Victory in the streets, vacuum in the office

State BJP without official body since over 8 months Mumbai: Despite a crushing wave of victories across Maharashtra’s urban and rural landscape, the state unit of the Bharatiya Janata Party (BJP) finds itself in a peculiar state of organizational paralysis. More than eight months after Ravindra Chavan officially took the reins as State President from Chandrashekhar Bawankule in July 2025, the party has failed to constitute its state executive body, exposing deep-seated internal friction and a...

min read

Victory in the streets, vacuum in the office

State BJP without official body since over 8 months Mumbai: Despite a crushing wave of victories across Maharashtra’s urban and rural landscape, the state unit of the Bharatiya Janata Party (BJP) finds itself in a peculiar state of organizational paralysis. More than eight months after Ravindra Chavan officially took the reins as State President from Chandrashekhar Bawankule in July 2025, the party has failed to constitute its state executive body, exposing deep-seated internal friction and a deadlock with the central leadership in Delhi. Chief Minister Devendra Fadnavis visited Delhi twice this week. On Friday he also called on the newly elected national party president Nitin Nabin. Though it is being speculated that the meeting might lead to political realignment in the state, real question is whether it will bring to the tracks the derailed organizational appointments of the state party unit. The primary catalyst for this administrative limbo is said to be a strict directive from the BJP high command. In a bid to ensure that elected representatives remain laser-focused on their constituencies ahead of the 2029 cycle, the party leadership has mandated that no sitting MLA should be appointed as an organizational office bearer. While logically sound, this "one person, one post" enforcement has drained the pool of seasoned leaders available for the state body. State President Ravindra Chavan, himself an MLA from Dombivli, is reportedly struggling to balance the requirement for experienced "organizational engines" with the demand for fresh, non-legislative faces. The friction has reportedly peaked over the appointment of a specific former minister who lost his seat during the 2024 Lok Sabha debacle. Sources indicate this leader, who feels sidelined after being denied a cabinet berth in the Devendra Fadnavis-led government, is lobbying aggressively for the powerful post of State General Secretary. However, the Delhi high command remains unimpressed. Citing his recent electoral loss and a "cloud of controversy" surrounding his previous tenure, the central leadership has twice rejected the list of office bearers submitted by the state unit. This tug-of-war has effectively stalled the entire process, as the state unit is hesitant to move forward without accommodating senior loyalists. The irony of the situation is not lost on political observers. The organizational delay comes at a time when the BJP’s "election machine" is performing at its peak. While demonstrating its civic dominance, in the January 2026 municipal elections, the BJP swept 1,425 out of 2,869 seats across 29 corporations, including a historic victory in the BMC. It also demonstrated its rural surge in the recently concluded Zilla Parishad polls, where the party emerged as the single largest entity, winning 225 of 731 seats. "The party is winning on the strength of the 'Fadnavis-Chavan' duo and the Mahayuti's momentum, but the skeletal structure of the organization is missing. We have generals and soldiers, but no mid-level commanders," noted a senior party strategist on the condition of anonymity. When questioned about the delay, Ravindra Chavan’s office has maintained a disciplined silence. Staffers decline to provide a timeline, merely stating that "consultations are ongoing." This lack of a formal state body means that key wings of the party—including the Youth, Women, and Kisan Morchas—are operating without a full set of sanctioned leaders. While the BJP continues to win elections through centralized command, the simmering discontent among senior leaders who feel "abandoned" by the high command's new rules could pose a challenge to long-term internal harmony.

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.”