[Indian Current Affairs:656] Current affairs briefing for 21st October, 2008

Hi friends,

Here goes our link for today:

http://indiancurrentaffairs.blogspot.com/2008/10/21102008.html

In today's briefing:

1.  RBI reduces the repo rate by 1%.  Repo rate now stands at 8%. 

2.  China slows down and the US contemplates one more stimulus package.

3.  Can you reel off three effects of an exchange rate policy?  I have excerpted this from a very good article for you.  Many a time it so happens that we know all these things, but we fail to articulate them well in times of need.  That's why it does pay to have some recaps like this.

4.  India and Pakistan open the trade route between Srinagar and Muzaffarabad. 

5.  It is very rare for CAGs to keep chatting up with the press.  As our CAG decided to speak to the press, we get a chance to know some developments on the government budgeting methods, audit issues right from horse's mouth.  We take this opportunity to recap concepts like performance budgeting, zero based budgeting, and outcome budgeting. 

That's it for today.  Happy reading.

Ramakrishna

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Blogs I commend:
http://indiancurrentaffairs.blogspot.com
http://discover-it.blogspot.com
http://quizindia.blogspot.com
http://funnyaffairs.blogspot.com

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