Current Affairs July 07, 2015

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1. The Finance Minister resigns to smoothen talks with creditors: Greece’s outspoken Finance Minister Yanis Varoufakis resigned , removing one major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout.
2. Unwed mother can be sole guardian: Supreme Court: Upholding the right of an unwed mother to apply for sole guardianship over her minor son without prior consent of the child’s absentee biological father, the Supreme Court said women are increasingly choosing to raise their children alone, and there was no need to thrust an uncaring father on a child. Prior consent of absentee biological father not needed says Supreme Court.
3. Fuji Electric identifies site in Vijayawada: Chief Minister N. Chandrababu Naidu of Andhra Pradesh is on a visit to Japan seeking Investment. Electrical equipment manufacturer Fuji Electric has identified a site in Vijayawada for the proposed smart grid project.
4. India mulling proposal to Join Eurasian Union: Prime Minister Narendra Modi’s ongoing visit to Russia and five Central Asian nations could expedite the feasibility studies under way to assess whether India should sign a Free Trade Agreement(FTA) with The Eurasian Economic Union(EEU).
5. Pallavi Joshi quits FTII: Actor Pallavi Joshi stepped down from the Film and Television Institute of India(FTII) society, in solidarity with students agitating over the appointment of TV actor Gajendra Chauhan as Chairman of the Institute.
6. Life Insurance sector likely to grow by 12 to 15 %: ICRA: India ‘s life insurance industry is likely to grow by 12 to 15 percent in the current financial year due to improved market scenario and the government’s push to improve insurance penetration in the country, according to rating agency ICRA.
7. India, Pak to begin process of joining SCO: India and Pakistan would start the process of joining the Shanghai Cooperation Organization(SCO) next week, Chinese vice foreign minister Cheng Guoping said. It’s a move that will make the China-backed organization a major security bloc with four nuclear armed nations, China, Russia, India and Pakistan, as members.
8. Wait for Hindu marriage law in Pakistan just got longer: The lawmakers deferred final approval for the Hindu Marriage Law in Pakistan. The Hindus, who constitute 1.6% of Pakistan’s total population, have been struggling to get a specific marriage law since the country was founded in 1947. Hindu marriages can’t be Legalized or registered in Pakistan in the absence of such a law.
9. The US are Champions in the World Cup Football: The US women’s team beat Japan 2-5 to win the World Cup Football.