As for question title, I am looking for a story about a Singaporean company that is contracted to modernize an Indian city.
The story should be quite short, probably under the average under novel length, maybe a short story or novella. I think it may have been published in Asimov's Science Fiction magazine, Analog Science Fiction and Fact Magazine or another similar print.
In the story the company is trying to "modernize" the city by taking over the local government function.
I remember a vignette where the on-the-ground company city leader is speaking with a matron in a Singaporean office physically. The matron had experience with many modernisations.
Also there is something about "women are best to promote as they think of the family first and are more likely to pay back loans".
So it's not just local government, it's also got a bit of micro-loan in the story as well like kiva.