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Major News and Events of 21 April 2018

What Happened on 21 April 2018


RBI amends its KYC guidelines, Aadhaar made compulsary in customer due diligence

On Friday, the Reserve Bank of India amended its Know Your Customer (KYC) guidelines by making Aadhaar compulsary in conducting the due diligence of customers by all the banks and financial institutions. It has directed all the commercial banks to link the bank accounts of their customers with their Aadhaar. The Aadhaar would be the only identity proof for KYC purpose. This amendment will come into force after the approval of the Supreme Court.

None of the 6 sitting judges removed despite corruption charges against them

The 6 sitting judges have faced strict removal procedures in the past but none of them has been removed despite serious corrution charges against them. The cases could not reach their conclusive stage as the process to remove a judge is quite complex. He can only be removed by the order of the President. A motion is required to be passed by both the Houses of Parliament by a majority of their members along with atleast two-third majority of their members present and voting. Due to the procedural reasons, these cases were never settled and the removal of these 6 judges never happened.




FAQs and Answers on Indian History and Geography
Which Are The Worst Polluted Indian Cities? India for years has been striving to improve its air quality in urban areas, which takes a massive toll on the health of millions of its residents. Every year, a number of its cities… Read More...
Which state of India has given maximum number of Indian cricket captains? The state of Maharashtra has seen the maximum number of players went onto represent India. Maharashtra has been a home to many famous Bollywood celebrities but this state… Read More...
Which State Has Given the Highest Number of Prime Ministers? Uttar Pradesh has given India the maximum number of Prime Ministers. There have been 14 Prime Ministers of the country so far, and eight of them have been from Uttar Pradesh… Read More...