Versuchen GOLD - Frei

Task cut out for BJP in Maximum City

Business Standard

|

January 19, 2026

With the Mahayuti alliance wresting control of India’s richest civic body, it now needs to deliver on the promises it made to each section of the economic strata. Shreyas Ubgade writes

- Shreyas Ubgade writes

Task cut out for BJP in Maximum City

Maharashtra CM Devendra Fadnavis at an event to celebrate the BJP's victory in the state's municipal corporation polls

(PHOTO: PTI)

Addressing a rally while campaigning for elections to the 29 municipal corporations in Maharashtra, Chief Minister Devendra Fadnavis said infrastructure works worth nearly %2 trillion were underway across the Mumbai Metropolitan Region (MMR) — one of the most urbanised belts in India with 9 municipal corporations.

In the results that came in on January 16, the Bharatiya Janata Party (BJP), along with allies, won the country’s richest civic body, the Brihanmumbai Municipal Corporation (BMC) — effectively ending a three-decade run by the Thackeray family, despite cousins Uddhav and Raj joining hands after sparring for two decades in a bid to consolidate the Marathi votes.

Apart from BMC, the BJP-led Mahayuti also commands a majority in 22 other civic bodies.

According to some experts, the helming of the BMC by a national political party that is also in power at the Centre may fast-track execution of big-ticket infrastructure projects.

“Urban areas contribute overwhelmingly to the national income: About 6§ per cent. The commissioners for the MMRDA and the BMC are generally handpicked by the CM. When there are different power centres at the BMC and the state level, the natural reflex of the bureaucracy is to stall and procrastinate. The moment big projects get postponed, there is cost escalation. Now, with the same party at the Centre, state, and the BMC, the government will be able to negotiate with the multilateral agencies to get loans for mega projects in the MMR,” says Abhay Pethe, former economics professor at the University of Mumbai and senior fellow at the Pune International Centre.

WEITERE GESCHICHTEN VON Business Standard

Business Standard

The long road to recovery

IBC and NCLT have helped banks in recovery and resolution of bad debt, but we need more NCLT members and Benches to reduce time taken

time to read

5 mins

January 19, 2026

Business Standard

Business Standard

BlackRock's Rick Rieder bid for Fed Chair gains traction

The candidacy of BlackRock’s Senior Managing Director Rick Rieder (pictured) to be the next Federal Reserve chair has gained late momentum, people familiar with the matter say, as President Donald Trump weighs congressional blowback in his bid to put a friendlier face at the head of the central bank.

time to read

1 mins

January 19, 2026

Business Standard

'Earnings growth to move more in line with nominal GDP'

The growth outlook remains constructive, but current valuations already reflect much of that optimism, says Anand Shah, chief investment officer, portfolio management services and alternative investment fund at ICICI Prudential Asset Management Company. In an email interview with Abhishek Kumar, Shah says the market offers selective opportunities, with some pockets looking expensive and others presenting attractive businesses with clear earnings visibility. Edited excerpts:

time to read

3 mins

January 19, 2026

Business Standard

IT firms meander through deal-pricing complexity in era of AI agents

ANALYSTS SAID THE TRADITIONAL PRICING MODEL THAT HAS LONG RELIED ON TIME AND MATERIAL TO DETERMINE HOW MUCH A CLIENT PAID PER EMPLOYEE, NEEDED TO BE TWEAKED

time to read

2 mins

January 19, 2026

Business Standard

SunSource founder-led trio plans ₹10K cr cleantech push

The first project involves a 6 gigawatt solar cell and module manufacturing plant with integrated ingot and wafer facilities at Chhatrapati Sambhajinagar in Maharashtra.

time to read

1 min

January 19, 2026

Business Standard

Two busy weeks ahead for MEA

From hosting UAE President and Poland's deputy PM to continuing negotiations on trade with the US, South Block prepares for a hectic diplomatic calendar. Archis Mohan reports

time to read

2 mins

January 19, 2026

Business Standard

Smallcap MFs looking to distance from stocks beyond top 1,000

Their exposure just 2% of scheme corpus, finds study

time to read

1 min

January 19, 2026

Business Standard

Pentagon readies 1,500 troops to possibly deploy to Minnesota

The Pentagon has ordered about 1,500 active-duty soldiers to prepare for a possible deployment to Minnesota, the site of large protests against the government’s deportation drive, US media reported on Sunday.

time to read

1 min

January 19, 2026

Business Standard

Proptech firms see sustained investor interest

Deeper adoption in realty market witnessed

time to read

1 min

January 19, 2026

Business Standard

Legal tangle

Investment requires long-term certainty

time to read

2 mins

January 19, 2026

Listen

Translate

Share

-
+

Change font size