After getting many mails from everyone for getting CiviCRM Events Calendar working by refering my previous  Blog http://www.impossible.co.in/blog/admin/civicrm-events-calender-jquery-pl... , I decided to convert the code in an drupal module, which may be very useful to users to get it working at first instance.

Have released the CiviCRM Events module which uses the jquery plugin fullcalendar .