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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 is the longest National Highway in India?Previously known as National Highway 7, National Highway 44 (NH 44) is the longest-running National Highway in India. It is 3,745 km long and covers the North-South Corridor of NHDP. It starts from Srinagar in the north and ends in Kanyakumari in the south. NH-44… Read More...
Which Indian state is the largest producer of silk?Karnataka is the largest producer of silk in India. The state produces an average of around 8,200 metric tonnes of silk every year, which is about one-third of the total silk production in India. Up to November 2017, Karnataka has produced 5,962 metric tonnes of… Read More...
Which is India's poorest state? As per the National Family Health Survey 2015-16 (NFHS-4), Bihar is India's poorest state with 43 percent incidence of Multidimensional Poverty (MDP) and having more than 50% households in the bottom wealth quintile. Despite India being… Read More...

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