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Building sports in the country

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It was a dream come true for 35 kids from North East India as they were selected to be sponsored by Tata Trusts to learn professional football in Germany, Europe for six years.

Called the Tata Trusts U dream Football, this initiative is a partnership between The Trusts and U Dream Football to improve football in the country, beginning at the very grassroots. In the first phase, the program has selected 35 kids from North east India to pursue professional Football in Germany alongside their education for six years. The initiative aims at placing about 150-200 kids across Europe and another 600 placed across Tata U Dream football Centres across India.

Focussing on children aged 8-14 years, the flagship program will have about 100 centres in the states of Manipur, Mizoram, Nagaland, Meghalaya and Assam. Having identified the popularity and talent of football in those regions which are considered to be the birthplace of Indian football, Tata Trusts aims at not just redefining the perception of football in the country, but also aims at creating champions and making India one of leading football nations in Asia.

But, that is just not it Tata Trusts U Dream Football is one of the many sports initiatives by the trusts. Being tied to sports from over Nine Decades, Tata’s first acquaintance with sports began when Sir Dorabji Tata became the first President of the Indian Olympic Committee that was started in 1927, a little after he made personal contributions to the participation of the Indian Contingent in the 1920 and the 1924 summer games held in Antwerp and Paris respectively.

With a view to promote Paralympic sports in the country, the trusts have taken to supporting the country’s first blind football team as it prepares to play in the international arena. Working alongside the Indian Blind Football Federation (IBFF) and the Paralympic Committee of India (PCI), Tata Trusts brought together the first of its kind, training session for the players in Shillong, followed by a National Selection Camp in Kochi for the first Tri- Nation B1 Blind Football Tournament. Being supportive since the initiation of the introduction of the blind football through the awareness camp till the final tournament was welcome by not just the beneficiaries but also the authorities involved in the promotion of the sport. Embracing the support received, Carmo Naronha, Executive director of Bethany Society, Shillong said “Organising the first ever blind football interaction and awareness camp in September, followed by the intensive training camp in October with IBFF & SRVC has helped get the game the necessary exposure,”.

The efforts of the trust and the federation have also helped in not just recognising talent in Blind Football, but also helping in integrating the visually challenged into the society. The national team comprising of 12 players from across the country played the qualifiers in Tokyo ahead of the Rio 2016 Paralympic Games.

Of the many initiatives taken up by the Trusts one of them is to promote the national game- hockey. They have partnered Tata Steel, Olympian Floris Jan Bovelander and One Million Hockey Legs, Netherlands, to establish Tata Hockey Academy. The Academy was established at not only professionalizing Hockey at the grassroots level, but also to train native coaches to create an environment that will host and nurture Indian Hockey talent, facilitate the conduct of Hockey Leagues and Tournaments. Targeted to reach 50,000 school children, it aims to generate a minimum of 200 players by three years.

“This initiative will promote hockey and sustain it as a national sport in India. Tata Hockey Academy is going to create a meaningful impact at the grassroot level — both in the field of this fantastic game of hockey as well as in the lives of the people who are interested in this game,” said Floris Jan Bovelander, Olympic and World Hockey Champion, Assistant Coach to the Dutch National Team and member of the Executive Board of One Million Hockey Legs
Our goal is to reach one million hockey legs by the 2018 World Cup, which is scheduled to take place in India and we are excited to see the outcome in the coming years,” he added.

Having identified at a very early stage that sports in the country do not receive much importance as education and learning does and the resulting physical and intellectual development, the trusts aimed at encouraging sports alongside their other development initiatives. They began partnering with the government and other private organisations to make the best of the facilities and talent available to foster the growth of sports in the country alongside intellectual development and imparting of education.

With many Olympic hero’s roots set in some of the most backward areas of the country, they realised that sports was a means for social transformation. With that, they began to focus their programs at the grass roots in such areas that had shown a history of talented sports persona. The beneficiaries of the multiple sports programs by the Trusts are trained by Professionals with significant expertise in the field that will open a plethora of opportunities for the kids.

“At the Trusts, we view sports as a vehicle for social change. Often, we look at all the developing sectors as a supply-driven area but sports, on the contrary is generating demand which unites people,” said R Venkataramanan, Managing Trustee, Tata Trusts

With the entire trust primarily working towards Rediscovering India’s glory in sports, the methods adopted are such that the will be lasting and not just merely create champions in the short run, but, change the face of Indian sports drastically. The trust, under its ambit has facilities and infrastructal provisions, training for coaches, and also is changing the sports at the very grassroots, thereby, ensuring that the fruits of the programs are everlasting,

An aspiring chartered accountant and journalist. Also, a passionate photographer , an avid reader with a heart filled with wanderlust, adventures are always a yes! I like to meet new people, learn about different cultures whilst being deeply intrigued by history and Indian mythology. Long drives, walks, and soothing music fuel my soul. Doodling and painting helps me battle boredom. I believe in looking a little beyond everyday and everything for simplicity is peaceful and life, truly. Briefly, a nerd who is out of the box, an artist by choice, writer by passion and photographer by obsession.

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India

Ram Mandir Opening For “Darshan” In 2023

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Ram Mandir Opening 2023 | News Aur Chai

The Ram Mandir in Ayodhya is expected to allow visitors by December 2023, with the completion of construction only in 2025.

Sources in the Shri Ram Janmabhoomi Teerth Kshetra have revealed that the colossal project of building the Ram Mandir in Ayodhya, Uttar Pradesh, will be opening for devotees towards the end of 2023. In contrast, the project’s entire construction completion is expected towards the end of 2025. The sanctum sanctorum (Garbha Griha), along with the mandir’s first floor, will be ready by December 2023. Devotees will be allowed to visit the long-awaited mandir soon after the construction is completed.

An ANI report said, “The grand Ram Mandir being constructed in Ayodhya will be opened for devotees from December 2023. Sources told ANI that Garbhagriha, all five mandaps and the first floor will be ready by December 2023 and the mandir will be opened for devotees”.

The sanctum sanctorum will be as high as 161 feet and built using Rajasthani marble and stones. Engineers and architects are taking all measures to ensure the longevity of this enormous project. The second stage of construction is expected to begin in December this year. Currently, the structure is at a standstill as a result of monsoons. Another reason for the delay is the coronavirus pandemic that depleted the force with which the mandir’s construction was expected to go on.

The announcement of the mandir being opened to visitors in 2023 has brought up questions about the political agenda. It is believed that the Bharatiya Janata Party (BJP) aims to use the mandir to catapult themselves into a position of advantage during the 2024 Lok Sabha elections. Opening the mandir to devotees in December 2023 will give the BJP an easy 6-month gap to the general elections in 2024.

The opening of the long-awaited Ram Mandir in Ayodhya could be the factor that diverts the public, at least the Hindu’s in favour of BJP. Thus, securing them a vote bank based on religious sentiments upheld by the party in their previous tenure as the ruling party.

The Ram Janmabhoomi Mandir will be 360 feet long, 235 feet wide, and 20 feet high mandir will be completely ready by the end of 2025. The project will include amenities and structures like museums, archives, research centre, Sant Niwas, gau and Yagya shala, Etc. The main attraction is the Ram Mandir.

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Business

How SEBI’s New Margin Rule Is Affecting Retail Traders?

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SEBI Margin Rule | News Aur Chai

Securities and Exchange Board of India has introduced new margin rules for traders. Traders and Brokers are not happy with the new regulations because they will have to invest a large amount of cash in fulfilling margin requirements for trade.

SEBI had introduced the new margin rule in the year 2020 for intraday traders. It is being implemented in a phased manner. Traders were supposed to maintain 25 per cent of the peak margin in the first phase; the margin was raised by 50 per cent in the second phase. In the third phase, as per the new margin rule, intraday traders will have to pay a 100 per cent upfront margin. According to new norms, the margin requirements will be calculated four times during every trading session because the money margin must be greater than the need.

As per the new rule, brokers must collect margin from investors for any purchase or sale, and if they fail to do so, they will have to pay the penalty. Thus, brokers will not receive power of attorney. Brokers cannot use power of attorney for pledging anymore.

Those investors who want to make use of margin will have to create margin pledges separately. As per the new rule, investors will have to pay at least a 30 per cent margin upfront to avail a margin loan. Shares brought today cannot be sold tomorrow. Funds from shares sold today cannot be used for new trades on the same day.

The market experts said that there must be proper adjustments for implementing new rules, or it may create chaos, trouble and disturbance to the market participants. The CEO and founder of Zerodha broking firm, Nithin Kamath tweeted that, “the day when the new rules came into effect was the dreaded day for brokers, exchanges, intraday traders”.

Traders Are Not Happy:

Changes in rules have evoked strong reactions from traders because they will have to invest a large amount of cash in fulfilling margin requirements for trades as per new margin rules. Even the trading in futures and options will become more expensive. Traders are disappointed because they will have to pay up more money to bet in stock markets. As per new margin rules, Traders are also liable for the penalty if the rules are not followed during the trading session. If a trader wants to buy Nifty worth Rs 10 lakh, he will have to pay a 20 per cent margin of around 2 lakh. If the margin of the trader does not meet the need, he will be penalized. Traders will have to pay the minimum amount for opening the Multilateral Trading facility account, and they have to maintain a minor balance at all times.

Why Gas SEBI Introduced A New Margin Rule?

SEBI has introduced new rules to protect retail investors from purchasing difficulty. The intended goal of SEBI behind new margin rules is to bring down the difficult market situation and avoid huge fluctuation in stock markets during extreme stress. The new margin rules are likely to bring transparency to the market; it is expected to strengthen the market’s safety.

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World

Escalation Of COVID-19 Cases Across The Globe

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COVID Case Spike 2021 | News Aur Chai

The United States, India, and Brazil have the most confirmed cases, followed by France, Russia, the United Kingdom, and Turkey. There are very few locations that have remained undisturbed.

Since the middle of last year, confirmed cases have been increasing. Although the actual scope of the first outbreaks in 2020 is unknown because testing was not generally available at the time. The 100 million COVID-19 cases were discovered at the end of January, over a year after it was first diagnosed. As of 6:30 p.m. CEST on July 30, 2021, WHO has received reports of 196,553,009 confirmed cases of COVID-19, with 4,200,412 fatalities. A total of 3,839,816,037 vaccination doses has been delivered as of July 28, 2021.

After reaching a record high of over 0.9 million cases on April 28, 2021, new daily instances of the coronavirus continued to decline, reaching a low point on June 21, when over 0.3 million cases were reported. Since then yet, there has been a global increase in cases. On July 15, 0.53 million daily cases were reported, and over three million new cases were reported in the second week of the month. As of July 15, 188.9 million patients have been recorded worldwide. The transmissive Delta form accounting for most infections in 111 countries. Most instances were recorded in Brazil, India, Indonesia, the United Kingdom, and Colombia in the last week. With the steepest increases in Zimbabwe (72%), Indonesia (44%), the United States (38%), Bangladesh (35%), and the United Kingdom (30%). Many Asian nations, including Vietnam, Malaysia, South Korea, and Japan, have reported many daily cases. However, the spread was under control.

The number of new cases in Indonesia has been on the rise, with each day seeing a significant increase over the previous day. Indonesia is now the new Asian epicentre, with 56,757 cases recorded on July 15; India reported 39,000 patients on the same day. COVID-19 fatalities are high, according to WHO. After decreasing for nine weeks, with the highest increases in Africa and Southeast Asia. COVID-19 fatalities worldwide surpassed four million on July 7. The last million deaths occurred in under 90 days, the lowest time interval for every one million deaths ever recorded.

High vaccination coverage has been shown in the United States and much of Europe to lower fatalities and even hospitalizations. For example, United Kingdom rises in incidence. There has been fewer hospitalizations and deaths over 87% of the adult population, as they are vaccinated with one dose and over 67% with two doses. In the United States, the increase in cases is concentrated in states with low vaccination coverage, with unvaccinated people accounting for most deaths. Over 55% of Americans have received one dosage, and 48% are completely immunized. It shifts the focus back to improving vaccination coverage and achieving global vaccine equality to avoid fatalities and the spread of dangerous strains. Some nations debate a booster dosage. Even though many African countries’ healthcare professionals have not been completely vaccinated, booster injections have begun to be given to patients with weakened immune systems in Israel.

In comparison, booster shots have been ruled out in the United States for the time being. With vaccine shortages reported in many Indian states. Even among the vaccinated, rigorous adherence to COVID-appropriate behaviour is the only option to postpone and mitigate the consequences of a third wave.

This spring, India and Latin America have seen a significant drop in new cases in the hardest-hit areas of the world. But the global numbers continue to grow. The Delta variety leads them to well-vaccinated regions such as Western Europe and the United States, low but rising infections. This spring, India and Latin America have seen a significant drop in new cases in the hardest-hit areas of the world. Vaccine doses have been given to over 4 billion individuals globally (52 for every 100 people), yet the discrepancy is striking. More than 80% of the population had at least one shot in some wealthy nations. In contrast, the proportion is as low as 1% in many of the poorest.

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