The cyclone season has intensified over the North Indian Ocean. Another low-pressure system, forming over the Bay of Bengal, is set to morph into a cyclone by the end of next week. This comes less than a week after Cyclone Tauktae decimated the West Coast of India. The storm is set to hit the coast of West-Bengal and Odisha the hardest. Both states have begun initiating disaster management protocols for the impending cyclone.
The Indian Meteorological Department (IMD) said on Thursday that the cyclone is expected to make landfall across the coast of West Bengal and Orissa on the morning of May 26. Early forecasts revealed that the low-pressure area is likely to be formed over the North Andaman Sea and its adjoining East-Central Bay of Bengal area on May 22.
The low-pressure system is likely to escalate into a depression by May 23 and a cyclonic storm by May 24. This was speculated by RK Jenamani, a senior scientist at the National Weather Forecasting Centre, IMD on Wednesday. Once the storm intensifies into a cyclone, it will be named ‘Yaas’ as per the naming guidelines by the World Meteorological Organisation (WMO).
Both the states are expected to receive heavy rainfall between May 22-26. The cyclone is likely to trigger coastal flooding and a storm surge. However, its intensity is predicted to be far less than that of Cyclone Amphan – which resulted in 128 death and loss of infrastructure worth 1 lakh crores. The low pressure will potentially cause moderate rainfall across the Andaman and Nicobar Islands, expected to be isolated over the weekend.
Warnings have been issued across districts in both states with a few areas being put on red alert. The IMD said that the waters are expected to be boisterous over the Andaman sea and the east-central Bay of Bengal on May 23. A warning has been issued to fishermen in the deep-sea to return to the coast by May 23. The IMD advised them to not venture into the central Bay of Bengal between May 23-25. The northern area of the Bay and off the coast of Odisha are also off-limits between May 24-27.
The coastal area of both states is most likely to face the brunt of the rainfall as the storm makes landfall. The IMD has forecasted that the coasts of Odisha, West Bengal, and Bangladesh are likely to experience ferocious wind speeds of over 60k/m per hour from Tuesday, May 25. The cyclone is also expected to trigger Thunderstorms in Kolkata.
With the low-pressure system still under formation, the accurate track and the potential landfall region are difficult to determine. Forecasts suggest that the peak intensity of the storm will likely be a Very Severe Cyclonic Storm. It is expected to produce maximum wind speeds of up to 130k/m per hour on the West Bengal coast on May 26.
Both West Bengal and Odisha have begun ramping up infrastructure around the coastal areas of their respective regions. On Friday, Odisha’s Special Relief Commissioner (SRC), Pradeep Jena, held a meeting with the secretaries of all departments of the state government and officials of the IMD to ensure preparedness. All the departments under the state Government have been asked to stay prepared to face an impending crisis.
Meanwhile, West Bengal is planning to increase the number of disaster shelters in its southern districts. These districts are likely to face the storm at its most violent. West Bengal is currently overwhelmed by an exponential surge in Covid-19 cases. Some of the areas with a high case burden are expected to be left devastated by the cyclone. The state and district level bodies have met several times since Wednesday to discuss the actions to be taken in the wake of Cyclone ‘Yaas’.
Senior officials of the districts facing a high burden of Covid-19 cases have been put on alert. During an emergency meeting, Chief Minister Mamata Banerjee asked the district officials to carry out evacuation procedures in line with Covid-19 prevention protocols. The Chief Minister told the officials to ensure the use of masks and sanitizers and to keep the shelters sanitized. The disaster shelters are also equipped with oxygen and medical support.
On Friday, the centre, too, issued guidelines to bolster health infrastructure across the east coast. The Government warned that the ongoing Covid-19 crisis may aggravate in the aftermath of the cyclone. Camps and shelters will become more prone to waterborne, airborne, and vector-borne diseases.
The centre has asked the states of Andhra Pradesh, Odisha, Tamil Nadu, West Bengal, and the administrator of Andaman and Nicobar Islands to follow the guidelines issued by the IMD. They also promised to extend all the support required to manage the situation.
The months of April and May usually witness the formation of cyclones, in both the eastern as well as western coasts. Last year, the coasts witnessed two decimating cyclones – Amphan and Nisarga – which had a lasting impact on the population. Although an Amphan-like intensity is not expected, Sunitha Devi, a cyclone specialist at IMD, did not rule out “Cyclone Amphan-like intensification”. She, however, added that the speed at which the system is moving would restrict potential aggravation.
The cyclone may also advance towards the Sunderbans in Bangladesh, although it is too early to confirm. The Sunderbans has witnessed devastating cyclones – Aila (2009), Bulbul (2019), and Amphan (2020) – that have harshly impacted the region.
Ram Mandir Opening For “Darshan” In 2023
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”.
Completion of entire Ram Temple complex in Ayodhya is expected by the year 2025; A museum, digital archives and a research centre also to come up in the temple complex: Sources
— ANI UP (@ANINewsUP) August 4, 2021
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.
Ram Temple in Ayodhya will be ready in a year or two. Delhi government has decided to take senior citizens to Ayodhya for Ram Lalla's darshan with travel, accommodation, and food expenses to be borne by us: Delhi CM Arvind Kejriwal pic.twitter.com/MDGeP0k613
— ANI (@ANI) March 14, 2021
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.
How SEBI’s New Margin Rule Is Affecting Retail Traders?
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.
Escalation Of COVID-19 Cases Across The Globe
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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