DAILY FREE CURRENT AFFAIRS 17 OCT 2015 ( DAILY NEWS INDIA )

DAILY CURRENT AFFAIRS: 17 OCT 2015

(Daily News India)

Shared By: WWW.DailyGk.IN

1. ‘WORLD FOOD DAY’ OBSERVED ON 16 OCTOBER

i. World Food Day was observed on 16 October 2015.

ii.The theme of the day is Social Protection and Agriculture.

iii.The day is observed with an aim to raise public awareness about hunger challenges and encourage people worldwide to take action in the fight against hunger. 

2. ‘MALAYSIA’ TO INVEST 30 BILLION US DOLLARS IN INDIA

i. The Construction Industry Development Board of Malaysia proposed to invest 30 billion US dollars in urban development and housing projects in India.

ii. CIDB also proposed to take up a Green City Project at Garhmukhteshwar in Uttar Pradesh.

President of malasyia: Najib Razak

Currency of Malaysia: Malaysian Ringgit

3. RBI FORMED ‘FINANCIAL INCLUSION FUND’

i. Reserve Bank of India has formed Financial Inclusion Fund with Rs. 2000 crore corpus for expanding availability of banking services.

ii. This fund will provide help for the developmental and promotional activities covered under the financial inclusion schemes.

iii. financial inclusion means is a drive for the delivery of financial services at affordable costs to low-income segments of society and availing financial services where   financial services are not available.

4. SUPREME COURT DECLARES ‘NJAC’ UNCONSTITUTIONAL

i. Supreme Court has declared National Judicial Appointments Commission Act, 2014 and 99th Constitutional Amendment Act, 2014 unconstitutional and void.

ii. Constitutional Bench of Supreme Court was headed by Justice J S Khehar .

iii. Supreme Court bench has announced  that Collegium system will remain operative which was established in 1993 for the appointment of judges to the higher judiciary.

iv. The petitions had challenged the new law on the selection and appointment of judges mentioning that it is unconstitutional and aimed at hurting the independence of judiciary.

v. Earlier, The parliament had unanimously passed the NJAC Act, 2014 and the 99th Constitutional Amendment Act to replace the twenty years old collegium system of judges appointing judges in higher judiciary.