New Delhi, Sep 18: In a bid to augment railway capacity and improving train operations, Indian Railways on Friday said it has approved the doubling of the Chouk-Karjat railway section (10.86 km) of Central Railway at a cost of Rs 497 crore.

Indian Railways also approved the construction of the 38.21 km new rail line between Mukutban (Adilabad) and Gadchandur in South Central Railway at a cost of Rs 493 crore.

The Central Railway project has been approved for doubling, tripling, quadrupling, flyover and bypass works aimed at augmenting the capacity of the railway network, according to an official statement.

The Chouk-Karjat section forms part of the Panvel-Chouk-Karjat route, which is an important corridor for both passenger and freight movement.

On completion of the project, the section is expected to facilitate five additional passenger trains in each direction per day.

The project is also expected to support additional freight traffic of 18.35 Million Tonnes Per Annum (MTPA). It will also help reduce the detention of freight trains.

Meanwhile, Mukutban in Yavatmal district and Gadchandur in Chandrapur district are important industrial and mining centres, serving several cement plants, coal mines of Western Coalfields Ltd. and nearby limestone mines.

The new rail line will strengthen rail connectivity to these industrial clusters and facilitate more efficient movement of freight, said the statement.

The new rail line will provide a shorter and more efficient rail route, reducing travel distance, transportation time, and associated costs.

It will also provide an alternative route to decongest the existing Wardha-Manikgarh section, supporting smoother movement of freight traffic.

The project is expected to support 6.08 MTPA of freight traffic, along with two MEMU trains in each direction per day after commissioning.

The freight traffic is expected to include coal and coke, cement, sponge iron, metal scrap, iron & steel, fertilisers and foodgrains, among other commodities.

The new line will provide direct connectivity between the coal and cement cluster and the Majri-Nanded route, facilitating shorter leads for coal, cement and RMSP traffic towards Jalna, Parbhani, Chhatrapati Sambhajinagar and other destinations in Maharashtra and Karnataka.

New Delhi, Sep 17: Representatives of the All India Petroleum Dealers Association (AIPDA) met senior officials of the Ministry of Petroleum and Natural Gas on Thursday to discuss their demand for exemption from the merchant discount rate (MDR) on UPI transactions on fuel sales at petrol pumps.

The dealers’ body said in a statement that the issue was discussed with senior officials of the Petroleum Ministry as the additional MDR cost could put pressure on dealer margins, as retail fuel sales are made on prescribed commissions.

The new UPI framework levies an MDR of Rs 5 per transaction on petrol and diesel purchases above Rs 2,000. Such transactions account for around 30-40 per cent of total purchases across retail outlets in the country, according to dealers.

Petroleum Ministry officials sought to explain the rationale behind introducing MDR, which was required to support the development of the next layer of India’s UPI digital infrastructure.

“Petroleum dealers have been at the forefront of adopting digital payments and have worked closely with the government to promote their use across the country,” the AIPDA said.

The association said it expects to continue the dialogue with the government.

“We look forward to continuing the dialogue towards a mutually beneficial solution for consumers, petroleum dealers, and all stakeholders in India’s UPI ecosystem,” the statement said.

Dealers have raised concerns as digital payments have become an important mode of payment at petrol pumps, particularly for higher-value purchases.

Petroleum dealers have sought a complete exemption for fuel retail transactions, citing the nature of their business and the impact of MDR-related costs on their margins.

The Finance Ministry clarified that MDR is neither a tax nor a charge collected by the government or NPCI. It is distributed among payment ecosystem participants, including banks and payment application providers, to support the operation and continued expansion of the UPI ecosystem.

Transactions above Rs 2,000 in essential and thin-margin sectors, including railways, telecommunications, insurance, fuel and agricultural inputs, will attract a flat MDR of Rs 5 per transaction. The flat charge will provide cost certainty for critical public services and businesses operating on narrow margins.

Mumbai, Sep 17: In a major push to reinforce Maharashtra’s fiscal health and support its long-term growth roadmap, Maharashtra Chief Minister Devendra Fadnavis announced the constitution of the Maharashtra Sustainable Public Finance Committee.

Headed by renowned economist and former Union Finance Secretary Dr Vijay Kelkar, the high-level panel, which was announced late Wednesday evening, is tasked with recommending measures to ensure sustainable growth in tax and non-tax revenues.

The decision forms an integral part of the state’s ‘Viksit Maharashtra @ 2047’ vision document, which outlines a strategic roadmap to scale the state’s economy to $1 trillion by 2030 and $5 trillion by 2047—coinciding with the centenary of India’s Independence.

The panel has been tasked with making recommendations to modernise the tax system, plug revenue leakages, and rationalise tax rates, fees, and exemptions; identify untapped revenue streams and maximise returns from public assets and state enterprises; streamline public spending while balancing expanding committed expenditures such as salaries, pensions, interest payments, and welfare schemes; and devise a fiscally responsible roadmap to reduce reliance on borrowings for infrastructure projects and budget deficits.

The Kelkar Committee comprises Prof Karthik Muralidharan (founder-director, CEGIS), Dr Nitin Kareer (former Chief Secretary, Maharashtra), T Rabi Sankar (former Deputy Governor, Reserve Bank of India) and Dr Ashima Goyal (President, The Indian Econometric Society).

The formation of the panel comes at a critical juncture for Maharashtra. While the state actively pursues an investment-led growth strategy across core sectors—including infrastructure, human resource development, water security, urban management, and energy transition—it faces growing fiscal constraints.

Maharashtra government’s Vision document has suggested restructuring the government expenditure policy to align with long-term capital formation, identifying alternative financing models and private capital inflows.

Fiscal deficit targets are capped within standard Fiscal Responsibility and Budget Management (FRBM) boundaries, targeting 2.8 per cent to 3.0 per cent of Gross State Domestic Product (GSDP) while keeping the revenue deficit under 0.7 per cent of GSDP, and implementation is tracked quarterly via a dedicated Vision Management Unit chaired by the chief minister.

Adhering to the targets set under the FRBM Act has proved challenging due to rising welfare commitments and debt servicing costs. Consequently, the government has frequently resorted to market borrowings to fund capital projects and offset short-term liquidity shortfalls.

The newly appointed Kelkar Committee is expected to deliver structural fiscal remedies to reverse this trend and secure long-term financial sustainability for the state.