22 MAY 2014

Ø  AAP leader Arvind Kejriwal was sent to Tihar jail after he refused to furnish a bail bond in a defamation case filed by BJP leader Nitin Gadkari.

Ø  The Reserve Bank of India (RBI) on Wednesday allowed star trading houses (STH) and premier trading houses (PTH) to import gold under the 20:80 scheme. Importers can buy gold provided a fifth of the imported quantum is exported as finished products like jewellery.

Ø  Prime Minister-designate Narendra Modi has invited the heads of governments of all South Asian countries to attend his swearing-in, a gesture that diplomats and experts said was without precedent.

Ø  Former diplomat Gopalkrishna Gandhi resigned from chairmanships of the Indian Institute of Advanced Study (IIAS) here and the Kalakshetra Foundation in Chennai, maintaining that his decision was in keeping with the convention followed during a change in government. Mr. Gandhi was a frequent participant at IIAS seminars and chaired its governing body for more than two years. Under his leadership, the IIAS set up a Tagore Chair and a South Asian Countries Regional Centre.

Ø  Following an emphatic victory in the Assembly polls, Biju Janata Dal president Naveen Patnaik was sworn in as Chief Minister of Odisha. He is the first leader in the State to become Chief Minister four times in a row.

Ø  Shah Rukh Khan is the lone Indian celebrity to have made it to the top-ten wealthiest actors, beating Tom Cruise and Johnny Depp. The 48-year-old actor, who is the owner of an IPL team and has acted in more than 50 Bollywood films, has an estimated fortune of $600 million.

Ø  Narendra Kumar Verma was on selected to head ONGC Videsh Ltd. (OVL).