Nagpur, Dec 13: Maharashtra’s opposition, Shiv Sena-Uddhav Balasaheb Thackeray (UBT), on Saturday alleged that the rights and interests of the Marathi people are being undermined by the government, led by Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde.

“The Fadnavis-Shinde government has reduced the Marathi people’s status to that of a ‘doormat’ and is now applying the balm of ‘Pagdi-mukta’ (Pagdi-free) Mumbai. This is hypocrisy. The real problem in Mumbai is that Marathi people are denied housing, and (Union Home Minister Amit) Shah, Shinde, Fadnavis and some cronies are the masterminds behind this,” it said in a hard-hitting editorial in the party mouthpiece ‘Saamana’.

It targeted DCM Shinde over his announcement of Mumbai to be made pagadi-free through a separate set of rules for the proper and fair redevelopment of old buildings under the pagadi system (a form of tenancy), which is claimed to benefit over 19,000 such buildings. Further, he had announced to grant “amnesty” to buildings without an Occupancy Certificate (OC), redevelop chawls on mill lands, and housing for police. There are reportedly 20,000 OC-less buildings in Mumbai, the editorial said, questioning how much of this will benefit the original residents of Mumbai— “the Marathi Manoos” or the sons of the soil.

The editorial also highlighted the “hypocrisy”, noting that in Shinde’s own Thane district, hundreds of Marathi families were rendered homeless after bulldozers razed many OC-less buildings, an outcry that went ignored.

“The amnesty in Mumbai is a move aimed solely at winning votes. These announcements were made when flood-affected farmers in Marathwada are reportedly not receiving aid, and 6.5 lakh farmers are deprived of the Samman Yojana, requiring Rs 5,975 crore in necessary funds. Further, all these announcements were made while the municipal elections are expected to be announced within the next 72 hours,” it said.

The Thackeray camp claimed that the recent announcements made by CM Fadnavis and DCM Shinde are with an eye on the upcoming elections to the BrihanMumbai Municipal Corporation and other civic bodies in the state, and are nothing but “old wine in a new bottle”. The overall strategy is to use money to fight elections and shower people with popular announcements to deceive them, it said.

It highlighted the alleged discrimination against Marathi people in Mumbai’s housing societies, claiming that in areas like Mira-Bhayandar and Mumbai, some builders have reportedly displayed boards on societies stating: “Only Marwadi-Jain will get homes here”, and that the BJP and RSS-affiliated people claim the primary language of Ghatkopar is Gujarati.

The Thackeray camp also claimed that Shinde and his associates have hatched a plan to snatch Mumbai from the hands of the Marathi people and present it as a gift to Home Minister Amit Shah, urging the Marathi people to be extremely careful. “A senior minister in the Maharashtra Cabinet reportedly stated during a legislature session that the BJP has a plan to divide Maharashtra, and Chief Minister Fadnavis is working on it. The individuals who call themselves ‘Shivsena’ (referring to the Shinde faction) are cowardly soldiers who remain silent, neglecting the state’s welfare. The moves to snatch Mumbai are part of these tactics,” the editorial said.

The Saamana editorial also said that the Chief Minister is said to have sanctioned a massive Rs 32,523 crore fund for various development projects across the Pune Metropolitan Area, encompassing 220 projects. “This rush of announcements is taking place despite the Chief Minister’s alleged admission of an economic emergency in the state, which is burdened with a debt of approximately Rs 9.5 lakh crore accrued under the Fadnavis-Shinde government.

Mumbai, Dec 13: Indian equity benchmarks made marginal losses during the week amid sustained FII outflows and uncertainty surrounding the US-India trade negotiations.

However, the market ended the week in a bullish tone with Nifty surging 0.57 per cent on the last trading day after the US Federal Reserve announced a 25-bps rate cut.

Benchmark indices Nifty and Sensex dipped 0.36 and 0.17 per cent during the week to close at 26,046 and 85,267, respectively.

Indian equities opened the week on a subdued note, amid continued rupee depreciation and negative global cues due to rising Japanese bond yields.

The US Fed rate cut later in the week eased liquidity concerns and fuelled hopes of renewed FII inflows. With supportive central bank policies, steady domestic investments, and optimism over trade progress despite unclear timelines, benchmarks closed the week on a strong note.

India’s year-on-year inflation rate based on the Consumer Price Index (CPI) was estimated at 0.71 per cent for November this year which was marginally higher than the 0.25 per cent in October, according to figures released by the Ministry of Statistics.

Broader indices underperformed, with the Nifty Midcap100 and Smallcap100 down 0.51 per cent and 0.67 per cent, respectively, in a week.

Sectoral performance was mixed, with IT under pressure while PSU banks, real estate and consumer durables witnessed selective buying.

Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates, said that Nifty’s weekly chart shows buying interest at lower levels.

Nifty has 26,200 and 26,325 as stiff resistance levels while 25,700 will act as support zone, he added.

Analysts said that markets will likely remain positive in near future but sensitive to rupee stability, FII flow trends, trade agreement clarity, and cues from major central banks abroad.

Amidst risks from currency fluctuations and global trade uncertainties, improving earnings visibility and liquidity support provide a constructive backdrop and downside protection, they added.

Mumbai: experienced a crisp and relatively cool start to Saturday, offering residents a brief respite from the city’s usual humidity. According to the India Meteorological Department (IMD), temperatures were expected to range between a minimum of around 16°C and a maximum of 32°C, making it one of the more pleasant winter days this season. Clear skies and mild winds contributed to the comfortable feel, drawing many residents outdoors during the early hours.

However, the inviting weather concealed a continuing environmental concern. A thin haze lingered over large parts of the city, serving as a visible reminder of Mumbai’s deteriorating air quality. Data released by air quality monitoring platform AQI.in showed that the city’s overall Air Quality Index (AQI) stood at 220 on Saturday morning, placing it in the ‘unhealthy’ category. Such levels can pose health risks, particularly to children, the elderly and those with respiratory conditions.

The persistent pollution is attributed largely to Mumbai’s ongoing infrastructure expansion. Dust and fine particulate matter generated by multiple large-scale government projects, including metro corridors, coastal road works, bridge construction and extensive road widening, continue to majorly impact air quality. In addition, numerous private real estate developments underway across the city add to the pollution load, especially during dry winter months when dust tends to linger in the air.

AQI readings across different areas revealed sharp disparities. The Wadala Truck Terminal emerged as the most polluted hotspot, recording a staggering AQI of 424, categorised as ‘hazardous’. At this level, even healthy individuals may experience adverse health effects. Several other areas also reported alarmingly high pollution levels. Matunga recorded an AQI of 328, while Deonar stood at 306, both falling in the ‘severe’ category. Colaba and Chembur followed closely, registering AQI levels of 305 and 304, respectively.

Conditions were relatively better in some suburban areas, though still far from ideal. Kandivali East stood at 73, Parel–Bhoiwada recorded an AQI of 88 and Jogeshwari East at 95, all within the ‘moderate’ range. However, pollution levels worsened in other suburbs, with Borivali East recording an AQI of 150 and Malad West 173, both classified as ‘poor’.

For reference, AQI levels between 0 and 50 are considered ‘good’, 51 to 100 ‘moderate’, 101 to 150 ‘poor’, 151 to 200 ‘unhealthy’, and anything above 200 falls into the ‘hazardous’ category. Despite the pleasant winter weather, Mumbai’s ongoing battle with air pollution continues to overshadow the city’s mornings.