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By:

Quaid Najmi

4 January 2025 at 3:26:24 pm

MVA protests for third day:

Mumbai: The Maharashtra Vikas Aghadi (MVA) allies continued their agitation for the third day in different parts of Maharashtra with an aggressive state Congress hitting the streets today to protest the detention of Leader of Opposition in Lok Sabha Rahul Gandhi, his sister Priyanka Gandhi-Vadra and other Congress leaders yesterday, here on Wednesday. State and city Youth Congress again carried out vociferous protests near Mantralaya raising slogans, carrying banners and placards slamming the...

MVA protests for third day:

Mumbai: The Maharashtra Vikas Aghadi (MVA) allies continued their agitation for the third day in different parts of Maharashtra with an aggressive state Congress hitting the streets today to protest the detention of Leader of Opposition in Lok Sabha Rahul Gandhi, his sister Priyanka Gandhi-Vadra and other Congress leaders yesterday, here on Wednesday. State and city Youth Congress again carried out vociferous protests near Mantralaya raising slogans, carrying banners and placards slamming the state and central Bharatiya Janata Party (BJP), and when some attempted to enter inside, they were prevented by a strong posse of Mumbai Police deployed there since Monday. As tensions appeared to escalate, the police clamped down by detaining top state and city Youth Congress leaders including President Harshwardhan Sapkal, Vijay Wadettiwar, Bhai Jagtap, Hussain Dalwai, and many others. Thousands of students carried out a fresh demonstration at Dadar west Shivaji Park to vent their ire at the police action on Cockroach Janta Party (CJP)’s agitation in New Delhi on Monday. Several MVA leaders and Maharashtra Navnirman Sena chief Raj Thackeray visited or expressed solidarity with the protesting youth, comprising many women. Opposition’s Voice The Congress leaders alleged that Rahul Gandhi was targeted by the BJP-led government to muzzle democratic dissent, suppress the Opposition voices inside and outside Parliament and trampling upon the peoples' Constitutional Rights to protest peacefully. Defying pouring rains in the city on Wednesday, Congress workers along with activists of MVA allies, staged a noisy demonstration in Chembur and another group attempted to storm the BJP office in south Mumbai, condemning the assault on students in New Delhi and the detention of the Gandhi siblings. Senior Congress leader Hussain Dalwai flayed the government for “misusing the police” to gag democratic rights and the protests were intended to defend the Constitution and democracy against the BJP’s policy of intolerance of dissent in any form. “This is gross injustice. We are not allowed to protest against the government failures as they are misusing the police. The PM is scared of taking the resignation of Dharmendra Pradhan as he could be the next. We want to highlight to the BJP to govern the country as per the Constitution,” Dalwai declared, interacting with the media at Nariman Point. As the BJP also threatened to launch counter-protests, the police cordoned off and deployed a precautionary security ring around Tilak Bhavan, the state Congress headquarters, as leaders from both sides exchanged political darts and looked aggressive enough for a confrontation. MVA ‘bandh’, ‘Tricolour’ march today The state is set for another two days of political turmoil as the MVA has announced a Maharashtra shutdown (‘bandh’) on Thursday followed by a non-partisan ‘Tricolour Peace March’ on Friday. MVA allies, Vanchit Bahujan Aghadi (VBA) President Prakash Ambedkar and Shiv Sena (UBT) leader Aaditya Thackeray, besides other leaders of the alliance, informed of the state and city level actions today. Ambedkar appealed to the masses and also the BJP youth to participate wholeheartedly in the bandh tomorrow and claimed that students’ bodies, parent-teachers associations, colleges, universities, other institutes of higher education, private coaching institutions, and other governmental departments could support the shutdown, as it has now become a national issue. Aaditya sought the peoples’ participation in the ‘Tricolour Peace March’ on the theme of “One Nation, One Emotion” planned on July 24 afternoon to Shivaji Park, in support of environmentalist Sonam Wangchuk, the Cockroach Janta Party, plus the youth and students protesting in New Delhi. Terming it as a national citizens’ movement rather than a political party, he called upon the people not to carry any party flags but unite under the National Tricolour to assert democratic rights and express resentment against the government’s high-handed policies. Meanwhile, Mumbai Police have already imposed prohibitory orders under Section 144 across the city from July 23-to- August 6, apprehending the possibility of law-and-order disturbances.

Indian stock indices extend losses over profit booking, Sensex-Nifty down 0.3% each

  • PTI
  • May 19, 2025
  • 2 min read


New Delhi: Indian stock indices kicked off the new week negatively, with benchmark Sensex and Nifty settling 0.3 per cent lower from their previous closing. On Friday, too, the indices traded in the red.



The declines are possibly due to the profit-booking following the latest rally. Sensex is now some 4,000 points below its all-time high of 85,978 points.



NSE data showed that among the sectoral indices, Nifty IT and Nifty Media were the top losers, while Nifty PSU Bank, Nifty Realty, and Nifty Pharma were the top gainers.



Prashanth Tapse, Senior Vice President (Research) at Mehta Equities Ltd, said, "Markets languished in negative territory for major part of the trading session as weak Asian and European indices resulted in investors resorting to profit-taking in IT, capital goods and oil & gas shares. Also Moody's downgrading US credit rating by a notch over the weekend created some sort of uncertainty amongst investors."



Indian stock indices soared early last week, supported by the news that the conflict between India and Pakistan had de-escalated after the two Armed forces reached an understanding to stop the military actions.



Another shot in the arm came from the easing of trade wars between the US and China. They had agreed to withdraw their previously announced reciprocal tariffs and counter tariffs for an initial period of 90 days.



For Indian stock markets, key monitorables going ahead are Q4 GDP numbers and global cues. The official GDP data for Q4 2024-25 is scheduled to be released on May 30 by the National Statistics Office, along with the annual GDP for 2024-25.



During the April-June, July-September, and October-December 2024 quarters, the country's economy, in real terms, observed a growth rate of 6.7 per cent, 5.6 per cent, and 6.2 per cent, respectively. As per the second advance estimates of NSO, the country's economy is projected to grow at 6.5 per cent in 2024-25.

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