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By:

Abhijit Mulye

21 August 2024 at 11:29:11 am

Maratha quota stir poised for revival

Manoj Jarange issues August ultimatum as CM cites record certificate distribution Mumbai: Maharashtra is bracing for renewed political turbulence as the Maratha quota agitation threatens to engulf the state once again. Prominent activist Manoj Jarange Patil has sounded a clarion call for a final, decisive protest beginning August 29, marking the third anniversary of the community’s relentless struggle. In stark contrast, Chief Minister Devendra Fadnavis has stepped in to defuse the escalating...

Maratha quota stir poised for revival

Manoj Jarange issues August ultimatum as CM cites record certificate distribution Mumbai: Maharashtra is bracing for renewed political turbulence as the Maratha quota agitation threatens to engulf the state once again. Prominent activist Manoj Jarange Patil has sounded a clarion call for a final, decisive protest beginning August 29, marking the third anniversary of the community’s relentless struggle. In stark contrast, Chief Minister Devendra Fadnavis has stepped in to defuse the escalating tensions, asserting that the government remains highly responsive to the community’s demands and that the pendency of caste certificates is virtually negligible. Addressing a massive press conference at Antarwali Sarati in the Jalna district of Marathwada, Jarange Patil expressed deep frustration with the state administration. He accused the government of deliberately deceiving the Maratha community and employing delaying tactics. According to the activist, the state has discovered approximately 58 lakh Kunbi caste records, yet the administration continues to withhold vital Kunbi certificates from eligible Maratha community members. Issuing a stern ultimatum, he demanded that caste certificates based on the Hyderabad gazette be issued to all rightful beneficiaries by August 28. Failing this, he warned, a massive mobilization will commence from every village across the state starting August 19. He passionately stated that the community has been sacrificing its blood for the youth for three years and will not back down until the issue reaches a logical conclusion. Robust Defence Countering these allegations, CM Fadnavis presented a robust defence of the Mahayuti government’s track record while speaking to the media in Nagpur. He emphasised that caste certificates are processed and issued promptly upon request. He firmly stated that everyone who has applied for a caste certificate has received it, adding that the number of pending cases is exceedingly low. Fadnavis dismissed the notion that certificates are being arbitrarily denied, reinforcing that the current administration has made and executed more pro-Maratha decisions than any previous government. He maintained a conciliatory tone, noting that the administration remains open to dialogue and is willing to find constructive solutions if any genuine grievances persist. Progress Report The state government’s claims are corroborated by the latest progress report from the Justice Sandeep Shinde committee, which was established to oversee the distribution of Maratha-Kunbi, Kunbi-Maratha, and Kunbi certificates. As of July 27, 2026, the data from the Divisional Commissionerate in Chhatrapati Sambhajinagar paints a picture of swift administrative action in Marathwada. Out of a total of 311,609 applications received, a staggering 311,033 applicants have been successfully issued Kunbi certificates. Only 515 applications faced rejection, while a mere 61 remain pending across the division. Furthermore, officials noted that 72,012 certificates have been distributed in the region from September 2025 to the present date. A district-wise analysis of the Marathwada region highlights this extensive distribution network. In Beed district, the administration achieved a near-perfect clearance rate, distributing 206,789 certificates against 206,799 applications, with zero pending files currently. Chhatrapati Sambhajinagar saw 25,211 certificates issued from 25,295 applications, leaving only 15 pending. Similarly, Jalna district processed 18,128 applications to distribute 18,053 certificates, with just 13 awaiting approval. Parbhani and Hingoli districts reported the distribution of 20,832 and 13,286 certificates, respectively, with negligible pendency. Nanded district cleared all its 4,841 applications with no backlog, while Latur and Dharashiv districts successfully distributed 2,751 and 19,281 certificates, respectively. Demands’ Charter Despite these administrative milestones, Jarange Patil has expanded his charter of demands, intensifying his critique of the state’s welfare mechanisms. He has now called for the creation of a dedicated Maratha welfare department, questioning why the Maratha community cannot have a separate ministry similar to the one existing for OBCs. He alleged that nine ministers in the current coalition are actively opposing this proposal, threatening to expose their names during the mega rally on August 29. Furthermore, he lashed out at the government over the systemic failure in implementing existing welfare schemes. He claimed that despite official resolutions granting Maratha students parity with OBC students, educational institutions are not enforcing these benefits at the school and college levels. He also accused the state of shutting down initiatives under the Sarathi institute and noted that flawed loan processes under the Annasaheb Patil Corporation are turning into bad debts, effectively ruining the CIBIL scores of young entrepreneurs. Capping off his grievances, Jarange Patil alleged a discriminatory bias in government recruitment, questioning the state administration over what he termed an “apartheid” against Maratha candidates.

Prioritising Stock Traders’ Mental Well-Being

Updated: Oct 22, 2024

People desire security in financial income, but trading is inherently uncertain. As per recent data released by SEBI, 93 per cent of traders in the Futures and Options segment lost money between FY22-FY24.


Stress and anxiety are significant concerns for traders, among other mental health concerns. Due to the uncertainty, inexperienced traders will likely face more stress than experienced traders. Several studies indicate that the percentage of Indian adults suffering from moderate or high levels of anxiety is close to 11 per cent. Stoxmind.ai, a psychometric assessment service for traders, estimates the number of traders with the same concerns to be around 18 per cent. A 2023 study by Mumbai-based GOQii estimated that 17 per cent of Indians were stressed due to financial instability. Stress and anxiety can be triggered by the chances of losing money, making wrong decisions, market volatility and family pressure.


Traders feel strong emotions such as fear, greed, euphoria or demotivation. There is a constant fear of missing out on opportunities or losing money. They face the emotional ups and downs that accompany profits or losses. The psychological pressure to succeed in a highly competitive and uncertain environment can lead to various mental health concerns.


Traders are also susceptible to cognitive biases stemming from making assumptions from a large amount of available information. Such biases are bottlenecks for objective decision-making. For example, recency bias causes one to perceive undue weight to a recent win or loss.


Negative self-talk is yet another mental health concern. It includes dwelling on past losses or doubting one’s abilities. Trading requires a high focus on analysing data, executing strategies, and managing trades. However, negative emotions act as a distraction to maintain focus. Negative self-talk can undermine confidence and lead to shying away from self-reflection - through journaling, psychometric tests or seeking feedback from a mentor.


Strategies for Well-being

The importance of self-care cannot be overestimated in a risky profession like stock market trading. Self-care can include yoga, meditation, gym exercises, and quality time spent with loved ones. Being physically active is essential not only to keep the body fit but also to support cognitive abilities. Maintaining a healthy lifestyle can help traders to stay sharp and make better decisions.


A support network can be crucial for treading objectively in the trading journey. Support networks can include personal relations, peer traders at the same level in their journey and senior traders. A support system can provide encouragement, advice, and a sense of camaraderie. Talking about trading experiences can help process emotions before they become overwhelming.


Traders need resilience - the ability to sustain setbacks and adapt to challenges. Trading is a journey with ups and downs; coping with losses and setbacks is essential. Building resilience involves cultivating a positive mindset, avoiding unhealthy coping activities, and maintaining a long-term perspective. Perception of losses can be reframed as learning opportunities for growth.


Cultivating self-awareness through introspection is the key to growing a strong mindset. It is crucial to pay attention to the psychological factors that inhibit trading, such as fear of taking losses or lack of confidence. It is better to be honest with oneself about the motivations for trading and what one feels rather than trying to suppress or hide those feelings. Self-reflection helps to play on strengths, manage weaknesses and identify areas for growth. Psychometric tests, journaling, mentorship, or professional guidance can help develop self-awareness.


Conclusion

Trading success is predominantly driven by psychology, surpassing the importance of market analysis and trading strategies. Understanding and managing emotions, cognitive biases, and an objective mindset is crucial for making sound trading decisions and achieving consistent profitability. Traders often make the mistake of focusing solely on technical skills while neglecting the significant impact on their mental state. Seek support from peers, mentors, or mental health professionals when needed.


(The writer is the Psychological Coach at Stoxmind.ai, a free trading mindset assessment tool.)

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