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Missing municipal governance

Financial Express Delhi

|

January 18, 2026

LAST WEEK, WHEN the results came for the election to the Brihanmumbai Municipal Corporation, it was the Chief Minister of Maharashtra who made it clear that he was the hero of this victory.

- TAVLEEN SINGH

Nobody saw the incongruity. Did you? Did you while watching the results stop for a moment and think that it was absurd that a chief minister should be exulting in a municipal victory? When Zohran Mamdani became Mayor of New York city, it was his victory and his alone and if he does not deliver on the promises he made, he alone will be held responsible. The buck stops with the mayor in most major cities in the world but in our colonial system of governance this does not happen. So municipal governance simply does not exist. Everything is controlled by chief ministers who have many other things to attend to.

This is the real reason why most Indian cities routinely make the annual list of the worst governed cities of the world. This is why nearly half the citizens of Mumbai live in squalid shanties that have no access to basic municipal services like clean water and electricity. As someone who has lived in Mumbai for the most part of more than 30 years, I consider myself an honorary citizen of this magnificent, chaotic behemoth of a city. But I also spend a lot of time brooding over how much more magnificent and how much less chaotic it would be if it was governed by an elected mayor instead of an autocratic, unelected Municipal Commissioner.

MEER VERHALEN VAN Financial Express Delhi

Financial Express Delhi

Bets of RBI buying, lower state debt sale lift bonds

BENCHMARK GOVERNMENT BONDS gained for a third straight session on Thursday as traders grew more confident of the buying support from the Reserve Bank of India (RBI) and ahead of another reduction in state debt auctions next week.

time to read

1 min

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Battery PLI loses charge

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time to read

2 mins

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Financial Express Delhi

Emergent eyes production-grade AI software

EMERGENT, A YEAR-OLD artificial intelligence (AI) startup founded by Dunzo co-founder Mukund Jha, is positioning itself around the idea that the next phase of software creation will be driven by non-programmers building full-fledged applications using Al, ratherthan developers writing code line by line.

time to read

1 mins

January 23, 2026

Financial Express Delhi

Bangladesh defiant: Will play, not in India

AFTERICC ULTIMATUM ON WORLD CUP PARTICIPATION

time to read

2 mins

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Financial Express Delhi

Scrappage policy needs strong incentives: Ashok Leyland CEO

DEMAND UNLOCK

time to read

2 mins

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Financial Express Delhi

Musk: AI robots will eventually outnumber us

ELON MUSK, A longtime critic of the World Economic Forum's (WEF) annual event in Davos, Switzerland, appeared at the gathering for the first time on Thursday, and predicted that robots will eventually outnumber humans.

time to read

1 min

January 23, 2026

Financial Express Delhi

Walmart to sell ₹9,173-cr stake in PhonePe IPO; Microsoft to exit

FINTECH MAJOR PHONEPE'S upcoming initial public offering (IPO) will see its parent Walmart partially offloading its stake, while investors Tiger Global and Microsoft Global Finance will look to sell their entire holdings.

time to read

1 min

January 23, 2026

Financial Express Delhi

Trump's Board of Peace off to a rocky start in Davos

G7 COUNTRIES OPT TO STAY ON THE SIDELINES

time to read

1 min

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Financial Express Delhi

Duroflex to step up omnichannel push

EYEING GROWTH Duroflex plans to raise ₹184 crore in fresh issue by the end of 2026 It plans launch of 120 stores from the IPO proceeds The IPO will comprise an offer for sale of over 22.5 mn shares

time to read

1 mins

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Financial Express Delhi

IndiGo Q3 profit falls 78% on Dec trouble

INTERGLOBE AVIATION, WHICH operates IndiGo, on Thursday reported a sharp fall in its October-December profit after onetime charges linked to widespread flight disruptions in December dragged earnings well below market expectations, even as revenue grew at a modest pace.

time to read

1 min

January 23, 2026

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