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By:

Quad Najmi and PTI

17 June 2026 at 5:11:32 pm

Uddhav faces another rebellion; decision today

Six Lok Sabha MPs trying to move away; picture may be clear at today’s Parliamentary party meeting in New Delhi AI generated image Mumbai: A cloak-and-dagger crisis engulfing the Uddhav Thackeray-led Shiv Sena has landed at the door of the Lok Sabha Speaker, with the party urging him to guard against any unlawful defection and issuing a whip directing its MPs to attend a meeting in Delhi on Thursday. Amid the escalating crisis, a group of rebel Shiv Sena (UBT) leaders is learnt to have met...

Uddhav faces another rebellion; decision today

Six Lok Sabha MPs trying to move away; picture may be clear at today’s Parliamentary party meeting in New Delhi AI generated image Mumbai: A cloak-and-dagger crisis engulfing the Uddhav Thackeray-led Shiv Sena has landed at the door of the Lok Sabha Speaker, with the party urging him to guard against any unlawful defection and issuing a whip directing its MPs to attend a meeting in Delhi on Thursday. Amid the escalating crisis, a group of rebel Shiv Sena (UBT) leaders is learnt to have met Speaker Om Birla informally on Wednesday, claiming the support of six of the party's nine MPs in the Lower House, sources said. Thursday's high-stakes meeting in Delhi will legally and physically define whether Uddhav Thackeray retains his parliamentary strength or faces another devastating party division, the third since Raj Thackeray split Shiv Sena in 2006. Sources in Sena (UBT) said the rival camp still doesn't have the support of six MPs. They claim two of the six rebels have reportedly changed their mind. In a swift counter-offensive to contain the damage, the party high command issued a mandatory three-line whip, summoning an emergency parliamentary party meeting in New Delhi on Thursday to force a physical showdown where the MPs will have to mark their presence physically. The developments triggered a day of high political drama in the national capital, marked by a furious, expletive-laden press conference by Raut, a reported counter-meeting by the rebel faction with Lok Sabha Speaker Birla, and sharp condemnation from the Congress. The internal fracture was visible at Sanjay Raut's press briefing, where only three other Lok Sabha MPs, Arvind Sawant, Anil Desai, and Rajabhau Waje, stood by him. The remaining six lawmakers were conspicuously absent; their exact whereabouts are unknown. The Sena (UBT) has nine MPs in the Lok Sabha, and at least two‑thirds of them would be required to form a separate group. Apart from Desai, Waje and Sawant, the other six MPs are Sanjay Patil, Sanjay Deshmukh, Omprakash Raje Nimbalkar, Bhausaheb Wakchaure, Nagesh Patil-Ashtikar and Sanjay Jadhav Not Reachable The six MPs stopped responding or became unavailable since Wednesday forenoon, after which the party stopped contacting them. They said when the party contacted Mumbai North East MP, Sanjay Dina Patil, he told party leaders that he was not with the rebel group. The party had asked them to submit a letter to the Lok Sabha Speaker, which he has not submitted so far. Later in the day, sources claimed that the group of six rebel lawmakers had privately met the Lok Sabha Speaker to claim a two-thirds majority in the Lower House, the precise threshold required to escape disqualification under the anti-defection law. Simultaneously, Deputy Chief Minister Eknath Shinde, who split the undivided Shiv Sena in 2022, was reportedly camping in Delhi to oversee the operational layout of the defection of MPs. He returned to his home town Thane in Wednesday night. He is reportedly studying all the legal aspects before taking a final call before the party’s foundation day on Friday. Speaker’s Role Following reports of the rebels' move, a loyalist delegation consisting of Raut, Sawant, and Desai rushed to meet Speaker Birla to file a formal representation urging him to reject any unlawful group alignment. Desai argued that the legal provisions are strictly on the side of the original organisational structure. "Under the law, a splinter group cannot simply merge with another party on its own, even if they have two-thirds support. Only the original administrative party holds that right," Desai told reporters, adding that the Speaker assured them he would thoroughly examine every legal aspect before rendering a decision. The widening panic inside the party also triggered a public, familial disconnect involving missing Hingoli MP Nagesh Patil-Ashtikar. While the MP remained unreachable, his son, Krushna Patil Ashtikar, the MVA's official candidate for Thursday's Maharashtra Legislative Council elections, released a video statement strongly defending Uddhav Thackeray. "I am a Shiv Sainik of Uddhav Thackeray. There is no room for doubt when it comes to me," the younger Ashtikar stated.

When Is the Right Time to Buy a House?

Buying a house is one of the biggest financial decisions in a person’s life. It is emotional, aspirational, and deeply personal. But it must also be financially sensible. A home is not something you buy on impulse or because everyone else is doing it. It is a long-term commitment that affects your lifestyle, liquidity, and future goals.


So how do you decide when the time is right?


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It is important to understand that a house is a poor investment if your intention is only to look at it as an investment. When you calculate the Internal/Intrinsic Rate of Return (IRR) after including maintenance, society charges, property taxes, brokerage, and registration costs, the returns look weak compared to other asset classes. The situation becomes even worse if you buy a property on a loan purely for investment. Buying a house for investment with borrowed money is a financial disaster. Paying interest for fifteen to twenty years on an asset that generates low returns does not create wealth. It creates financial stress and actually gives negative returns after all costs and inflation.


However, buying your first house to live in is extremely important. It is not an investment. It is security, stability, and peace of mind. Owning the roof over your head reduces financial stress, gives your family stability, and protects you from rising rents. A home is part emotional comfort and part financial foundation.


One financial rule should always be followed. Your home loan EMI must not exceed 30 percent of your monthly income. Anything higher affects your lifestyle and other long-term goals such as your children’s education and your retirement.


In summary, buy a house when your life is stable, your family plans are clear, and your finances are strong. A well-timed home purchase is not only a transaction. It is the beginning of a secure future.


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

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