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Minal Sancheti

2 May 2026 at 12:26:53 pm

‘Transparent, smarter, faster, and corruption-free’

Mumbai Mayor Ritu Tawde dreams of Mumbai’s transformation with innovative ideas and team work Pic: Bhushan Koyande On May 22, Ritu Tawde completed 100 days as Mumbai’s Mayor. She is the only second Mayor of the City of Dreams from the BJP. In an exclusive conversation with Minal Sancheti, Tawde outlines her plans for Mumbai in the coming days. Excerts… What were some of the challenges you faced in these 100 days? With the support of PM Narendra Modi and Chief Minister Devendra Fadnavis, I...

‘Transparent, smarter, faster, and corruption-free’

Mumbai Mayor Ritu Tawde dreams of Mumbai’s transformation with innovative ideas and team work Pic: Bhushan Koyande On May 22, Ritu Tawde completed 100 days as Mumbai’s Mayor. She is the only second Mayor of the City of Dreams from the BJP. In an exclusive conversation with Minal Sancheti, Tawde outlines her plans for Mumbai in the coming days. Excerts… What were some of the challenges you faced in these 100 days? With the support of PM Narendra Modi and Chief Minister Devendra Fadnavis, I got the position of Mayor of Mumbai. For four years, there were no corporators. People have expectations that the civic issues will be solved. Earlier, there was an administrator mindset and methodology of working without a corporator. This mindset needed to be changed. In addition to that, speeding up infrastructure work and projects was a big task. Civic issues due to pre-monsoon work, like drainage repair, cement concretisation of roads, and AQI, are the prime issues to be addressed. Can you tell us about your plans to make Mumbai develop in terms of environment as well as infrastructure? BMC is already implementing a cement concrete road project to ensure that the city is free from potholes. There are different infrastructure projects which are being undertaken by various authorities, including flyovers, metros, railover bridges, and redevelopment projects, etc. After the year 2014, Mumbai has seen rapid development projects such as the coastal road, Atal Setu, and Metro 3. These projects have really transformed Mumbai into a global city. BMC has also undertaken various infrastructure projects. Some of them have already been completed. As far as the environment is concerned, BMC has taken several measures. BMC has issued and is ensuring the strict implementation of pollution control guidelines. These guidelines apply to government construction sites and projects as well. BMC has developed urban forests at more than 60 places, and we are trying to create greener spaces at open plots, locations, and under flyovers, wherever possible. BMC also ensures the strict implementation of a ban on single-use plastics. We have approved the work on the Gargai Dam. The dam is being built to fulfil the future water needs of the city. It was long pending, and we also reduced the cost of building the dam. What changes are you planning in the city's administration? When contested elections were held by the BJP, we requested citizens to send suggestions so that we could achieve a good outcome and chalk out the plan. Based on that, we created a manifesto, and after winning the election, I, as a mayor and member of the Mahayuti alliance, have declared a 100-day programme. What are your priorities? Water, cleanliness, health, education, etc. My colleagues and I have decided to work on the ground because there is so much pre-monsoon work being carried out. This includes desilting rivers and nallas, road works, road repairing, trimming of trees, cleaning of side drains, and many others. Also, I visited some of the project sites, like the redevelopment of Siddharth Hospital and Rajawadi Hospital, to ensure speedy, proper work. The site visit always helps to take a stock of the situation and understand the ground realities. We see many demolitions being carried out. What do you plan to do with the spaces? The land, which is owned by the government, BMC, or any other authority, is always invaluable. These lands are important for developing the projects and extending the capacity of existing projects and infrastructure. Thus, if any encroachment or illegal construction is found, then it has to be demolished. Someone living on government land cannot claim ownership of the land. Before demolition, every authority ensures adherence to the procedure to vacate the space, which also includes verification of proof of residence and eligibility for rehabilitation. Those who are eligible get rehabilitation. What changes are you planning in the city's administration? We have started with the aim to transform the administration by making it citizen-friendly, faster, and smarter. By doing this, we want to meet the global standards. Mumbai, being the country’s financial capital, needs robust administration. We need 100 per cent digitalisation by incorporating AI at various levels and corruption-free governance. This is what we are aiming for. Being a local self-government, BMC is bound to provide basic civic services and amenities to the citizens of Mumbai. As I mentioned earlier, we have given sanction to the Gargai Dam project, which will boost water supply once completed. We have also launched the Mumbai Clean League 2026 to improve public sanitation and cleanliness at public and tourist places. This league will run for a year, and it will also invite public participation. We are also focusing on the improvement of the public health system. We are focused on the timely completion of hospital infrastructure projects, the development of the Hospital Information Management System, as well as the availability of medicines and other facilities. We have developed a dashboard where everyone can see the availability of beds at BMC hospitals. As far as education is concerned, we have initiated procurement of 27 articles from the GeM Portal, which are to be given free of cost to the students. This GeM procurement is happening for the first time in the history of BMC. The procurement will be placed on the GEM portal, ensuring a transparent and corruption-free process. This will also save crores of rupees. Do you think Mumbai's Mayor should have more executive powers? In what terms? Yes. Mumbai is the capital of Maharashtra and the financial capital of Bharat. BMC is the richest and biggest corporation in the world. Mayors and councillors are the representatives of citizens in general. To meet the expectations of the people, executive power and rights may be accorded. This would help to perform more efficiently. How do you look at the women's governance in the BMC? I am thankful to the CM Devendra Fadnavis. His visionary leadership and trust in women's power are something that the state has never seen before. In BMC, apart from the mayor, out of 27 different committees, 17 have been given to women, including BEST, Improvement, and Education Committee. The post of Municipal Commissioner has been given to a woman in the form of Mrs. Ashwini Bhide. It is for the first time that a lady has been appointed as a Municipal Commissioner in the history of 155 years of BMC. There are a total of 138 lady councillors in the house. There are many key administrative positions in which women are working. From the labourers to security, the disaster management, and administrative office work, in every possible position, women are showing they are efficient. In short, whether it is a deliberative wing or an administrative wing, women have already proved their mettle. However, society still needs to change its mindset and accept that women should be given more positions, rights, and dignity because women's empowerment ultimately results in the strengthening of society and the nation. What is something that you will do that the earlier Mayors did not do? Every mayor works in their own way, depending on the political party and the needs of the hour. Overall, the work depends on all the circumstances. So the work of a particular mayor cannot be compared to that of others. As the mayor of the BJP after 44 years in BMC, I feel that not only Mumbai or Maharashtra, but the entire nation is looking at the performance of the Mayor of Mumbai closely. I am aware of the expectation of the Mumbaikars since after four years Mumbai has got its Mayor. In the term, I will try my best. I will work for making Mumbai transparent, smarter, faster, and corruption-free governance. This will remain our core objective during the tenure. What is your dream project that you aim to complete? I wish to build a themed-based entrance at the check naka of Dahisar, Airoli, Mulund, and Vashi. We will make lounges, washrooms, restrooms, self-help group stalls, special rooms for women, a parking facility, a garden, and a green belt. We will ensure that the facility remains environmentally friendly. The work has already started at Dahisar.

Lateral upgrade to ailing annihilation

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

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