Armaan gives Jassi the bracelet asking her to give it to Rhea. A very honest approach and Jassi will appreciate his kindness and that hopefully will be the end of that issue.
As we have been seeing so far some tension is created and get resolved in the following episode following the same pattern this is what is going to take place.
As for Armaan and the new monsoon calender girl , i simply think she is going to play the role of Alajendra(of BLF). She would be surely interested in Armaan but our Jassi lorn lover boy shall show nothing beyond casual admiration for her that is also by the virtue of having known her before.
I belive they are trying to jump on and off the BLF track.
Jassi will be surely be jealous but nothing shall happen to threaten her place near armaan. Then Armaan may get jealous of CJ interest in Jassi (if he finds out).
Anyway as long as they show more and more of Armaan and Jassi together (coming closer to each other after every shock) T and d can be assured of our viewership and that will keep our interest pinned to the show.