Ajit Pawar dreamt big for Baramati

Mumbai/Pune : Shunned as a dry and drought-prone sub-district of Pune on the Deccan Plateau barely five decades ago, Baramati today symbolizes one of Maharashtra’s most striking examples of systematic rural transformation with the lion’s share of credit going to the state’s numero uno Sharad Pawar clan. The prime activity of farming thrives here, cooperatives flourish, industries are booming, education soars and the infrastructure is envied even by many developed urban centres. Little...

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Mumbai/Pune : Shunned as a dry and drought-prone sub-district of Pune on the Deccan Plateau barely five decades ago, Baramati today symbolizes one of Maharashtra’s most striking examples of systematic rural transformation with the lion’s share of credit going to the state’s numero uno Sharad Pawar clan. The prime activity of farming thrives here, cooperatives flourish, industries are booming, education soars and the infrastructure is envied even by many developed urban centres. Little wonder that the Pune region ranks lowest in terms of farmers suicides – in 2024, there were only 24 deaths, as per official data, said Vidarbha Jan Andolan Samiti President Kishore Tiwari, who has chronicled distress in farmlands of the state for three decades. “The Pawars ensured that the region got adequate funds, irrigation, power and other planned facilities that helped the farmers immensely… We wish all other districts in the state to emulate this example, especially Vidarbha which is regarded as the farmland suicides hotbed,” Tiwari told The Perfect Voice . Though the foundations of the sea-change was laid by Sharad Pawar, later it was his nephew Ajit Pawar who architected his uncle’s long-term vision to reality through untiring efforts, single-minded dedication and tough groundwork for over four decades to achieve what is the famed ‘Baramati Model’. As several lakhs of mourners turned up from all over Western Maharashtra and other places to bid a final adieu to Ajit Pawar on Thursday (Jan. 29), many were seen weeping, crying and wailing, and some expressed concerns for the future of Baramati and Pune district – in the absence of their active ‘messiah’. While Sharad Pawar laid the ground-map for Baramati, Ajit Pawar implemented it by ensuring that government policies, big and small projects and different schemes not only reached the region but tangibly changed the lives of the locals. As he grew in politics and entered governance in various positions, Ajit Pawar quickly grasped how the official machinery worked, and along with his stern approach, fiscal and administrative discipline plus knowledge of his home turf, he kickstarted the evolution of Baramati and surroundings. Way back in 2009, when he was not even a Deputy CM, Ajit Pawar told a group of visiting journalists from Mumbai his dreams of catapulting Baramati onto the world map in various aspects of a model of rural-led development and progress that touched each citizen. For this, he persistently advocated the upgradation of the small Baramati Airport, built by the MIDC in 1996, having a short runway (1770 metres long x 30 metres wide), where his ill-fated aircraft crashed on Wednesday morning. The airport is mostly used for small aircraft operations and training purposes. Former Chief Minister Prithviraj Chavan under whose tenure Ajit Pawar first became the Deputy CM, said that “he was a rare politician, a young visionary, dynamic and decisive, passionately pro-farmer and supportive of the cooperative sector”. “When I was CM and he was the Deputy CM, he helped me take many tough decisions in the public interest. He was a sure-shot to lead the state (as CM), sooner than later. We have lost a great national-level leader whom coming generations would emulate,” Chavan told The Perfect Voice , acknowledging Ajit Pawar’s contributions to the state. Baramati Effect A local party activist, Milind Jadhav recalled how, when the Nationalist Congress Party (NCP) founded by Sharad Pawar suffered a vertical split in July 2023, “every home and family in Baramati was splintered”. “All the people were at a loss to decide whom to support in the ‘kaka-putnya’ political war, particularly during the 2024 Lok Sabha and Assembly elections. Thankfully, the politics was strictly kept at bay from Baramati’s development and also the Pawar household, he said. Despite the political wranglings, Ajit Pawar visited Baramati at least once a week, reviewed important proposals, funds and expenses, status reports and other minute details, at times, showing more insight than the officialdom, was a stickler for the ‘ghadi’ (watch), often jumped up for unannounced site visits that rattled the officials. The Baramati Industrial Development Corporation – part of the MIDC – came into existence in 1962 under Sharad Pawar, but under Ajit Pawar it spread wings to come up as an ideal industrial zone. National and international companies like Kalyani Steels, Bharat Forge, Godfrey Phillips, SMT Ltd. Imsofer, Schreiber, Piaggio, Ferrero, Senvion, India's first wine factory at Narayangaon (1982), and later proliferated to Nashik. Simultaneously, the western Maharashtra’s agriculture backbone of sugarcane, grapes, jowar, wheat and cotton support many of the top performer cooperatives in the region and the Baramati Hi-Tech Textile Park (established in 2008 through Sharad Pawar’s efforts), support domestic apparels industry creating jobs and prosperity. Strong background support comes from institutions like Agriculture Development Trust, several agriculture colleges affiliated to major agriculture universities, all combining for activities like modern farming techniques, entrepreneurship, water conservation, women’s education and empowerment, health-care besides skill development and upgradation.

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.”