Current Affairs India - 4 March 2013

1. Neiphiu Rio of Naga People-s Front (NPF) will be sworn in as the Chief Minister of Nagaland for the third consecutive term tomorrow at the Raj Bhavan. The Naga People-s Front (NPF)-led DAN, having 40 elected members, along with the support of seven Independents, had staked claim to form the government yesterday. Rio is the only leader to have led the regional party to victory in the Assembly elections for the third time in the 50-year history of Nagaland.

2. Mukul Sangma of Congress Party is all set to become chief minister for a second straight term and will be sworn as the 23rd Chief Minister of Meghalaya tomorrow. He won the largest victory ever in Meghalaya after winning in 29 seats in an assembly of total 60 seats.

3. Manik Sarkar of CPM Party will be swoen in as the as the Chief Minister of Tripura for the record 5th Consecutive time after winning the assembly election by landslide victory. He is the poorest chief minister in India and is very famous for his clean image.

4. Global credit rating agency Moody-s has welcomed India-s budget for the next fiscal year and said that it offers a "realistic" plan to meet the country's fiscal deficit target, and should be a credit positive for its sovereign ratings. It has also said that India's fiscal consolidation plans could pave the way for monetary easing, thus helping revive economic growth. This is definitely as good news for Indian Government after Fitch and S&P criticism of the budget and warning of possible credit rating downgrade.

5. Services team won the final of the 67th Santosh Trophy at the Jawaharlal Nehru Stadium in Kochi yesterday by beating Kerala 4-3 on penalties in a closely fought match. It went into penalties after the match stood goal-less after the normal and extra time. This is the third Santosh Trophy title won the Services Team.