Bihar’s huge gain, Maharashtra’s pause

Shadow cast over the national trajectories of several heavyweights including Fadnavis Mumbai: The sudden appointment of Nitin Nabin as the BJP’s national Working National President on December 14, 2025, has done more than just fill a leadership vacuum; it has recalibrated the internal power dynamics of the ruling party. While the 45-year-old Bihar minister’s elevation is being hailed as a masterstroke in generational transition, it has simultaneously cast a shadow over the national...

min read

Shadow cast over the national trajectories of several heavyweights including Fadnavis Mumbai: The sudden appointment of Nitin Nabin as the BJP’s national Working National President on December 14, 2025, has done more than just fill a leadership vacuum; it has recalibrated the internal power dynamics of the ruling party. While the 45-year-old Bihar minister’s elevation is being hailed as a masterstroke in generational transition, it has simultaneously cast a shadow over the national trajectories of several heavyweights, most notably from Maharashtra. Nabin, a five-term MLA and a seasoned organisational hand, represents the “new guard” that Prime Minister Narendra Modi and Home Minister Amit Shah have spent years cultivating. By choosing a leader from Bihar—a state where the BJP is looking to fill a leadership void as ally Nitish Kumar nears the twilight of his career—the high command has signaled that the path to the top is reserved for those under 55 with deep grassroots roots. However, this “Bihar first” strategy has created an unexpected bottleneck for Maharashtra’s most prominent national aspirants. Block Fadnavis Chief Minister Devendra Fadnavis has long been the subject of “Delhi-bound” rumours. Despite his public assertions that he will remain in Maharashtra until 2029, insiders suggest his national ambitions were a poorly kept secret. Nabin’s appointment complicates this path significantly. At 55, Fadnavis is ten years Nabin’s senior. With Nabin now positioned to transition into the full-time President role by early 2026, the organisational “Top Spot” is effectively occupied for the foreseeable future. For Fadnavis, entering the national arena now means competing in a space where the leadership has already signaled a preference for younger, non-entrenched faces. “The appointment of a 45-year-old sends a message that the party isn’t just looking for experience; it’s looking for a long political runway,” noted a senior BJP strategist. Another senior BJP leader from Bihar highlighted the “Low Key” factor that might have helped Nabin in being elevated to the top slot. Another analyst said that the appointment of Nabin also suggests that the BJP leadership is unlikely to pay heed to the insistence from the RSS while devising the succession strategy within the party and in the government. This factor too goes against Fadnavis, the analyst feels. Waiting Game Another leader feeling the squeeze is BJP National General Secretary Vinod Tawde. Known as a prolific “troubleshooter” in Delhi, speculation was rife that a cabinet reshuffle would see Tawde move from the organisation to a ministerial post. Instead, the elevation of a younger leader to the Working Presidency suggests the “organisational refresh” may keep current secretaries in their administrative roles longer than anticipated. For Tawde, who successfully navigated from state-level sidelines to national relevance, the prospect of a high-profile cabinet berth now appears to be a “distant dream” in the current reshuffle cycle. The “Nabin Era” marks a departure from the traditional seniority-based hierarchy. Those hailing the feat as a masterstroke say that the BJP leadership has achieved multiple goals like neutralising factions and forced recalibration by promoting a leader who was not on the typical media “shortlist”. In Nabin’s appointment the BJP central leadership has bypassed the traditional power centers of Maharashtra and Uttar Pradesh and pushed leaders like Fadnavis and Tawde to double down on their current roles rather than looking toward the capital, they say. As the party prepares for its plenary session in January 2026, the message to the rank and file is clear that the national arena is no longer a natural progression for state stalwarts, but a field of high-stakes, unpredictable selection.

India bears the brunt: Nifty crashes 1,100, Sensex nosedives 3,900 points after US trade shock

Correspondent
Apr 7
2 min read

India woke up to a financial jolt this morning as its equity markets suffered their steepest fall in nearly a year, shaken by the ripple effects of US President Donald Trump’s aggressive new tariff regime. The Sensex plunged over 3,900 points at opening bell, while the Nifty tumbled more than 1,100 points, dragging Indian stocks to a 10-month low.

This sharp decline follows a global equity rout triggered by Trump's protectionist measures, which have sent panic waves across Asia and raised the spectre of a global recession. Investors dumped shares in a massive sell-off, with Indian benchmarks reacting sharply in early trade. The Sensex dropped to 71,425.01 — down 3,939.68 points — while Nifty slipped to 21,743.65, marking a 3.5% slide from the last session.

Adding to the pressure, the Indian rupee depreciated 30 paise to open at 85.74 against the US dollar.

India Among the Hardest Hit

Trump’s latest tariff hike — framed as a push to restore fairness to global trade — has imposed country-specific duties that go as high as 50%. India has been slapped with a 26% tariff, while a 10% baseline duty applies to all nations. This has set alarm bells ringing among Indian exporters and traders already struggling with global demand volatility.

President Trump, unfazed by the financial carnage, likened the move to a bitter but necessary cure. “Sometimes you need the medicine to fix something,” he told reporters earlier today.

Analysts Urge Economic Safeguards

Market experts believe that India's current market turmoil isn't rooted in domestic issues but is rather a consequence of being tightly woven into global investment flows.

“India will face the heat, not due to domestic reasons, but as an interlinked chain in the global portfolio flows,” said Ajay Bagga, a noted market expert. “India will need a fiscal, monetary, and reform package to protect the domestic economy from this global economic winter that is threatening to settle in.”

Sunil Gurjar, SEBI-registered research analyst, warned that the Nifty50 index has breached its first support level and is approaching the next. "A further breakdown could worsen the trend and accelerate the fall," he cautioned.

Asian Markets Bleed

The tremors from Trump's announcement were first felt in Asia, with key markets suffering steep losses. China's stock markets fell over 4% amid retaliatory tariffs of 34% against the US. Hong Kong's Hang Seng nosedived more than 10%, while Japan’s Nikkei index fell 6.5% after plunging 8% earlier in the day. Taiwan saw a near-10% collapse, and Singapore dropped over 8%.

Wall Street Braces for Impact

US markets, though yet to open, appear set for a rough start. Futures contracts on the New York Stock Exchange are sharply down, suggesting heavy losses once trading resumes.

Market sentiment globally has turned bearish, with fears of a looming recession taking hold. Stephen Innes of SPI Asset Management described the scene as “free-fall mode,” noting, “Trump’s team isn’t blinking. The tariffs are being treated as a victory lap, not a bargaining chip.”