Telangana is born as 29th state, KCR becomes first CM

1.    Telangana is born as 29th state, KCR becomes first CM

i. Telangana came into existence as the 29th state of India on Monday and TRS supremo K Chandrasekhar Rao (KCR) was sworn in as its first Chief Minister, capping the decades-old struggle in the region for carving out a separate state from Andhra Pradesh. 

ii. 60-year-old KCR took oath as Chief Minister along with his son K T Rama Rao, nephew T Harish Rao and nine others administered by Governor E S L Narasimhan at Raj Bhavan. 

iii. Nine other Cabinet Ministers were sworn in the new state -Mohammed Mahmood Ali, T Rajaiah, Nayani Narasimha Reddy, Eatela Rajender, Pocharam Srinivasa Reddy, T Padma Rao, P Mahender Reddy, Jogu Ramanna and G Jagadish Reddy. 

iv. Earlier, Narasimhan was sworn in as the first Governor of Telangana. 
v. Naidu, who was swept to power in the successor State of Andhra Pradesh, is slated to be sworn in as Chief Minister on June eight at a ceremony to be held between Vijayawada and Guntur. 

2.    Jaitley  appointed on ADB's Board of Governors 

i. Finance Minister Arun Jaitley has been appointed on the Board of Governors of Philippines-based Asian Development Bank (ADB). 

ii. "The Union Finance Minister Arun Jaitley has been appointed as India's Governor on the Board of Governors of the Asian Development Bank with effect from May 27," according to an official statement. 
iii. The position was previously held by former Finance Minister P Chidambaram. The Board of Governors is the ADB's highest policy-making body and has one representative from each member country. 
iv. The Manila-headquartered multi-lateral funding agency, founded in 1966, aims to improve people's lives in Asia and the Pacific. ADB approved USD 21.02 billion in financing in 2013. 

3.    Cabinet Secretary Ajit Seth gets six-month extension 

i. Cabinet Secretary Ajit Seth, who was due for retirement this month, was on Monday given an extension of six months. 

ii. The extension of 62-year-old Seth, a 1974 batch IAS officer of Uttar Pradesh cadre, was cleared by Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. 
iii. The government has approved extension of Seth as Cabinet Secretary for a period of six months with effect from 14th June or till further orders, which ever is earlier, an official notification said. 

4.    Kolkata Knight Riders lift IPL 7 Trophy

i. Kolkata Knight Riders celebrated their second Indian Premier League triumph in grand style following their three-wicket victory over Kings XI Punjab in the final in Bangalore, on Sunday.
ii. This was Kolkata's second IPL triumph, following their victory in the fifth edition in 2012.
iii. They join Chennai Super Kings as the only two teams to have won the IPL twice.

iv. Manish Pandey played an absolute blinder as Kolkata Knight Riders held their nerves to beat a spirited Kings XI Punjab by three wickets in an exhilarting summit clash to win the seventh edition of the Indian Premier League in Bangalore on Sunday.

v. Needing 200 to win, Piyush Chawla hit the most important 13 runs of his life as he pulled Mitchell Johnson for a six off the last delivery of the penultimate over before slashing Parvinder Awana over point to run a victory lap as his delirious teammates joined him.

Brief Score: KXIP 199/4 (20)

KKR: 200/7 (19.3) - KKR won by 3 wickets

Man of the Match: Manish Pandey

Captains of the two teams 
• Kolkata Knight Riders: Gautam Gambhir
• Kings XI Punjab: George Bailey

The previous winners of the IPL are as follows• IPL Season 1: Rajasthan Royals
• IPL Season 2: Deccan Chargers
• IPL Season 3: Chennai Super Kings
• IPL Season 4: Chennai Super Kings
• IPL Season 5: Kolkata Knight Riders
• IPL Season 6: Mumbai Indians