key rates unchanged citing increased risks to inflation and difficult external situation especially on the geopolitical front. The RBI also retained the growth projection for the current fiscal at 5.5 per cent. The apex ank sees !"#$ growth at $.% per cent. 1. Bank Rate & ' ( )*nchanged+ 2. ,ash Reserve Ratio & - ( )*nchanged+ #. ./R & 00 ( )*nchanged+ 4. Repo Rate & 1 ( )*nchanged+ $" Reverse Repo Rate & 2 ( )*nchanged+ %" 3arginal .tanding Rate & ' ( )*nchanged+ 2" 4resident 4rana 3ukherjee authorised 5igilance ,ommissioner Ra&i to a't as 'hie( o( Central )i*ilan'e Commission (C5,+ until the appointment of the ,entral 5igilance ,ommissioner. #" 6ustice Hand+ala ,a-shminara+anaswam+ .attu was sworn/in as the 42nd Chie( 6ustice of India on 01 .eptemer 07#-. 8e succeeded ,hief 6ustice R3 /odha who demitted office on 02 .eptemer 07#-. 4" 9I9:3; Treasurer 0 Panneerselam was sworn/in as Chie( 1inister o( Tamil 2adu. 8e replaced the former 9I9:3; chief 6 6ayalalithaa. $" 3shra( Ghani 3hmad4ai was sworn in as president of 9fghanistan. %" The Bangladesh government appointed S+ed 1ua44em 3li as the new Bangladesh 8igh ,ommissioner to India. 5" Suresh Prabhu was appointed as Prime 1inister 2arendra 1odi6s Sherpa for the Group of 07 annual .ummit 07#-. The G<07 annual summit will e held in Brisane from #5 =ovemer to #$ =ovemer 07#-. .herpa is a senior official responsile for preparing the agenda for leaders to consider during the summit. 7" India T5 chairman and editor/in/'hie( Ra&at Sharma was appointed as the new president of the =ews Broadcasting 9ssociation )=B9+ for the year 07#-<07#5. 8" /ieutenant General Ri4wan 3-htar was appointed as the new head o( the 4akistan>s spy agency Inter<.ervices Intelligence )I.I+. 10" *. 4resident Barack ?ama nominated Indian< 9merican Ri'hard Rahul )erma as the next *. 9massador to India.
11" ,alitha Kumaraman*alam was appointed as chairperson of 2ational Commission for @omen. 12" ,hinese 4resident Ai 6inpin* appointed ,e 9u'hen* as China:s new 9massador to India. 1#" 9ctor ,eonardo .iCaprio was appointed as ;nited 2ations 1essen*er of 4eace with a special focus on climate change. 14" The International Bconomic 9ssociation appointed Kaushi- <asu as president/ele't o( the asso'iation be*innin* .eptemer 07#-. This G; ,apsule has een prepared y ,areer 4ower Institute :elhi )!ormerly ;nown as Bank 4ower+. This has een prepared on the asis of news and events appeared in The 8indu =ewspaper in the month of .eptemer 07#-. 8oweverC he will continue to serve as .enior 5ice 4resident and ,hief Bconomist of @orld Bank. 1$" 3eghalaya Goernor= .r" Krishan Kant Paul was swornin as the Goernor of 3anipur. 1%" .enior I9. officer Subhash Chandra Gar* was appointed as the >?e'utie :irector )B:+ of @orld Bank.
15" !ormer ,hief 6ustice of IndiaC Palaniswam+ Sathasiam was appointed as the new Governor of ;erala. 8e will replace .heila :ikshit. 17" !ormer *... spy agency contractor >dward Snowden and 3lan Rusbrid*er= editor of The Guardian won Right /ivelihood 9ward. 18" ,ricketer Sa'hin Tendul-ar and Stee @au*h o( 3ustralia were sele'ted as Bradman 8onouree 07#-. 20" 8indi<language feature film ,iar:s .i'e was sele'ted (or Andia6s o((i'ial entr+ in the 07#5 ?scars 9wards for the Best !oreign /anguage !ilm category. The film is directed y Geethu 3ohandas. The 12th ?scar 9wards event will take place in the *. on 00 !eruary 07#5. 21" Goind 1ishra= the renowned Hindi author was *ien the Saraswati Samman in =ew :elhi. 8e was given the .amman for his novel :hool 4audhon 4ar that was pulished in 0771. 22" The @orld 8ealth ?rganisation honoured Bangladesh and Timor</este with .outh Bast 9sia Regional 9ward for Bxcellence in 4ulic 8ealth. 2#" Court= an Andian moie written and dire'ted b+ Andian writer Chaitan+a Tamhane won the /ion of the !uture & /uigi :e /aurentiis award for a :eut !eature at the 2#st 5enice !ilm !estival. 24" B Ba+alalithaa= the Chie( 1inister o( Tamil 2adu was (ound *uilt+ in the disproportionate assets case y the .pecial ,ourt in Bangalore. The ,ourt pronounced a jail term of - years and fined #77 crore rupees to her. 2$" The -#st ,hief 6ustice of India ),6I+C Rajendra 3al /odha retired. 2%" .outh 9frica denied visa to :alai /ama for =oel .ummit. 8e was scheduled to attend the #-th world summit of =oel peace laureates in ,ape Town in ?ctoer 07#-. 25" Taslima 2asreen= the 'ontroersial writer o( <an*ladesh in (irst week of .eptemer was given a one<year long visa that allows her to stay in India till 9ugust 07#5. 27" The 4resident 4rana 3ukherjee was on a visit to 5ietnam from #- to #2 .eptemer 07#-. 28" .ushma .warajC the *nion 3inister of Bxternal 9ffairs and 3inister for ?verseas Indian 9ffairs visited Bahrain. #0" !ormer International cricket umpire 1ohammad Ghouse died following a rief illness. #1" The British aid workerC .aid Haines was in news as he was beheaded b+ Aslami' .tate of IraD and .yria )I.I.+ militants. #2" !reedom fighter and veteran journalist 6itendra ,handra 4aul. ##" 4rominent Bangladeshi 2a4rul San*eet sin*er Ciro4a <e*um died in :haka due to heart and kidney prolems. #4" /egendary *. comedian and talk<show host 6oan Rivers died. #$" The worldEs oldest test cricketer =orman Gordon died in 6ohannesurg. 8e was a former .outh 9frican international fast owler. #%" !ormer 9ttorney General of India Goolam >ssa&i )ahanati died of a heart attack in 3umai. #5" 4eopleFs /ieration 9rmy )4/9+ of ,hina on 07 .eptemer 07#- pitched seven tents at 4oint %7R 4ost in ,humar area of /adakh within the Indian Territory. #7" The !ores India magaGine released The #77 Richest Indian /ist 07#-. 9s per the listC the top #77 richest tycoons in India are all illionaires for the first time.. 9ccording to the !ores India /istC the Top #7 Richest people of IndiaH #. 3ukesh 9maniI 0. :ilip .hanghviI %. 9Gim 4remjiI -. 4allonji 3istryI 5. /akshmi 3ittalI $. 8induja rothersI 2. .hiv =adarI 1. Godrej familyI '. ;umar BirlaI #7. .unil 3ittal. #8" @orld population will reach ## illion y 0#77 and it was highly unlikely that gloal population will stailiGe y the end of 0#77 according to *= report. 40" ;43G<!I,,I study has ranked India among top three medical tourism destinations in 9sia. The other two countries within 9sia that receive maximum medical tourists are Thailand and .ingapore. 41" The @orld Bank Group approved #75 million *. dollars grant for Bola Bmergency Response project to fight Bola in GuineaC /ieria and .ierra /eone. 42" *= ,limate ,hange .ummit 07#- was held at *= headDuarters in =ew "ork on 0% .eptemer 07#- to put the planet on course towards reversing gloal warming. The purpose of the 07#- ,limate .ummit was to raise political momentum for a meaningful universal climate agreement in 4aris in 07#5. 4#" The G<20 ,abour and >mplo+ment 1inisterial meet was held at 1elbourneC 9ustralia. 44" The two rothersC 3'hin and Sartha- 2arula o( .elhi be'ame the (irst eer contestants to win 2 crore rupees in the television showC ;aun Banega ,rorepatiC hosted y 9mitah Bachchan. 4$" 9ustralian 4rime 3inister Tony 9ott returned two stolen antiDue statues of 8indu deities to Indian 4rime 3inister =arendra 3odi. ?ne of the idols is a =atarajaC the dancing .hiva that elongs to the ,hola dynasty of ##th<#0th century. The other sculpture is of 9rdhanariswara which represents .hiva in half< female form. It elonged to the #7th century. 4%" The reied 2alanda ;niersit+ started its (irst session with 1$ students in its makeshift campus at the Buddhist pilgrim town of RajgirC aout #77 km from 4atna. 45" ?peration 3egh Rahat & a rescue operation undertaken y Indian 9rmy during 6ammu and ;ashmir floods Indian 9rmy on #' .eptemer 07#- completed rescue ?peration 3egh Rahat in 6ammu and ;ashmir. 47" .R4! ).pecial Rhino 4rotection !orce+ is to e setup to protect Rhinos from poaching in 9ssam. It will e created in 9ssam with the help of ,entral funds. 48" Barauni ound /ucknow & Barauni express collided with the coaches of /ucknow ound 3aduadih</ucknow ;rishak Bxpress near Gorakhpur station at =andnagar railway crossing. $0" Bollywood actor 2aseeruddin Shah released his autobio*raph+ 3nd then 0ne .a+H 9 3emoir. $1" 57 years of man in space was authoured b+ Gari- Asraelien= <rian 1a+ and :avid 6 Bicher. $2" The .upreme ,ourt of India formed a five memer committee to evaluate the damage caused y devastating floods in 6ammu and ;ashmir )6J;+ in .eptemer 07#-. $#" 8 :evaraj ,ommittee reported that most of the deemed universities are not fit for eing a university. It said that out of -# , category deemed universities only #7 universities are found to e fit for eing a university. $4" *nion !inance 3inister 9run 6aitley constituted 8 R ;han panel to assess the amount of unclaimed deposits in the 44! accounts and 4ost ?ffice saving schemes. $$" Bomay 8igh ,ourt set up 5 5 :aga ,ommittee to conduct forensic audit of =.B/ and liDuidate the assets of its defaulting orrowers in the over 5577 crore rupees payments scam. $%" .ivaramakrishnan committee constituted y the *nion Government to suggest the place to uild the capital city of 9ndhra 4radesh sumitted its report. $5" *nion Goernment de'lared 2$ September as 3nt+od+a .iwas" 3nt+od+a diwas was obsered to mar- the 87th birth anniversary of 4andit :eendayal *padhyay. $7" =ational 8indi :ivas )8indi :ay+ was oserved across India on #- .eptemer 07#-. $8" The India<*. ,omined 3ilitary Training >?er'ise 9udh 3bh+as 07#- concluded at Ranikhet in *ttarakhand.
%0" Indian 9ir !orce gifted a vintage :akota aircraft from its museum to Bangladesh 9ir !orce. %1" .trategic !orce ,ommand of India successfully test<fired nuclear weapons capale allistic missile 9gni<I with a range of 277 ;m. The missile was launched from the Integrated Test Range )ITR+ at @heeler IslandC Balasore off the ?disha ,oast. %2" India>s first 9ir 5eteran Rally was held at the 9ir !orce 9uditoriumC .uroto 4ark in =ew :elhi. %#" IndiaFs largest naval offshore patrol vessel I=. .umitra was commissioned into Indian =avy. %4" Indo<=epal joint military exercise .urya ;iran< 5II concluded on %# 9ugust 07#- at 4ithoragarh. %$" The *nion 3inistry of =ew and Renewale Bnergy announced the organisation of the first Renewale Bnergy Gloal Investors 3eet J Bxpo )RB<I=5B.T+. The meet is scheduled to e held on #5 !eruary 07#5 in =ew :elhi. %%" 4rime 3inister =arendra 3odi launched the countryFs iggest<ever cleanliness drive that is expected to cost over Rs $0C777 croreC asserting that the K.wachh BharatK mission is Keyond politicsK and inspired y patriotism. The ,ainet had last month decided to merge the F=irmal Bharat 9hiyanFC a campaign for rural sanitation with .wachh Bharat 3ission. %5" 4rime 3inister =arendra 3odi has directed the *niDue Identification 9uthority of India )*I:9I+ to ensure Luniversal coverageM under 9adhaar y 6une 07#5. The current 9adhaar enrolment is aout $1 croreC which means over 57 crore people will have to e rought under its amit within the next eight months. /ast monthC the union cainet set a target of #77 crore enrolment under 9adhaar y the end of next year. %7" Targeting a five<fold jump in Indo<*. trade to *.: 577 illionC 4rime 3inister =arendra 3odi and *. 4resident Barack ?ama pledged to deepen economic cooperation and will set up a joint program to oost usiness investment. %8" *. government welcomes IndiaFs offer for *. industry to e the lead partner in developing smart cities in 9jmer )Rajasthan+C 5ishakhapatnam )9ndhra 4radesh+ and 9llahaad )*ttar 4radesh+. 50" *. 4resident Barack ?ama and Indian 4rime 3inister =arendra 3odi agreed to deepen *.< Indian cooperation on maritime security to ensure freedom of navigation in what amounts to a response to ,hinaFs naval muscle<flexing in 9sia. 51" India and the *. decided to set up an inter< agency contact group to address liaility and technical issues hindering installation of 9merican<origin nuclear reactors in India. 52" India and *. agreed to extend their defence agreement for another #7 years which is expected to give a ig oost to cooperation in this key area etween the two countries. 5#" The government announced setting up of four task forces to lay down the roadmap for developing four new regulatory agencies N 4ulic :et 3anagement 9gency )4:39+C !inancial .ector 9ppellate Triunal )!.9T+C !inancial :ata 3anagement ,entre )!:3,+ and Resolution ,orporation )R,+. 54" 43 =arendra 3odi and 4resident Barack ?ama issued an India and the *. vision statement K,halein .aath .aathH !orward Together @e GoK promising that their Kstrategic partnershipK would work to comat terror threats and prevent the spread of weapons of mass destruction. 5$" The government is planning to introduce a fresh Bill in the winter session of 4arliament to repeal over a #C777 archaic laws in the financialC socialC land and infrastructure sectors. 5%" The next 4arvasi diwas will e held in 9hmedaad in 6anuary 1<' next year. The 4ravasi :iwas will coincide with the #77 years of coming ack of 3ahatma Gandhi next year. 55" .tandard J 4oor>s improved its rating outlook for India to LstaleM from Lnegative even as it retained the credit rating at LBBB<M. 9mong the other major rating firmsC 3oody>s maintains Baa% rating for India with stale outlook while !itch rates the country>s creditworthiness at BBB< with a stale outlook. 57" .tandard and 4oorFs warned that it could downgrade rating of crisis ridden .yndicate Bank if its asset Duality deteriorates. It has raised the rating outlooks on ## Indian anks and financial institutions to stale from negative. These includeC Bank of IndiaC 8:!, BankC I,I,I BankC I:BI BankC Indian BankC I:!,C ;otak 3ahindra BankC ;otak 3ahindra 4rimeC .tate Bank of India and *nion Bank of India. 58" Revising IndiaFs G:4 upwards y 7.% per cent to $.% per cent in 07#5C 9sian :evelopment Bank )9:B+ has said the economy shows a new promise of turnaround after the election rought a stale government in 3ay. 70" In a id to make the country a manufacturing huC 4rime 3inister =arendra 3odi promised easy an effective governance to enale ease of doing usiness as he launched the F3ake in IndiaF campaign. 71" 3umai has emerged as the least expensive city in the world to live and work inC according to a latest real estate analysis. British capital /ondon has overtaken 8ong ;ong as the most expensive city to rent living and working space. 72" The *nion government said the proposed Goods and .ervices Tax could ecome a reality from 9pril #C 07#$. The finance ministry is set to introduce the ,onstitution )##5th 9mendment+ Bill in the winter session. 7#" India and ,hina inked #0 pacts in a range of areas including railways and outer space as Beijing pledged investments of *.: 07 illion over five years in a id to oost economic ties and address IndiaFs concerns over trade deficit. 74" The Indian Railways will get assistance from its counterpart in ,hina for semi<high speed corridorsC which allow trains to run at a speed of up to 077 km per hour. 7$" India has retained its sixth position in terms of numer of illionaires with #77 such people collectively having *.: #25 illion in networthC while gloally the numer of uer<rich has reached a record high of 0C%05 persons according to the @ealth<A and *B. Billionaire ,ensus 07#-. 7%" 4.* oil marketers not only wiped out their Lunder<recoveryM on diesel in the fortnight ended .eptemer #5 ut also reported a marginal over<recovery of %5 paise a litre on its sales. The developmentC mainly due to monthly price hikes since 6anuary 07#% and also helped hugely y a relatively low gloal crude oil price. 75" 4ension !und Regulatory and :evelopment 9uthority has set up a panel of expertsC headed y former .ei chief G= BajpaiC to review investment norms for =ational 4ension .ystem )=4.+ schemes for the private sector. 77" Industrial and infrastructure project proposals will get security clearance within #0 weeks as the 8ome 3inistry has streamlined the process y issuing a detailed guideline in this regard. 78" To sort out the liaility issue plaguing Indian nuclear reactorsC the ,entre has asked General Insurance ,ompany )GI,+ to work on a model that could e applied to insure such facilities in the country. 80" 9 new index ,reative 4roductivity Index ),4I+ ranks 6apan as the most efficient among 9sian countries while 3yanmarC 4akistan and ,amodia are least efficient. India is at #-th rank. The 9sian :evelopment Bank said it developed the index with the Bconomist Intelligence *nit to give policymakers a tool to assess how est to foster innovation and creativity in 9sian economies. 81" @ith the target of providing houses for all y 0700C a new integrated =ational 8ousing 3ission will e launched soon y merging some of *49Fs flagship schemes like 6==*R3 and Rajiv 9was "ojana. 82" Boeing has delivered the fifth maritime patrol aircraft 4<1I to India as part of a deal for eight aircraft to support the Indian =avyFs maritime patrol reDuirements. 8#" !inance minister 9run 6aitley is unlikely to attend the G<07 finance ministers and central ank chiefs> meeting in ,airnsC 9ustraliaC on .eptemer 07 and 0#C as he is recovering from a diaetes management surgery. 3inister of state )finance and commerce+ =irmala .itharaman will attend the meeting instead. 84" The Bxpenditure 3anagement ,ommission headed y Bimal 6alanC will sumit its interim report y 6anuaryC in time for its recommendations to e incorporated in the !"#$ Budget. 8$" Rating agency 3oodyFs said prospects have rightened with growth rate expected to accelerate to 5.0 per cent in 07#- and $.5 per cent y end of 07#5. 8%" The ,ainet ,ommittee on Bconomic 9ffairs has cleared sale of governmentFs ##.%$ per cent in =84,. The government also gave a go< ahead to the much<awaited #7 per cent stake sale in ,oal India /tdC which could fetch over Rs 0%C777 crore to the excheDuer. Government also cleared 5 per cent disinvestment in oil major ?=G,C which may fetch the excheDuer aout Rs #1C777 crore. 85" RBI said guarantorsC group firms and management can also e classified as wilful defaulters y lenders. If the guarantor refuses to comply with the demand made y the anker despite having sufficient means to make payment of the duesC such guarantor would also e treated as a wilful defaulter.
87" The =:9 government has decided to start negotiations for a free<trade agreement )!T9+ with 4eru. 88" India has signed the free trade agreement )!T9+ in services and investments with the #7<memer 9ssociation of .outheast 9sian =ations )9sean+. 100" :eclaring the 6ammu and ;ashmir floods as Knational level disasterKC 4rime 3inister =arendra 3odi announced Rs #C777 crore as special assistance for rehailitation. 101" .even years after the then 9ustralian 4rime 3inister 6ohn 8oward decided to sell uranium to India. India and 9ustralia signed the civilian nuclear cooperation agreement. 102" 9ndhra 4radesh ,hief 3inister = ,handraau =aidu announced that the new capital of the state would be lo'ated Daround )i&a+awadaK. 10#" India is among the worst< ranked countries when it comes to taxation and inflation urden on economyC as also in terms of the negative impact of crimeC terrorism and health haGards on usiness environmentC a @B! report said. ?ut of #-- countries analysed y the @orld Bconomic !orumC India ranks #%%rd in terms of inflationC #%7th for taxes and #%#st for starting a usiness. .witGerland has retained its top slot. 104" India will *et E#$ billion (rom Bapan over the next five years for development projectsC including uilding of smart cities and next generation infrastructure. 10$" 6apan offered to provide financialC technical and operational support to India for introduction of ullet trains. The two 4rime 3inisters look forward to the completion of the 6oint !easiility .tudy on 8igh .peed Railway system on 9hmedaad&3umai route.
10%" 4rime 3inister =arendra 3odi signed 3emorandum of *nderstanding )3o*+ with Bapanese P1 Shin4o 3be to turn )aranasi into a Fsmart 'it+6 with help (rom K+oto" 105" The mu'h/awaited minimum monthl+ pension o( Rs"1=000 and a hi*her wa*e 'eilin* o( Rs"1$C777 for social security schemes run y retirement fund manager Bmployees> 4rovident !und ?rganisation )B4!?+ will e implemented from .eptemer #. 107" 3s. 3ridula .inha will e administered oath of office as the Governor of Goa. 108" Bharatiya 6anata 4arty leader ,h. 5idyasagar Rao was sworn in as 3aharashtra Governor. 8is appointment followed the resignation of *49 appointed ;. .ankaranarayanan. 110" 9 four<memer high<level committee has een set up under the former Cabinet Se'retar+ T"S"R" Subramanian to e?amine five laws administered y the *nion 3inistry of BnvironmentC !orests J ,limate ,hange. 111" Iran unveiled a new surface<to<air Talash<% )Bffort<%C in 4ersian+ missile and two radar systems 9rash<0 and ;ayhan. 112" The :epartment of 4ersonnel and Training has notified amendments giving autonomy to the /okpal search committee to shortlist and recommend names independently for selection of ,hairman and memers of the anti<corruption ody. 11#" 3umai>s Bsplanade 8ouseC once the residence of 6amsetji TataC founder of the Tata empireC and the .hri .akhargad =ivasini :evi Temple ,omplex in .atara are among the #- projects from #7 countries that agged the *=B.,? 9sia< 4acific 8eritage 9wards that were announced in Bangkok. 114" India and Bangladesh have reached a decision on ratification of the /and Boundary 9greement )/B9+ and ensure Gero order killings. 11$" ,hina will set up two industrial par-s in Andia= one ea'h in Gu&arat and 1aharashtra. 11%" Tata ,onsultancy .ervices has reappointed 2 Chandrase-aran as ,hief Bxecutive ?fficer and 3anaging :irector for a five year term. 115" Bihar is the fastest growing .tate while Tamil =adu is the worst performerC the latest data released y the ,entral .tatistics ?ffice ),.?+ has revealed. Bihar>s Gross .tate :omestic 4roduct )G.:4+ grew #7.2% per cent during 07#0<#%. The second<est performing .tate is 3adhya 4radeshC which grew at '.1' per cent. :elhi is third with a growth rate of '.%% per cent. 117" TeGu in 9runachal 4radeshI ;ishangarh in RajasthanI 6harsuguda in ?dishaI and 8uli and Belgaum in ;arnataka will soon get no<frills airports. 118" ;olkata<orn British author =eel 3ukherjee>s latest novel The /ives of ?thers has een shortlisted for the prestigious Booker 4riGe 07#-. 120" The Indian economy will grow at a rate of 5.$ per cent in 07#- according to *nited =ations ,onference on Trade and :evelopment )*=,T9:+ said. 121" ACACA <an- laun'hed Anstant 1one+ Trans(er" An whi'h 'ustomer 'an now trans(er mone+ (rom their a''ount to anyone in India with a moile numer. 122" 3eghalaya Governor ;rishan ;ant 4aul has een *ien additional 'har*e o( 1anipur and 1i4oram" 12#" The Buropean *nion )B*+ decided to slap new economic sanctions on Russia over its actions in *kraine. 124" 4aypal will start accepting itcoin payments through its susidiaryC BraintreeC the company has announced. 12$" 8aryana and 3aharashtra will hold elections on ?ctoer #5C with counting of votes on ?ctoer #'C as per the schedule announced y the Blection ,ommission. 12%" ,hina will e the focus country for the -5th International !ilm !estival of India )I!!I+ 07#-C scheduled to e held in Goa etween =ovemer 07 and %7. 125" Retail inflation moderated slightly to 2.1 per cent in 9ugust from 2.'$ per cent in 6uly. 127" India and 5ietnam signed seven agreementsC including one for enhanced cooperation in the oil sector. 02GC )idesh ,imited (0),! and )ietnam 0il si*ned a ,etter o( Antent (,oA! (or &ointl+ e?plorin* two more blo'-s" 128" India has warmed to the idea of the B,I3 )Bangladesh<,hina<India<3yanmar+ corridor that could prove to e a game<changer in regional linkages among the four countries. The B,I3 corridorC long promoted y ,hinaC is intended to link ;unming to ;olkataC 3andalay )3yanmar+C :haka and ,hittagong. 1#0" ,hinese 4resident Ai 6inping made a special announcement on opening a new route for pilgrims to ;ailash<3ansarovar in the Tietan 9utonomous Region. 1#1" The Bxport<Import Bank of ,hina ),hina Bxim Bank+ and the ,hina :evelopment Bank ,orporation ),:B+ signed various agreements with .BIC I,I,I Bank and 9xis Bank. 1#2" 4ulic sector anks )4.Bs+ in India will need to raise up to O%2 illion over the next -<5 years to meet Basel III compliance normsC credit rating agency 3oody>s said. 1##" The government has set up a high<level committee headed y Biek :eroy to reconfigure the Railway Board as well as to suggest steps for resource moilisation for major projects. 1#4" The government postponed the decision on revising natural gas prices till =ovemer #5. =:9 government had deferred the implementation of the Rangarajan formulaC approved y the previous *49<regimeC till .eptemer %7. 1#$" The .upreme ,ourt cancelled 0#- coal locks allocated since #''%. 1#%" Bamiyan has een selected to e the .99R, cultural capital for a year eginning 9pril 07#5. :haka will e the .99R, cultural capital in 07#$<#2. The year 07#$<#2 will also e declared the .99R, "ear of ,ultural 8eritage. 1#5" ,ricket legend ;apil :ev has een honoured with a /ifetime 9chievement award at a ceremony in the 8ouse of /ords in /ondon. 1#7" ,hief 3inister 4rithviraj ,havan resigned from his postC a day after the =ationalist ,ongress 4arty )=,4+ withdrew support to his government and reduced it to a minority.