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Uttarakhand Gets Third CM In Four Months



Uttarakhand CM II News Aur Chai

On the 4th of July, Tirath Singh Rawat resigned from his post as the 9th Chief Minister of Uttarakhand. Pushkar Singh Dhami, a senior BJP leader from Kumaon part of Uttarakhand, was sworn in. This is the third Chief Ministerial change in the hill state of Uttarakhand, which the government of Bhartiya Janata Party rules.

Earlier this year, Trivendra Singh Rawat resigned from his post as the 8th Chief Minister of Uttarakhand after multiple accusations of corruption, state mismanagement and repeated complaints by the Vishwa Hindu Parishad (VHP), a scion of Rashtriya Svayamsevak Sangh (RSS). He was succeeded by Tirath Singh Rawat, who resigned on Sunday.

The curse of Uttarakhand and Trivendra Singh Rawat

Since its inception in 2001, Uttarakhand has been administered by 9 Chief Ministers, of which only one has completed a full 5-year term. The first elected Chief Minister of Uttarakhand, Congress member N.D. Tiwari was the only politician to serve full time in office. Since then, no CM has completed a full term, either from BJP or from Congress.

Since 2001, Trivendra Singh Rawat became the longest-serving Chief Minister of Uttarakhand, just shy of a full three years. With the record of being the most stable CM in the past 20 years, he too was asked to step down after a series of political debacles.

Trivendra Singh Rawat’s decision to place 51 shrines under the management of the State Government, as per the Char Dham Devasthanam Management Bill, upset members of VHP as it side-lined the current managers of these shrines.

In addition to this, his decision to create a Gairsain Commissionerate politically hurt BJP. The formation of the commissionerate resulted in a reduced vote bank for BJP from Garhwal, which has historically sided with BJP. This redesigning would lead to Kumaon gaining key districts from Kedarnath and Badrinath that could leave BJP yearning for political elixir.

While this resulted in a disorganised State Unit, Tirath Singh Rawat was called upon by the High Command to unify a state in tatters.

Tirath Singh Rawat’s short, controversial journey

Tirath Singh Rawat has always had a front-row seat in Uttarakhand Politics. He was part of Nityanand Swami’s cabinet, the first government to rule the newly formed state of Uttarakhand.

Since then, he has had multiple roles ranging from being the state president of BJP from 2013-15 to an elected Member of Legislative Assembly (MLA) in 2012. He was also elected a Member of Parliament (MP) from Garhwal Constituency in 2019 before swearing-in as the 9th Chief Minister of Uttarakhand.

His short stint of 4 months as the CM was marred with controversies. He was criticised multiple times for having rudimentary views about Women clothing to equating Prime Minister Modi as an ‘Avatar of Lord Rama’. He also wrongfully confused the United States of America (USA) with the United Kingdom for colonising India while remarking about India’s performance in COVID management.

His resignation, however, had nothing to do with his statements. The constitution of India granted him six months from the day of oath to get elected as an MLA of the Uttarakhand Legislative Assembly. He would then be asked to forfeit his post as an MP.

However, due to the COVID-19 Pandemic, The Election Commission decided to defer by-polls. He could not get elected as an MLA in the stipulated time. He also failed to run for Almorah’s Sult seat in April as he was diagnosed with COVID-19.

Therefore, he decided to resign from his post as the Chief Minister. He handed over his duties to Pushkar Singh Dhami, a Kumaoni MLA.

BJP tries to play nice with Kumaon

Dhami is the youngest Chief Minister to have sworn in as the Chief Minister of Uttarakhand. As a leader with a relatively unknown alibi, Dhami’s appointment is as conspicuous as it gets.

In the past, BJP has continued to reward leaders from the Garhwal division. The Garhwal Division, in turn, has successfully and unconditionally supported BJP in State Assembly and General Elections.

While Garhwal has remained loyal to the BJP, the same cannot be said for Kumaon. Moreover, the decision to create a Gairsain Commissionerate (stayed by Tirath Singh Rawat’s administration) had also exposed BJP’s weakness. Therefore it is conjectured that Pushkar Singh Dhami’s selection is an attempt by BJP to balance the voter mathematics.

With elections next year, Dhami’s appointment comes just in time to give BJP a chance at redeeming a historically distant vote bank. However, Uttarakhand’s governance has always suffered due to political ill-will and caste imbalances. In the past year, what has been observed is political kho-kho while the Pandemic erodes us piece by piece.

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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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