Mumbai bids tearful farewell to Bal Thackeray

November 18, 2012

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Mumbai, November 18: The mortal remains of Bal Thackeray, a Hindutva mascot and flagbearer of Marathi pride, were consigned to flames as lakhs of mourners joined the Shiv Sena founder’s grieving family to bid him a tearful farewell, with the city observing a virtual shutdown.

In a spontaneous outpouring of grief, a sea of humanity, unprecedented in recent memory, descended on the streets leading from “Matoshree”, Thackeray’s Bandra home, to Shivaji Park, to catch the last glimpse of the uncrowned king of Mumbai.

As several times in life, the Thackeray phenomenon was in evidence once again in death as he brought Mumbai to a halt with all marketplace, from the swanky malls to the tiny tea stalls and ‘paan—beedi’ kiosks, closed and all roads leading to “Matoshree”, Shiv Sena Bhavan in Dadar and Shivaji Park, where his last rites were performed.

Loud roars of “Parat ya parat ya Balasaheb parat ya (Come back, come back, Balasaheb come back), Kon ala re, kon ala Shiv Senecha wagh ala (Who has come, who has come, Shiv Sena’s tiger has come)” and “Balasaheb amar rahe” (long live Balasaheb) rent the air as an emotional Uddhav, the youngest son of the departed leader and Sena’s executive president, lit the pyre.

In a reflection of the respect Thackeray commanded across the board, a galaxy of politicians, from allies to rivals, film stars to captains of industry were attendance.

Lakhs of people on Sunday came out to catch a last glimpse of Balasaheb Thackeray and pay homage to him as the Shiv sena patriarch’s funeral procession started from his residence amidst a complete shutdown with markets shut and taxis and autos off the roads.

The body of 86-year-old Sena leader, who breathed his last on Saturday, was taken out of his residence ‘Matoshree’ in subruban Bandra this morning in a hearse adorned with flowers.

People in huge numbers thronged roadsides, flyovers and balconies of their buildings to catch a glimpse of the Sena leader who roused emotions on Marathi pride and catapulted the party to power in Maharashtra in the 1990s.

A bandh-like situation prevailed in many parts of the city, Navi Mumbai and Thane in the wake of Balasaheb’s death.

Markets were shut and taxis and autos off the streets. The authorities have advised Mumbaikars to take to the roads only in the case of an emergency.

Extensive security arrangements have been put in place in the state, particularly in Mumbai, with over 20,000 police personnel deployed in the metropolis to keep a tight vigil.

Security has been beefed up at ‘Matoshree’ and Shivaji Park with vehicular traffic prohibited in and around the area.

Shiv Sainiks have also formed a human chain to enable the procession to pass smoothly.

The bereaved Thackeray family is accompanied by several Sena leaders including Manohar Joshi, Diwakar Raote, party spokesperson Sanjay Raut, Neelam Gorhe, Vinayak Raut, Anil Desai, Subhash Desai, senior BJP Gopinath Munde, among others.

Related: Bal Thackeray: Leader who brought ethnic politics to Mumbai melting pot

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Agencies
June 17,2020

New Delhi, Jun 17: AAP MLA and national spokesperson Atishi has tested positive for COVID-19, her party colleagues said on Wednesday.

Delhi Chief Minister Arvind Kejriwal took to Twitter to wish her speedy recovery.

"Atishi ji has played an important role in the fight against corona. I hope that she will get healthy soon and again get involved in serving the people," Kejriwal tweeted in Hindi.

According to sources, Atishi was tested on Tuesday for COVID-19 and her report came positive today.

She is presently under home quarantine, the sources said.

"Get well soon Atishi, recover soon from Corona," AAP MLA Saurabh Bhardwaj tweeted.

Atishi represents Kalkaji assembly constituency.

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News Network
February 2,2020

Feb 2: Prime Minister Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy.

The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped as a proposal to scrap the dividend distribution tax for companies failed to impress investors.

"Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary."

India has gone from being the world’s fastest-growing major economy three years ago, expanding at 8%, to posting its weakest performance in more than a decade this fiscal year, estimated at 5%.

While the government has taken a number of steps in recent months to spur growth, they’ve fallen short of spurring demand in the consumption-driven economy. Saturday’s budget just added to the glum sentiment.

Okay Budget

“It’s an okay budget but not firing on all cylinders that the market was hoping for,” said Andrew Holland, chief executive officer at Avendus Capital Alternate Strategies in Mumbai.

The government had limited scope for a large stimulus given a huge shortfall in revenues in the current year. The slippage induced Sitharaman to invoke a never-used provision in fiscal laws, allowing the government to exceed the budget gap by 0.5 percentage points. The result: the deficit for the year ending March was widened to 3.8% of gross domestic product from a planned 3.3%.

On Friday, India’s chief economic adviser Krishnamurthy Subramanian said reviving economic growth was an “urgent priority” and deficit goals could be relaxed to achieve that. The adviser’s Economic Survey estimated growth will rebound to 6%-6.5% in the year starting April.

The fiscal gap will narrow to 3.5% next year, as the government budgeted for gross market borrowing to rise marginally to 7.8 trillion rupees from 7.1 trillion rupees in the current year. A plan to earn 2.1 trillion rupees by selling state-owned assets in the year starting April will also help plug the deficit.

Total spending in the coming fiscal year will increase to 30.4 trillion rupees, representing a 13% increase from the current year’s budget, according to latest data.

Key highlights from the budget:

* Tax on annual income up to 1.25 million rupees pared, with riders

* Dividend distribution tax to be levied on investors, instead of companies

* Farm sector budget raised 28%, transport infrastructure gets 7% more

* Spending on education raised 5%

* Fertilizer subsidy cut 10%

Analysts said the muted spending plan to keep the deficit in check will lead to more downside risks to growth in the coming months.

“It is very doubtful that the increase in expenditure will push demand much,” Chakravarthy Rangarajan, former governor at the Reserve Bank of India told BloombergQuint, adding that achieving next year’s budget deficit goal of 3.5% of GDP was doubtful.

With the government sticking to a conservative fiscal path, the focus will now turn to central bank, which is set to review monetary policy on Feb. 6. Given inflation has surged to a five-year high of 7.35%, the RBI is unlikely to lower interest rates.

What Bloomberg’s Economists Say:

The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range.

-- Abhishek Gupta, India economist

Governor Shaktikanta Das may instead focus on unconventional policy tools such as the Federal Reserve-style Operation Twist -- buying long-end debt while selling short-tenor bonds -- to keep borrowing costs down.

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News Network
May 24,2020

New Delhi, May 24: Overwhelmed by the donations that poured in from the society for his help, Phool Mia, the fruit seller in north Delhi's Jagatpuri area whose mangoes were looted by the ordinary people, said that those who helped him have made his "Eid" and have shown that "humanity is still alive".

Video footage that went viral on social media, shows that scores of passers-by looted the unattended crates of mangoes of a fruit seller after a fight broke out in the neighbourhood. The incident took place on Wednesday.

"My stock of mangoes worth Rs 30,000 was kept there. Some persons were fighting with each other fearing which I left the place to avoid any sort of altercation. When I returned, I saw that they were looting the mangoes kept there. There were 50-100 people who were involved in this act," Phool Mia, narrated the ordeal.

"A video got viral about the incident after which people donated to me on a portal. They empathised with me when I was ruined. I thank the media and all those people who have donated from the bottom of my heart as they made my Eid. Now, I would be able to celebrate Eid with my children. This shows humanity is still alive," he added.

However, four people have been arrested on the basis of video footage, Delhi Police said.

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