Current Affairs of 11 August




1.CJI defends collegium system
Chief Justice of India R.M. Lodha defended the collegium system of appointment of judges, and said concerted attempts were being made to tarnish the image of the judiciary in the eyes of the public.
His comments came a day after Justice (Retd.) Markandey Katju blogged that after he complained about corruption by a former Allahabad High Court judge, the then Chief Justice of India, S.H. Kapadia, ordered the tapping of the telephones of the judge’s agents.



2. Crony capitalism a big threat to countries like India, RBI chief Raghuram Rajan says
Reserve Bank of India governor Raghuram Rajan has warned against crony capitalism which he said creates oligarchies and slows down growth.
"One of the greatest dangers to the growth of developing countries is the middle income trap, where crony capitalism creates oligarchies that slow down growth. If the debate during the elections is any pointer, this is a very real concern of the public in India today," said Rajan while delivering the Lalit Doshi memorial lecture in Mumbai on Monday.

3. Robin Williams, Oscar-winning Hollywood actor, dies of suspected suicide

Oscar-winning actor and comedian Robin Williams was found dead at his home in California from suspected suicide

4. Centre moves new version of Judicial Appointments Bill
The Union government on Monday withdrew the UPA’s Bill on judicial appointments in the Rajya Sabha and introduced a fresh one in the Lok Sabha, where it has a majority.
The National Judicial Appointments Commission Bill, 2014, and the 121st Constitution Amendment Bill (Insertion of new Articles 124A, 124B and 124C) were introduced in the Lok Sabha by Law Minister Ravi Shankar Prasad.
The Constitutional Amendment Bill scraps the collegium system and establishes a six-member body for appointment of judges. The other Bill lays down the procedure to be followed for appointment and transfer of judges. It is proposed that the Chief Justice of India will head the commission. The judiciary will be represented by two senior judges of the Supreme Court.

5. Tata-SIA airline Vistara may take to the skies in October

Tata-SIA Airlines Limited (TSAL), announced that the much-anticipated brand name of its new airline will be Vistara, or limitless in Sanskrit, with aubergine and gold as its colours. As some statutory clearances are yet to come in, the ‘full service’ airline may take to the skies only in October, company officials told a press conference.
Promising to provide a personal travelling experience to every traveller, the airlines’ Chief Executive Officer, Phee Teik Teoh, said despite tough market conditions, the two partners — Tatas and Singapore International Airlines (SIA) — were banking on the new government to deliver on its promise of transforming the infrastructure and tourism structure to turn in profits.

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