Shiv Sena is a Hindu right-wing party founded in 1966 by Bal Thackeray, then a political cartoonist, in Maharashtra. The party fought for the rights of the Marathis in the face of a wave of immigration from Kerala and other southern states in the 1960s. But from pro-Maratha, it soon took on the image of being a pro-Hindu party, and has faced charges of inciting hate and participating in the violence, leading up to the Bombay riots of 1992-1993.
In alliance with the Bharatiya Janata Party (BJP), the Shiv Sena came to power in Maharashtra in 1995. The alliance remained till 2019, except for a brief breakup in 2014. It was in 2019, that the Shiv Sena, now under the leadership of Uddhav Thackeray, decided to break with the BJP, and joined hands with the Congress and the Nationalist Congress Party (NCP) — parties ideologically opposed to it. This led to a split in 2022, when another Shiv Sena emerged under Eknath Shinde.
Rebellion, though, is not new to the party. The Sena split in 1991 when senior leader Chhagan Bhujbal quit along with many MLAs and workers. Then, in 2005, Narayan Rane quit and took several lawmakers along with him. Uddhav Thackeray’s cousin, Raj, left the party along with several lawmakers and workers in 2006.
Plan to merger is a welcome decision but must be done at the earliest. Since Sept.23rd till date, the depositors are on the streets for the wrong doings of others, no fault of theirs. Its very difficult to sell legal complicated properties, but if govt. and RBI decides to help out, they can surely do it.
Merging must be done at the earliest. RBI must pump some crores to the bank which will take over PMC. Amount recd on sale of assets of the builder can be adjusted to RBI. Its already 3 months , the depositors are on streets , no fault of theirs. Sell all the properties of Joy Thomas, the builders, the auditors and pay entire amount to the depositors. Already, we are all loosing trust in banks.