Sensex Or Gold: Which Will Hit The 1-Lakh Mark In 2025?

Gold is all about safety and it appears that presently the geo-political situation seems to be at status-quo with a possibility that things may improve. Customs duty is something which can spook prices but with the cut in duties earlier this year, even that event is currently ruled out. Rupee depreciation has happened over the last few months, but further sharp downside may be difficult. Sensex is a reflection of the economy and though we seem to be having a tough time it’s still at a level where we are better than most large economies. Other than crude oil and edible oil, we are a fairly self-consuming country. Markets have done well with the Sensex gaining about 10% in the year to hover around 78,000 points while gold rose by 22% to Rs 76,000. This includes the gains on account of the reduction in customs duty. Knowing our humongous capacity for buying and storing gold, to expect that prices would move by another 31% in calendar year 2025 and touch the Rs100,000 mark look most unlikely. In the same breath, expecting Sensex to move 26% and touch 100,000 points either is also tough. Foreign Portfolio Investment or FPI selling, valuations at elevated levels even though they have softened is still expecting too much. I believe the expectation that the race to touch 1 lakh for gold or 100,000 points for Sensex is unlikely to happen in the coming 12 months. Both gold and Sensex are more likely to touch the 1-lakh mark in the calendar year 2026. Is there a tilt towards one of the two? Yes. The shine and lure of gold is much more than equity even though over the last four years equity investors have grown over four times. (By Arun Kejriwal)

Election Time At BCCI: Who Will Be The Next Secretary And Treasurer?

Jay Shah has taken charge as Chair of the International Cricket Council (ICC) leaving the Secretary’s post to be filled at a special general meeting and election on January 12. The BCCI’s president, a distinguished former cricketer and 1983 World Cup-winning star, Roger Binny deputed Jt Secretary, Devajit Saikia to carry out the duties of the Secretary till the time the election process is completed. Meanwhile another vacancy in the BCCI was created when its Treasurer Ashish Shelar was chosen in the Maharashtra State Cabinet. According to the BCCI Constitution, ministers are barred from holding any position in the BCCI/State set up.  So the election process has been called for by the electoral officer. The 34 representatives of the voting members have been announced with no representatives from the Railways, Services and All India Universities. The nominations for the two posts will be known on January 4, the last day to file the papers. Which means the future Secretary and Treasurer will be known on January 4 itself because only those who have the blessings of the powers that be will have filed the necessary documents. Assam’s Saikia who is also on the ICC Board may be continued till the next AGM and election in September 2025. The grapevine is telling the cricket world that Mumbai Cricket Association Vice President Sanjay Naik has a good chance of becoming the Treasurer. Naik is known to be close to the outgoing Treasurer Shelar. Naik will complete six years together at the MCA and BCCI (should he become the BCCI Treasurer) next September and will run into a cooling off period of three years. (By G Viswanath)

Govt’s Move To Issue BIS Certificates To Overseas MNCs Plants Will Nullify Make In India Drive

Make in India, as a concept, cannot be simply wished away in a country with a population of over 140 crore. Not surprisingly, Prime Minister Narendra Modi is leading the push and leaving no stone unturned in convincing overseas companies to make in India to address the domestic needs and also satiate the global demand. This, no doubt, requires a holistic approach. But this one move appears to be a self-defeating exercise. Or how else could one describe this? Well, an exercise is believed to be quietly under way to issue BIS (Bureau of Indian Standards) certificates to overseas manufacturing facilities of multinationals which intend to sell their branded iconic products in India. Clearly, it is an oxymoron exercise. On the one hand, there is a high-level intention to entice people to set up shops in India. On the other hand, there is a liberal approach to issuing BIS certificates for overseas facilities of companies which intend to make their iconic brands in India. If they could get a BIS certificate for their overseas plants, why would they think of setting up shops in India either on their own or through collaborations? Even as the owners of big brands are pushing hard to get a BIS tag for their facilities abroad, the Indian industries such as footwear and others are feeling somewhat fidgety. Well, the government machinery appears to be working at a cross-purpose. (By KT Jagannathan)

 Annamalai’s Flogging Drama Upsets BJP Plans For Tamil Nadu

“From tomorrow onwards until the DMK is removed from power, I will not wear any footwear”…the unique protest by Tamil Nadu BJP president K Annamalai of flogging himself six times on December 27 and vowing not to wear footwear until the ruling DMK is removed from power is being largely viewed  in BJP circles more as a pressure tactic to continue him as state BJP chief rather than pose any threat to Stalin government or seriously take up the issue of sexual assault of a student inside a campus in Anna University, Chennai. Already the Madras HC is seized of the matter. Standing shirtless in a green veshti outside his Coimbatore residence, Annamalai whipped himself before a crowd of BJP supporters. He claimed that it was the first of his acts of “atonement” for the DMK government’s inefficiency in the Anna University sexual assault case, in which a man identified as Gnanasekaran is accused of sexually assaulting a student and attacking her male friend on December 23. Gnanasekaran was arrested the next day and soon, allegations of his links to the DMK emerged as several pictures of him with party functionaries were posted on social media.  Incidentally Annamalai’s self-flagellation drama hasn’t gone down well with BJP central leadership particularly Home Minister Amit Shah who feels there should be a new face to lead TN. Annamalai’s tough stand against AIADMK and fellow Gounder Edappadi K Palaniswami have not helped the BJP. Lok Sabha elections in the state were disastrous when the party went solo. BJP sources feel if the party must grow in TN it must have an alliance with AIADMK and feel Annamalai will have to be eased out before 2026 assembly polls.  (By Lakshmi Iyer)

Next Maharashtra BJP Chief A Thorn in the Flesh For Eknath Shinde?

Senior BJP leader Ravindra Chavan’s anointment as the next possible Maharashtra BJP president has sent warning signals for the supporters of deputy chief minister Eknath Shinde, once again indicating internecine power play within the ruling Mahayuti alliance. Chavan’s name has been announced as the state in-charge by outgoing president Chandrashekhar Bawankule. The reshuffle was expected ever since Chavan was not included in the cabinet while Bawankule was asked to contest the assembly election which he has won. Chavan was a minister in the previous Shinde government, holding the public works department, considered a prominent position in the state hierarchy. The tussle between Shinde and Chavan is based in Thane district from which both have been getting elected time and again. In the recent assembly election, the BJP bagged nine seats while Shinde’s Shiv Sena won six. Chavan’s contribution in this handsome victory was lauded by chief minister Devendra Fadnavis by visiting Thane for a party function. This gesture has made Shinde’s supporters jittery since local body elections are expected to be held in the near future. Thane has always remained a matter of tension between the Sena and the BJP, from the days of Balasaheb Thackeray. So far, Shinde has prevailed but the assembly results have changed the picture. Chavan was elected to the assembly for the first time in 2009. Under his tutelage, the BJP has been performing well in the district. A formal announcement about Chavan’s appointment as state BJP chief is expected soon. (By Dilip Chaware)

With Thalapathy Vijay Out Of The Way, Ajith Could Be The Lone Superstar In Kollywood

For Tamils, Pongal is the height of inviting prosperity into homes. It is also the time when wallets are thrown open generously for entertainment, especially movies. So along with the controversial Jallikattu (Bull taming), families eagerly await new film releases. This Pongal Ajith Kumar and his much delayed Vidaamuyarchi is the film that all his adoring fans are eagerly waiting for. Already, much news was aired about Ajith’s illness, the stop-start shooting schedules in Azerbaijan and the many challenges that director Magizh Thirumeni had to face in completing this film. With the ravishing Trisha as his co-star, recent first look pictures have been praised sky high…Arjun, and Regina Cassandra are also in the film which has been already snapped up by Netflix after its cinema run. At November end, Lyca Productions aired a silent teaser video, in which a trim, suited and booted Ajith and a slim and svelte Trisha hit the high notes, hand in hand. With his overwhelming competitor, Vijay out of the film world, the often acrimonious and acerbic competition for biggest following of both, no longer exists. Yes, outsider Sivakarthikeyan has gained huge strides after his rocking performance in Amaran and Ajith could be back again on that treadmill. But Ajit has a unique fan following for his suave looks, underplayed roles and a sophisticated aura no other South star has touched. Suddenly, out of the blue, director Aadik Ravichandran aired some first looks of another Ajith film, Good, Bad and Ugly. Serendipity…cheap copy of that classic Clint Eastwood cult spaghetti Western?  Can Ajith pull off a hit with this and make it a double treat for Pongal? (By Padma Ramnath)

Ex-BJP Leaders’ Hobson’s Choice Causes Post Poll Quandary? Not Really!

The Maharashtra state assembly elections gained BJP 132 elected MLAs out of 288 in the legislature and yet, some of its candidates lost out after contesting on tickets from alliance partners Shiv Sena and NCP. What does the future portend for them and will they rejoin BJP? BJP sources reveal the leaders so loaned out never resigned their parent party membership at all. Assembly elections witnessed chief minister Devendra Fadnavis, the Maha Chanakya, micro-managing not just candidatures for 148 seats his party contested but also fielding nine BJP leaders to contest from deputy CM Eknath Shinde’s Shiv Sena and five from deputy CM Ajit Pawar’s NCP. Over 19 BJP leaders were fielded, some even as independent candidates, to upset the apple cart of the Maha Vikas Aghadi. Unfortunately, BJP leaders like Santosh Shetty contesting from Bhiwandi, Ajit Pingle from Dharashiv, Shaina NC from Mumbadevi lost the electoral battle as Shiv Sena candidates and must contemplate their political future seriously. They were loaned out to alliance partners for the express purpose of impacting election results in favour of the Mahayuti alliance. It is clear Shaina NC performed creditably from south Mumbai’s Mumbadevi assembly constituency securing over 40,000 voter ayes in her favour despite over 55% of voters comprising minority community members who single-mindedly voted Congress’ Amin Patel (since 2009). Shaina and other BJP leaders who contested from different alliance parties continue to be BJP members, however, the problem of plenty that the BJP now enjoys will lead to a lot of jostling for space within the party. (By Renni Abraham)

Mahayuti Won 107, Not 237 Seats Alleges Sharad Pawar’s MLA

Nationalist Congress Party (Sharad Pawar) MLA Uttam Jankar has made a sensational allegation regarding the recent assembly election results in Maharashtra. After calling on Pawar in Baramati on Sunday, Jankar said the Mahayuti alliance had won just 107 seats in the 288-member house though the official results have placed the number at 237. Jankar had shot to fame recently when he had announced a ballot paper voting in Markadwadi village in his Malshiras assembly constituency in Solapur district. The move was abandoned after it was disallowed by the authorities, deploying massive police bandobast. Undeterred, Jankar has reiterated his suspicion of the EVMs and has warned that he will take up the issue with the EC, Pawar and Congress leader Rahul Gandhi. The objections against the EVMs have been repeatedly rejected by the EC and the Supreme Court. Pawar himself and his daughter Supriya Sule, MP, have desisted from making any adverse observations about the election process. Still, certain INDIA bloc leaders persist in raking up the issue. Jankar has created sensation by charging that rival NCP’s leader Ajit Pawar had lost the election from the prestigious Baramati constituency in actuality but was declared elected by the EC by a thumping margin. Jankar said the results in nearly 150 constituencies were open to such suspicions.  He demanded that the VVPAT slips should be given to the voter for dropping into the ballot box and should not drop automatically. (By Dilip Chaware)

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