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By:

Abhijit Mulye

21 August 2024 at 11:29:11 am

From Tears to Tussle

Inside the ruthless succession war for the soul of the NCP Mumbai: In a significant revelation that sheds light on the internal fractures of Maharashtra’s most prominent political dynasty, a senior Nationalist Congress Party (NCP) leader has disclosed that a merger between the two rival factions was nearly finalised following the tragic death of Ajit Pawar, only to be derailed by a bitter battle for leadership. Speaking on the condition of anonymity, the leader revealed that while the state...

From Tears to Tussle

Inside the ruthless succession war for the soul of the NCP Mumbai: In a significant revelation that sheds light on the internal fractures of Maharashtra’s most prominent political dynasty, a senior Nationalist Congress Party (NCP) leader has disclosed that a merger between the two rival factions was nearly finalised following the tragic death of Ajit Pawar, only to be derailed by a bitter battle for leadership. Speaking on the condition of anonymity, the leader revealed that while the state mourned the loss of the Deputy Chief Minister in a plane crash two months ago, a high-stakes power struggle was unfolding behind the scenes, ultimately leading to the “hasty” swearing-in of Sunetra Pawar as his successor. The senior leader’s comments come at a time when the Pawar family and NCP workers have been sharing deeply emotional tributes to mark two months since the January 28 disaster. However, beneath the public display of grief lies a complex story of shifting allegiances. According to the leader, the period immediately following the crash was “extremely fluid”. At the time, Ajit Pawar’s sudden absence had created a vacuum that many believed would naturally be filled by the senior leadership of the NCP-SP faction, including Sharad Pawar and Supriya Sule. “Indeed, there were talks of a merger, and Dada (Ajit Pawar) himself had been involved in those negotiations before the accident,” the leader remarked. However, the dynamics changed rapidly when the Ajit Pawar faction realized that their identity and future could be swallowed whole if they did not act quickly to secure their own leadership. This realization reportedly led to the decision to install Sunetra Pawar as the Deputy Chief Minister just three days after the tragedy. Immediate Stability The move was intended to provide immediate stability and ensure that the leadership remained within Ajit Pawar’s immediate family. A particularly poignant detail revealed by the senior leader was the absence of the Sharad Pawar family at Sunetra Pawar’s swearing-in ceremony at Lok Bhavan on January 31. Despite the best efforts of Ajit’s elder son, Parth Pawar, who was reportedly seen “pursuing and trying to convince” his relatives to attend as a show of family unity, Sharad Pawar, Supriya Sule, and Rohit Pawar remained conspicuous by their absence. “That was very unfortunate and came as a shock to many of us who have spent decades with the family,” the leader stated, adding that this absence signaled the end of the brief window for an easy merger. This political friction stands in stark contrast to the heart-wrenching scenes witnessed during the last rites in Baramati. At the funeral, Supriya Sule was seen breaking down in uncontrollable tears, holding Sunetra Pawar’s hand in a display of what many thought was a permanent reconciliation. Rohit Pawar had also shared a viral social media post expressing his inability to even use the prefix “late” for his uncle, stating that he lacked the courage to see Ajit Pawar’s name written that way and that “Dada” would always live on through his work. However, as the senior leader noted, the narrative shifted dramatically once the Sharad Pawar faction realized that the leadership of the NCP would not be handed to them on a platter. What began as talk of family unity and political merger soon pivoted to a darker narrative. Rohit Pawar recently filed a “Zero FIR” in Bengaluru, alleging a “larger criminal conspiracy” behind the plane crash, citing technical lapses and suspicious flight data. This move is seen by many in the NCP as a strategic shift to delegitimize the current leadership and keep the pressure on the Mahayuti government. Undisputed Leader For now, the senior leader remains firm: Sunetra Pawar is the undisputed leader of the NCP, and any future talks of a merger must be conducted on her terms. “If anyone seeks a merger now, they will have to talk to her. She is our leader, and she will take the final call,” the leader concluded, indicating that while the doors for dialogue are not entirely closed, the “natural” transition the other faction expected has been firmly blocked by the rise of Maharashtra’s first woman Deputy Chief Minister. Moving tribute to Ajit Pawar On Saturday, marking exactly two months since the tragic passing of Deputy Chief Minister Ajit Pawar in a plane crash, his family members shared moving tributes reflecting on his legacy and the void left by his absence. Sunetra Pawar, who recently stepped into the role of Deputy Chief Minister to carry forward her husband’s work, shared a deeply emotional message on social media. She expressed that while two months have passed, the pain of the loss remains as fresh as the day of the accident. Describing Ajit Pawar as her constant “guiding beacon,” she noted that the passage of time has not diminished his presence in her thoughts. She reaffirmed her solemn commitment to fulfilling his unfulfilled dreams for the development of Maharashtra, particularly for farmers and the youth, while drawing strength from his disciplined and dedicated style of functioning to navigate her new responsibilities. NCP (SP) leader Supriya Sule paid tribute to her “Dada” by emphasising the need for truth and justice. In her reflections, she described him as a pillar of the family whose sudden departure has left everyone devastated. Beyond the personal grief, she utilized the occasion to raise significant concerns in Parliament regarding the transparency of the ongoing investigation into the Baramati plane crash. She asserted that the most fitting tribute to a leader of his stature would be a time-bound and thorough inquiry into the circumstances of the accident. Her tribute balanced the sorrow of a sister with a firm demand for accountability to ensure such a tragedy never recurs. Rohit Pawar’s tribute was characterised by a mix of profound grief and a fierce determination to seek answers. He recalled the personal guidance he received from his uncle, reminiscing about small yet significant moments and the weight of his “authoritative voice” that once commanded the state’s administration. On this two-month mark, he remained vocal about his suspicions surrounding the technical safety of the aircraft, describing the loss as an “irreparable blow” to the state’s political landscape. He vowed to keep his uncle’s memory alive not just through words, but by relentlessly pursuing the “Zero FIR” investigation to ensure that the facts behind the crash are brought to light.

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



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.”

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