I have created a content type for Events with fields Event Date and Event description, these events are linked to a seperate page. Now i want the latest event to appear on the top position of the page and older ones below. How to achieve this? Please help at the earliest.
you can do that using views module. I you don't have it, it is worth installing since you will use it a lot as you get hold of it.
Create a view showing fields of your content type event. In the view you can create a page which is useful for your case. You can custom your page url so it is easily added to a menu or link.
One you bring the fields you need, you can filter the view to show you only the field of the content type and arrange by date added.