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Political Tug Of War Between Navjot Singh Sidhu And Captain Amarinder



Navjot Sidhu Amarinder II News Aur Chai

On July 18, Navjot Singh Sidhu was promoted as the Punjab Congress Chief, ending the long political struggle between him and Punjab Chief Minister Capt. Amarinder Singh. This development comes in light of the upcoming Punjab State Assembly elections in 2022, after multiple interventions from Sonia Gandhi, Rahul Gandhi and Prashant Kishor.

Capt. Amarinder and Sidhu had locked horns since the 2019 elections when Capt. Amarinder accused Sidhu of poor electoral leadership in the General Assembly elections. The two have always shared a problematic relationship, which was mended repeatedly by the Congress leadership. However, the recent developments about Guru Granth Sahib Desecration case split open old wounds.

The Guru Granth Sahib Desecration

In October 2015, pages of Guru Granth Sahib were torn by protesters in the Faridkot District of Punjab. This incident allegedly involved the Badal family, which was in power in 2015. When Congress came to power in 2017, Capt. Amarinder Singh ordered an inquiry into the desecrations.

However, the inquiry was quashed by Punjab High Court in 2021, and a clean chit was given to the Badals on April 9. Since then, Navjot Singh Sidhu has launched direct attacks aimed at Capt. Amarinder Singh for his failure to conduct a successful inquiry.

His attacks have often included staunch criticisms about the Home Minister, who is Capt. Amarinder Singh himself. He even accused the Congress government of being in bed with the Badals and that Badals were secretly ruling the state government.

Capt. Amarinder Singh also accused Navjot Singh Sidhu of indiscipline and disloyalty towards the party. He claimed that Sidhu wanted to join Aam Aadmi Party (AAP) and was constantly in touch with Arvind Kejriwal. He even dared Sidhu to contest 2022 elections from Patiala, insinuating a one-to-one fight with the ex-cricketer.

The public spat forced the Party High Command to form a three-member panel to resolve the friction in Punjab, which happens to be one of the most vital states for Congress.

Congress Brass intervenes

Observing this friction in Punjab from Delhi, the senior leaders of Congress appointed a three-member panel to hold talks with at least 25 MLAs and Ministers of Punjab. The panel included Harish Rawat, AICC General Secretary in charge of Punjab affairs and Mallikarjun Kharge, former Lok Sabha Leader of Opposition.

While the panel was being constituted, both Sidhu and Capt. Amarinder Singh held meetings with fellow MLAs and supporters to strengthen their base. Sidhu reportedly spoke with supporters at the residence of Sukhjinder Randhawa, Punjab Minister, who has also raised questions on the current government’s failed promises.

Sidhu met Rahul Gandhi and Priyanka Gandhi Vadra on July 1 in New Delhi to present his case about the infighting in Punjab Congress. Post this; Captain Amarinder Singh also met with Rahul Gandhi on July 6. Even Prashant Kishor, who Capt appointed. Singh as his advisor, also reaffirmed the Chief Minister’s stance on the infighting issue.

Congress Chief finally decided to meet Sidhu on July 16 to discuss the mismanagement of the desecration investigations and the political infighting. Speculations also circled about Sidhu’s possible elevation to the post of State unit chief.

On July 18, Navjot Singh Sidhu was appointed as the Punjab Congress Chief, amid reservations expressed by Chief Minister Capt. Amarinder Singh.

What next?

The political friction between Captain Singh and Sidhu has persisted ever since the two started working together. Sidhu and Singh both have never shied away from publicly calling each other out, often stooping to levels beneath the dignity of two mature men.

With Sidhu’s promotion as the Punjab Congress Chief, rumours continue to loom over the power dynamic between Captain and Sidhu. At the same time, the Congress brass has emphasised the leadership of Capt. Amarinder Singh, in the upcoming polls, Navjot Singh Sidhu’s promotion ensures that even Sidhu has a hand on the driving wheel.

Moreover, Sidhu has shown exemplary lobbying skills as he sharpened his knives against Captain Amarinder Singh. He unified scattered troops who were dissatisfied with Captain’s leadership and further ensured that the Congress brass heard him. While he has been taken lightly in the past due to his defections, he has solidified his position as a force to reckon with this time.

As for Captain Singh, his stature has comparatively weakened due to Sidhu’s punches. Sidhu was appointed despite his very public disapproval and reservations. In addition to this, his ministers have shown disregard for his authority and decision-making capabilities. Such attacks have indeed breached the political bunkers of the ex-Military Captain.

What is left of this long, never-ending political brawl is an arranged power nexus that has failed before. Both Singh and Sidhu have tried working together in the past, only to end up bickering like two teenagers vying for attention. Whether Congress has repeated the same mistake or the new arrangement can work will only be seen in 2022 State Assembly elections.

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Ram Mandir Opening For “Darshan” In 2023



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



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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Escalation Of COVID-19 Cases Across The Globe



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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