A) APPOINTMENTS KV Kamath Appointed as First President of NDB of BRICS nations Eminent banker Kundapur Vaman Kamath was on 11 May 2015 appointed as the first President of the New Development Bank (NDB) of BRICS nations. He will have of five year term after the bank becomes operational within one year. He was conferred with Padma Bhushan Award in 2008. The Leaders of Brazil, Russia, India, China and South Africa (BRICS) had meeting in 2014 and reached an agreement to establish the New Development Bank, with its headquarters in Shanghai. As per the agreement, India got the right to nominate the first president. Four New Governors Appointed President of India Pranab Mukherjii on 12 May 2015 appointed four Governors and transferred two others. Following are newly appointed Governors :- 1) Jharkhand – Draupadi Murmu 2) Tripura – Tathagata Roy 3) Arunachal Pradesh – J P Rakkhowa 4) Meghalaya – V Shanmuganathan Transferred Governors :- * Syed Ahmed, Governor of Jharkhand was shifted to Manipur. He was appointed in September 2011. His tenure will end in September 2016. * Lt General (retd.) Nirbhay Sharma, who was serving as Governor of Arunachal Pradesh since May, 2011, was transferred and appointed as Governor of Mizoram for the remainder of his term, which ends in 2018. He is the eighth Governor of the state since 2014. B)RESIGNS Tamil Nadu Chief Minister Panneerselvam Resigned Chief Minister of Tamil Nadu O Panneerselvam resigned on 22 May 2015. He was appointed as the Chief Minister of Tamil Nadu on 29 September 2014 as replacement of former AIADMK chief J Jayalalithaa, who resigned after being convicted in the 18 year old disproportionate assets case of over 66 crore rupees. She was awarded a four year prison term by Bangalore Special Court after it found her guilty of amassing unaccounted wealth. C)DEATHS Oscar Winning Author Michael Blake Died Michael Blake, the Oscar-winning writer of Dances With Wolves novel passed away on 3 May in Tucson, Arizona. He was 69. The novel had sold over 3.5 million copies, and was translated into 15 languages, and was later converted into film, which Kevin Costner directed and starred in. The film bagged 7 Oscars including Best Picture and Best Screenplay for Blake, who also won the WGA Award and Golden Globes for the novel. D)VISITORS Prime Minister Narendra Modi Visited China Prime Minister Narendra Modi visited China from 14 – 16 May 2015. During his three day visit, he met Chinese President Xi Jinping in Xian. In the visit, India and China signed 24 agreements to augment bilateral co-operation between the two countries. 24 agreements worth over 10 billion dollars were signed after Prime Minister Narendra Modi held talks with Chinese premier Li Keqiang at Beijing. In the visit, Narendra Modi announced electronic or e-visas for Chinese tourists. As many as 26 business agreements worth over USD 22 billion were signed on 16 May between Indian firms — including Adani group, Bharti Airtel and Welspun — and thier Chinese counterparts. Both the countries will also establish Additional Consulate General. Both the countries have also agreed to establish China-India think tank forum and three sister cities. E)MISCELLANEOUS Pablo Picasso’s ‘Women of Algiers’ Sells For World Record $179m at Auction A painting by surreal Spanish artist Pablo Picasso has set a new world record for the most expensive artwork to be sold at auction after reaching $179m (£115m) in New York on 12 May.The previous world record was £92m, set for a triptych by British artist Francis Bacon – again at Christie’s in 2013.Picasso’s painting depicts nude and semi-nude women and is part of a 15-work series the artist created between 1954-55.