Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

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.

MORE STORIES FROM Business Standard

Business Standard

4 RCPL brands cross ₹1K crore mark in FY26

Reliance Consumer Products Ltd (RCPL) has reported agross revenue of around ₹15,000 croreso far in 202526 (FY26), with fourbrands— Campa, Campa Energy, Independence and Good Life—eachcrossing ₹1,000 crore, In the October-December quarter (Q3), RCPL’s gross revenue crossed ₹5,000 crore.

time to read

1 mins

January 19, 2026

Business Standard

Business Standard

The value of the Mauritius treaty

High private investment requires sound tax policy and the rule of law.

time to read

4 mins

January 19, 2026

Business Standard

Business Standard

India may play out as a growth story in Davos

‘The weeklong s6th annual meeting of the World Economic Forum (WEF), starting January 19 in Davos, will have a strong desi flavour this year, with a large delegation of ministers, industrialists, and chief executives, along with senior representatives of state governments, headed to the Swiss town.

time to read

3 mins

January 19, 2026

Business Standard

Business Standard

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

Renewable energy investor Kushagra Nandan, who cofounded SunSource Energy in 2011 and biofuel firm REnergy Dynamics (RED) in 2024, has launched a new clean-technology company, LNK Energy, along with investor Varun Karad and Paritosh Ladhani, joint managing director of SLMG Beverages, India's largest Coca-Cola bottler.

time to read

1 mins

January 19, 2026

Business Standard

Nominal GDP growth for FY27 seen at 10-10.5%

The upcoming Union Budget, to be presented on February 1, is likely to assume nominal gross domestic product (GDP) growth between 10 and 10.5 per cent for the financial year 2026-2027 (FY27), a Business Standard poll of economists showed.

time to read

2 mins

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

Soon, single monthly snapshot to reflect all your savings

India's banking, financial services and insurance (BFSI) consumers may soon be able to take a comprehensive view of their savings and investments across asset classes with a single monthly snapshot statement, instead of separately reviewing and adding up month-end balances reported by the likes of mutual funds and banks, according to a proposal being discussed among financial regulators.

time to read

2 mins

January 19, 2026

Business Standard

Business Standard

From cash to clicks

Prime minister Narendra Modi earlier this month said India’s growth fact sheet was the success story of the “Reform, Perform and Transform” mantra while pointing to the emergence of the Unified Payments Interface (UPI) as one of the key reasons behind the transformation.

time to read

1 min

January 19, 2026

Business Standard

Business Standard

Domestic sales a booster dose for pharma revenues

Buoyant domestic sales are expected to lift revenues for pharma companies

time to read

2 mins

January 19, 2026

Business Standard

Business Standard

'A spirit of dialogue' at WEF, Davos, amid Trump's unilateralism

Today marks the completion of one year since Donald Trump began his second term as the President of the United States.

time to read

2 mins

January 19, 2026

Listen

Translate

Share

-
+

Change font size