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‘Economic reforms’ is a work-in-progress : Pranab Mukherjee

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“Our institutions of democracy are under stress. The Parliament has been converted into an arena of combat rather than debate.”

Parliament has been converted into an arena of combat rather than debate, President Pranab Mukherjee said on Friday observing that institutions of democracy are under stress and “correctives must come from within”.

In comments that come against the backdrop of a washed-out Monsoon session of Parliament, he said, “If the institutions of democracy are under pressure, it is time for serious thinking by people and their parties”.

Addressing the nation on the eve of 69th Independence Day, Mr Mukherjee expressed concern over the apparent fractious politics and Parliament when he said “the roots (of vibrant democracy) are deep but the leaves are beginning to wilt. It is time for renewal.

“If we do not act now, will our successors seven decades hence remember us with the respect and admiration we have for those who shaped the Indian dream in 1947? The answer may not be comfortable but the question has to be asked.”

Asserting that the most precious gift of the Constitution is democracy, the President said, “Our institutions are the infrastructure of this idealism. The finest inheritance needs constant care for preservation.

“Our institutions of democracy are under stress. The Parliament has been converted into an arena of combat rather than debate.”

Referring to social harmony, Mr Mukherjee said Indian democracy is “creative” because it is plural but diversity must be nourished with tolerance and patience.

“Vested interests chip away at social harmony, in an attempt to erode many centuries of secularism. In an age of instant communication through ever-improving technology, we must remain vigilant to ensure that the devious designs of a few never overcome the essential oneness of our people.”

He said the rule of law is sacrosanct for both government and people but society is also protected by something greater than law — humanity.

Quotes of Mahatma

He quoted Mahatma Gandhi “you must not lose faith in humanity. Humanity is an ocean; if a few drops of the ocean are dirty, the ocean does not become dirty”.

The President said a great generation of supreme heroes faced a formidable challenge when ideals and convictions that had held through the travails of an epic struggle against British rule were under strain.

“The sagacity and maturity of that generation saved our ideals from deviation or degeneration under the pressure of emotion, including rage,” he said.

While stating that the country’s rise will be measured by the strength of the values, the President also said it will equally be determined by economic growth and equitable distribution of the nation’s resources.

Economic growth rate

Mr Mukherjee said it is most heartening that despite a dip in last one decade, the growth rate has been recovered to 7.3 per cent in 2014-15 but said the benefits of growth must reach the poorest of the poor much before they land in the bank accounts of the richest of the rich.

“We are an inclusive democracy, and an inclusive economy; there is a place for everyone in the hierarchy of wealth. But the first call goes to those who suffer on the brink of deprivation. Our policies must be geared to meet the ‘Zero Hunger’ challenge in a foreseeable future,” he said.

“Our economy promises much hope for the future. The new chapters of the ‘India Story’ are waiting to be written. ‘Economic reforms’ is a work-in-progress,” the President said.

Recalls guru-shishya parampara

The President said a nation which forgets the idealism of its past loses something vital from its future. Our educational institutions multiply as the aspirations of generations continue to exceed supply.

“But what has happened to quality, from base to apex? We recall the guru-shishya parampara with legitimate pride; why then have we abandoned the care, devotion and commitment that is at the heart of this relationship? A guru much like the soft and skilful hands of a potter, moulds the destiny of shishya.

“The student with devotion and humility acknowledges the debt of the teacher. Society respects and recognises the merit and scholarship of the teacher. Is that happening in our education system today? Students, teachers and authorities must pause and introspect,” he said.

On environmental degradation

Referring to concerns over environmental degradation, Mr Mukherjee said the symbiotic relationship between man and nature has to be preserved.

“A generous nature when violated can turn into a destructive force leading to calamities resulting in huge loss of life and property.

“Even as I speak, large parts of the nation are barely recovering from floods. We need immediate relief for the afflicted as well as long-term solutions for the management of both, water deficiency and excess,” he said.

Source: PTI

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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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Hollywood

Keanu Reeves Returns with “The Matrix Resurrection”

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Matrix Resurrections 2021 | News Aur Chai

The expectation of the unexpected fourth instalment of The Matrix Resurrections in the sci-fi establishment has started with another banner prodding the arrival of its first trailer.

The film Matrix 4 comes out 18-years after The Matrix Revolutions. It is planning to be the last film in a trilogy reporting the transformation of Computer programmer Thomas Anderson into cybercriminal Neo. As he finds the conventional world, he occupies a recreated reality.

Loosening up the expectation, with a special promotional. It highlights red and blue pills sit next to each other underneath the clear message: ‘The Choice is yours.’ Fans of the famous establishment will perceive the pills as a definitive choice given to Neo, played by Keanu Reeves, as he picks between life in the conflict assaulted real world or the ‘beautiful prison’ of a substitute reality. Penetrating static fills in as the scenery, as small strings of Matrix code has seen falling inside the pills before the whole scene liquefies.

Fans can proceed with their adventure on WhatIsTheMatrix.com, an intelligent pick your-own-experience style site. Given a similar decision there, red brings you down a rabbit hole where you’re told: ‘This is the moment for you to show us what’s real.’ Then scenes from the film teaser, showing the slight hindrance between the natural world and the fake world known as The Matrix. One of the Best Scenes is Reeves’ Neo gulping a blue pill while a lot more seasoned, a balder man shows up in his appearance.

The scenes reviewed rely upon which pill selection and each emphasis on the decision made. The Red Pill requests that the watcher go further into the reality behind the Matrix. While the Blue Pill cautions them to avoid it again so as not to agitate the norm and welcome undesirable risk.

Still, the viewer’s decision makes, in any case, every secret seems to end with a brief look at Keanu Reeves as Neo, with different eyes. He either collaborates with characters who could be his partners in the film or plans to fight against its expected scalawags, be they Agents, pernicious projects, or even people.

The person who clicks on the blue pill will hear Harris’s voiceover saying: “You’ve lost your capacity to discern reality from fiction.” Before encouraging the viewer to embrace that their situation is genuine. At the current time, streaks on the screen, and Harris peruses it, saying, “anything else is your mind playing tricks on you.” By contrast, ones’ who click on the red pill hear Abdul-Mateen’s voice revealing to them that while they trust it’s the current time — once more. With Abdul-Mateen perusing the time out loud — “that couldn’t be further from the truth.” Regardless, a progression of quick-cut shots from “Revivals” streaks on the screen during the two situations. As each time a viewer taps on a pill, the recording changes.

‘This could be this is the first day of the rest of your life, but if you want it, you gotta fight for it.’ The portrayal wraps while showing star Keanu Reeves prepared to battle. Then, at that point, finishing on a vile note, they show somebody contacting the PC port at the rear of their head and inquire: ‘We don’t want anyone to get hurt, do we?’

From visionary movie producer Lana Wachowski. The new film reunites unique stars Keanu Reeves and Carrie-Anne Moss as Neo and Trinity, the infamous roles they made well known.’ The first Matrix film in 1999 met with much essential acclaim upon its introduction. The element is following up by two other movies, which were both delivered in 2003. Warner Bros. uncovered the title for the fourth Matrix film during its CinemaCon board. The Matrix Resurrections will release on December 22, 2021.

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