Page 6 - Digi Note : 23rd-28th November (General Awareness)

 Vivekananda statue in Kuala Lumpur(The Hindu)

 Prime Minister Narendra Modi unveiled a 12-ft bronze statue of

 Swami Vivekananda here in Malaysia, saying the sage is neither the
name of a man nor identity of a system but personifies 1,000-year-old

Indian culture.

 Foreign inflow boost for alternative investment

funds(Business Standard)

 Reserve Bank of India (RBI) to allow foreign investment into

alternative investment funds (AIFs) through the automatic route is
likely to boost inflows.

 Earlier every foreign investment proposal in AIFs had to be cleared

by FIPB. In some cases, foreign investments would suffer due to the
limits being hit.

 alternative investment funds ( AIFs) - It refers to any privately pooled
investment fund, in the form of a trust or a company or a body

corporate or a Limited Liability Partnership which are not presently
covered by any Regulation of SEBI governing fund management nor

coming under the direct regulation of any other regulators in India-
IRDA,PFRDA, RBI.

 Hence, in India, AIFs are private funds which are otherwise not coming
under the jurisdiction of any regulatory agency in India.