Current Affairs India - 16 October 2015

1. The Supreme Court has permitted voluntary use of Aadhaar cards in welfare schemes including MGNREGA, all pension schemes, Government-s key scheme -Pradhan Mantri Jan Dhan Yojna- along with LPG and PDS schemes. With this the Apex Court has also lifted the earlier restriction on usage of Aadhar card.


The Bench was hearing a batch of requests made by the Centre, the Unique Identification Authority of India (UIDIA), the Reserve Bank of India and various government regulators for securities, insurance, telecom and pension.


2. The Supreme Courtdeclared the National Judicial Appointments Commission(NJAC) Act, 2014 and99th Constitutional Amendment Act, 2014 has unconstitutional and void which was passed by the Parliament. The act was passed to replace the 2-decade old collegium system of judges appointing judges in higher judiciary. The Supreme Court bench has held that the Collegium system will remain operative which was established by its ruling in 1993.


3. India-s DRDO Missile Complex in Hyderabad was renamed as Dr APJ Abdul Kalam Missile Complex by Defence Minister Manohar Parrikar during an event at Research Centre Imarat on the occasion of the 84th Birth Anniversary of Dr Kalam, the Missile Man. Dr Kalam joined the Missile Complex, DRDO in 1982 and worked there for nearly two decades.


The Missile Complex comprises Advanced Systems Laboratory (ASL), Defence Research and Development Laboratory (DRDL) and Research Centre Imarat (RCI), which are considered to be the brain child of Dr Kalam.


4. The Association for Mutual Funds in India (AMFI), the industry body for mutual funds, has appointed Leo Puri of UTI AMC as its new Chairman and retained A Balasubramanian as Vice-Chairman. Leo Puri succeeds former chairman Sundeep Sikka of Reliance AMC.


5. The Reserve Bank of India (RBI) has formed a single Financial Inclusion Fund (FIF) with a corpus of Rs 2000 crore which was formed merging the Financial Inclusion Fund (FIF) and Financial Inclusion Technology Fund (FITF). The RBI also finalized the new scope of activities and guidelines for utilization of the new FIF in consultation with the Union Government. The new FIF will be administered by the reconstituted Advisory Board constituted by Union Government and will be maintained by NABARD.


6. Zaheer Khan, India-s one of the greatest fast bowlers, has announced his retirement from all forms of international cricket with immediate effect. He said, he is looking forward to signing off his last season in domestic cricket at the conclusion of the Indian Premier League season 9.


In 92 Test matches, Zaheer has taken 311 wickets and is fourth highest wicket-taker In Tests among Indian bowlers. He also took 282 wickets in 200 ODIs. He played a major role in India's 2011 World Cup triumph with 21 wickets in the tournament.