Mexico City, Dec 2: Anti-establishment leftist Andres Manuel Lopez Obrador vowed a "deep and radical" change in Mexico as he assumed the country's presidency Saturday, five months after winning a landslide election victory.

The leader, widely known by his initials as "AMLO," took the oath of office and donned the presidential sash before Congress -- where the coalition led by the upstart party he founded four years ago, Morena, now has strong majorities in both houses.

Ending 89 years of government by the same two parties, Lopez Obrador surged to victory in the July 1 elections promising a new approach to issues fuelling widespread outrage: crime, poverty and corruption.

But not everyone is persuaded: critics say the sharp-tongued, silver-haired leader has a radical and authoritarian streak. And despite his promises of business-friendly policies, Mexican stocks and the peso have plunged in recent weeks.

That did not stop Lopez Obrador, 65, from doubling down on his promise of a sweeping "transformation" as he started his six-year term.

"It might seem pretentious or exaggerated to say it, but today is not just the start of a new government. It is the start of a political regime change," he said, the presidential sash newly draped over his dark suit and burgundy tie.

"We will carry out a peaceful and orderly but also deep and radical transformation."

After the traditional swearing-in ceremony, Lopez Obrador climbed in his white Volkswagen Jetta -- his car of choice -- and headed to Mexico City's central square, the Zocalo, for a colourful second ceremony of his own design.

There, indigenous shamans purified him with incense and flowers, and presented him with a symbolic chieftain's staff.

"I reaffirm my commitment not to lie, rob or betray the Mexican people," he said, clutching the long wooden staff.

Jose Angel Mejia, 38, was among the tens of thousands of people who gathered to fete the new president. "It's a historic day, I still can't believe it," he said, raising his eight-year-old son's arm in the air in celebration.

"We're going to have a change at last."

The new president inherits a sticky set of problems from his unpopular predecessor, Enrique Pena Nieto.

They include deeply entrenched corruption, gruesome violence fuelled by the war on drug cartels, and the caravan of 6,000 Central American migrants camped at the US-Mexican border -- not to mention the minefield that diplomacy with Mexico's giant northern neighbour has become under President Donald Trump.

Lopez Obrador, a former protest leader and Mexico City mayor, has been short on specifics regarding his plans for all of the above. What he is promising, first and foremost, is a presidency like no other in Mexican history.

Vowing to lead his anti-corruption, pro-austerity drive by example, he has forsworn the presidential residence, jet and security detail, and cut his own salary by 60 per cent.

In a sign of the times, the sumptuous presidential residence, Los Pinos, was opened to the public Saturday as a cultural center.

Lopez Obrador's inaugural address largely repeated the sweeping but vague promises of his campaign.

He resumed his attempts to soothe the markets with promises of balanced budgets and pro-investment policies.

But he also attacked Mexico's "neoliberal" economic model as "a disaster" and railed against Pena Nieto's landmark privatisation of the energy sector.

Lopez Obrador has caused jitters over the future of Latin America's second-largest economy with decisions such as the one to cancel a new USD 13 billion airport for Mexico City that was already one-third complete.

The day's guest list included a host of regional presidents -- among them crisis-torn Venezuela's President Nicolas Maduro, who was met with protests from Mexico's conservative opposition.

King Felipe VI of Spain, US Vice President Mike Pence, and first daughter and White House adviser Ivanka Trump also attended.

President Trump, who was at the G20 summit in Argentina, has struck up a surprisingly warm relationship with Lopez Obrador -- though the migrant caravan threatens to interrupt that honeymoon.

The American president is pressuring Lopez Obrador to accept a deal to keep asylum-seeking migrants in Mexico while their claims are processed in the United States.

Lopez Obrador's foreign minister, Marcelo Ebrard, is due in Washington on Sunday for talks on the issue with US Secretary of State Mike Pompeo.

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Mumbai (PTI): A total of 350 cricketers, including 240 Indians, will go under the hammer in the IPL auction to take place in Abu Dhabi on December 16, with South Africa's comeback man Quinton de Kock a surprise late addition to the final list.

Wicketkeeper-batter De Kock, who recently came out of his ODI retirement, has been kept at a base price of Rs 1 crore. The list also includes Australia batter Steve Smith at a base price of Rs 2 crore. Smith last played in the IPL in 2021.

A total of 1,390 players registered for the Player Auction. The number was pruned to 1,005 players before 350 were finally shortlisted to battle for 77 slots available including 31 for overseas players, across the 10 teams for the 19th edition of the world’s biggest T20 league.

The first set of players in the auction includes India and Mumbai batters Prithvi Shaw and Sarfaraz Khan, who both have kept their base price at Rs 75 lakh each. Shaw had a regular run in the IPL from 2018 to 2024 but had gone unsold in the auction for the last edition, whereas Sarfaraz has not played in the competition since 2021.

The list shared by the IPL features two Australians in Cameron Green and Jake Fraser-McGurk, along with New Zealand and former Chennai Super Kings opener Devon Conway and South Africa’s David Miller, with each of them keeping a base price of Rs 2 crore.

Venkatesh Iyer, who was released by Kolkata Knight Riders, has listed himself at a base price of Rs 2 crore. Among domestic players, Kunal Chandela and Ashok Kumar, who are among the leading run-getters and wicket-takers respectively in the Syed Mushtaq Ali T20 Trophy, are also in the final list.

Three-time winners KKR will go into the auction with the biggest purse of Rs 64.3 crores, followed by five-time champions CSK with Rs 43.4 crores. Sunrisers Hyderabad, who have won the IPL once, have the third highest purse of Rs 25.5 crores.

As many as 21 England players feature in the list, including wicketkeeper-batter Jamie Smith, pacer Gus Atkinson, Liam Livingstone and Test opener Ben Duckett.

Green, expected to garner a lot of attention in this auction, leads the list of 19 Australians, with Josh Inglis, Matthew Short, Cooper Connolly and Beau Webster being the other prominent names.

De Kock and Miller are among the 15 Proteas players in the IPL auction, along with fast bowlers Anrich Nortje, Lungi Ngidi, Gerald Coetzee and all-rounder Wiaan Mulder.

Fast bowlers Alzarri Joseph and Shamar Joseph, Ackeem Auguste, Shai Hope and Roston Chase are among the nine players from the West Indies in the auction.

Sri Lankan spinners Wanindu Hasaranga, Dunith Wellalage, Maheesh Theekshana and Traveen Matthew will be among the dozen players from the island nation in the auction, along with Pathum Nissanka, Kusal Mendis and Kusal Perera.

Conway and Rachin Ravindra, who were released by CSK, are among the 16 New Zealand players in the auction.

Rahmanullah Gurbaz and Naveen ul Haq feature in the list of 10 players from Afghanistan.