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A neta at it again! States - Kerala Illegal mining of sand Come to Tamil Nadu where the action is... A blueprint for the future Technology has raised the bar... TN to suffer serious loss TN can leverage NLC’s strengths... It indeed is attractive for investments Kochi Metro Rail Project Homestays, a budding tourism industry Flurry of collaborations inked by AP Bus services hit Winds of change... States - Odisha Nod to cow slaughter bill Infrastructure to the FORE Time to wake up Competing for good: Tale of two states More government apps Hype on Hyperloop Waste disposal model Global meets galore Infra boost to the new capital MOUs worth Rs.10.54 lakh crore signed Benevolent businessthan... MCL has a taste of judicial activism! SIPB clears big proposals Strike over salary hike Vedanta to close Lanjigarh refinery Divide & Prosper Lingayats get a reminder: it’s poll time AP in better shape Inter-State boundary ‘E’ for enterprise Info-Park, more space Deputy Collector Sindhu! Stirring the political cauldron Pioneering education model When business flocks to MP... Tasks for the new government Land scams rock AP & TS States Roundup Land acquisition policy is ahead of national policy... It’s Karnataka chalo for Amit Shah? Bhubaneswar IIT cries for completion ODISHA Global Investors Meet Post Poned Bifurcation yet to end water wars Bringing magic of Rajasthan alive KNPP with the grid KTR releases Annual Report Green crimes galore Launch of ins vikrant, India’s first indigenous aircraft carrier Enticing pest traps Enchanting and enterprising Tamil Nadu Miners asked to pay more City of foaming lakes and fire Development depends on land availability... Leaky old lorries, mini cabs for techies... An industrious idea With agriculture at its heart... Thalaivaa Reducing carbon footprint... TN to suffer serious loss A giant push for millets Power for all Of development and welfare Fanciful Rao and tech-savvy Naidu CII to set up tourism bureaus Monsoon fury State under siege Oh, la la. Industrial corridors to boost economy State of the States Doubling production and tripling farmers’ income... Wouldn’t the Mahatma like clean restrooms in our cities! KCR’s I-day bonanza Municipal Elections A year of Telangana State Forward Why the Congress won in Karnataka Mango Diplomacy Promise of a productive year All these happened in TN…
Municipal Elections

In the municipal elections of Maharashtra, the BJP’s gains were spectacular. It was saffron all over. It swept Nagpur, Nashik and Pune and was behind the Shiv Sena in Mumbai metro and Thane. The Shiv Sena, which had been controlling Mumbai for more than three decades, could not get an absolute majority this time with the BJP breathing down its neck. Chief Minister Devendra Fadnavis, with his electrifying campaign established his popularity beyond doubt. Both NCP and the Congress had to eat crow.

The bitter fight between the BJP and the Shiv Sena prior to the elections notwithstanding, the BJP conceded the posts of Mayor and the Deputy Mayor to Shiv Sena without contest lest its coalition in the state and in the Centre gets jeopardised. 

The Municipal Commissioner from the IAS cadre and, not the Mayor, would exercise the real power in the corporation. The Commissioner is appointed by the state government.

The Mumbai Corporation is the wealthiest of all such civic bodies in India. But managing the Maximum City with a large contingent of migrant labour has been complex. There has been widespread corruption. The emergence of BJP with much larger numbers in the council and with the clean image of Modi and Fadnavis, there are expectations of a much cleaner administration.


BSE creates history

The initial public offer (IPO) of BSE Ltd., the first by a domestic stock exchange, got oversubscribed 51 times. The scrip was listed at the NSE at Rs 1085, with a 35 per cent premium over the issue price. The Bombay Stock Exchange was started under a banyan tree as an association of brokers towards the end of the 19th century. It grew steadily to become the spokesman and image of capital market in India. The Sensex has become a barometer for all investors.

For decades, the brokers owned the exchange. But with ownership resting with management, professionalism was at risk. When complaints of insider trading flew thick, the board was re-constituted with brokers removed from executive functions. I was appointed chairman of a new board with experts from banking, industry, brokers and the government, assisted and directed by SEBI. Elaborate care was bestowed on various aspects of management on the transformation into a corporate unit. 

The conversion of the BSE as an association into BSE Ltd. was achieved within two years.

- S Jambunathan, IAS (Retd)

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