The Citizenship (Amendment) Bill, 2019 will be introduced in the Rajya Sabha on December 11. The Bill is likely to be taken up for consideration and passing following a debate.After having been debated for many hours, the contentious Bill was passed in the Lower House on December 9, with 334 members favouring it and 106 voting against it.Several amendments brought by opposition members, including one by a Shiv Sena Member of Parliament (MP), were defeated either by voice vote or by division.Close The Bill seeks to amend the Citizenship Act, 1955. According to the Bill, 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 in their respective native countries, will not be treated as illegal immigrants and stand eligible for Indian citizenship. related news Manmohan Singh among 8 parliamentarians honoured by Venkaiah Naidu Six dead, including a cop … [Read more...] about Citizenship (Amendment) Bill in Rajya Sabha today: Protests rock Northeast; BJP confident of passage
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The multi-cap category generated maximum wealth for the ultra-rich in 2019, data from PMSBazaar.com showed.Even though small & midcap indices recorded double-digit fall from their respective record highs, select quality names created wealth also, suggest experts.Data for PMS schemes for the period December 1, 2018 to November 30, 2019, highlighted that the multi-cap category was a winner.Close As many as 30 out of 55 schemes covered by PMSBazzar.com under the multi-cap category gained 10-27 percent in the 1-year period, data showed. related news Market Headstart: Nifty50 seen opening flat; Yes Bank, Bharti Airtel eyed What changed for the market while you were sleeping? Top 10 things to know Early on D-Street | Selling pressure could increase if Nifty fails to hold 11,844 Portfolio Management Services cater to wealthy investors. The minimum ticket size of these schemes was raised from Rs 25 lakh to Rs 50 lakh recently by SEBI. The professional fee charged by … [Read more...] about Wealthy investors made 10-27% gains from multi-cap schemes in 2019; should you bet?
ICICI Direct's currency report on USDINRSpot CurrencyThe rupee closed higher for a fifth consecutive session, appreciating by 12 paise vs. the US$, registering its highest close since November 7, 2019. The Indian currency has been on an upswing since the RBI policy decision wherein it did not cut rates citing inflation threat. This has helped India maintain the real rate. Also, CNY appreciation is supporting rupee strengthening • The US$ ended the session further lower yesterday even as investors braced themselves for significant events lined up this week. UK election, Federal Reserve policy outcome, ECB monetary policies are lined up this week. Later, investors would be on the edge to know whether the US President approves further tariffs on Chinese imports, which were originally announced to be levied on December 15, 2019.Benchmark yieldDomestic benchmark 10-year rose to 6.71% in the previous session even as domestic debt has come under selling pressure since the RBI did not … [Read more...] about Sell USDINR; target of 70.80 – 70.70: ICICI Direct
Prime Minister Narendra Modi, on December 11, accused the Opposition of speaking Pakistan's language on the Citizenship (Amendment) Bill.The prime minister also asserted that the legislation will be written in "golden letters" in history.Addressing Bharatiya Janata Party (BJP)’s parliamentary party meeting in New Delhi, PM Modi likened the Bill to the government's decision to nullify provisions of Article 370 of the Indian Constitution and said it will provide permanent relief to minorities of neighbouring countries who arrived in India fleeing religious persecution.Close He also asked his party’s Members of Parliament (MPs) to gather feedback from all sections of society -- from farmers to the poor and industrialists -- on the coming Union Budget and share the inputs with the Finance Minister. related news No comment on Citizenship (Amendment) Bill, but govts must pursue non-discriminatory laws: UN chief's spokesperson West Bengal govt proposes to trim … [Read more...] about Citizenship (Amendment) Bill in Rajya Sabha today: Opposition speaking Pakistan’s language, says PM Modi
Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on December 10 that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision.The signing ceremony in Mexico City launched what may be the final approval effort for US President Donald Trump's three-year quest to revamp the 1994 North American Free Trade Agreement (NAFTA), a deal he has blamed for the loss of millions of US manufacturing jobs.The event at the National Palace was attended by Mexico President Andres Manuel Lopez Obrador, Canadian Deputy Prime Minister Chrystia Freeland, US Trade Representative Robert Lighthizer, and US White House adviser Jared Kushner.Close The result of a rare show of bipartisan and cross-border cooperation in the Trump era of global trade conflicts, the deal was inked the same day as he became the fourth US president in history to face formal impeachment. related news … [Read more...] about US, Canada and Mexico sign new agreement to replace NAFTA