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Major News and Events of 21 April 2018

What Happened on 21 April 2018


21 April 2018 Current Events 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.


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 States Share Boundary with China?India, in total, shares land borders with 6 sovereign countries. China is one of those. Below are the Indian states which share borders with the country. 1. Jammu and Kashmir This northern state of India is mostly located in the Himalayan mountains. It shares a… Read More...
Which States Share Boundaries with Pakistan? There are four states that share a border with Pakistan, namely, Jammu and Kashmir, Punjab, Rajasthan, and Gujarat. The India Pakistan Border is quite intriguing. Since India has installed 1,50,000 flood lights on… Read More...
Which Places in India Still Largely Speak Sanskrit?Sanskrit is considered as Dev Bhasha, the language of Gods. It has a history of around 3500 years. It used to be a primary language of ancient India. Its earliest form Vedic Sanskrit, was prevalent from 1500 500 BCE. However, it is fading… Read More...



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We follow editorialcalls.org for border and boundary demarcations