1.    IPL spot fixing charges: Delhi Police arrests Sreesanth and 2 other cricketers
i. In a sensational development, Indian paceman S Sreesanth and two of his Rajasthan Royals teammates Ajit Chandila and Ankeet Chavan were arrested by the Delhi police on charges of spot fixing in the ongoing Indian Premier League. 
ii. The special cell of the Delhi police arrested Sreesanth from his friend's place in Mumbai while the other two cricketers were arrested last night from the team hotel at Nariman Point for their alleged role in spot fixing.
iii. The arrest took place immediately after the players returned to their team hotel, following their match against Mumbai Indians at Wankhede stadium. 
iv. The Delhi police source said that these players were under the scanner for their role in spot fixing in some of the earlier IPL matches although they did not elaborate which matches were under scrutiny.
v. The police have also arrested seven bookies in Mumbai and three bookies in Delhi in connection with the same case. They are looking for two more bookies in Delhi.
vi. The BCCI has suspended the three players charged with spot-fixing in the IPL, pending inquiry.
vii. Sports Minister Jitendra Singh pledged that strict action be taken against all those found guilty of spot fixing in IPL cricket tournament. 

NOTE: i. There was an agreement between bookies [bookmakers] and players that in a certain over they would give away minimum amount of runs. The bookies also gave them directions that they have to indicate that they are ready to give away those many runs.
ii. "The indications that players had to give bookies included rotating their watches, putting towels in their pants, taking out locket from shirt, taking out shirt and vest that you're wearing, make signs with jersey."

Spot Fixing
i. Spot Fixing is an illegal activity in a sport, in which any part of the game may be an over or a ball is fixed between the player and the bookies.
ii. Under this, the player agrees to play in accordance to the agreement made before the game with the bookies, so that they can bet upon the same. Although betting on any sport is illegal in India.

2.    UN award for MP cottage & village industry dept
i. The Madhya Pradesh Government’s Cottage and Village Industry Department has bagged United Nations Public Service Award for year 2013.
ii. United Nations honours outstanding public welfare works at international level under various categories every year.
iii. United Nations Public Service Award is being given to state’s Cottage and Village Industry Department for novel initiative of rural haats. 
iv. The state government has handed over management of rural haats to women’s self-help groups with a view to strengthen them. This move has produced good results.
v. The women self help groups have become more self-reliant economically and participation of women in social decisions has been ensured.

3.    RBI to issue inflation-linked bonds to attract household savings
i. The Reserve Bank of India, RBI has announced that it will launch inflation-linked bonds every month to attract household savings of up to 15,000 crore rupees this fiscal so as to discourage investments in gold. 
ii. The central bank said, in consultation with Government of India, RBI has decided to launch Inflation Indexed Bonds, IIBs
iii. he first tranche of the IIBs 2013-14 for 1,000-2,000 crore rupees will be issued on June 4.
iv. The maturity period of these bonds will be 10 years. 
v. The total issue size will be 12,000-15,000 crore rupees in 2013-14.
vi.  After the first tranche, bonds will be issued on last Tuesday of every month.
vi. While the first series of the bonds will be open for all class of investors, the second series issue - beginning October - will be reserved exclusively for retail investors.

4.    Provident fund interest rate raised to 8.5%
i. Finance minister P Chidambaram did not offer much to the salaried class in his budget but his ministry on Wednesday increased the interest rate on provident fund by 0.25%.
ii. The ministry notified interest rate of 8.5% for 2012-13, up from 8.25% the previous financial year. 
iii.  The nominal increase would benefit around  five crore provident fund account holders.
iv. “The notification will be implemented with immediate effect,” said Anil Swarup, central provident fund commissioner, Employees’ Provident Fund Organisation (EPFO). It means that the interest rate would reflect in subscribers’ accounts within a few days.
v. The EPFO had in February asked the finance ministry to notify 8.5% interest rate for 2012-13. Normally, new rates are notified before the end of a financial year but in the last few years, there has been a delay in notification.

5.    Union Government of India decided to launch DBTL Scheme
i. Government of India decided to launch Direct Benefit Transfer for LPG (DBTL) scheme in 20 high Aadhaar coverage districts from 1 June 2013.
ii. The scheme aims to curb leakages and prevent black-marketing and provide subsidy to consumers in their bank accounts.

All LPG consumers are advised to immediately do the following to avail of subsidy in their bank accounts
i. Open a bank account with Aadhaar number if they do not have one by going to a bank branch with Aadhaar number.
ii. If they already a bank account then link their Aadhaar number with their bank account by visiting their branch or through a request form available with LPG distributors and deposit it in the drop boxes placed at LPG distributors premises.
iii. Provide Aadhaar numbers to LPG distributors for linking with LPG consumer number.

NOTE: i. For the benefit of LPG consumers, who cannot complete formalities by 1 June 2013, a grace period of three months is being given to complete the formalities.
ii. After this period, all consumers who have not completed the formality will get LPG cylinders at market price, without any subsidy, till they complete the same.

6.    No arrest for posts on social sites without permission: SC
i. The Supreme Court on Thursday said that no person should be arrested for posting objectionable comments on social networking sites without taking prior permission from senior police officials.
ii. The apex court, which refused to pass an order for a blanket ban on the arrest of a person for making objectionable comments on websites, said state governments should ensure strict compliance of the Centre’s January 9 advisory which said that a person should not be arrested without taking permission from senior police officials.
iii. A bench of justices B.S.Chauhan and Dipak Misra said: “We direct the state governments to ensure compliance with the guidelines (issued by Centre) before making any arrest.
iv. It said the court cannot pass an order for banning all arrest in such cases as operation of section 66A (pertaining to objectionable comments) of the Information Technology Act has not been stayed by the apex court which is examining its constitutional validity.
v. In view of public outrage over people being arrested for making comments or liking posts on Facebook, Centre had on January 9 issued advisory to all states and UTs asking them not to arrest a person in such cases without prior approval of a senior police officer.

7.    Lt. Gen. Nirbhay Sharma new Arunachal Governor
i. Retd. Lt. General Nirbhay Sharma has been appointed as the Governor of Arunachal Pradesh. A Rashtrapati Bhavan communique said, the appointment will come into effect from the date of his assuming office.

8.    Uttanur Rajamma, the Bandaya Writer Died
i. Uttanur Rajamma, 70, a veteran Bandaya writer died on 14 May 2013 at his residence in Chintamani in Chickballapur district of Karnataka. 
ii. Uttanur Rajamma belonged to Kolar district of Karna. She advocated for the emancipation of women. From 1970s she is identified for with the Bandaya literary movement

9.    Sanjay Dutt surrenders before TADA court
i. Bollywood actor Sanjay Dutt on Thursday surrendered before the designated TADA court here to serve his three-and-a-half year sentence in the 1993 Mumbai serial bomb blast case.
ii. Accompanied by his wife Manyata and film maker Mahesh Bhatt, the actor arrived at the court sporting a red 'tilak' on his forehead.
iii. As soon as Dutt appeared before the court, formalities began for his surrender.
iv. The court commenced the process for the identification of Dutt, whose conviction was upheld by the Supreme Court recently.
v. Sporting a white kurta and jeans, Dutt waved to the crowd before getting into his car outside Imperial Heights building at Pali Hill in suburban Bandra
vi. While Dutt had told TADA court earlier that he faced threat to his life from fundamental groups, Arthur Road Central Jail authorities received an anonymous letter few days back saying Dutt would be harmed if he was lodged there.
NOTE: i. The Supreme Court in its 21st March verdict awarded five years' imprisonment to the 53-year-old actor for illegal possession of arms. The apex court on 14th May refused to grant him more time to surrender.
ii. On 10th May, the Supreme Court had dismissed Dutt's plea seeking review of its judgement on his conviction and the five-year jail term.

10.  Cyclone Mahasen strikes B'desh coast;
i. The cyclonic storm "Mahasen" has weakened slightly after it began crossing the Bangladesh coast trigerring off strong winds and heavy rain in the coastal districts.
ii. According to the Bangladesh Met Department, Cyclone Mahasen has moved north eastwards and was crossing Noakhali - Chittagong coast near Sitakunda.
iii. t adds that the storm is likely to move further in a North-easterly direction further and is likely to take 3-5 hours to complete crossing the coast.