Is BTST completely dead?

I read a message that says that if I buy a stock today I will able to sell it only after 2 days, i.e. not the next day. Unless it is credited in the CDSL.

Is this true ? Why is this implemented ?
Does it have any significance ? Why are the respective authority implementing meaningless rules that affect us ?

There is multiple posts today on this fake news. Please see previous posts for response

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This is fake ? oh, sorry I did not know that,