मैगज़्टर गोल्ड के साथ असीमित हो जाओ

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Mamdani's New York rise: Welfarism versus populism

Mint New Delhi

|

July 01, 2025

There's a crucial difference between the two and his plan for the city might be just what it needs

- AJIT RANADE

The 33-year-old Uganda-born son of immigrants, Zohran Mamdani, defeated 67-year-old Andrew Cuomo, three-term governor of New York state, in the city's mayoral primary poll for a Democratic party candidate. Mamdani's thumping victory has sent shockwaves in the party and exposed a divide between moderates and progressives. Cuomo has name recognition. He represents a powerful political dynasty, is a well-funded establishment figure and was backed by national heavyweights and endorsed by labour unions. Mamdani is a relatively unknown democrat socialist with a left-wing vision for the city, focused on issues of affordability, fairness and redistribution. If elected, he would be New York City's first Indian-American mayor and also the first Muslim to hold that office. His win made news in the US as a major upset that has overturned expectations and perhaps signalled an ideological shift. Mamdani was careful to assert that if elected, he would duly represent all New Yorkers.

Mint New Delhi से और कहानियाँ

Mint New Delhi

Mint New Delhi

Tobacco cess set to expire, enter health and national security cess

Finance minister Nirmala Sitharaman will introduce a bill in Lok Sabha on Monday to levy a new cess for public health and national security, replacing the GST compensation cess on tobacco, which will lapse when the Centre completes repayment of the loans raised to compensate states.

time to read

2 mins

December 01, 2025

Mint New Delhi

Mint New Delhi

China used to be a cash cow for western companies. Now it’s a test lab.

For Western companies in China, a new reality has set in: The easy money is gone and competition is only getting fiercer.

time to read

4 mins

December 01, 2025

Mint New Delhi

BEHIND THE GLOSSY REPORT: THE MAKE BELIEVE ESG WORLD

Recently, the Sebi chairperson made a distinction that should make every company board squirm, Speaking at the “Gatekeepers of Governance’ summit, Tuhin Kanta Pandey separated “compliance” from “governance” in a way that was both elegant and damning.

time to read

2 mins

December 01, 2025

Mint New Delhi

Mint New Delhi

Battery PLI may get new spark as rules set to ease

Scheme saw limited success; 50GWh capacity by Dec 2024 goal fell far short

time to read

3 mins

December 01, 2025

Mint New Delhi

Mint New Delhi

Why MF vendors haven't grown as fast as MF assets

A rising tide does not lift all boats—an adage that mutual fund distributors will vouch for.

time to read

4 mins

December 01, 2025

Mint New Delhi

Mint New Delhi

New safety, emission rules spell riches for parts firms

Anti-lock brakes? Sound alerts for EVs? Ever-changing emission norms? For India’s nimble auto parts makers, every new regulation to raise safety and lower pollution is opening up business avenues.

time to read

3 mins

December 01, 2025

Mint New Delhi

Mint New Delhi

Smart GDP growth casts shadow over December rate cut

The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.

time to read

2 mins

December 01, 2025

Mint New Delhi

Mint New Delhi

Early-stage funding climbs back, led by bigger cheques

This year's fundraising average is likely to surpass 2022, with more deals yet to be reported

time to read

2 mins

December 01, 2025

Mint New Delhi

Opec+ retains pause on oil supply hikes

The Organization of the Petroleum Exporting Countries and its partners (Opec+) will stick with plans to pause production increases during the first quarter, delegates said, amid growing signs of a surplus in global oil markets.

time to read

1 min

December 01, 2025

Mint New Delhi

Mint New Delhi

Gen Alpha will make new rules for their workplace

Gen Alpha will expect hybrid workplaces, Al tools and 4-day weeks— offices unrecognizable to their parents’

time to read

3 mins

December 01, 2025

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