Plea in HC for fresh polls, new body

Dr. Rumi F. Beramji Mumbai : A senior medical practitioner has knocked on the doors of the Bombay High Court, alleging serious irregularities in the functioning of the Maharashtra Council of Acupuncture (MCA) and challenging the continuation of its current Administrator. In a petition filed through Advocate Sharad V. Natu, Dr. Laxman Bhimrao Sawant has termed the appointment and prolonged tenure of former MCA Chairman as “illegal and arbitrary,” and detrimental to the cause of Acupuncture....

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Dr. Rumi F. Beramji Mumbai : A senior medical practitioner has knocked on the doors of the Bombay High Court, alleging serious irregularities in the functioning of the Maharashtra Council of Acupuncture (MCA) and challenging the continuation of its current Administrator. In a petition filed through Advocate Sharad V. Natu, Dr. Laxman Bhimrao Sawant has termed the appointment and prolonged tenure of former MCA Chairman as “illegal and arbitrary,” and detrimental to the cause of Acupuncture. Dr. Beramji, who headed the five-member statutory body 's inaugural term (from May 2018 to May 2023), was subsequently appointed as its Administrator after the council’s term expired. According to Dr. Sawant’s plea, the Administrator’s appointment was initially meant to be a stop-gap arrangement for one year, and it was ‘extended’ later. However, nearly three years later, the position continues without fresh elections being conducted, raising questions over adherence to statutory norms and principles of governance. Dr. Sawant has further contended that while Dr. Beramji was installed as Administrator, the remaining members of the council were effectively superseded, leaving the regulatory body without its mandated collective structure, and over 6500-members directionless. The petition claims that the delay in conducting elections was justified on the grounds of an incomplete voter list, but this reason was flimsy considering the extended time lapse. The petition, likely to come up for hearing on Tuesday (April 21), also levelled serious allegations regarding the manner in which the MCA has been run under the Administrator. It claims decisions have been taken unilaterally, whimsically and without transparency or institutional accountability. Besides, Dr. Sawant has made allegations of selective targeting of certain members who have attempted to raise valid issues, including the globally-renowned noted acupuncture expert Dr. P. B. Lohiya of Chhatrapati Sambhajinagar. Adding to the controversy, a former MCA office-bearer has claimed that over the past three years, approvals were granted to more than a dozen acupuncture colleges in undue haste, purportedly in violation of prescribed norms and alleged shady deals. These institutions, it is claimed, either exist only on paper or lack essential infrastructure, faculty, and facilities. In addition, around two dozen Continuous Acupuncture Education (CAE) centres were also cleared during this period. In his multiple prayers to the high court, Dr. Sawant has sought quashing Dr. Beramji’s appointment as MCA Administrator and setting aside all policy decisions taken during his tenure in that capacity in the last three years. The petition also urged the court to direct the state government to conduct elections to elect and reconstitute a new five-member MCA within two months. Pending this, the plea seeks an order restraining the Administrator from continuing in office or interfering in the functioning of the MCA or the CAEs in the interest of free and fair elections or the cause of Acupuncture. Sources within the MCA have described the situation as “deeply concerning,” alleging that individuals of international standing, such as Dr. Lohiya - who has treated prominent personalities like Sachin Tendulkar, the late Manoj Kumar, state and central ministers and other public figures - are being unfairly hounded. The petition has called for a comprehensive review of all decisions taken during the Administrator’s tenure, a financial audit of the MCA’s financial affairs, and an independent probe by the Medical Education & Drugs Department (MEDD) into the approvals granted to the institutions in recent years. Despite repeated attempts by ‘ The Perfect Voice’ , top MCA officials like the Administrator or the Registrar Narayan Nawale, were not available for their comments.

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.”