are having a stake of 18% in Carabobo-I project in the Faja oil belt of eastern Venezuela in partnership with Spain’s Repsol is facing the “threat of nationalization or expropriation” of their assets in that country.
2. The government swapped the portfolios of revenue secretary R S Gujral and ex
1. Three Indian staterun oil majors OVL, IOCL, IOL which are having a stake of 18% in Carabobo-I project in the Faja oil belt of eastern Venezuela in partnership with Spain’s Repsol is facing the “threat of nationalization or expropriation” of their assets in that country.
2. The government swapped the portfolios of revenue secretary R S Gujral and ex
penditure secretary Sumit Bose signals new approach on taxes.
3. 34 die in U'khand flash floods.
4. Indian and Russian armies are scheduled to hold their first joint counter-terrorism wargames, involving tanks and armoured fighting vehicles, close to Moscow’s boundary with China and Mongolia from August 7.
5. 38 irrigation projects in Vidarbha were increased from Rs 6,672 crore to Rs 26,722 crore by the Vidarbha Irrigation Development Corporation (VIDC). More shockingly, this mindnumbing 300% cost escalation of over Rs 20,000 crore was approved in a short span of three months between June and August 2009.
6. MCX-SX gets nod to start currency options.
7. Former RBI governor Y V Reddy could be soon named the head of the 14th Finance Commission.
8. Andy Murray beat Roger Federer in Olympics Men's Final, wins Gold.
9. Michael Phelps wins gold in US 4X100M medley relay. Phelps won 4 gold and two silver medals in London. Phelps total medals in Olympics till now is 22 (18G, 2S, 2B).
10. Lin Dan of China beat Lee Chong Wei of Malaysia, won Gold in Men's Badminton.
11. Virat Kohli climbs to 2nd position in World ODI rankings, SA's Hashim Amla is no. 1.
3. 34 die in U'khand flash floods.
4. Indian and Russian armies are scheduled to hold their first joint counter-terrorism wargames, involving tanks and armoured fighting vehicles, close to Moscow’s boundary with China and Mongolia from August 7.
5. 38 irrigation projects in Vidarbha were increased from Rs 6,672 crore to Rs 26,722 crore by the Vidarbha Irrigation Development Corporation (VIDC). More shockingly, this mindnumbing 300% cost escalation of over Rs 20,000 crore was approved in a short span of three months between June and August 2009.
6. MCX-SX gets nod to start currency options.
7. Former RBI governor Y V Reddy could be soon named the head of the 14th Finance Commission.
8. Andy Murray beat Roger Federer in Olympics Men's Final, wins Gold.
9. Michael Phelps wins gold in US 4X100M medley relay. Phelps won 4 gold and two silver medals in London. Phelps total medals in Olympics till now is 22 (18G, 2S, 2B).
10. Lin Dan of China beat Lee Chong Wei of Malaysia, won Gold in Men's Badminton.
11. Virat Kohli climbs to 2nd position in World ODI rankings, SA's Hashim Amla is no. 1.
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