1.    Naidu to be sworn as Seemandhra CM
i. The
Telugu Desam Party chief N Chandrababu Naidu is expected to assume office as
Chief Minister of Seemandhra (Andhra Pradesh) on June 8 near Vijayawada.
ii. Prime Minister
Narendra Modi has been invited by Naidu for the event slated to be a gala fair
spread over a 70-acre site between Vijayawada and Guntur, where he is also
considering developing a new capital for the new state.

iii. Naidu is also
expected to take major decisions immediately after being sworn in as the Chief
Minister. Among important decisions which are likely to be taken, the loan
waiver for the farm sector and also DWACRA women self-help groups is top on his
2.    Telangana’s new logo ready
i. The
logo of Telangana, India’s 29th State to formally come into existence from June
2, is all ready.
ii. It is designed by the 50-year-old,
native artist Laxman Aelay, who captures the essence of India, Telangana
culture and Hyderabadi tehzeeb with local ethos in pleasing colours.
iii. At the top of the logo is the Lion
Capitol of Ashoka with the four lions back to back representing the national
spirit. It is perched atop the richly decorated Gateway from the 11-12th
Century Kakatiya dynasty that ruled the Telangana region.
iv. The logo like the birth of the State
itself triggered a bit of controversy, with the MIM demanding the Charminar to
be part of it and the BJP opposing it. The new logo will be unveiled on June 2,
when KCR is sworn in.
v. Laxman has made a mark with his work
which brings out the life of rural people of Telangana in incisive figurative
style. A graduate in fine arts from JNTU, he has worked in the film industry,
illustrated books, organised solo shows in the best of art galleries across the
country and abroad.
3.    Vishwanath Tripathi received Vyas Samman 2013
i. Vishwanath Tripathi,
eminent Hindi writer on 29 May 2014 was awarded with the prestigious Vyas
Samman for the year 2013.
ii. The literary prize
carries a citation and a cash amount of 2.5 lakh rupees and memento. He
received the award for his work Vyomkesh Darvesh at 23rd edition of the annual
About the Vyas Samman

The award was
instituted in 1991 by the K K Birla Foundation. It is presented for an
outstanding literary work in Hindi published during the last 10 years. 

ii. Ram Vilas
Sharma was the first person to receive the award for his Bharat ke Pracheen
bhasha parivar aur Hindi in 1991.

iii. Narendra Kohli
received for his novel Na Bhooto Na Bhavishyati in 2012 and Ramdarash Misra for
his collection of poems Aam K Patte in 2011.
4.    Hiroshi Naka appointed as Vice President and Auditor
General of World Bank
i. Japanese national, Hiroshi Naka was
appointed as the Vice President and Auditor General of World Bank. The
appointment was announced by the World Bank President Jim Yong Kim. He will
take the charge as the Vice President in July 2014.
ii. He will be responsible for providing leadership on
evaluating and improving the effectiveness of the bank’s risk management,
control and governance processes.
iii. Naka has worked for
more than 25 years with the Japanese Ministry of Finance and multilateral
organisations. He is specialised in issues such as economic sanctions,
anti-money laundering and supervision of financial institutions.
World Bank
gives $1,006 mn loan for Sarva Shiksha Abhiyan
i. World Bank has signed an agreement with the government to provide a loan
assistance of USD 1,006.20 million for Sarva Shiksha Abhiyan III, which is the
largest ongoing “Education for All” programme in the world.
ii. “The loan agreement for World Bank (IDA) assistance of USD 1,006.20
million for Sarva Shiksha Abhiyan III has been signed between the government of
India and the World Bank here today,” an official statement said.
iii. The agreement was signed by Nilaya Mitash, Joint Secretary, Department
of Economic Affairs and Michael Haney, World Bank’s Operation’s Advisor in
iv. Sarva Shiksha Abhiyan is the flagship programme for universalising
elementary education.
v. The overall goals of the programme include universal access and
retention, reducing gender and social category gaps in elementary education and
enhancement of learning levels of children.
vi. The World Bank assistance to Sarva Siksha Abhiyaan-III will primarily
focus on qualitative improvement in the learning process of the children, said
vii. In association with the World Bank, the objective of the project is to
improve education outcomes of elementary school children in the country.          
viii. The project would be implemented in three years. Ministry of Human
Resource Development is the programme implementing agency.
6.    Indologist and Sanskrit Scholar Sukumari Bhattacharji
i. Indologist and
Sanskrit scholar Sukumari Bhattacharji who had equal grasp over English and
Sanskrit language died on 24 May 2014. She was 92. 

ii. Born
on 12 July 1921, she began her career as a lecturer in English at Lady
Brabourne College in Kolkata. She joined Jadavpur University’s Comparative
Literature department and later shifted to the Sanskrit department.
iii. She wrote some 34 books
such as The Gita — Its Why and How, Human & Society in Ancient India,
Fatalism in Ancient India
7.    Raghav Bahl exits Network18
i. Network18 founder-promoter Raghav Bahl and his
wife Ritu Kapur have exited their shareholding in Network18 and TV18.
ii. Mr. Bahl ended his
role as an entrepreneur in the media companies as 
Mukesh Ambani’s Reliance
Industries has taken control of them.
8 Indian soldiers among 106 peacekeepers honoured by UN
i. The United Nations honoured 106 peacekeepers,
including eight Indian soldiers, who lost their lives in peacekeeping
ii. The International
Day of UN Peacekeepers was commemorated in United Nations on Thursday with UN
Secretary General Ban Ki-moon laying a wreath at a newly-created memorial for
the peacekeepers. 

iii. The
ceremony was attended by India’s Permanent Representative to the UN Ambassador
Asoke Kumar Mukerji and other envoys and military attaches of member states.

iv. Ban
then presided over a solemn ceremony where the prestigious Dag Hammarskjold
Medal, named after the second UN chief, was posthumously awarded to the 106
fallen peacekeepers for their courage and sacrifice in the line of duty. 

v. Mukerji
accepted the medal on behalf of the eight Indian soldiers who lost their lives
while stationed at UN missions. 
to raise FDI in Defence to 100%
i. The government has proposed to raise Foreign Direct
Investment (FDI) in defence sector to 100 per cent.
ii. According to sources, the Commerce and
Industry Ministry has circulated a Cabinet note for inter-ministerial
iii. The proposal to raise FDI cap from 26
to 100 per cent is aimed at giving a boost to manufacuring activities. However,
portfolio investors including Foreign Institutional Investors will be allowed
to invest only upto 49 per cent.

iv. A foreign company can even take
over a domestic firm if it brings in state-of-the-art technology. India opened
up defence equipment industry to private sector in early 2001 but had
restricted foreign participation to 26 per cent.
10.  Mercedes driver Nico Rosberg of Germany won Monaco
Grand Prix of Formula One
i. Mercedes
driver Nico Rosberg of Germany on 25 May 2014 won Monaco Grand Prix of Formula
One.  This was his second victory of the season and fifth of his career.  
ii. The Mercedes, with
this win, finished at first and second position for the fifth straight time and
has swept all six races this season.
iii. Rosberg finished 9.2
seconds ahead of Mercedes driver Lewis Hamilton of Britain who came
second.  The third place was taken by Red Bull driver Daniel Ricciardo of
Australia. Ferrari’s Fernando Alonso of Spain finished at fourth.