India’s Nationalist Congress Party is seeking the expulsion of former opposition politician Ajit Pawar from the Maharashtra assembly after he rebelled against the party leadership.
Mr Pawar took up the post of deputy chief minister of the state last week after joining the alliance between Shiv Sena and the BJP.
Maharashtra is a political hotbed in India and is home to its financial capital, Mumbai.
Members of the state’s 288-member legislative assembly will head to the polls next year. But there have new political dramas, with politicians breaking away from their parties and joining the government.
Mr Pawar, 63, is the latest to join the coalition. He rebelled against his uncle and mentor Sharad Pawar, who formed the NCP 24 years ago, but has not left the party. Instead, he is laying claim to the NCP, claiming he has the support of party workers.
Eight other NCP legislators were also made ministers in the government.
The NCP has submitted a petition to the Speaker of the Maharashtra assembly seeking the disqualification of Mr Pawar and the other eight leaders.
“The very act of these MLAs of going to the governor of Maharashtra, and taking oath as deputy chief minister and ministers in the government led by Eknath Shinde – which is strongly opposed by the NCP – amounts to voluntarily giving up membership of the NCP political party,” the disqualification petition said.
The scenes were reminiscent of last year when Mr Shinde, 58, a one-time loyalist of former state chief Uddhav Thackeray revolted against him over claims that he was moving away from the party's main plank of Hindutva – Hindu supremacy.
Shiv Sena, a right-wing, Hindu ultranationalist, political party was formed by Mr Thackeray’s father, cartoonist and firebrand leader Bal Thackeray, in 1966.
This is the third time Mr Pawar has become the deputy chief minister in the last three years. He first rebelled against his uncle 14 years ago over his leadership style and criticised his decision-making.
In 2019, he again revolted against the senior leader and formed a government in alliance with the BJP but the government lasted only for 80 hours as the veteran leader managed to suppress the revolt and avoid a party split.
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
A timeline of the Historical Dictionary of the Arabic Language
- 2018: Formal work begins
- November 2021: First 17 volumes launched
- November 2022: Additional 19 volumes released
- October 2023: Another 31 volumes released
- November 2024: All 127 volumes completed
Mohammed bin Zayed Majlis
Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
Men’s singles
Group A: Son Wan-ho (Kor), Lee Chong Wei (Mas), Ng Long Angus (HK), Chen Long (Chn)
Group B: Kidambi Srikanth (Ind), Shi Yugi (Chn), Chou Tien Chen (Tpe), Viktor Axelsen (Den)
Women’s Singles
Group A: Akane Yamaguchi (Jpn), Pusarla Sindhu (Ind), Sayaka Sato (Jpn), He Bingjiao (Chn)
Group B: Tai Tzu Ying (Tpe), Sung Hi-hyun (Kor), Ratchanok Intanon (Tha), Chen Yufei (Chn)
MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia on October 10
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Company%20Profile
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