Drone collision into Black sea: Russian defence ministry claims it scrambled jets following detection of US drone . MQ- 9 Reaper drone crashed in Black sea. Russian SU-27 fighter Jet collided with it as per US military . US alleged to Russian Su- 27 aircraft conduct “unsafe unprofessional intercept ” with an unmanned MQ-9 aircraft which was operating in International space on Black sea . Russian authorities claimed that the drone was flying near Russian border . US state department summoned Russian ambassador and lodged protest.
2. Indonesia Nusantara is set to replace Jakarta as Capital . It will become the political centre by 2022 . Nusantara is located in Eastern Borneo- world’s third- largest island . Jakarta is polluted , rapidly sinking into Java Sea and prone to earthquake . Borneo will be sustainable forest city . It will put environment at the heart of development and will be carbon – neutral by 2045 . Environmentalists warn it may lead to massive deforestation and threatens endangered species such has orangutan . Jakarta is rapidly submerging and one third of city may vanish by 2050 . This is due to climate change . Air and ground water are polluted . Forest watch Indonesia , an NGO worries forest area in Nusantara are production forests . Indigenous Balik people will be re located .
3. Venture debt Industry : It is a type of loan given to an early stage company that is provided by banks and non banks lenders . This is provided by specialized banks such has silicon valley bank .Unlike debt financing , venture debt is provided to companies taking higher level of risk and higher returns . It can finance research and development , purchase of equipment and expanding company’s operation . It can provide strategic and operational advice to companies. It will not dilute equity but it comes with higher interest rate and shorter period of repayment .It is also called venture lending. This is a vital source of fund for starting stage of a company. It is different from venture capital.
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