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By:

Abhijit Mulye

21 August 2024 at 11:29:11 am

Deepening BJP-Sena rift exposed

Mumbai: Corridors of power in Maharashtra are witnessing a growing sense of unease. Stern and quick disciplinary actions against senior bureaucrats are rare in state administration. The recent suspension of a senior IAS officer for failing to brief a minister during an ongoing assembly session has sent shockwaves through the bureaucracy. It has also laid bare the intense power struggle between ruling alliance partners, the BJP and the Shiv Sena. The controversy erupted when presiding officer...

Deepening BJP-Sena rift exposed

Mumbai: Corridors of power in Maharashtra are witnessing a growing sense of unease. Stern and quick disciplinary actions against senior bureaucrats are rare in state administration. The recent suspension of a senior IAS officer for failing to brief a minister during an ongoing assembly session has sent shockwaves through the bureaucracy. It has also laid bare the intense power struggle between ruling alliance partners, the BJP and the Shiv Sena. The controversy erupted when presiding officer Dilip Lande ordered immediate suspension of Maharashtra Pollution Control Board (MPCB) Member Secretary M. Devendar Singh and Joint Director Satish Padwal. It is an unwritten parliamentary convention that presiding officers refrain from directing such severe administrative actions directly from the chair. However, the environment department acted with unprecedented speed. Sources indicate that the file implementing these suspension orders has already reached Chief Minister Devendra Fadnavis’ office. Babus Baffled This swift administrative compliance has caused a significant flutter among top officials. Many bureaucrats feel the Fadnavis administration is setting a dangerous precedent. Others quietly admit that the officers simply became collateral damage in a fierce political crossfire. The root of this administrative crisis lies in the fraught relationship between two key political figures. The environment department is headed by BJP Minister Pankaja Munde. Meanwhile, the MPCB is chaired by Shiv Sena leader Siddhesh Kadam. The two leaders reportedly do not see eye to eye. M. Devendar Singh, the suspended IAS officer, is widely considered to be close to senior Shiv Sena minister Sanjay Rathod. During his earlier tenure as the district collector of Ratnagiri, Singh also developed close ties with powerful Sena minister Uday Samant. Bureaucratic circles suggest that Singh was appointed as the MPCB member secretary last year primarily due to strong recommendations from Samant and Sanjay Rathod. Against this backdrop, the political rivalry between Munde and Kadam reached a boiling point. According to an MPCB insider, Kadam allegedly issued oral instructions to board officials ordering them not to share any information with minister Munde or her office without his prior consent. Caught between a hostile chairman and an inquiring minister, officers naturally shied away from providing crucial briefings. Sensing this deliberate blockade of information, frustrated Munde spilled the beans on the floor of the House. She admitted her inability to answer legislators’ questions due to non-cooperative officials. The issue quickly escalated, likely beyond the minister’s own imagination. The presiding officer intervened, and the bureaucrats ultimately bore the brunt of the political dysfunction. Top officials now privately acknowledge that this entire episode is a direct outcome of the shifting power dynamics between the BJP and the Shiv Sena. This incident is not an isolated case of administrative cracking of the whip. Recently, the government initiated strict disciplinary action against an assistant charity commissioner in Gondia simply for participating in a lucky draw without prior permission from her superiors. Together, these incidents are sending a chilling message down the administrative spine. While the government attempts to project an image of strict discipline and accountability, the bureaucracy is increasingly feeling the heat of coalition politics. Officials are now acutely aware that navigating the fragile egos of alliance partners is just as critical as their administrative duties.

Recent SEBI Action Against Trading Academy

SEBI’s recent action against a popular trading educator has once again reminded the country of a simple but powerful truth: do not misguide people by promoting the stock market as a get rich quick scheme.


What SEBI Is Really Examining

The regulator was not trying to curb financial learning. It was examining something far more serious - whether education had quietly turned into stock tips, fast money promises and unregistered live trading calls.


The Ironic Reality SEBI Discovered

While passing the order, SEBI also found something even more ironic and alarming. The person teaching others how to trade was himself making crores of losses. Client testimonials showcasing lakhs of supposed profits generated by participants, did not match their actual records. In short, the trading coach was losing money in trading, the students were losing money in trading, and the only person consistently making money was the coach himself by selling the dream of a get rich quick scheme through trading courses.


Where The Real Problem Begins

This is exactly where the bigger problem begins. Anyone who tells you that the stock market is a get rich quick scheme or a predictable monthly income generator is a big problem. Unfortunately, this idea has become widespread today. Much of the content circulating on YouTube, Instagram and other platforms is built for sensation and clickbait rather than true financial guidance. Its aim is not to simplify money but to trigger emotions, attract followers, and sell dreams.


Noise Is Drowning Real Education

Real financial education gets drowned in this noise. People start believing that trading profits are instant, guaranteed, and repeatable. They get influenced by selectively picked success stories, dramatic reels, and exaggerated testimonials. They forget that the market does not reward excitement, it rewards patience, discipline, and risk management. These essentials rarely make it to flashy thumbnails.


Power, Responsibility, And Investor Risk

SEBI’s intervention highlights that finance carries power, and with power comes responsibility. When hype-driven teaching influences thousands, it is not just a regulatory challenge. It affects families, long-term goals, and life savings. Wrong direction in the market can permanently derail financial stability, often because someone believed a shortcut was possible.


The Truth That Must Be Repeated

And the truth must be repeated without hesitation. The stock market is not a get rich quick machine or a monthly income machine. It is a long-term wealth creation tool. It requires planning, emotional balance, and a realistic understanding of risk. No webinar or secret pattern can replace this.


Why Investors Must Be Careful

This is why investors must be extremely careful. Always consult a well-qualified and full-time advisor who educates you properly, provides personalised guidance, and handholds you throughout your financial journey. A genuine advisor does not sell fantasies. They offer clarity, direction, and accountability, the qualities that actually create wealth. Investors need to take help from doctors who actually take care and treat patients, not put out courses or video reels to create content.


Remember

Ultimately, the market rewards discipline and wisdom. It has never rewarded shortcuts, and never will.


(The author is a Chartered Accountant and CFA (USA). Financial Advisor.Views personal. He could be reached on 9833133605.)

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