The controversial Citizenship (Amendment) Bill, which has sparked widespread protests from the northeastern states and Opposition parties, has been passed by the Cabinet and is likely to be tabled in the Lok Sabha on December 9.The Bill was passed by the Lok Sabha in January but lapsed without being cleared in Rajya Sabha. The Modi government has made passing of the Bill top priority and the process to ease the concerns of the Northeastern states is underway with Home Minister Amit Shah meeting with representatives of those states.Here we look at the major talking points of an amendment which seeks to redefine the definition of nationality of a nation which has been grappling with influx of illegal immigrants:Close What is the Citizenship (Amendment) Bill, 2019? related news India's air passenger traffic grows 3.6% in October; pace slower than seen in 2018: IATA Canada Pension Plan Investment Board to invest up to $600 mn in India through NIIF MHA sanctions Rs 100 cr to set … [Read more...] about What is the Citizenship (Amendment) Bill 2019 and why is it in the news?
Minsk 2019 opening ceremony
Every year, the UX Collective publishes a report on the state of the UX industry, covering everything from the tools we use to the career challenges we face. The report is based links we’ve curated and shared (more than 2,411 this year), written by brilliant designers and thought leaders in the industry. advertisement advertisement The 2018 report focused on how the experiences we create can impact the world—from enabling tech addiction to influencing democratic elections. But this year’s report carries a more positive outlook: 2020 is the year of pragmatic optimism, focused on tangible action, and an understanding of how to turn frustration into motivation to create better things in the world. As designers, we know that the key to solving any problem is optimism. If we didn’t believe we could fix things, we wouldn’t have become designers in the first place. You can read our full report here, but below you’ll find three takeaways on … [Read more...] about We study the UX industry. Here’s what will change in 2020
In a recent interview to CNBC, Zee Entertainment CEO and Managing Director Punit Goenka said that they are confident that they will be back to the number one position in broadcasting soon. For this, they have identified critical regional markets that have gaps in Zee’s portfolio.Focusing on regional markets could be a step in the right direction as regional channels continue their dominance.A look at BARC ratings for week 48 shows that regional channels like Dangal, Sun TV, Star Maa continue to remain at the top with impressions recorded at 1186182, 927415, 717877, respectively.Close According to reports, the growth in viewership for regional channels is higher than Hindi channels. related news Bollywood earnings could grow 35% in 2019 thanks to strong December lineup Loved ‘Lust Stories’? Now get ready for ‘Ghost Stories’ as directors’ team returns to Netflix Commando 3 makes decent opening, Pagalpanti a major flop as Bala’s run … [Read more...] about Why broadcasters, advertisers are focusing on regional markets
The Reserve Bank of India (RBI) on December 5 released final guidelines and opened the window for applicants to approach the regulator at any point of time for 'on-tap' licensing of Small Finance Banks (SFBs).The minimum paid-up voting equity capital or net worth requirement has been set at Rs 200 crore, up from Rs 100 crore as set earlier.For primary urban cooperative banks that intend to convert into SFB, RBI said that the initial requirement of net worth shall be at Rs 100 crore, which will have to be increased to Rs 200 crore within five years from the date of commencement of business.Close Payments Banks have also been allowed to apply for conversion into SFB after five years of operations, if they are meet other eligibility norms. related news Monetary Policy | Inflation, transmission issues took rate cut off the table Monetary Policy | RBI pause is puzzling, but a rate cut is not far away Investors, other than promoters, will not be allowed to hold more … [Read more...] about RBI issues final norms for ‘on-tap’ licensing of Small Finance Banks
The Reserve Bank on December 5 imposed a fine of Rs 25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued on KYC and anti-money laundering. RBI has, by an order dated December 05, 2019, imposed a monetary penalty of Rs 25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued by RBI on Know Your Customer (KYC) norms/Anti Money Laundering (AML) standards and opening of current accounts, the central bank said in a release.The penalty has been imposed in exercise of powers vested in RBI under the provisions of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI, it said."This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with their customers," RBI said.Close Based on a complaint, an examination of current accounts opened by two … [Read more...] about RBI imposes Rs 25 lakh fine on Andhra Bank for violating KYC, AML norms