Try GOLD - Free
Year-end musings
Financial Express Mumbai
|January 04, 2026
THE DEFINING POLITICAL image for me of the year just ended is Narendra Modi striding into BJP headquarters after the Bihar victory, smiling triumphantly and waving a Bihari scarf over his head.
What struck me was how much his body language had changed.Gone was the humility we saw after he failed to win a full majority in the Lok Sabha election in 2024.He had boasted of winning more than 400 seats and ended up without a simple majority. He managed to become Prime Minister for a third time, only with the help of allies. He appeared to sense that India’s voters had sent him a message. They had. They saw him as a better man to lead India than Rahul Gandhi, but seemed to warn that the autocratic tendencies he showed in his first two terms was something they did not approve of. There was even an unsubtle dressing down from the head of the RSS.
So, Modi seemed to become a new, humbler man. Now the old Modi is back, with knobs on. For this, he has Rahul Gandhi to thank. After he was able to win enough seats for the Congress party to become Leader of the Opposition, there was a moment when it seemed that India would finally have an Opposition in Parliament that would act as a check on the government’s power and enable parliamentary democracy to function as it should. It did not take long for that moment to turn into an illusion. The Congress party had a chance to rebuild its broken organisational infrastructure and emerge as a strong Opposition party, but it was a chance not taken. It remains a collection of courtiers and sycophants bowing and scraping at the feet of the Dynasty.
This story is from the January 04, 2026 edition of Financial Express Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Mumbai
Financial Express Mumbai
Amagi Media Labs fixes ₹343-361 price band for IPO
BENGALURU-BASED CLOUD VIDEO technology firm Amagi Media Labs has fixed a price band of₹343-361 per share for its initial public offering (IPO) worth ₹1,789 crore, according to its Red Herring Prospectus filed with the Registrar of Companies on January 7.
1 min
January 09, 2026
Financial Express Mumbai
NTPC explores 30 sites for nuclear plants
NTPC is scoping at least 30 locations across the country where it could build nuclear power projects, part of a plan to expand its clean energy portfolio, according to people familiar with the matter.
1 mins
January 09, 2026
Financial Express Mumbai
Ecologist Madhav Gadgil, champion of Western Ghats conservation, dies
IT WAS THOSE bird-watching walks on Vetal Tekdi (Hill) in Pune at a young age, encouraged by his economist father, that made him fall in love with the Western Ghats.
2 mins
January 09, 2026
Financial Express Mumbai
India Inc set to deliver modest numbers
THE DECEMBER 2025 quarter earnings season should see India Inc deliver a modest set of numbers.
2 mins
January 09, 2026
Financial Express Mumbai
Alphabet pips Apple, No. 2 in m-cap
ALPHABET HAS OVERTAKEN Apple to become the second-most valuable company by market capitalization, a reflection of how the Google parent has emerged as one of the most significant winners of artificial intelligence.
1 min
January 09, 2026
Financial Express Mumbai
Zepto free delivery limit at ₹149 now
QUICK COMMERCE PLATFORM Zepto has raised its free delivery threshold to ₹149, an increase of more than 50% from the earlier ₹99 level.
1 mins
January 09, 2026
Financial Express Mumbai
Low prices reason behind fall in agri GVA growth
2.7% growth in H2 indicated
2 mins
January 09, 2026
Financial Express Mumbai
Sebi alleges BofA unit shared private info
THE SECURITIES AND Exchange Board of India (Sebi) has accused a Bank of America (BofA) entity of violating insider trading rules and breaking internal “Chinese walls” in a 2024 share sale, a notice from the markets regulator showed.
2 mins
January 09, 2026
Financial Express Mumbai
Dec retail inflation to be around 1.45%: FE Poll
THE HEADLINE RETAIL inflation for December is estimated to stay on the upward trajectory after falling to a series-low in October due to adverse base effects in food prices and sequential firmness in precious metals, economists said.
2 mins
January 09, 2026
Financial Express Mumbai
Higher US tariffs loom over India
Move to punish countries buying oil from Russia
3 mins
January 09, 2026
Listen
Translate
Change font size
