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Winds of Change in Turkey

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Change in Turkey

In the May of 2016, Ahmet Davutoğlu, the then prime minister of Turkey announced his resignation. In the June 2015 national elections, none of the political parties were able to win a majority resulting in a hung parliament and also witnessed the parliamentary debut of the HDP, a pro-Kurdish political party. But the November 2015 snap election saw the AKP party or Davutoğlu’s party winning the majority and coming back to power. The HDP was completely deprived of their seats after rising tensions between the Turkish government and Kurdish nationalists and militants. But one agenda that remained a constant in the background was the call for a transition of the Turkish executive from a Parliamentary system to a Presidential system. How will Turkey change after this?

Before trying to understand the constitutional amendment draft that had recently been approved by a majority of the Turkish parliament, it is very important to know the main players in this game. We have the ruling conservative Justice and Development Party (Adalet ve Kalkınma Partisi/AKP), the far-right Nationalist Movement Party (Milliyetçi Hareket Partisi/MHP), the main opposition Republican People’s Party (Cumhuriyet Halk Partisi/CHP) and the pro-Kurdish Peoples’ Democratic Party (Halkların Demokratik Partisi/HDP).

The vote for the constitutional amendment is supported by the ruling AKP and the MHP in Parliament. The CHP, which is the main opposition and the HDP do not support the amendments proposed and have actually come up with their own versions of the amendment drafts. If one puts together the number of seats the AKP and MHP have in the Turkish Parliament, it was just enough for the draft to be deemed approved by the legislature, even with significant opposition. What exactly are the amendments proposed?

The seat of the Turkish President is very similar to that of the Indian President meaning it is nominal. It is the Prime Minister who is the real head of the state and along with his council of ministers practically run the state. Largely perceived as a move by the current President and a former Prime Minister himself, Recep Tayyip Erdoğan to consolidate his power and influence in Turkish affairs, the amendments propose abolishing the seat of the Prime Minister. Instead, the powers will now be with the President who will also appoint Vice Presidents and Ministers. Presidential elections will be held along with Parliamentary elections every 5 years. A President will not be allowed to run for a third term meaning he can hold office only twice.

Unlike the current system, the President now can not only continue his association with a political party but also hold party leadership and even choose candidates during the Parliamentary elections. He will now hold powers to declare emergencies and issue decrees. The President will also cease being accountable to the Parliament meaning the Parliament can request for a discussion or submit questions with reference to an action or potential policy but cannot move a no-confident vote or motion against him in case of disapproval. The impeachment process has been laid out separately. But, the President is criminally liable.

With the parliament giving its approval to this constitutional amendment, Turkey is scheduled to vote in a referendum on the 9th of April making things clearer and deciding if they want their country to undergo this drastic change. When asked ordinary Turks, they either decide to reserve their position or state they are waiting for the campaigns to shape up for them to decide on the basis of the pros and cons. Ultimately, everybody is looking at supporting a stand which would eventually contribute to a greater, stronger & mightier Turkey.

The “Evet” or Yes campaign is looking at capitalising the nationalist sentiments that hit new highs after the 15th July military coup and also the personality cult of President Erdoğan. Meanwhile, the “Hayır” or No campaign is looking at sticking to the system and ideals left behind by Atatürk or the Father of the Nation and also are looking at decentralisation of powers along with the continued presence of greater democratic ideals.

The primary reason behind Davutoğlu’s resignation was widely believed to be a need for him to grow more and more submissive under a much more dominant Erdoğan. The appointment of the current Prime Minister Binali Yıldırım was understood to be an indication that the President now wants to run the show all by himself meaning he wanted the agenda of the constitutional amendment to get cleared without the slightest opposition even from his own party. At a time when Turkey’s integrity is being held at stake with fragile borders, gradually failing accession talks with the EU, relations with the US hitting an all-time low, the growing refugee crisis and internal militancy, this amendment is supposedly focusing on replacing years of failed, weak and broken coalition governments with one strong, consolidated powerhouse. Keeping in mind the supremely crucial role Turkey plays not only in regional but also global geopolitics, it is imperative for the world to wait for the outcome of the referendum and the potential changes in the nature of this country’s functioning.

Motor Mouth. Language Enthusiast. Lover of the Middle East & Turkey. Foreign policy & politics aficionado.

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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