‘Vahini’ crowned NCP’s new ‘Maharani’

Mumbai: Damning all political ‘pundits’ and ‘punters’ on the fate of Nationalist Congress Party (NCP) after its President and Deputy CM Ajit Pawar’s numbing death in an air-crash on Jan. 28, his widow Sunetra Ajit Pawar seamlessly bounced into his place, both in the party and the government. Feeling orphaned and rudderless, the top-brass quickly elected Sunetra, 62, a Rajya Sabha Member, as the new NCP President, as the NCP Legislature Party Group Leader and as the Deputy CM of the state –...

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Mumbai: Damning all political ‘pundits’ and ‘punters’ on the fate of Nationalist Congress Party (NCP) after its President and Deputy CM Ajit Pawar’s numbing death in an air-crash on Jan. 28, his widow Sunetra Ajit Pawar seamlessly bounced into his place, both in the party and the government. Feeling orphaned and rudderless, the top-brass quickly elected Sunetra, 62, a Rajya Sabha Member, as the new NCP President, as the NCP Legislature Party Group Leader and as the Deputy CM of the state – making her the first woman to occupy the august post – and ensuring continuity with change. Most political analysts – who crowed of an impending doom for the NCP – were left speechless and breathless at Sunetra’s dramatic catapult into three key positions, wielding full control, barely 72 hours after her husband’s passing. For the soft-spoken Sunetra, these official positions may be new, but she’s hardly naïve and boasts a quiet and commanding profile in public life, in the social and business fields, though she was rarely seen and hardly heard, letting Ajit Pawar bask in the limelight. Political Clan Hailing from a prominent state political clan, her reluctant political journey started in summer-2024 when the NCP fielded her against her ‘nanad’ (and Ajit Pawar’s cousin), Supriya Sule, a three-time veteran MP from the Baramati Lok Sabha constituency. It was intended to score political brownies over the Nationalist Congress Party (SP) of Sharad Pawar after the party he founded 25 years ago suffered a bitter vertical split in July 2023 - that even divided all the people in every home of Baramati. The 2024 Baramati LS contest rivalled that of Prime Minister Narendra Modi (Varanasi), but in the ‘Vahini’ ‘Nanad’ fight, the latter emerged victorious. However, Sunetra Pawar took it in her stride and she became a Rajya Sabha Member in June 2024 – which she quit today after taking over a Dy CM. Both Sunetra and Supriya enjoy cordial relations, both were MPs, both ensured the heat and dust of politics did not affect familial ties – as strictly ensured by Sharad Pawar since the past six decades – and was visible when the entire Pawar clan turned out to support her after Ajit Pawar’s sudden death. Away in Shadows Born in Ter, Dharashiv, Sunetra is the younger sister of former Minister and ex-MP Padamsinh B. Patil, and is a B.Com . Chhatrapati Sambhajinagar, but preferred to stay away in the shadows. Silently working, Sunetra gradually built a public profile rooted in sustainable development, environmental conservation, women’s empowerment and rural transformation. Combining community-based involvement with institutional leadership, she played a significant role in shaping mass rural development models in the state. In 2010, she founded the NGO Environmental Forum of India (EFOI), that focused on environmental awareness and sustainable rural practices, introduced India’s eco-village model, integrating sanitation, renewable energy, waste management, green-bridge technology, solar technology and livelihood generation into rural development. It caught national attention after Katewadi village in Baramati was transformed into the country’s first eco-village in 2008. She led the Nirmal Gram (Clean Village) Campaign through self-help groups across 86 villages in Maharashtra, promoting organic farming, biodiversity conservation, water management and drought mitigation. Over the years, her initiatives bagged her multiple honours like the Sant Gadge Baba Swachata Abhiyan Award, Green Warrior Award, Cyber Gram Award, Nirmal Gram Award presented by then President Pratibha Patil, and recognition at the SACOSAN Summit under SAARC. In 2006, she took over as Chairperson of the Baramati Hi-Tech Textile Park Ltd, a multi-modal garment manufacturing cluster under the Centre’s Scheme for Integrated Textile Parks. Employing over 15,000 rural women, the park provides subsidies, training and skill-upgradation facilities, and ranks as her flagship contribution to women’s empowerment, with widespread recognition. Sunetra is a Trustee of Vidya Pratishthan, the premier educational institution with over 25,000 students, founded in 1972 by Sharad Pawar, and is a member of a Think Tank, the World Entrepreneurship Forum, France, since 2011, and is a Trustee-Advisor to an old age home in Baramati. Sunetra Ajit Pawar – propelled into high-profile duties three days after her husband Ajit Pawar’s death – is usually seen sporting pastel-shaded plain saris of different materials, silks, starched cottons, with light designs, accompanied by matching or colourful or printed blouses. ------------------------------------------------------------------------------------------------------------------------------------ Sunetra Pawar was allotted excise, sports, minority development and Aukaf departments, but not finance and planning which her late husband Ajit Pawar held.

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

Correspondent
Apr 7, 2025
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.”