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A federal US commission on international religious freedom has expressed its concern over the Citizenship Amendment Bill, saying that it was deeply troubled over the passage of the bill in Lok Sabha.In a statement issued on December 9, the US Commission for International Religious Freedom (USCIRF) said that the Bill is a "dangerous turn in wrong direction" and sought American sanctions against Home Minister Amit Shah if the bill is passed by both houses of the Indian Parliament.According to the proposed legislation, members of Hindu, Sikh, Buddhist, Jain, Parsi and Christian communities, who have come from Pakistan, Bangladesh and Afghanistan, till December 31, 2014 facing religious persecution there, will not be treated as illegal immigrants but given Indian citizenship.Close "If the CAB passes in both houses of parliament, the US government should consider sanctions against the Home Minister Amit Shah and other principal leadership," the commission said. related news … [Read more...] about Federal US commission calls CAB ‘dangerous turn in wrong direction’, seeks sanctions on Amit Shah if Bill is passed

Here are some stocks that are in news today:South Indian Bank: India Ratings and Research has given "IND A+" rating with a negative outlook on the company's Tier II bonds and Lower Tier II bonds.Close Hero MotoCorp: The company will make an upward revision in the ex-showroom prices of its motorcycles and scooters, effective January 1, 2020. related news NSE launches interest rate options on Government of India bonds Aditya Birla Sun Life MF launches PSU Equity Fund HDFC: The company is mulling to acquire 1.15 crore shares of its subsidiary HDFC Credila Financial Services from its other promoters.Bank of Baroda: The bank said it will take part in the proposed IPO of UTI Asset Management Co Ltd by way of offer for sale of up to 1.04 crore shares.Quess Corp: Board approved allotment of 7.15 crore shares to eligible shareholders of Thomas Cook.SRF: SEBI exempted ABR Family Trust from complying with requirements with respect to proposed indirect acquisition of control in … [Read more...] about Stocks in news: Hero MotoCorp, HDFC, PC Jeweller, Yes Bank, Bank of Baroda, SRF, JSPL, DHFL

Arvind Ronta The government’s consistent push for financial inclusion and more digital payments has aided the cashless agenda in India. Debit cards have become a much preferred cashless payment method for a large chunk of people. Over the last four years, the number of debit cards has more than doubled and is expected to cross one billion in the near future. In fact, the low credit card penetration, characteristic of the Indian market, is further dwarfed by the sheer size of debit cards in the country. Does that mean that Indian consumers do not have an appetite for credit? Certainly not.Current consumer credit scenarioClose India has an increasingly aspirational and young population. In the last five years, retail loans have grown at a compounded annual rate of 16 per cent, buttressed by an expanding and ambitious middle class. The value of credit card transactions at point-of-sale (POS) terminals exceeds that of debit cards, especially as big-ticket purchases happen … [Read more...] about Viewpoint | Credit access to debit card holders, a potential game-changer for consumer spending