Fix typos in readme

Author: nithinbekal

README.md

@@ -1,22 +1,20 @@
 # The Red Book
 
-This document is guide on how we work.
+This document is guide on how we work at Red Panthers.
 
 ## create a new entry
 
 To create a new entry we have created a rake task.
 
 ```sh
-
 rake entry
-
 ```
 
-It would ask you for the section id, class, title and priroty number. The number decides the positon of the document
+It will ask you for the section id, class, title and priority number. The number decides the positon of the document
 in the table of contents.
 
 As per our internal convention numbers 
 
  * `1000 - 2999` will have the generate introduction & notes
- * `3000 - 89000` would have the various technical guidelines on coding
- * `9000 & beyond` would cover the non technical topics like project management, etc
+ * `3000 - 8900` would have the various technical guidelines on coding
+ * `9000 & beyond` would cover the non technical topics like project management, etc