Mandya politics taking heating up
Even before the Lok Sabha elections are announced, the politics in Mandya region is already gaining volume. Caste and cinema is ruling people’s minds these days. Now Mandya is witnessing the culmination of these two. In the backdrop of actor and politician Ambarish’s demise, his wife Sumalatha is trying to gain entry into politics by riding the sympathy wave. But Congress is hesitant to offer ticket to Sumalatha owing to the fact that the party has already submitted Mandya constituency to JD(S).
Ambarish wasn’t too loyal to Congress towards the end of his days. He had given open statements against Siddaramaiah during the Vidhan Sabha election time. There are also allegations that he worked against Congress. Hence even Congress wasn’t too keen on staging Sumalatha from here. There is a plan to stop Sumalatha’s foray into politics by way of handing over Mandya to JD(S). But Sumalatha is highly bent upon contesting from Mandya. One wonders whether she’d be doing so on Congress ticket or independently, if Congress does not offer her the ticket. The final decision is awaited.
Ambarish was not just an actor, but someone who was in touch with the people at grassroots level too. Hence his entry into politics was easy and natural. But Sumalatha does not possess such qualities. The only identity she has is that of being Ambarish’s wife. It has been ages since she left cinema industry. She hasn’t ever identified herself with Ambarish’s politics or his choices, publicly. She is unaware of the undercurrents of politics as well. At the same time, Devegowda family has had deeper roots in Mandya politics. Just as Sumalatha’s cinema background, Gowda’s family too done it’s time in cinema related fields. Gowda’s grandsons Nikhil and Prajwal have identified themselves in Mandya politics. Sumalatha is yet to begin to create a base for herself among people in Mandya. But Nikhil is already actively involved in creating a base of party activists and workers. Hence it would be difficult for Sumalatha to face all this alone without any help or guidance.
This is a tailor made situation for BJP to make its mark. It is now inevitable that she joins BJP to contest elections as she wishes. State minister and CM’s brother Revanna has issued some irresponsible statements about actor Sumalatha. “It hasn’t even been a few months since Ambarish passed away. Sumalatha already wants to join politics. Why is she in such a hurry?” This statement cannot be dismissed as a callous one. Because he hasn’t only defended it, but also refused to apologise. There is no law that prohibits a woman from coming out of the house and participate in any public event after her husband dies.
This is an unconstitutional and anti-democratic anti-women statement. This is a blatant show of privileged patriarchal mindset. Revanna has indirectly told Sumalatha that she has lost her husband and she must limit herself to her house. Widespread criticism has flown against this statement by Revanna. His arrogance and loose talk may be well used by Sumalatha to her benefit. Sympathy may turn into votes for sure. Revanna has criticized Sumalatha’s cinema stint as well. He has conveniently forgotten that his family members are in cinema too. If one is political acting, one can say the same thing about Gowda’s grandsons too!
This Lok Sabha elections, the entire Deve Gowda clan is planning to contest the elections. And yet Devegowda is saying he hasn’t indulged in “family politics”. He says all the members are coming into politics on their own strengths and have worked hard enough. Devegowda is a statesman. He rose to the level of a PM from village level grassroots and farmer leader. His sons do not have that background as he does. Everyone is aware of route Kumaraswamy took to be the CM first time. If conniving and opportunism were ‘political qualities’, even HDK is talented then. One thing is for sure. If not for Devegowda’s background, the children wouldn’t have grown to this level. His grandsons do not have even that advantage of their fathers do. Hence Devegowda needn’t have explained that he wasn’t engaging in family politics.
Because every politician today is engaged in family politics. People feel this is better than the politics a man without family is doing as the PM of the country. The road to success is not any easy for Nikhil in Mandya. Voters may take the memory of Ambarish till the voting booth. And the coalition parties would have presented an opportunity to make foray into Mandya to BJP on a platter.
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Stock markets rebound after Monday's crash: Sensex jumps 1,089 pts tracking firm global trends
Mumbai, Apr 8 (PTI): Stock markets rebounded sharply on Tuesday, a day after facing the worst drubbing in 10 months, as benchmark Sensex recouped 1,089 points after across-the-board buying amid a rally in Asian and European markets.
Snapping its three-day decline, the 30-share BSE Sensex jumped 1,089.18 points or 1.49 per cent to settle at 74,227.08 with 29 of its components ending in the green. During the day, it climbed 1,721.49 points or 2.35 per cent to 74,859.39.
The NSE Nifty surged 374.25 points or 1.69 per cent to 22,535.85, snapping the three-day losing run. Intra-day, the benchmark soared 535.6 points or 2.41 per cent to 22,697.20.
Sensex tanked 2,226.79 points or 2.95 per cent and Nifty tumbled 742.85 points or 3.24 per cent, marking their worst single day decline in 10 months as global equity markets went into a tailspin on recession fears after US tariff war.
"Positive global market cues aided massive recovery in local benchmarks, as concerns over US trade tariffs faded a bit on hopes that most of the nations would work out ways to overcome the challenge. With India largely being a consumption-led economy, the US tariff impact may not hurt the country in a major way when compared to some of the other nations," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
All Sensex firms, except Power Grid, ended in the positive territory. Titan, Bajaj Finance, State Bank of India, Larsen & Toubro, Axis Bank, Bajaj Finserv, Asian Paints and Zomato were the biggest gainers.
World markets also staged a comeback after Monday's collapse.
In Asian markets, Tokyo's Nikkei 225 index, Hong Kong's Hang Seng, Shanghai SSE Composite index and South Korea's Kospi settled in the positive territory after falling sharply on Monday. Nikkei 225 index jumped 6 per cent.
European markets were quoting higher. US markets ended mostly lower on Monday.
The BSE smallcap gauge jumped 2.18 per cent and midcap index surged 1.87 per cent.
All BSE sectoral indices ended higher.
Oil & Gas index jumped the most by 2.58 per cent, followed by consumer durables (2.38 per cent), telecommunication (2.32 per cent), industrials (2.04 per cent), energy (2.03 per cent), consumer discretionary (2.02 per cent), teck (1.97 per cent), healthcare (1.94 per cent) and IT (1.77 per cent).
As many as 3,093 stocks advanced while 871 declined and 119 remained unchanged on the BSE.
"Following positive global cues, led by the interest of many nations to enter into bilateral agreements with the US, the domestic market witnessed a recovery," Vinod Nair, Head of Research, Geojit Investments Limited, said.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 9,040.01 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 12,122.45 crore, according to exchange data.
Global oil benchmark Brent crude climbed 0.22 per cent to USD 64.35 a barrel.
Benchmark indices Sensex and Nifty logged their worst single-day decline in 10 months on Monday, as fears that Trump's policies on reciprocal tariffs may lead to recession and higher inflation in the US going ahead unnerved investors.
