1.    Sushma Swaraj became the first woman External Affair
i. Sushma Swaraj became
the first woman External Affairs Minister on 26 May 2014. She was also been
given the charge of Overseas Indian Affairs.

i. She became the
first woman Chief Minister of Delhi in October 1998

ii. She
became the first woman spokesperson for any political party in India

iii. Apart
from this, she also became the youngest cabinet minister in Haryana government
at the age of 25 in 1977. 
2.    Next round of Iran nuclear talks set for June 16-20 in
i. The
next round of international talks over Iran’s nuclear programme has been
scheduled for June 16-20 in Vienna, a spokesman for EU foreign policy Chief
Catherine Ashton said on Tuesday, following informal talks in Istanbul with her
Iranian counterpart.
ii. “(Ms. Ashton) held
very long and useful discussions with Foreign Minister Mr. (Javad) Zarif in
order to inform the negotiations on the Iranian nuclear programme,” Michael
Mann said of Monday’s meeting.
iii. The talks between
Tehran and Ms. Ashton – who is negotiating on behalf of Britain, China, France,
Russia, the United States and Germany – are aimed at placing strict limitations
on Iran’s nuclear programme, in return for ending sanctions against the Islamic
iv. The
six powers are concerned that Iran could use enriched uranium or plutonium to
make nuclear weapons. Iranian leaders insist they are only interested in
nuclear energy and scientific applications.
3.    RBI tightened acquisition & merger rules for
Non-Banking Financial Companie
i. The Reserve Bank of
India (RBI,) tightened merger rules for non-bank finance companies (NBFCs) to
ensure fit and proper character of the management of NBFC.
ii. The RBI on 26 May
2014 notified the Non-Banking Financial Companies (Approval of Acquisition or
Transfer of Control) Directions, 2014. The directions will come into force with
immediate effect.
iii. The direction
includes the prior written permission of the Reserve Bank of India shall be
required for any takeover or acquisition or control of an NBFC, whether by
acquisition of shares or otherwise.
iv. Besides, any merger
or amalgamation of an NBFC with another entity or any merger or amalgamation of
an entity with an NBFC which will result in acquisition or transfer of
shareholding in excess of 10 percent of the paid up capital of the NBFC will
also need approval of RBI.
4.    Dalia Grybauskaite won the Presidential election of
i. Dalia
Grybauskaite, the Iron Lady of Lithuania, on 25 May 2014 won the Presidential
elections of Lithuania.
ii. As a result she
became the first person to serve as the President of Lithuania for consecutive
second term. She served the first term as President from 2009 to 2014 as the
term of President of Lithuania is five years.
iii. In the second round
of counting of votes, she emerged victorious by winning 58 percent of votes
over her rival Zigmantas Balcytis of Social Democrat who garnered 42 percent
iv. She fought the
Presidential election as an independent candidate and focused her campaign on
national security. She is a former EU Budget Chief
pays homage to Jawaharlal Nehru on his 50th death anniversary today
i. The nation pays homage to the former Prime Minister
Pandit Jawaharlal Nehru on his 50th death anniversary today.
ii. President Pranab Mukherjee, Vice President Mohd Hamid
Ansari, former Prime Minister Dr Manmohan Singh, Congress President Sonia
Gandhi, Congress Vice President Rahul Gandhi and leaders from various political
parties and dignitaries offered floral tributes to Nehru at his Samadhi- Shanti
Vana in the national capital. 

iii. Prime Minister Narendra Modi
also paid tributes to Jawaharlal Nehru on his death anniversary.
6.    China won Uber Cup 2014 of badminton
i. China won Uber Cup
2014 of badminton on 24 May 2014.  China team defeated the Japan team 3-1
in the final held at Siri Fort Complex in New Delhi.  
ii. With this, China won the Uber Cup for
the 13th time and it was China’s eighth title from the last nine editions.
China has reached 16 successive finals.