New icon of party loyalty amid world of turncoats

Mumbai: In the competitive landscape of Mumbai’s municipal politics, Akshata Tendulkar has emerged as a symbol of ideological steadfastness and party loyalty. Known as a “staunch Hindutva voice” in the Mahim-Dadar belt, she has navigated a political terrain historically dominated by regional heavyweights like the Shiv Sena (UBT) and the Maharashtra Navnirman Sena (MNS). The Mahim-Dadar area has long been the ideological heart of Mumbai’s politics. For a BJP leader to carve out a niche as a...

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Mumbai: In the competitive landscape of Mumbai’s municipal politics, Akshata Tendulkar has emerged as a symbol of ideological steadfastness and party loyalty. Known as a “staunch Hindutva voice” in the Mahim-Dadar belt, she has navigated a political terrain historically dominated by regional heavyweights like the Shiv Sena (UBT) and the Maharashtra Navnirman Sena (MNS). The Mahim-Dadar area has long been the ideological heart of Mumbai’s politics. For a BJP leader to carve out a niche as a prominent proponent of Hindutva in this specific geography is a significant feat. Tendulkar’s rise is attributed to her vocal and uncompromising stance on cultural and religious identity, which has resonated with a traditional voter base that feels a deep connection to the Hindutva narrative. In an era where political affiliations are often fluid, Tendulkar’s career reached a defining moment during the seat-sharing negotiations of the Mahayuti alliance. When her preferred ward was allocated to the Shiv Sena (Eknath Shinde faction) as part of the coalition agreement, she faced a difficult choice: switch banners to stay in the race or stand down. Striking Aspect The most striking aspect of Tendulkar’s profile is her refusal to compromise on her political identity for the sake of an electoral ticket. Recognizing her local influence and the strength of her “Hindutva voice,” the Shiv Sena reportedly offered her a ticket to contest the election under their “bow and arrow” symbol. While many politicians today—often referred to as “turncoats”—regularly cross party-lines to secure power, Tendulkar chose a different path. She famously declined the offer, insisting that she remained committed to the Bharatiya Janata Party (BJP); that she would only contest as a candidate representing the party she had served and that her loyalty to the organisation outweighed her personal ambition for office. Rare Precedent “This is a very rare example of party loyalty in today’s times. I’m happy that such examples can be found only in the BJP,” said city BJP spokesperson Niranjan Shetty. He also highlighted that by choosing to withdraw from the race rather than abandon her party’s flag, Tendulkar set a rare precedent in contemporary Maharashtra politics. Her decision reinforced her image as a leader driven by conviction rather than opportunism. “She has earned the leadership by her fearless acts and uncompromising nature when it comes to issues related to Hindutva,” said senior RSS worker from Dadar area, Ramesh Deole. “Her decision today will be remembered for times to come,” he added. While it might be a ‘Political Harakiri’ in opinion of a few political analysts. But, with her act today she has actually given herself a larger identity. Today, she is viewed not just as a local leader from Ward 192, but as a “distinct example of loyalty.” Her background as a fierce advocate for Hindutva remains her calling card, making her a critical asset for the BJP in the heart of Mumbai. In a city where political winds shift rapidly, Akshata Tendulkar stands as a reminder of the power of ideological consistency.

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

Correspondent
Apr 7
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.”