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Implications of Iranian Presidential Elections on India-Iran Relations

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Iran sets presidential election

On 19th May 2017 Iranians went to the polling stations to vote for their new President. With a large turn-out of almost 70 percent of the nation’s population casting their votes, President Hassan Rouhani was re-elected for a second term. Mr. Rouhani received nearly 23 million of the votes while his opponent Ebrahim Raisi (a hardliner and conservative) bagged 15.7 million votes. It was a crystal clear victory for Mr. Rouhani and his vision of a moderate and modern Iran.

A vast chunk of his votes came from the urban middle classes, especially the educated youth. Rouhani was instrumental in opening up Iran to the world after years of sanctions imposed isolation with the signing of the nuclear agreement with the USA and other major powers in 2015. In return for the lifting of economic sanctions, Iran agreed to curb its nuclear programme on the basis of certain terms. The removal of these sanctions was foreseen as an automatic precursor to the rapid economic growth and revival of the Islamic nation.

Iran Election 2017

Source: BBC

Rouhani had also promised other economic reforms that aided in his rise to power in 2013. However, the economy has remained stagnant despite major natural oil reserves because Iran lacks the new technology to utilize its resources effectively.

President Rouhani faces several challenges in his second term. Many are in-situ stemming from Iran’s quasi-democratic system, whereby actual power resides in the hands of the Supreme Leader, Ayatollah Khamenei. Mr. Rouhani faces opposition from American President Donald Trump who is hell-bent on revoking the nuclear agreement that was signed by his predecessor. Although no concrete steps in that direction have been taken yet, Trump has accused Iran of “fuelling the fires” in the Middle East.

Election In Iran

Source: Google Images

Iran is seen as the source of all evil that triumphs in the Middle East today, especially the nuisance created by the terror group Islamic State (ISIS). With respect to the European Union, relationships are on the path of the amendment.

India and Iran, on the other hand, have had an equitable relationship with long-term cultural, historical and commercial ties. Major developments in Iran can have serious repercussions in India. India was on the side of the United States in the dispute over Iran’s nuclear programme. However, both nations eased their relationship and soon after the lifting of the sanctions Iran became India’s third largest supplier of crude oil, by doubling its exports.

The Farzad B oil field in the Persian Gulf has been reserved exclusively for Indian investments despite many international companies queuing up for investments in Iran. India’s geographical proximity to Iran is a factor that must be kept in mind. It facilitates connectivity through Iran’s Chabahar Port which surpasses Pakistani territory. India is expected to become the world’s second largest consumer of hydrocarbons in the near-future and this natural, physical proximity to Iran’s oil fields will supplement India’s growing demands.

In 2016, Indian Prime Minister Narendra Modi had visited Tehran. He had then signed a $500 million agreement with Iran to develop the Chabahar port.

Iran and India

Source: Google Images

With Iran slowly diversifying its economy away from oil imports, India can serve as a model for its development. India’s private sector, banks and MNCs can provide Iran with necessary technology and aid. Iranian youth can learn much from India’s IT and pharmaceutical firms. While Tehran and New Delhi seek co-operation in more and more sectors, they need to be wary of the existing status quo in the region.

India pursues stable relations with Iran as a means of balancing the rise of China and increasing stability in Central Asia. India-Iran relations are also a source of worry for Pakistan. Iran must strike the right cord so as not to alienate Pakistan, which is a Sunni Muslim-majority country with a large Shia population sharing Iran’s borders. Both India and Pakistan are crucial stakeholders in energy co-operation with Iran. New Delhi must also keep in mind the increasing friction between Iran and the US, which earlier has compelled India to relinquish its obligations to Iran.

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I am a twenty-one year student pursuing MA. My interests include reading, writing, learning new languages and socializing with like-minded individuals. As I am a polyglot, I speak English, Hindi, Marathi, Spanish and French. I am enthusiastic about global cultures and keenly follow international affairs. I enjoy reading literature and graphic novels. I am an ardent fan of chocolates, cats and adult colouring books. I believe in gender equality and equal rights as well as treatment for the LGBTQ community.

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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