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News in Short

News in Short - 12-April-2019

Book: Selected speeches of Dr. Bhimrao Ambedkar in Constituent Assembly

Date: 12 April 2019 Tags: Books & Authors
  • ‘Selected speeches of Dr. Bhimrao Ambedkar in the Constituent Assembly’ booklet was released by Prasar Bharati Chairman, A Surya Prakash.
  • It was released to mark 128th birth anniversary of Dr B R Ambedkar (April 14), at an event in New Delhi.
  • Babasaheb Ambedkar was Indian jurist, economist, politician, social reformer and the architect of the Constitution of India.
  • He was also first law minister of Independent India. He is known for the upliftment of underprivileged in the country.

12 April: World Aviation and Cosmonautics Day

Date: 12 April 2019 Tags: Days & Dates
  • The World Aviation and Cosmonautics Day is observed every year on 12th April to mark first ever flight of human in space.
  • On this in 1961, Soviet cosmonaut Yuri Gagarin carried out famous flight in spacecraft Vostok 1 started from Baikonur Cosmodrome.
  • This day was designated at 61st General Conference of the Federation Aeronautique Internationale (FAI) or World Air sports Federation in November 1968.
  • Besides this day, numerous countries also organize Yuri’s Night every year on April 12 to mark this historic moment. It aims promote public interest in space exploration.
  • The first Yuri’s Night was celebrated on 40th anniversary of first manned flight into space in 2001.

SEBI approves Airport Specific Fund for the first time

Date: 12 April 2019 Tags: Services
  • SEBI (Securities and Exchange Board of India) for first time has approved an “airport’ specific fund“, titled “Taking off to the future airport fund”, Under “Category II Alternate Investment Fund” (AIF).
  • It can raise capital up to 1.5$bn (Rs. 10,000 crore). A minimum capital contribution of Rs. 3500 crore and a maximum of Rs. 7000 crore is targeted by fund.
  • The Sponsor and Investment Manager of fund is Chennai based and is termed as ‘Taking Off To The Future Investment Management LLP’.
  • Gigi George will lead management and operation of ‘Sponsor/Investment Manager’.
  • India is third largest aviation market in world.