26 October 2011

• RBI increases Repo (re-purchasing options)/Reverse Repo rates by 25 basis points
• Repo rate : 8.25 to 8.5
• Reverse Repo : 7.25 to 7.5
• Ghulam Mustafa Mughal : Chief Justice of Pakistan occupied Kashmir (PoK)
• He was shot, injured
• Rtd Jst MR Hariharan Nair Committee : Pulmedu disaster
• Cristina Fernandez de Kirchner : re-Elected as President of Argentina
• UN General Assembly passed a resolution titled "Necessity of ending the economic, commercial & financial embargo imposed by the USA against Cuba" 
• tells US to lift its embargo on Cuba
• MM Pallam Raju : Minister of State for Defence
• INS Kadmatt : 2nd indigenous Anti-Submarine Warfare Corvette launched @ Kolkata
• Built by Garden Reach Ship Builders Engineers Ltd
• 2nd in the series of 4 Corvettes
• INS Karmota : 1st in series
• Ashish Bagga : President of Indian Newspaper Society
• Diwali Bonanza to farmers : Minimum Support Price (MSP) up for Rabi crops
• JS Sharma : Chairman of Telecom Regulatory Authority of India (TRAI)
• Arabinda Rajkhowa : Chairman of ULFA(United Liberation Front of Asom)
• RK Singh : Union Home Secretary
• Ranjan Mathai : Foreign Secretary
• Australia cancels 15,066 student visas for breaching visa conditions
• Under Tier-4 of points-based immigration system of UK, applicants of student visas are required to submit a financial statement that they have enough funds to pay for their course & live in UK
• UK banned nearly 1900 Indian banks for the purpose of verifying applicants' financial statement
• Yes Bank raised its savings rate by 200 basis points to 6% & bank rate by/minimum lending rate by 25 basis points to 10.5%
• "RBI rate hike will help curb inflation" : Pranab Mukherjee, Finance Minister
• Manufacturing sector to contribute 25% of GDP within a decade