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Maharashtra deficit budget cuts VAT on natural gas, amnesty for GST-Stamp Duty

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Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar on Friday presented the state Budget 2022-2023 with a revenue deficit of Rs 24,353 crore, with a slew of major announcements like an amnesty scheme for GST and stamp duty and reduction in VAT for natural gas.

The government estimates revenue receipts of Rs 403,427 crore against a revenue expenditure of Rs 427,780 crore, ot a shortfall of Rs 24,353 crore, in the Maha Vikas Aghadi (MVA) government’s third annual budget.

Pawar unveiled a ‘Panchasutri’ (5-Point) development programme encompassing agriculture, health, human resource, transport, and industry, for the state with a total outlay of Rs. 115,215 crore, besides other sops and proposals.

Under this, the government proposes to spend Rs 23,888 crore for agriculture and allied sectors, Rs 5,244 crore for health, Rs 46,667 crore for human resources, Rs 28,605 crore for transport infrastructure and Rs 10,111 crore for industry and energy sectors, with plans to spend over Rs 400,000 crore in the next three years, said Pawar.

Chief Minister Uddhav Thackeray, MVA leaders of Shiv Sena-Nationalist Congress Party-Congress including Eknath Shinde, Hasan Mushrif, Nana Patole and others lauded the budget as “visionary” while the Bharatiya Janata Party Leaders of Opposition Devendra Fadnavis and Pravin Darekar and Union MOS for Finance Bhagwat Karad slammed it as “direction-less”.

Pawar has introduced a first-ever Amnesty Scheme 2022 for the Goods & Sales Tax Department which will be applicable from April 1-September 30 this year.

Under this, there will be a complete waiver of the arrears of Rs 10,000 or less per year as per any statutory orders for various tax laws in the state, which would benefit around 100,000 small dealers.

Another aspect of the amnesty scheme for those having arrears of Rs 10 lakh or less till March 31, 2022, can pay a lump sum of 20 per cent of their total arrears and the remaining 80 per cent shall be waived, benefitting over 220,000 such cases of medium dealers.

The government has announced steep reduction in VAT on natural gas – from 13.5 per cent to just 3 per cent – which will hugely benefit households with piped natural gas connections and CNG power vehicles, while the state will incur a revenue shortfall of around Rs 800 crore.

Pawar also announced an Amnesty Scheme under the Stamp Act from April 1-November 30, for pending penalties dues to the government whereby there will be a shortfall of around Rs 1,500 crore.

For any land donations free to any local government bodies, Pawar has announced a complete exemption of the 3 per cent stamp duty on the gift deed or 5 per cent on sale deed, by which the state exchequer will lose around Rs 21 crore.

For gold-silver delivery order documents imported in Maharashtra which currently attract a 0.1 percent stamp duty, Pawar announced a complete waiver leading to a revenue shortfall of Rs 100 crore.

To boost water transport in the state, he announced a 3-year tax holiday from January 1, 2022 on the tax levied by Maharashtra Maritime Board on passengers, animals, vehicles, goods ferried by boats or roll on-roll off vessels in the state.

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TVK stakes claim to form government in TN; Vijay seeks time from Guv to prove majority

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Chennai, May 5: With the Tamilaga Vettri Kazhagam (TVK) emerging as the single-largest party in the Tamil Nadu Assembly elections, party President C. Joseph Vijay on Tuesday formally staked claim to form the government in the state.

He has written to Governor Rajendra Arlekar seeking an appointment and requesting an opportunity to prove his majority on the floor of the House.

In his communication sent to the Lok Bhavan (earlier Raj Bhavan), Vijay stated that the party, which has secured 108 seats in the 234-member Assembly, has received a clear mandate as the single-largest formation. He asserted that this position entitles TVK to be invited to form the next government in the state.

“We are the single largest party with 108 legislators and have the right to form the government. We request an opportunity to demonstrate our majority,” Vijay said in his message.

He also sought additional time to mobilise support and indicated that he would be able to prove his majority within 15 days.

The majority mark in the Tamil Nadu Assembly stands at 118, leaving TVK 10 seats short of a clear majority. This has triggered intense political activity, with the party expected to seek support from smaller parties and Independents in the coming days.

Sources in the Raj Bhavan indicated that the Governor is likely to invite Vijay to form the government shortly. Officials suggested that he may be granted a window ranging between seven and 15 days to prove his majority on the Assembly floor, a standard constitutional practice in cases where no party has secured an outright mandate.

Meanwhile, internal preparations within the party are underway. Vijay is set to be formally elected as the Legislature Party leader at a meeting of newly-elected TVK MLAs scheduled to be held at the party headquarters in Panaiyur later in the day.

This step is expected to complete the procedural requirements before government formation. The developments mark a significant moment in Tamil Nadu politics, with TVK’s rapid rise disrupting the state’s traditional political landscape and setting the stage for high-stakes negotiations in the days ahead.

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Agnimitra Paul among six early BJP winners in Bengal as party leads in 192 seats

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Kolkata, May 4: BJP leader Agnimitra Paul won from the Asansol Dakshin Assembly constituency, the Election Commission of India (ECI) announced on Monday, as the counting for other seats in West Bengal is underway, with the BJP maintaining a significant lead over the ruling Trinamool Congress.

Agnimitra Paul got 1,19,582 votes and defeated Trinamool Congress’ Tapas Banerjee with a margin of over 40,800.

Apart from Agnimitra Paul, Darjeeling candidate Noman Rai, Kalimpong candidate Bharat Kumar Chetri, Medinipur candidate Sankar Kumar Guchhait, Monteswar’s Saikat Panja, and Bhatar’s Karfa Soumen were among the early winners from the BJP.

Meanwhile, after winning six seats, the BJP was leading in 192 seats, while the Trinamool Congress was ahead in 88. Trinamool’s Reyat Hossain Sarkar won in the Bhagawangola Assembly seat, according to the ECI trends as of 4:30 p.m.

Meanwhile, just weeks after Prime Minister Narendra Modi brought the Bengali snack ‘jhalmuri’ into the national spotlight, the BJP is now using the same as a symbol of celebration, as early trends in the Assembly elections show the party surging ahead.

‘Jhalmuri’ had emerged as an unlikely highlight during the final phase of campaigning after PM Modi’s widely shared roadside stop in Jhargram, where he was seen enjoying the snack. The moment quickly went viral, drawing political reactions, including criticism from Chief Minister Mamata Banerjee, who termed it a staged act by the BJP.

The snack, whose name derives from the Bengali word “jhal”, meaning spicy or hot, soon became a metaphor in the campaign, symbolising both the intensity of the political contest and regional identity. Later, during an election rally, PM Modi himself had added a political twist, remarking, “I ate jhalmuri, but TMC felt the jhal (spice).”

With the party holding a strong edge, leaders and workers embraced the ‘jhal’ symbolism, celebrating with the snack across different parts of the country.

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West Bengal Elections 2026: TMC Loses Ground In Muslim-Dominated Seats As BJP Gains Momentum

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Kolkata: Early counting trends in the 2026 West Bengal Assembly elections suggest that the Trinamool Congress is no longer holding the same level of dominance in Muslim-majority constituencies as it did in previous elections. Of the 293 seats, as many as 43 constituencies with more than 50 percent Muslim population are reflecting a changed electoral mood.

According to initial figures, the TMC and its allies are leading in 30 of these seats, a drop of 12 compared to earlier performance. The Bharatiya Janata Party is ahead in nine such constituencies, while other parties account for four seats, marking a marginal rise.

The current trend marks a sharp departure from the 2021 Assembly elections, when the TMC swept 43 out of 44 Muslim-dominated seats with a vote share of nearly 58 percent. The BJP had failed to win any of these constituencies then, despite securing over 21 percent of the vote share. The Left and other parties had remained limited in influence.

The ongoing trends now suggest a fragmentation of votes in these constituencies, indicating that earlier consolidated support may be witnessing internal shifts.

Reacting to the early trends, West Bengal Leader of the Opposition Suvendu Adhikari said there has been consolidation among Hindu voters, while Muslim votes appear more divided this time. He claimed that the BJP has also made inroads in certain booths where it had previously struggled.

Adhikari further stated that after initial rounds of counting, the BJP was gaining momentum in several constituencies. He expressed confidence in the party forming the government, crediting the leadership of Prime Minister Narendra Modi.

Speaking about Bhabanipur, Adhikari said that early rounds showed a deficit in areas with higher minority populations, but later rounds shifted in his favour. He also claimed that Chief Minister Mamata Banerjee was trailing, though official confirmation is awaited.

With counting still underway, political observers urge caution. However, the early trends underline a significant shift in West Bengal’s electoral landscape, where voter behaviour appears more varied than in previous elections.

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