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By:

Abhijit Mulye

21 August 2024 at 11:29:11 am

Maratha quota stir poised for revival

Manoj Jarange issues August ultimatum as CM cites record certificate distribution Mumbai: Maharashtra is bracing for renewed political turbulence as the Maratha quota agitation threatens to engulf the state once again. Prominent activist Manoj Jarange Patil has sounded a clarion call for a final, decisive protest beginning August 29, marking the third anniversary of the community’s relentless struggle. In stark contrast, Chief Minister Devendra Fadnavis has stepped in to defuse the escalating...

Maratha quota stir poised for revival

Manoj Jarange issues August ultimatum as CM cites record certificate distribution Mumbai: Maharashtra is bracing for renewed political turbulence as the Maratha quota agitation threatens to engulf the state once again. Prominent activist Manoj Jarange Patil has sounded a clarion call for a final, decisive protest beginning August 29, marking the third anniversary of the community’s relentless struggle. In stark contrast, Chief Minister Devendra Fadnavis has stepped in to defuse the escalating tensions, asserting that the government remains highly responsive to the community’s demands and that the pendency of caste certificates is virtually negligible. Addressing a massive press conference at Antarwali Sarati in the Jalna district of Marathwada, Jarange Patil expressed deep frustration with the state administration. He accused the government of deliberately deceiving the Maratha community and employing delaying tactics. According to the activist, the state has discovered approximately 58 lakh Kunbi caste records, yet the administration continues to withhold vital Kunbi certificates from eligible Maratha community members. Issuing a stern ultimatum, he demanded that caste certificates based on the Hyderabad gazette be issued to all rightful beneficiaries by August 28. Failing this, he warned, a massive mobilization will commence from every village across the state starting August 19. He passionately stated that the community has been sacrificing its blood for the youth for three years and will not back down until the issue reaches a logical conclusion. Robust Defence Countering these allegations, CM Fadnavis presented a robust defence of the Mahayuti government’s track record while speaking to the media in Nagpur. He emphasised that caste certificates are processed and issued promptly upon request. He firmly stated that everyone who has applied for a caste certificate has received it, adding that the number of pending cases is exceedingly low. Fadnavis dismissed the notion that certificates are being arbitrarily denied, reinforcing that the current administration has made and executed more pro-Maratha decisions than any previous government. He maintained a conciliatory tone, noting that the administration remains open to dialogue and is willing to find constructive solutions if any genuine grievances persist. Progress Report The state government’s claims are corroborated by the latest progress report from the Justice Sandeep Shinde committee, which was established to oversee the distribution of Maratha-Kunbi, Kunbi-Maratha, and Kunbi certificates. As of July 27, 2026, the data from the Divisional Commissionerate in Chhatrapati Sambhajinagar paints a picture of swift administrative action in Marathwada. Out of a total of 311,609 applications received, a staggering 311,033 applicants have been successfully issued Kunbi certificates. Only 515 applications faced rejection, while a mere 61 remain pending across the division. Furthermore, officials noted that 72,012 certificates have been distributed in the region from September 2025 to the present date. A district-wise analysis of the Marathwada region highlights this extensive distribution network. In Beed district, the administration achieved a near-perfect clearance rate, distributing 206,789 certificates against 206,799 applications, with zero pending files currently. Chhatrapati Sambhajinagar saw 25,211 certificates issued from 25,295 applications, leaving only 15 pending. Similarly, Jalna district processed 18,128 applications to distribute 18,053 certificates, with just 13 awaiting approval. Parbhani and Hingoli districts reported the distribution of 20,832 and 13,286 certificates, respectively, with negligible pendency. Nanded district cleared all its 4,841 applications with no backlog, while Latur and Dharashiv districts successfully distributed 2,751 and 19,281 certificates, respectively. Demands’ Charter Despite these administrative milestones, Jarange Patil has expanded his charter of demands, intensifying his critique of the state’s welfare mechanisms. He has now called for the creation of a dedicated Maratha welfare department, questioning why the Maratha community cannot have a separate ministry similar to the one existing for OBCs. He alleged that nine ministers in the current coalition are actively opposing this proposal, threatening to expose their names during the mega rally on August 29. Furthermore, he lashed out at the government over the systemic failure in implementing existing welfare schemes. He claimed that despite official resolutions granting Maratha students parity with OBC students, educational institutions are not enforcing these benefits at the school and college levels. He also accused the state of shutting down initiatives under the Sarathi institute and noted that flawed loan processes under the Annasaheb Patil Corporation are turning into bad debts, effectively ruining the CIBIL scores of young entrepreneurs. Capping off his grievances, Jarange Patil alleged a discriminatory bias in government recruitment, questioning the state administration over what he termed an “apartheid” against Maratha candidates.

How wealth creation is beyond chasing returns

When we talk about personal finance and investing, most conversations revolve around returns. How much did an investment make last year? Which asset is performing best right now? But seasoned investors know that wealth creation is not just about chasing returns. It is equally about understanding risks, especially the ones that quietly derail long-term financial goals.


Whenever you invest in any product or asset class, there are three important risks you must analyse before committing your money.


The Risk of Temporary Volatility

The first and most visible risk is temporary volatility. This refers to short-term fluctuations in the value of an investment. Assets like equities, equity mutual funds, gold, and real estate can move up and down over short periods. Prices may rise, fall, recover, and remain volatile for some time.


This volatility often creates anxiety because losses appear on paper, even though nothing permanent has happened. Importantly, temporary volatility does not mean the investment is bad. It simply reflects market cycles or short-term sentiment.


What investors must understand is that temporary volatility is largely outside their control. Reacting emotionally to these movements often leads to poor decisions, such as exiting good investments at the wrong time or losing out completely on eventual opportunity gains.


The Risk of Permanent Loss of Capital

The second risk is far more serious - the risk of permanent loss of capital. This occurs when there is a possibility that you may lose a part of your capital or, in extreme cases, the entire amount permanently.


Examples include speculative options buying, investing in junk stocks based on tips, or investing in real estate with questionable legal titles or assets that eventually find no buyers and become highly illiquid. In such cases, the money does not recover with time. Once lost, it is lost for good.


Before investing, it is critical to ask a simple question. Is there a scenario where my capital can be permanently destroyed? If the answer is yes, that investment demands far higher scrutiny and strong risk control.


The Risk of Not Beating Inflation

The third risk is extremely critical and most ignored - the risk of not beating inflation. Inflation quietly erodes purchasing power over time. If your investments do not grow faster than inflation, your wealth may increase in numbers but decline in real value.


Many so-called safe investments fail this test. While they may protect capital, they may not help you achieve long-term goals such as retirement, children's education, or financial freedom.


This risk is often ignored because it does not show up immediately. But over long periods, it can significantly reduce your probability of achieving financial goals.


Where Should Investors Focus?

Temporary volatility will always exist and should not be the primary concern. Instead, investors should focus on avoiding permanent loss of capital and ensuring their investments beat inflation over the long term.


Successful wealth creation is not about eliminating risk completely. It is about choosing the right risks and avoiding the wrong ones.


(The author is a Chartered Accountant and CFA (USA). Financial Advisor.  Views personal. He could be reached on 9833133605.)

 


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