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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

Democrats, on December 10, charged Donald Trump with two articles of impeachment, abuse of power and obstruction of Congress by pressing his Ukraine counterpart for help in attacking his rivals in the 2020 election, making him only the third president in American history to face the ignominy.House Judiciary Committee Chairman Jerry Nadler alleged that Trump, a Republican, was trying to undermine the 2020 election for his own benefit.Nadler said that 73-year-old Trump put himself ahead of the interests of the country by abusing his powers and pressuring Ukraine to announce an investigation into former vice president Joe Biden, his potential Democratic challenger in the 2020 election.Close Nadler said the judiciary panel will introduce two articles "charging the president with high crimes and misdemeanours." related news Air quality in Delhi borders 'severe levels' Policy | Trump deals a crippling blow to WTO US, Canada and Mexico sign new agreement to replace NAFTA He said … [Read more...] about Democrats unveil two articles of impeachment against President Donald Trump

Following mounting pressure from investors for his ouster for the alleged irregularities under his watch, K N Neelkant, Chief Executive Officer of fraud-hit CG Power, has exited from all of the company’s subsidiaries, sources told news agency PTI.While he did confirm his resignation from the subsidiaries, Neelkant said he believed that CG Power’s investors and lenders would not want him to step down in the "best interest" of the company.Prior to this, CG Power & Industrial Solutions' board removed its founder Gautam Thapar as chairman late last month, following an investigation that brought to light a multi-crore financial fraud in the company.Close Sources told PTI that investors and lenders want a clean-up of the company, hence their decision to force Thapar out. They want a completely new management to run CG Power, for which they believe Neelkant also needs to go. related news Gautam Thapar sends legal notice to CG Power, challenges his removal: Report CG … [Read more...] about Fraud-hit CG Power CEO Neelkant resigns from subsidiaries

Hetal DalalRecent failures have given enough reason to believe that directors need to have greater awareness of their fiduciary responsibilities. Of the recent failures — several on account of corporate governance lapses — had boards with well-established directors that failed in executing their fiduciary responsibilities. The IL&FS and CG Power are cases that come quick to mind. Leave aside abject failures, but governance practices in well-established companies also raise questions on the role of independent directors.That shareholders have to vote against remuneration resolutions or stock option schemes raises questions on whether the nomination and remuneration committee (NRC) has used objective benchmarks to decide executive compensation. Whistle-blower letters that go directly to the regulator rather than through the company’s own policy and process are, to some extent, a reflection of the trust commanded by the company’s board and leadership. Related … [Read more...] about Policy | Independent directors need training, not eligibility criteria

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