Sunetra Pawar has taken charge, but challenges remain

Mumbai: Days after taking oath as Maharashtra’s first woman Deputy CM, Sunetra Ajit Pawar was unanimously elected president of the Nationalist Congress Party (NCP). This was another major responsibility on her shoulders just a month after her husband’s tragic death in the Baramati air crash. For decades, Sunetra, popular as ‘Vahini’ or just ‘Tai’, chose to be the silent force behind her husband. But she remained accessible, grounded and attentive to the people of Baramati. Sunetra quietly...

min read

Sunetra Pawar has taken charge, but challenges remain

Mumbai: Days after taking oath as Maharashtra’s first woman Deputy CM, Sunetra Ajit Pawar was unanimously elected president of the Nationalist Congress Party (NCP). This was another major responsibility on her shoulders just a month after her husband’s tragic death in the Baramati air crash. For decades, Sunetra, popular as ‘Vahini’ or just ‘Tai’, chose to be the silent force behind her husband. But she remained accessible, grounded and attentive to the people of Baramati. Sunetra quietly built institutions of sustainability, empowering rural youth, women and farmers, and addressed environmental concerns. Earning awards and accolades, she continued in a similar vein until the NCP suddenly split apart in July 2023 and Ajit Pawar fielded her in the 2024 Lok Sabha polls from Baramati. Her opponent was her sister-in-law and the Nationalist Congress Party (SP) Working President Supriya Sule, who easily snatched victory. Barely months later, Sunetra waltzed into the Rajya Sabha with a nudge from the BJP, signalling new political equations. Challenges ahead Sunetra Pawar faces multiple challenges within the party, government, politics and family. There’s a dreaded, but not fully identified, ‘chandal chaukdi’ (gang of four), referred to by all, that’s hyper-active after Ajit Pawar’s death. This can test her authority. Here, Sunetra will have to assert herself and make efforts to carve her independent niche in politics. The sympathy factor may soon evaporate. Another question is whether Sunetra will initiate a ‘merger’ of the two NCPs. This was said to be the ‘desire’ of Ajit Pawar. A close family friend and retired IPS officer, Vikram Bokey, described Sunetra as ‘a gem of a human being, extremely poised, cultured, and with a highly educated background’. “The state witnessed her suddenly blossom into a leader after Ajit Pawar’s tragic passing… She has rekindled hopes among the masses. The people view her as the ideal candidate for the top (CM) post,” Bokey told The Perfect Voice . Sunetra – A village girl who became deputy CM Born on 18 October 1963, Sunetra hails from an influential political family. Her step-brother, Dr Padamsinh Patil, straddled state and national politics with ease for decades. She completed her BA, married Ajit Pawar in 1985, but chose to prioritise family and motherhood and only much later (2024) marked her reluctant political entry to support her spouse. She is a trustee of Vidya Pratishthan, chairperson of Baramati Hi-Tech Textile Park, and a member of the World Entrepreneurship Forum, a French think-tank. She launched the Environmental Forum of India (2010).

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.”