Maharashtra govt proposes additional budget of Rs 86.09 billion

29 Feb 2024 CW Team

Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar announced the presentation of supplementary demands amounting to Rs 86.09 billion to the legislature on the eve of tabling the state budget for 2024-2025. This is in addition to the Rs 555.20 billion in extra demands made during the previous Winter Session in December 2023.

The supplementary demands cover various sectors, including allocations for farmers, the power sector, urban and rural civic bodies, the judiciary department, public health, transportation, and other departments.

An amount of Rs 22.10 billion has already been allocated for farmers who suffered crop and horticulture damage due to unseasonal rains and hailstorms. Additionally, Rs 20.31 billion has been earmarked for a subsidy to MahaVitaran for power supplied to agricultural pumps, handlooms, and powerlooms in the state.

Provisions have been made for Rs 20.19 billion towards loans to urban bodies under the Urban Infrastructure Development Fund from nationalised banks, along with Rs 8 billion for providing civic amenities by urban and rural civic bodies.

Furthermore, Rs 14.38 billion has been set aside for the payment of loan arrears to Mumbai Metro 3, Pune, and Nagpur Metros. Another provision of Rs 13.28 billion has been made for the arrears of various allowances provided to judicial officials as per the Reddy Commission.

The government has allocated Rs 4.85 billion for the salaries of Maharashtra State Road Transport Corporation (MSRTC) staff and Rs 2.51 billion for transport cess. Additionally, Rs 4.32 billion has been designated for pensions and other retirement benefits of high court judges.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..