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Citizenship Amendment Bill 2019 Highlights
The Citizenship Amendment Bill 2019 (CAB) is a bill with an amendment in the Citizenship Act of 1955, which proposed that any person belonging to Hindu, Sikh, Buddhist, Jain, Parsi or Christian community from Afghanistan, Bangladesh or Pakistan, who entered into India on or before the 31st day of December, 2014 and who has been exempted by the Central Government by or under clause (c) of sub-section (2) of section 3 of the Passport (Entry into India) Act, shall not be treated as illegal migrant for the purposes of this Act. It also seeks to relax the requirement of residence in India for citizenship by naturalisation from 11 years to 5 years for these migrants.The Union Cabinet cleared this Bill on 4 December 2019. It was passed by the Lok Sabha on 10 December 2019 and, subsequently, in the Rajya Sabha on 11 December 2019. It came into effect on 12 December 2019 there by becoming a law.
- Under the Act, one of the requirements for citizenship by naturalization is that the applicant must have resided in India during the last 12 months, and for 11 of the previous 14 years. The Bill relaxes this 11-year requirement to five years for persons belonging to the same six religions and three countries.
- The bill exempts the tribal areas of Assam, Meghalaya, Mizoram, and Tripura, included in the Sixth Schedule to the Constitution from its applicability. These tribal areas include Karbi Anglong in Assam, Garo Hills in Meghalaya, Chakma district in Mizoram, and Tribal Areas district in Tripura.
- The Bill further seeks to protect the constitutional guarantee given to indigenous populations of North Eastern States covered under the Sixth Schedule to the Constitution and the statutory protection given to areas covered under “The Inner Line” system of the Bengal Eastern Frontier Regulation, 1873.
- The Bill further seeks to grant immunity to the migrant of the aforesaid Hindu, Sikh, Buddhist, Jain, Parsi and Christian communities so that any proceedings against them regarding in respect of their status of migration or citizenship does not bar them from applying for Indian citizenship.
- The Bill includes new provisions for cancellation the registration of Overseas Citizenship of India (OCI) such as registration through fraud, in case of OCI holder sentenced to imprisonment for two or more years within five years of registration and in necessity in the interest of sovereignty and security of India. It also includes a provision on violation of any law notified by the central government. It also adds the opportunity for the OCI holder to be heard before the cancellation.
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Citizenship Amendment Bill 2019 Highlights
The Citizenship Amendment Bill 2019 (CAB) is a bill with an amendment in the Citizenship Act of 1955, which proposed that any person belonging to Hindu, Sikh, Buddhist, Jain, Parsi or Christian community from Afghanistan, Bangladesh or Pakistan, who entered into India on or before the 31st day of December, 2014 and who has been exempted by the Central Government by or under clause (c) of sub-section (2) of section 3 of the Passport (Entry into India) Act, shall not be treated as illegal migrant for the purposes of this Act. It also seeks to relax the requirement of residence in India for citizenship by naturalisation from 11 years to 5 years for these migrants.The Union Cabinet cleared this Bill on 4 December 2019. It was passed by the Lok Sabha on 10 December 2019 and, subsequently, in the Rajya Sabha on 11 December 2019. It came into effect on 12 December 2019 there by becoming a law.
- Under the Act, one of the requirements for citizenship by naturalization is that the applicant must have resided in India during the last 12 months, and for 11 of the previous 14 years. The Bill relaxes this 11-year requirement to five years for persons belonging to the same six religions and three countries.
- The bill exempts the tribal areas of Assam, Meghalaya, Mizoram, and Tripura, included in the Sixth Schedule to the Constitution from its applicability. These tribal areas include Karbi Anglong in Assam, Garo Hills in Meghalaya, Chakma district in Mizoram, and Tribal Areas district in Tripura.
- The Bill further seeks to protect the constitutional guarantee given to indigenous populations of North Eastern States covered under the Sixth Schedule to the Constitution and the statutory protection given to areas covered under “The Inner Line” system of the Bengal Eastern Frontier Regulation, 1873.
- The Bill further seeks to grant immunity to the migrant of the aforesaid Hindu, Sikh, Buddhist, Jain, Parsi and Christian communities so that any proceedings against them regarding in respect of their status of migration or citizenship does not bar them from applying for Indian citizenship.
- The Bill includes new provisions for cancellation the registration of Overseas Citizenship of India (OCI) such as registration through fraud, in case of OCI holder sentenced to imprisonment for two or more years within five years of registration and in necessity in the interest of sovereignty and security of India. It also includes a provision on violation of any law notified by the central government. It also adds the opportunity for the OCI holder to be heard before the cancellation.
- www.facebook.com/groups/rbi.grade.b.prelim.main
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Economic Slowdown
The growth rate plummeted from the level of 8.1% in the fourth quarter of 2017-18, quarterly GDP to 4.5% in the second quarter of 2019-20, a fall of 3.6 percentage points.
PROBLEMS IN THE ECONOMIC SLOWDOWN- Fall in capital formation: Steep fall in investment rate (gross fixed capital formation rate) from 34.3% in 2011-12 to 27.8% in the second quarter of 2019-20.
- Financial sector issues
- The gross non-performing loan ratio remaining stable at 9.1 percent as of September.
- ILFS and PMC bank crisis has eroded customer trust in the banking sector.
- Slackening demand:
- Several important sectors such as automobiles, consumer durables show a slackening of demand.
- This is also reflected in the low capacity utilization of several industries.
- The weakening of investment: The fall in private expenditure has led to the
- Rising inflation: Food inflation has crossed the 10% mark for the first time in many years
- Problematic GST implementation
- Hasty implementation led to pushing many commodities into lower slabs.
- Limitation of the RBI Monetary policy:
- RBI has reduced the Repo rate by 135 percentage points since February 2019 to date.
- Banks have not reciprocated due to the high level of non-performing assets.
- The Reserve Bank of India (RBI) can play limitations.
- Problems with the countercyclical policies
- The fiscal deficit of the Government of India was raised to 6.0% in 2008-09 during the international financial crisis of 2008.
- While this extraordinary increase led to the growth rate rising immediately, it landed us in problems
- Unfavorable global growth
- The global growth rate stood at sub-par 3% as per the World Bank.
- This may not help boost the export sector.
- Increase in CAPEX of state-owned entities
- A focused increase in capital expenditures of the Government and the Central public sector undertakings (PSUs) may help to apply the brakes on the slowdown.
- It might also help to “crowd in” private investment.
- Reforming the GST
- Maintaining database and Prioritizing big-data may help in tax collection.
- The GST has to become more manufacturer and trader friendly.
- Relook at the commodities falling under various slabs.
- Cleansing financial system
- The quickening of the resolution process of stressed assets.
- The recapitalization of public sector banks has to take priority.
- Cleansing of the financial system which includes finding solutions to the problems of non
- Defining the relationship between governments and boards of public sector banks and on their respective roles in management -banking financial companies(NBFCs).
- Unveiling Structural reforms:
- Segments such as agricultural marketing, land and labor markets which are waiting for reforms, product market reform,
- Enhancing competition among the producers.
- Pursuing some of the more media to long term reforms such as in education and health.
- The counter cyclical measure can complement the structural reforms
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❇️ Last Six Months Loans From BANKS [June to November 2019 ] ❣️ ADB : $451million Chennai- Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu ❣️Exim Bank USD 30 mn line of credit to Ghana for potable water project ❣️ADB $300 million for power transmission expansion in Bangladesh ❣️ADB : 91Million for Comprehensive Water Management in Karnataka ❣️ AIIB $575 million loan to ease congestion in Mumbai ❣️ UNDP : 43 mn boost climate in 3 state MH ,Andhra Pradesh & Odisha ❣️ADB :190 million Loan for Improving Road Connectivity in Rajasthan ❣️ World Bank :165 Million support Climate Resilient Agriculture for Farmers in Odisha ❣️ World Bank to fund pro-poor tourism development project in UP worth $57.14 mn ❣️ World Bank to sanction Rs 3,000 cr for food parks: Govt ❣️India Announces $12 million Grant for High Impact Developmental Projects in Pacific Island Countries ❣️ ADB : USD 200 million for improving road infrastructure in Maharashtra. ❣️ Exim Bank inks USD 124.50 mn loan pact for infra, health projects in Papua New Guinea, Senegal ❣️ World Bank USD 250 million for the First Resilient Kerala Program. ❣️World Bank drops USD 715 mn Amaravati Sustainable Capital City ❣️ ADB sanctions Rs 1,925 cr power project in Tripura ❣️World Bank $287 million for the Tamil Nadu Health System Reform Programme ❣️Exim Bank : $245 mn For Ghana and Mozambique for Agri & Rail Projects ❣️ World Bank USD 147 Million Loan for Jharkhand Municipal Development Project ❣️ World Bank USD 31.58 Million Uttarakhand Public Financial Management Strengthening Project ❣️ World Bank US$ 400 Million to Eliminate Tuberculosis from India ❣️World Bank US$ 250 Million for Rajasthan State Highways Development Project ❣️ World.Bank USD 328 Million for Improved Health Services in Andhra Pradesh ______________________ 🔰 #India_to_HOST 🔰 🕹 36th International Geological Congress in March 2020 🕹 2019 World Kabaddi Cup from December 1 to 9 in Punjab 🕹 Hockey World cup 2023 🕹 ICC Cricket World Cup 2023 🕹 91st Interpol General Assembly in 2022 🕹 'No Money For Terror' conference to be held in 2020 🕹 G20 Summit 2022 🕹 FIFA U-17 Women's World Cup in 2020 --------------- 💗 Pink Pink Colourful News 💗 🌸 Pink Toilet : Noida 🌸 Pink Sarhti : Katnataka 🌸 Pink Toilet 👉named "She Mart & Loo's " : Hyderabad 🌸 Pink Coaches : NFR ( North east Frontier Railway) 🌸 Pink Buses : UP 🌸 Pink Ticket : New Delhi
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RBI’s “Financial Stability Report”
About the state of financial sector
- Gross non-performing asset (GNPA) ratio:
- For the banks may increase to 9.9% by September 2020 from 9.3% in September 2019.
- Due to change in macroeconomic scenario, marginal increase in slippages and the denominator effect of declining credit growth.
- The state-run banks’ GNPA ratios may increase to 13.2% by September 2020 from 12.7% in September 2019.
- The recapitalisation of state-run banks by the government, banks’ capital to risk-weighted assets ratio (CRAR) improved to 15.1% in September 2019 from 14.3% in March 2019.
- The asset quality of agriculture and services sectors, as measured by their GNPA ratios, deteriorated to 10.1% in September 2019 from about 8% in March 2019.
- The banks’ net non-performing assets (NNPA) ratio declined in September 2019 to 3.7%.
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NABARD GRADE A PREVIOUS YEAR PAPER OF ESI
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NABARD GRADE A PREVIOUS YEAR PAPER OF ESI
https://drive.google.com/file/d/1CJsiU8zBaPleLRZEQ5-kMKmPF-4mYfeV/view?usp=drivesdk
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