Current Affairs

 Looking to provide an impetus to early-stage start-ups, markets regulator Securities and Exchange Board of India (SEBI) decided to double the investment limit by angel funds in venture capital undertakings to Rs10 crore from the current Rs5 crore. The SEBI board has approved amendments to Alternative Investment Funds (AIF) regulations with respect to ‘Angel Funds.’ However, the minimum investment by an angel investor will continue to be Rs25 lakh. Further, SEBI would halve the minimum corpus size required for an angel fund to register with it to Rs5 crore.
Source- The Hindu Business Line

 Uttar Pradesh Chief Minister Yogi Adityanath inaugurated a 10.30-km-long elevated road, touted to be the longest of its kind in the country, connecting UP Gate and Rajnagar Extension, Ghaziabad. Built at a cost of Rs1,147 crore, the six-lane elevated road is supported on 227 pillars. The road will make it easier to commute between Delhi and Ghaziabad. Apart from this, it will also be easy for commuters to reach National Highway (NH) 58 from NH 24.
Source- The Hindu

 Former Manipur Chief Minister R K Dorendra Singh passed away at the Jawaharlal Nehru Institute of Medical Sciences Hospital in Imphal. He was 83. Dorendra Singh had been chief minister of the state four times between 1974 to 1993. Before becoming the chief minister, he was the Speaker of Manipur Assembly.
Source- The Indian Express

 Senior bureaucrat Chandra Bhushan Kumar has been appointed as Deputy Election Commissioner as part of a major bureaucratic reshuffle effected by the government. A total of 13 officers have been appointed as joint secretaries in different central government departments. Bhushan, a 1995 batch IAS officer of union territories cadre, has been appointed to the post for five years.
Source- The Economic Times

 R K Singh, Minister of State (IC) for Power and New & Renewable Energy, laid the foundation stone of the 60 MW Naitwar Mori Hydro Electric Project (NMHEP) along with Uttarakhand Chief Minister Shri Trivendra Singh Rawat in Uttarkashi. The Proposed NMHEP is located on the river Tons – a tributary of the Yamuna, in Uttarkashi district of Uttarakhand. This run-of-the river project was allocated to SJVN Ltd by the Government of Uttarakhand.  SJVN Ltd is a Mini Ratna PSU under administrative control of the Ministry of Power, Govt. of India.
Technical details of the Project:  
  • NMHEP envisages construction of 30.50 m high barrage located at d/s of the confluence of Rupin and Tons rivers at village Naitwar, 4.33 km long Head Race Tunnel having 5.6 m dia., 51.65 m deep surge shaft with a dai of 18 m.
  • The project utilizes a net head of 90.76 m. to generate 265.50 MU in a 90 per cent dependable year.
Source- The Hindu Business Line

 In a bid to prevent the possibility of manipulation in the prices of securities, especially government securities (G-Secs), the Reserve Bank of India has changed the methodology used by debt market players, including banks and primary dealers, for their valuation. As per a central bank directive, security/bond valuation will be based on the weighted average price of the last half-an-hour of trading on the last trading day of every quarter against the last traded price earlier. The methodology as to how the bonds are valued is crucial for mark-to-market (MTM) purposes.
Source- The Hindu Business Line

 Asia's largest startup ecosystem congregation, Huddle Kerala, will be held at Kovalam. The initiative is envisaged to provide a platform for start-ups to pitch their products and interact with a wide array of technology and industry leaders from around the world. Chief Minister Pinarayi Vijayan will inaugurate the conclave, being organised by the Kerala Startup Mission (KSUM) in association with Internet and Mobile Association of India (IAMAI) and IAMAI Startup Foundation.
Source- The Economic Times

 The United States and South Korea began their joint military training exercise named 'Foal Eagle. More than 11,500 U.S. troops and nearly 300,000 South Korean forces will take part in the four-week exercises. Foal Eagle, the largest annual joint military exercise in South Korea, usually runs about two months. Its start was delayed this year at the request of South Korea until after the Winter Olympics.
Source- USA Today

 With an aim to combat the rising levels of air pollution in Delhi-NCR region, petrol pumps in the capital started supplying ultra-clean Bharat Stage VI grade fuel (both petrol and diesel). This move makes New Delhi the first city in the country to switch from BS-IV grade fuels to BS-VI (equivalent to fuel meeting Euro-VI emission norms). Other cities like Noida, Ghaziabad, Gurugram and Faridabad along with 13 major cities, including  Mumbai, Chennai, Bengaluru, Hyderabad and Pune, will also switch over to cleaner BS-VI grade fuel from January 1, 2019. However, BS- VI fuel will be rolled out in rest of the country by April 2020.
Source- The Indian Express

  The Miami Open, sometimes known as the Miami Masters, is an annual tennis tournament for men and women currently held in Florida, the USA. American John Isner won his first ever Masters 1,000 title with a victory over German Alexander Zverev in the Miami Open final. S. Stephens won in the Women's singles category. She has defeated J. Ostapenko.
Here is the complete list of Miami Open 2018 Title:
S.No. Category Winner Runner Up
1. Men's Singles John Isner (USA) Alexander Zverev (Germany)
2. Women's Singles Sloane Stephens (USA) Jelena Ostapenko (Latvia)
3. Men's Doubles  Mike Bryan (USA)Bob Bryan (USA) Karen Khachanov (Russia)Andrey Rublev (Russia)
4. Women's Doubles CoCo Vandeweghe (USA)Ashleigh Barty (Australia) Barbora Krejcikova (Czech Republic)Katerina Siniakova (Czech Republic)
      Source- BBC

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