NDMC

On a day that India saw another round of voting in the ongoing Lok Sabha elections, and people were engrossed in coverage of verbal slugfests between leaders, sensational comments by candidates and all the typical frenzy that accompanies the conduct of elections, the national capital quietly conducted the final phase of an election that is no less important for the Delhiite. The annual elections for the post of Mayor, Deputy Mayor and the vital three member standing committee (Sthayi Samiti) of three autonomous municipal bodies of Delhi (MCDs) concluded on Monday unanimously. With the ruling BJP enjoying a clear majority…

The three-year war of attrition between the Aam Aadmi Party (AAP) government and Lt Governor Anil Baijal over installation of CCTV cameras across the capital appears to be over. Work has now begun on the plan to install 2000 cameras in each of Delhi’s 70 assembly segments, one of the flagship programmes of the Arvind Kejriwal government. The objective is crime prevention. As per police records, Delhi sees one murder, six robberies, as many rapes, nine molestations, 19 snatchings, 126 vehicle thefts and 17 fatal road accidents every day, besides the ever present threat of terrorist attacks. Making the security…

It was in 1997 that Bangalore city corporation issued the first municipal bond in India, backed by a state government guarantee. The next year, Ahmedabad issued bonds worth Rs 100 crore, without government guarantee. But the momentum didn’t pick up - bonds worth only about Rs 1500 cr have been issued overall since then, and there have been no issues in the more recent years. Last June, however, Pune Municipal Corporation (PMC) became the first city to issue bonds after a long gap. Bonds worth Rs 200 cr were issue to fund PMC’s 24X7 water supply project. Then again, in…