Current Affairs April 2015

Apurvi Chandela wins Bronze in ISSF Rifle and Pistol World Cup

Indian shooter Apurvi Chandela on 11 April 2015 won Bronze medal in the 10-metre air rifle event at the (International Shooting Sport Federation) ISSF Rifle and Pistol World Cup in Changwon, South Korea. 

She won the bronze after she shot score of 185.6 in the qualifying fifth final round.

In this world cup, Pejcic Snjezana of Croatia with score of 209.1 won gold medal and Ivana Maksimovic of Serbia with score of 207.7 won the silver medal.

With this win, Apurvi Chandela has qualified for the 2016 Olympics, which will be held in Rio de Janeiro, Brazil. She was placed at third position in the list of eight-strong competitors. Among these eight competitors six were qualified for the Olympics.

It should be noted that Apurvi Chandela is the second Indian marksman after pistol shooter Jitu Rai to qualify for the Rio Olympics.

Jitu Rai after winning won silver in the 50m Free Pistol event in 2014 at the World Championships in Granada, Spain had qualified for the 2016 Olympics.

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India’s first IFSC becomes operational at GIFT City in Gujarat

India’s first International Financial Services Centre (IFSC) became operational at Gujarat International Finance Tec (GIFT) City in Gandhinagar district of Gujarat.

It became operational after Union Finance Minister Arun Jaitley unveiled the rules and regulations for this global financial hub.

Key facts of IFSC rules and regulations

  • Aim at creating a vibrant IFSC on the lines of those in Dubai and Singapore.
  • They also seek to check the flight of trading in rupee and Indian securities to such offshore financial hubs.
  • These rules will allow companies incorporate outside India to raise money in foreign currencies by issuance and listing of their equity shares on stock exchanges within the IFSC.
  • They will also allow individual and institutional investors from India and abroad, including NRIs to trade.
  • Allows foreign and Indian stock exchanges to set up separate bourses within IFSC as subsidiaries.
  • Relaxes capital and other requirements for some time in order to facilitate exchanges, clearing corporations and depositories to set shop in the IFSC.
  • Allows alternative investment funds and mutual funds that have set up in the IFSC to invest in the securities listed there.

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