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Recap of the Main Highlights of 2020

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Recap of main events in 2020

As the rollercoaster year 2020 comes to an end, let us take some time to revisit seven of the eye-catching and mind-boggling events that took place during the year.

The Unexpected Global Pandemic

The pandemic caused by the deadly coronavirus (COVID-19) undoubtedly tops the chart. Lockdowns, quarantines, loss of jobs, high mortality rate and various restrictions created uncertainty about what the future holds in store for the people and the economies. The outbreak originated in Wuhan, a city in China, and rapidly spread to other countries. Reports of the very first COVID-19 cases began in December 2019. The virus’s deadly strain is said to have come from bats, though one study indicates that pangolins may be the origin. The virus is easily transferable, especially from person to person in close communities, and it is the most contagious when a person’s symptoms are at its peak. Another matter of concern has been the transmission of the virus from asymptomatic people. This kind of virus is new, and research is still going on. The COVID-19 cases can cause symptoms which can get severe and then lead to death in some instances. Reports have suggested that the coronavirus is deadlier than influenza. Though preventive measures to contain the spread of the virus remain a challenge, a relief as of now would be the testing of various vaccines, which is slowly but steadily being made available to the countries across the globe.

Peace Deal between Israel and the Gulf countries

Israel was successful in establishing a peace agreement with the following four Arab nations:-

United Arab Emirates (UAE);
1. the Kingdom of Bahrain;
2. the Republic of Sudan and
3. the Kingdom of Morocco.

This is indeed a historic breakthrough in the Middle East, and these were achieved within a couple of months! The decision to move forward with the ‘Abraham Accords’ was reached with Mr Donald Trump’s help, the USA’s 45th President. Trump can indeed leave the office with his head held high, winning over a foreign policy like no other. Donald Trump has accomplished what his predecessors promised, tried and failed at – he got the Peace Deal that they couldn’t. Currently, Saudi Arabia is also in the talks to sign the peace deal with Israel. No wonder this Peace Deal has been named as the ‘Deal of the Century’!

Ethiopian Jews reach Israel: A surprising return indicating Prophetic Times!

Benjamin Netanyahu, the Israeli Prime Minister, said in a statement, “My wife Sarah and I stood there with tears in our eyes at the welcoming, when we see the immigrants, our Ethiopian Jewish brothers, leave the plane…come down and touch the ground, the land of Israel. You waited so long to realise the dream and today it is being realised.” Mossad, the Israeli spy agency, played a vital role in flying the Ethiopian Jews to Israel. These Jews were first brought to Israel from the Sudanese refugee camps in the early 1980s, again by Mossad on the then prime minister’s instructions, Mr. Menachem Begin, followed by a mass airlift in 1991. A 100 more were expected to land in December 2020 and another 1,700 by the end of January 2021. This is all part of a Biblical prophecy stating the return of the Jews to the Holy Land!

The US Presidential Elections: Trump vs Biden

The 2020 US Elections has been one such event which caught the attention of people across the world. The candidates for this election were Mr Donald Trump, the current US President and the Republican party’s representative, and Mr. Joe Biden, the Democrats’ representative. It was a tough competition between the two candidates, of which Mr Joe Biden emerged victorious as the President-Elect in the race towards the White House.

https://twitter.com/realDonaldTrump/status/1344367336715857921?s=20

However, Mr Trump refuses to back down, stating the presidential battle as “Rigged Election!”. He exposed the frauds played in the elections, which he consistently updates in his official social media accounts. As both the candidates stand for policies that are opposites, one can only hope that the right person comes into power at the right time.

The Beirut Explosion

https://twitter.com/Partisangirl/status/1290689018598842368?s=20

The terrifying blast on 04th August 2020 was highly explosive, and its shockwave was felt for miles. Mr. Marwan Abboud, the Mayor of Beirut, painfully compares the disaster to Hiroshima and Nagasaki. Hospitals were overwhelmed, over 100 people have been killed, numerous people have been injured, and various buildings within the city have been destroyed. The same blast was detected in Turkey, Syria, Israel, parts of Europe and Cyprus and had a force equivalent to a 3.5 magnitude earthquake. Mr Hassan Diab, the Prime Minister of Lebanon, said that the major blast at Beirut’s port was caused by the detonation of an estimated 2,750 tons of ammonium nitrate that had been stored in a warehouse at the dock, ever since it was confiscated from a cargo ship in 2014 without any precautionary measures being taken. According to Lebanon’s National News Agency, these explosions were preceded by a warehouse fire at Beirut’s port that contained fireworks. The blast’s impact had hit Beirut’s northern, industrial waterfront, little more than a mile away from the Grand Serail palace, where the Lebanon Prime Minister is based. Various landmarks, including hospitals, churches and universities were nearby.

The United Kingdom (UK) officially exits the European Union (EU)

Great Britain withdrew from the EU on 31st January 2020. Upon ‘Brexit’, Economists expect that Brexit will have a damaging impact on the British economy and the other EU member states’ economies. Studies show that Brexit will likely reduce the British real per capita income in the medium and long term. Further, the studies on the effects since the referendum show a reduction in GDP, trade and investment, and household losses from increased inflation. Disruptions were also expected with this particular move of the UK.

Black Lives’ Matter

This protest took the year by a storm and highly violated the COVID-19 protocol in the initial months of 2020. Though the protest existed in the United States of America (USA) since 2013, it gained momentum after the ‘murder of George Floyd’ at Minneapolis on 25th May 2020. Reports state that over 4,700 demonstrations were carried out in the American streets, on an average of 140 per day, in June 2020. Out of this movement evolved ‘All Lives Matter’. This showcased that high importance is given to every life, even as small as an unborn child. No one has the right to take another’s life, intentionally or unintentionally. Human persecutions and animal cruelty of all sorts are happening in several parts of the world which the media fails to highlight, and hence, we are unaware of the same. We must not fail to remind ourselves that ‘Every life is precious!’

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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