1) Kempe Gowda: Nadaprabhu Kempegowda, a 16th century chieftain of the Vijayanagara empire, is credited as the founder of Bengaluru.
- A 108-feet tall bronze statue of Kempegowda, also called the “Statue of Prosperity” is being unveiled in Bangalore.
- He is also known to have developed around 1,000 lakes in the city to cater to drinking and agricultural needs.
- He was from the dominant agricultural Vokkaliga community in south Karnataka.
- One of his social reforms was to prohibit the custom of amputating the last two fingers of the left hand of the unmarried women during “Bandi Devaru”, an important custom of Morasu Vokkaligas.
2) The sword of Shivaji: The Maharashtra government announced that it is working to bring back the sword of Chhatrapati Shivaji Maharaj from London to India.
- The jagdamba was given to Edward, the Prince of Wales (the later King Edward VII), by Shivaji IV in 1875-76.
- The “Bhavani” sword, now in Satara, was also used by Chhatrapati Shivaji Maharaj, who had at least three swords. But this sword is different from the one in London, which is called “Jagdamba.
3) Walong Mela: Indian Army recently organised Walong Mela in continuation of Diamond Jubilee celebrations of Battle of Walong.
- It aims to commemorate the unsurpassable bravery & sacrifice of the Indian Army while defending the Indian Territory against the Chinese aggression of 1962.
- Walong is one of India’s easternmost villages in Arunachal Pradesh.
- In the 1962 India-China War, the Indian Army defended against China in all sectors except one — Arunachal Pradesh’s Walong.
- The Battle of Walong was the only counterattack India could manage in the war.
4) Compulsorily Convertible Preference Shares (CCPS): they are a key element of startup financing.
- It gives the assurance of a fixed rate of return plus the opportunity for capital appreciation.
- These shares carry certain terms—if an early investor has CCPS, he can have more rights than other investors who come in later at a higher valuation.
- It also helps investors maintain their stake and have a say even if their stake gets diluted later. However, these shares get converted to ordinary equity shares after 10-15 years.
- That is more than sufficient time for most startups to give their investors an exit.
5) Mahua: The flowers of Mahua tree (Madhuca longifolia) are fermented to produce an alcoholic drink also called Mahua.
- Tribal men and women of West Bengal, Odisha, Chhattisgarh, Jharkhand, Bihar, in parts of northern and central India, in Maharashtra, Gujarat, Telangana, Tamil Nadu and Kerala etc produce this. Mahua is considered holy amongst the tribes of India.
- It is called the ‘Tree of Life’. Not just the flower, each and every part of the tree is used for something or the other.