Aadhaar must for bank accounts: (The Hindu) The government, through a notification amending a prevention of money laundering law, has made it mandatory to provide Aadhaar to open a bank account and to conduct a transaction of Rs. 50,000 or more. Maximum force: (Indian Express, Editorial) The arbitrariness of the sedition charges imposed on Karnal protesters makes for a test case on the validity of Section 124A
Swiss ratify pact on information sharing: (The Hindu) Switzerland on Friday ratified automatic exchange of financial account information (AEOI) with India and 40 other jurisdictions to facilitate immediate sharing of details on suspected black money even as it sought strict adherence to confidentiality and data security. Undoing the gains: (The Hindu, Editorial) The rush to hand out farm loan waivers raises the broader issue of adherence by States to fiscal obligations. Infiltration, best countered: (Indian Express, Editorial) Pakistani militants are fervently trying to gain access through Uri. This is a warning bell to step up counter-terror ops, intelligence — and outreach to Kashmiris.
Prelims Related News
‘Photosynthesis can save hearts’: Scientists use blue-green algae and light to treat cardiac disease in rats. U.S. issues Zika advisory for India: Taking note of the World Health Organisation (WHO) categorising India last month as a site of active transmission of the Zika virus, the United States sent out an advisory on Friday, informing its citizens in India about the number of confirmed Zika infections in India. ISRO set to launch back-up satellite: IRNSS-1A has been hobbled by failure of atomic clocks on board.