+
Maharashtra govt proposes additional budget of Rs 86.09 billion
ECONOMY & POLICY

Maharashtra govt proposes additional budget of Rs 86.09 billion

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.

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.

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Next Story
Real Estate

India’s Tier 2 & 3 Cities: The Next Growth Frontier for Real Estate

Introduction India’s metropolitan cities have long dominated the real estate landscape, shaping both market trends and public discourse, but the narrative is shifting towards India’s tier 2 and 3 cities. Beyond the metro cities, Tier 2 and Tier 3 cities such as Indore, Ahmedabad, Chandigarh, Jaipur, Coimbatore, Lucknow, Bhubaneswar, Kochi, Surat, Guwahati, and many others are emerging as vibrant real estate hubs. This growth is driven by impetus from rapid urbanisation, logistics corridors like the Delhi Mumbai Industrial Corridor, IT/ITeS investment zones, emergence of global capabil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?