National News
1. Cabinet Nod to Restructured Rashtriya Gram Swaraj Abhiyan Scheme
i. The Cabinet Committee on Economic Affairs has
approved a restructured Rashtriya Gram Swaraj Abhiyan scheme aimed
at making rural local bodies self-sustainable, financially stable and more
efficient.
ii. According to the Union
Panchayati Raj Minister Narendra Singh Tomar, PM Narendra Modi will
launch Rashtriya Gram Swaraj Abhiyan scheme in Mandla in Madhya Pradesh on the
occasion of National Panchayati Raj Day.
International News
2. World Earth Day: 22 April
i. The World Earth Day
(WED) is celebrated on 22nd April not only to spread
awareness of the need for conservation but also to take action to protect the
environment.
ii. This day was first celebrated on April
22, 1970 and has ever since been an annual event. The theme for
World Earth Day 2018 is 'End Plastic Pollution'. Earth
Day 2018 is dedicated to providing the information and inspiration needed to
fundamentally.
3. 6 Countries Suspend
Membership in UNASUR Regional Bloc
i. Bolivian Foreign Minister Fernando
Huanacuni has announced that Argentina, Brazil, Chile,
Colombia, Paraguay and Peru had decided to temporarily leave the Union
of South American Nations (UNASUR), given differences over choosing
the secretary general of the group.
ii. A South American bloc
created a decade ago to counter US influence in the region has temporarily lost
half its members after six countries suspended their memberships amid
differences over who should lead the group.
Static/Current Takeaways
Important for NABARD Grade-A Exam 2018-
·
UNASUR was promoted by late Venezuelan
President Hugo Chavez. Bolivia, Ecuador, Guyana, Surinam, Uruguay and Venezuela
remain in the bloc.
4. Deepika Padukone,
Virat Kohli Among TIME's 100 Most Influential People
i. The TIME Magazine released
the 100 Most Influential People List of 2018 designating
individuals whose time is now. The 2018 list features the names of four
self-made Indians- Bollywood actress Deepika Padukone, Indian cricket captain
Virat Kohli, Ola co-founder Bhavish Aggarwal and Microsoft’s CEO Satya Nadella.
ii. The list also features the US President Donald Trump. The list of 100 Most Influential People of 2018 includes the names of actress Nicole Kidman, 'Wonder Women' starrer Gal Gadot, Prince Harry and his fiance Meghan Markle and singers Rihanna and Jennifer Lopez.
ii. The list also features the US President Donald Trump. The list of 100 Most Influential People of 2018 includes the names of actress Nicole Kidman, 'Wonder Women' starrer Gal Gadot, Prince Harry and his fiance Meghan Markle and singers Rihanna and Jennifer Lopez.
5. FM
and CBGs from G20 Agree for Economic Growth by Promoting Trade
i. Finance Ministers and Central Bank
Governors from G20, the Group of 20 economies, have agreed
to aim for economic growth by promoting trade.
ii. In their two day meeting at Washington, the financial leaders agreed to work together to promote trade and global economic growth. Argentine Treasury Minister Nicolas Dujovne has chaired the meeting.
ii. In their two day meeting at Washington, the financial leaders agreed to work together to promote trade and global economic growth. Argentine Treasury Minister Nicolas Dujovne has chaired the meeting.
Banking News
6. RBI Revises its KYC
Guidelines
Reserve Bank of India |
i. The Reserve Bank of India has
revised "Know Your Customer" or the KYC guidelines.
The KYC norms have been revised following the government's decision to update
the 'Prevention of Money Laundering' rules in June 2017. The
RBI made linking of national biometric ID Aadhaar to bank accounts
mandatory. However, it said this will be subject to the final decision
of the Supreme Court on making of Aadhaar mandatory.its
ii. Till now, an Officially
Valid Document for address proof together with Permanent Account Number issued
by the Income Tax department and a recent passport size photograph were the key
KYC documents. But in the amended Customer Due Diligence procedure, the Aadhaar
number, the PAN or Form No. 60 need to be obtained from an individual who is
eligible for applying for the biometric ID.