- 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.
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