試す - 無料

Mamdani's New York rise: Welfarism versus populism

Mint Bangalore

|

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 Bangalore からのその他のストーリー

Mint Bangalore

Tiger Global: Govt treads with caution

channels for adjudication of the issue,” said the first official quoted above.

time to read

1 mins

January 17, 2026

Mint Bangalore

Wipro, TechM outshine TCS, Infosys in weak Q3 for IT

Wipro, Tech Mahindra respectively reported 0.24% and 2.74% yearly rise in revenue in Q3

time to read

3 mins

January 17, 2026

Mint Bangalore

Mint Bangalore

24 hours at the Kochi-Muziris Biennale

What to see if you have just a day, or even a few hours, at the ongoing Kochi Biennale, which is on at 22 venues

time to read

4 mins

January 17, 2026

Mint Bangalore

Indian markets on mute amid mixed December qtr earnings

Indian stock markets wrapped up the week largely flat as investors parsed the first batch of December-quarter earnings, finding no clear cues to take fresh positions in the week ahead.

time to read

1 mins

January 17, 2026

Mint Bangalore

IT's Big Five face $500 mn labour code hit to profit

India's new labour codes eroded the profits of India's five largest information technology (IT) services companies in the December quarter as they recorded ₹4,645 crore ($500 million) in upfront costs as higher contributions to employees' retirement benefits.

time to read

1 min

January 17, 2026

Mint Bangalore

Mint Bangalore

Sebi floats reforms to ease FPI fund settlement, KYC

Acting on market feedback, the Securities and Exchange Board of India (Sebi) released a consultation paper on Friday that proposes to allow foreign portfolio investors (FPIs) to net funds, a move aimed at easing settlement rules to lower funding costs and address operational inefficiencies.

time to read

1 min

January 17, 2026

Mint Bangalore

Mint Bangalore

Unified Fema to cover export, import of goods and services

The central bank has eased import-export compliance for smaller exporters

time to read

2 mins

January 17, 2026

Mint Bangalore

Mint Bangalore

Loan growth, margin gains to boost HDFC, ICICI banks

Brokerages say the two private sector lenders are likely to post steady performance in Dec qtr

time to read

2 mins

January 17, 2026

Mint Bangalore

Mint Bangalore

Reliance’s oil & gas slump, retail drag down Q3 earnings

from the introduction of the new labour codes in India, and higher investments in its hyperlocal e-commerce business JioMart.

time to read

1 mins

January 17, 2026

Mint Bangalore

Sneh Rana's roller-coaster of a year

A season that began with rejection ended with a World Cup and a record contract for Sneh Rana

time to read

5 mins

January 17, 2026

Listen

Translate

Share

-
+

Change font size