Current Affairs India - 21 May 2014

1. Gujarat Revenue Minister Anandiben Patel was elected leader of the BJP Legislature Party Leader today. She will be the next Chief Minister of Gujarat and will succeed PM-designate Narendra Modi. Before that, she was the minister of Revenue and Urban Development in the Modi government. She will be the first woman chief minister of Gujarat.


Narendra Modi resigned today as the Chief Minister of Gujarat as he was elected as the new Prime Minister of India yesterday. Modi will take oath as the prime minister on 26 May.†He was the longest serving Chief Minister of Gujarat who has been at the helm for 14 years.


2. Naveen Patnaik was sworn in as Chief Minister for fourth consecutive term today after BJD-s landslide victory in the Odisha Assembly elections held along with Lok sabha election.


Patnaik and 21 ministers were administered the oath of office and secrecy by Governor S C Jamir at the Raj Bhavan.


3. Aam Aadmi Party leader and former Delhi Chief Minister Arvind Kejriwal was arrested and sent to Tihar Jail today by a Delhi court after he refused to furnish bail bond in a criminal defamation complaint filed against him by BJP leader and former President of BJP Nitin Gadkari. He will be in Jail till Friday.


Gadkari had alleged that he was defamed by Kejriwal who had included his name in AAP's list of India's most corrupt. Delhi Court ordered to take him into custody after he refused to furnish a personal bail bond of 10,000 rupees and a surety of same amount.


4. Narendra Kumar Verma has been elected as the new Managing Director of ONGC Videsh Ltd, India-s flagship overseas oil and gas assets acquisition firm. He is currently Director for Exploration in OVL-s parent company, ONGC.


The post fell vacant after Dinesh K Sarraf was elevated as Chairman and Managing Director of ONGC. OVL has interests in 33 oil and gas assets in 17 countries and contributes to 12% and 7% of India-s oil and natural gas production, respectively. In terms of reserves and production, OVL is the secondólargest petroleum company of India, next only to parent ONGC.


5. India-s largest online retailer, Flipkart.com, has acquired fashion e-retailer Myntra.com for approximately USD 300 million. This is widely seen as consolidation phase of India-s e-commerce market after aggressive push by global e-commerce giant Amazon. However, it is not yet clear whether Flipkart will acquire only the Myntra brand or its overall operations.


Competition in India-s e-commerce industry has intensified recently following entry of Amazon last year. This acquisition will help Flipkart to increase its presence in online market of apparel and fashion accessories.


6. Low-cost carrier IndiGo retained the top position in the domestic passenger aviation market in April after securing 31.6% market share. The airline also carried 11% more passengers in April at 16.8 lakh compared to 15.1 lakh in the same month last year.


Indigo is followed by Jet Airways with 21.8% market share (including JetLite), Air India with 18.3% market share and Spice Jet with 17.9% market share.


7. Two-time champions Churchill Brothers were thrown out of the I-League along with three other teams for failing to fulfill the AIFF's club licensing criteria. The All India Football Federation's Club Licensing Committee took the decision after its meeting today.


Two Kolkata clubs -- United SC and Mohammedan Sporting -- and Rangdajied United of Shillong were the other three teams which failed to clear the licensing criteria. All the four clubs will be out of the I-League for at least a year. Under the AIFF's Club Licensing Regulations, the clubs are expected to meet several legal, administrative, sporting, infrastructure and financial criteria.