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Daily Current Affairs
(6th October 2013)
Sebi board approved the new Sebi (Foreign Portfolio Investors) Regulations, 2013
Securities and Exchange Board of India (SEBI) announced a new Foreign Portfolio Investor (FPI)
regulations to put in place easier registration process and operating framework for such entities. Under
the new norms, all existing FIIs (Foreign Institutional Investors), Sub Accounts and Qualified Foreign
Investors (QFIs) will be eventually merged into this new investor class to be known as FPIs. SEBI also
approved setting up 'Designated Depository Participants (DDPs)', which would register FPIs on behalf of
the market regulator subject to compliance with KYC norms and which would be divided in three
categories as per their risk profile. Category I FPIs (Foreign governments and government related foreign
investors), Category II FPIs (Appropriately regulated, university funds, university related endowments,
pension funds etc) & Category III FPIs (all others not eligible under the first two categories).
PM's of India and Bangladesh jointly inaugurate Grid Interconnection between two countries
Prime Minister Dr Manmohan Singh and his Bangladesh counterpart Sheikh Hasina jointly inaugurated
the India-Bangladesh Grid Inter-connection at Bheramara in Bangladesh. The transmission line in High
Voltage Direct Current (HVDC) in Bheramara would provide a safe and reliable interconnection of power
grids of the two countries to enable the supply of 500 megawatt of power from India to Bangladesh.
Both the Prime Ministers also jointly laid the foundation stone for 1320 megawatt Maitri Thermal Power
Project, being developed by Bangladesh-India friendship Power Company which is a joint venture of
India's NTPC and Bangladesh Power Development Board.
RBI constitutes committee to scrutinize applications for new banking licences
RBI has been constituted a committee to scrutinize the applications for new banking licences. The
committee would be headed by Former RBI Governor Bimal Jalan, while former Deputy Governor Usha
Thorat, SEBI’s first Chairman Chandu Bhave and RBI Board Member Nachiket Mor would be its
members. The committee would be able to submit its report by January 2014. RBI has so far received 26
applications for new banking licences.
Rohan Bopanna-Edouard Roger Vasselin won Japan Open 2013
India’s lawn tennis player Rohan Bopanna with French partner Edouard Roger-Vasselin won the Rakuten
Japan Open tennis championship (Men's Doubles) on 6th October 2013 in Tokyo, Japan.
Sania Mirza-Cara Black won China Open 2013
Sania Mirza won the China Open tennis championship trophy (women’s Doubles) with Cara Black of
Zimbabwe on 5th October 2013 in Beijing, China. It is fifth title of the season for Sania Mirza and 19th
overall.
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Union Cabinet Approved National Policy on Universal Electronic Accessibility
The Union Cabinet approved the National Policy on Universal Electronic Accessibility that recognizes the
need to eliminate discrimination on the basis of disabilities as well as to facilitate equal access to
electronics and Information and Communication Technologies (ICTs). The National Policy on Universal
Electronic Accessibility has been created on the backdrop of India ratifying the United Nations
Convention on the Rights of the Persons with Disabilities (UNCRPD) in 2007.
BAI Panel Recommended Life Ban for Badminton Player Jwala Gutta
The Disciplinary Committee of the Badminton Association of India (BAI) recommended a life-ban on
Jwala Gutta for her role in delaying the Indian Badminton League (IBL) fixture between Delhi Smashers
and Banga Beats in Bangalore on 25th August 2013.
'India 11th most favoured for setting up MNC headquarters'
According to an analysis by McKinsey Global Institute, as many as 158 global large companies have their
headquarters in India with a combined revenue of $898 billion. India was ranked 11th in the list followed
by South Africa, Switzerland, Taiwan and Brazil. The US topped the chart with 2,123 large firms having
their headquarters in the country with a combined revenue of $15,221 billion, followed by Japan (1,028
firms, $7,347 billion), China (577, $5,449 billion), Germany (462,$3,788 billion) and United Kingdom
(358, $2,818 billion), constituting the top five.
Pune Gets India’s First All-women sharia court
India’s first sharia court conducted solely by women with an aim to redress grievances of Muslim
women has started functioning in Pune, set up by Bharatiya Muslim Mahila Andolan (BMMA). The court
will be functioning to mete out justice to women in Muslim community in tune of with the tenets of the
Quran which confers equal rights to both men and women.
Model Current Affairs MCQ:
1. Securities and Exchange Board of India (SEBI) announced new regulations, under this all existing FIIs
(Foreign Institutional Investors), Sub Accounts and Qualified Foreign Investors (QFIs) merged into a
new investor class known as
1. Foreign Direct Investment (FDI)
2. Foreign Portfolio Investor (FPI)
3. Foreign Indirect Investment
4. Foreign Investors Institution
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2. SEBI setup a committee to Simplifying the Foreign Portfolio Investment Regime and The Committee
submitted its report recently, which was headed by?
1. A. K.M Chandrasekhar
2. C. Rangarajan
3. Aravind Mayaram
4. Jayati Ghosh
3. Who heads a committee set up by Ministry of Finance to define foreign direct investment (FDI) and
foreign institutional investment (FIIs) and removes the ambiguity between them?
1. Jayati Ghosh
2. Aravind Mayaram
3. A. K.M Chandrasekhar
4. C. Rangarajan
4. According to a report released by McKinsey Global Institute, nearly half of the Fortune global 500
companies are likely to be based in developing countries including India by
1. 2020
2. 2025
3. 2030
4. 2035
5. RBI constitutes a committee to scrutinize applications for new banking licences, which would be
headed by
1. Bimal Jalan
2. Usha Thorat
3. Chandu Bhave
4. Nachiket Mor
6. Prime Minister of India laid a foundation stone for 1320 megawatt thermal power project named
‘Maitri Thermal Power Project’, being developed by India and
1. Nepal
2. Bangladesh
3. Bhutan
4. Myanmar
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7. Which of the following cities get India’s first sharia court conducted solely by women with an aim to
redress grievances of Muslim women?
1. Mumbai
2. New Delhi
3. Pune
4. Chennai
8. Disciplinary Committee of Badminton Association of India (BAI) recommended a life-ban
on__________ for her role in delaying the Indian Badminton League fixture between Delhi Smashers
and Banga Beats in Bangalore on August 25.
1. Saina Nehwal
2. Jwala Gutta
3. Ashwini Ponnappa
4. P.V. Sindhu
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