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29 May 2014

Current Affairs: May 22, 2014

Anandiben Patel: First woman CM of Gujarat

Anandiben Patel (73) will succeed PM-designate Narendra Modi as the Chief Minister of Gujarat. Prior to her election as CM, she was state’s revenue minister.  Modi was the longest-serving chief minister of the state.  Anandiben Patel is the first woman chief minister of Gujarat.
Anadiben Patel:
Born: November 21, 1941
Political Party: Bhartiya Janata Party (BJP)
Career Profile: Former school teacher, a gold-medalist in MSc and also a winner of the President’s Medal. She held important portfolios of urban development, revenue and disaster management and was earlier in charge ofeducation ministry, steering successfully some of the key Modi projects, including the one for boosting female literacy.

All banks need to install ‘talking ATMs” from July 1, 2014: RBI

As per the directions of the Reserve Bank of India (RBI), all banks will be required to make all new ATMs installed from July 1, 2014 as “talking ATMs” with Braille keypads.
As per RBI’s guidelines to all banks:
  • All new ATM’s installed from July 1, 2014 should be “talking ATMs” with Braille keypads.
  • Banks should lay down a roadmap for converting all existing ATMs as talking ATMs with Braille keypads. The same may be reviewed from periodically by the Customer Service Committee of the Board.
  • Banks should provide magnifying glasses in all bank branches for the use of persons with low vision, whenever they need for performingbanking transactions with ease. A notice about the availability of magnifying glasses and other facilities available for persons with disabilities should be displayed at a prominent place.

Flipkart acquires Myntra

India’s largest online retailer, Flipkart.com, acquired fashion e-retailer Myntra.com. While the exact size of the deal could not be ascertained, some reports estimate it to be of Rs 1,800-2,000 crore
The deal is expected to consolidate Rs 62,000-crore e-commerce market of India. The acquisition by Flipkart reflects the company’s intention to tap into the online sales of apparel and fashion accessories where it has had limited. Apparel and fashion domain is the largest shopping categories in the online retail space.
As per experts, by 2019, the electronics and fashion domain will account for 30% of the sales in the online e-commerce space.

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