The Citizenship (Amendment) Bill was tabled by Home Minister Amit Shah in the Lok Sabha and Rajya Sabha and was passed to become an Act. But, do you know how a bill becomes an Act in India?A bill needs to be first introduced in either the Rajya Sabha or Lok Sabha, where it is discussed by parliamentarians and if need be, it can be recommended to a select committee or a joint committee.Close Watch the video to find out what happens next.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE. … [Read more...] about Insight18 | How a bill becomes an Act?
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The Opposition Congress and the AIUDF have separately requested the Assam Assembly Speaker to call a special session to discuss the concerns expressed by the people of the state on the amended Citizenship Act.Assam has been on the boil for the past several days as thousands of people have come out on the streets to protest against the amended Citizenship Act. Two persons were killed in police firing on Thursday, while an oil tanker driver was charred to death when the vehicle was torched on Saturday."You must be aware of the situation in Assam following the passing of the Citizenship Amendment Bill, 2019 by the Lok Sabha," Leader of Opposition in the Assembly Debabrata Saikia of the Congress wrote to Speaker Hiten Goswami.Close He said people including students and senior citizens took to the streets across Assam to express their pain and grievances over the Bill that threatens the existence of the indigenous people. related news Up to 25% of FASTag lanes to be temporarily … [Read more...] about Citizenship Act: Cong, AIUDF urges Assam Speaker to call spl session
The US has issued a travel advisory for its citizens asking them to "exercise caution" while travelling to northeast India, which has witnessed violent protests against the amended citizenship act.The advisory also said the US government has temporarily suspended official travels to Assam, the epicenter of the protests."US citizens in the northeastern states of India should exercise caution in light of media reports of protests and violence in response to the approval of the Citizenship (Amendment) Bill. Government curfews are in place in some areas. Internet and mobile communications may be disrupted. Transport may be affected in various parts," the advisory read.Close The US Embassy has also listed out precautions for its citizens staying in the northeastern states, asking them to avoid areas with "demonstrations and civil disturbances", being aware of their surroundings, and keep a "low profile" among others. related news Tea growers feel pinch of Assam protests, fear … [Read more...] about Citizenship act protests: US advisory for its citizens against visiting NE India
The Indian economy has grown by leaps and bounds after attaining Independence in 1947. The history of trade and commerce in the Indian subcontinent can be divided into many phases — deindustrialization induced by colonization, socialist central planning in the aftermath of Independence and free market economics after the liberalization reforms of 1991.India’s share of the world economy slipped from around 25 percent in 1700 to 4.2 percent in 1950. A century under colonial rule had sapped the country’s entrepreneurial spirit. The country was forced to divert its raw materials to feed the mechanized factories that had sprung up in Britain during the industrial revolution. Poverty and famine was rampant.After the British left Indian shores, the newly elected government charted a course for the country that entailed capital controls and central planning, much along the lines of the Soviet Union. Even though the ruling dispensation at the time had pledged … [Read more...] about The India growth story: Here’s how some macro indicators have fared since 1947
Indian drug makers are staring at diminishing margins as raw material imports from China has increased while drug prices have stagnated. The cost of raw materials sourced from China has risen after Chinese government started cracking down on facilities that violate the country’s pollution control norms.Many production units have been mothballed till the required clearances are clinched. This has resulted in a drop in production, which has consequently led to price inflation. India is one of the largest markets for pharmaceuticals, but production of drugs is usually undertaken with imported raw materials and intermediaries.The pricing pressure on imports is hurting domestic manufacturers. Costly imports from China has led to an about 3 percent decline in Q1 FY19 margin for Laurus Labs, reports Business Line. Lack of an indigenous ecosystem for the extraction and processing of minerals, among other raw materials used in pharmaceuticals, could leave the sector vulnerable to … [Read more...] about Rising cost of Chinese raw materials eat into margins of Indian pharma companies