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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.

National News

SC defers hearing on Rahul Gandhi, other Oppn leaders’ plea against SIR

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The Supreme Court on Tuesday deferred the hearing on a plea filed by Leader of Opposition in the Lok Sabha Rahul Gandhi and other INDIA bloc leaders challenging the Election Commission of India’s (ECI) Special Intensive Revision (SIR) of electoral rolls.

The Bench of Chief Justice of India (CJI) Surya Kant and Justices Joymalya Bagchi and V. Mohana directed the petitioners to file their response to the ECI’s affidavit within 10 days.

It also granted the poll panel the liberty to file an additional affidavit, if required, within the same period.

The matter will be taken up after the Diwali vacation.

The plea, filed by Rahul Gandhi and 12 other Opposition leaders, alleges large-scale voter deletions and irregularities in the SIR exercise.

The petitioners have challenged the manner in which the electoral roll revision is being conducted.

The respondents in the matter include the ECI, Chief Election Commissioner Gyanesh Kumar and Election Commissioners Sukhbir Singh Sandhu and Vivek Joshi.

The Supreme Court had issued notice to the poll panel on October 15 and directed that the petition be tagged with other pleas already pending before it, challenging the validity of the SIR exercise in various states.

The CJI Kant-led Bench had also indicated that it would examine the conduct of one of the petitioners at the next hearing, later clarifying that the petition filed on behalf of Shiv Sena (UBT) leader Sanjay Raut would be entertained provisionally, subject to his explaining his conduct.

The direction followed controversy over Raut’s remarks concerning CJI Surya Kant after the latter declined to meet Rahul Gandhi and Congress president Mallikarjun Kharge to receive a memorandum on the SIR exercise.

The CJI had observed that holding a meeting to discuss pending cases would be contrary to the constitutional principle of separation of powers.

Meanwhile, the Supreme Court Bar Association (SCBA) has filed a criminal contempt petition against Raut and journalist Nikhil Wagle over their remarks against the CJI.

The apex court issued notice to both on October 16, asking them to show cause why contempt proceedings should not be initiated against them.

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International News

PM Modi and Liechtenstein’s Prince discuss deepening cooperation across sectors

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Prime Minister Narendra Modi held a meeting with Liechtenstein’s Prince Alois and Princess Sophie at the Hyderabad House in New Delhi on Tuesday, discussing ways to further deepen cooperation in trade, innovation, science and technology, skill development and people-to-people ties.

During the meeting, the two sides reaffirmed their commitment to working together to reform and strengthen multilateral institutions, including the United Nations. They welcomed the positive momentum generated by the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) and reaffirmed their commitment to strengthen bilateral partnership.

“PM Narendra Modi held extensive discussions with H.S.H. Hereditary Prince Alois of Liechtenstein and H.R.H. Hereditary Princess Sophie at Hyderabad House today. The leaders reviewed the entire spectrum of India–Liechtenstein relations and discussed ways to further deepen cooperation in trade and investment, innovation, science and technology, skill development and people-to-people ties,” the Ministry of External Affairs (MEA) wrote on X.

“They also reaffirmed their commitment to working together to reform and strengthen multilateral institutions, including the United Nations. They welcomed the positive momentum generated by the India–EFTA TEPA and reaffirmed their commitment to further strengthening the bilateral partnership,” it added.

Earlier in the day, Prince Alois and Princess Sophie paid tribute to Mahatma Gandhi at Rajghat in New Delhi.

External Affairs Minister (EAM) S Jaishankar also called on Liechtenstein Prince and discussed bilateral ties and emerging opportunities under the India-EFTA TEPA.

“A pleasure to call on H.S.H. Hereditary Prince Alois of Liechtenstein, on a State Visit to India. Our bilateral partnership is witnessing strong momentum across a wide range of domains, driven by the opportunities enabled by India – EFTA TEPA,” the EAM posted on X after the meeting.

Prince Alois was accorded a ceremonial welcome at the forecourt of Rashtrapati Bhavan. President Droupadi Murmu and PM Modi warmly welcomed Prince Alois upon his arrival. Speaking to the reporters, Prince Alois expressed gratitude to President Murmu and PM Modi for the invitation and warm welcome and said, “I am very honoured to be in India on the occasion of Liechtenstein’s first state visit to this remarkable country.”

“This historic visit bears testimony to the importance that Liechtenstein attaches to the relationship with India,” he said.

Speaking about the conclusion of the TEPA with India, which entered into force a year ago, the visiting Prince called it a “significant milestone” in strengthening bilateral ties. “We are determined to build on this momentum and strengthen our ties with India even further.”

“In particular, we see tremendous potential in expanding our economic cooperation in areas such as innovation, advanced manufacturing, financial services, education and technology. Across these and many other areas, our two countries possess complementary strengths that we can bring together for the lasting benefit of both our countries,” Prince Alois added.

Later in the day, Finance Minister Nirmala Sitharaman and Union Minister of State for Skills Development and Entrepreneurship Jayant Chaudhary will call on Prince Alois.

Prince Alois will then meet President Droupadi Murmu, who will also host an official banquet in his honour.

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National News

SC says notice issued on pregnant journalist’s plea against Rahul Gandhi, hearing on Nov 3

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The Supreme Court on Tuesday said it would hear, on November 3, a plea concerning a pregnant woman journalist’s allegation that Leader of the Opposition in the Lok Sabha Rahul Gandhi pushed and pulled her during the Opposition INDIA bloc leaders’ march to the apex court premises over the Special Intensive Revision (SIR) of electoral rolls.

The matter was mentioned before Chief Justice of India (CJI) Surya Kant by senior advocate Gaurav Bhatia, who submitted that the application concerning the woman journalist had not yet been listed for hearing.

Responding to Bhatia, the CJI-led Bench clarified that notice had already been issued in the matter and said it would be taken up on November 3.

The journalist, Richa Parashar, who works with a news website, had alleged that Gandhi grabbed her hand and pulled her aggressively while she was covering the Opposition leaders’ march, following which she was pushed by his security personnel and fell to the ground.

She was subsequently hospitalised. Parashar, who is three months pregnant, alleged that the incident took place amid the commotion during the Opposition leaders’ protest on the Supreme Court premises on October 12.

Congress has denied the allegations, describing them as politically motivated, while party leaders and supporters have circulated videos of the incident, questioning whether the visuals establish that Gandhi pushed the journalist.

The development comes against the backdrop of a separate plea seeking safeguards against political demonstrations in and around the top court premises following the Opposition march.

On October 15, a Bench of CJI Surya Kant and Justice Joymalya Bagchi issued notice on the plea and directed the preservation of CCTV footage and other digital evidence relating to the incident.

The march was undertaken by the INDIA bloc leaders, including Rahul Gandhi, after the CJI declined a request from him and Congress president Mallikarjun Kharge to meet him and submit a memorandum on the SIR exercise.

The CJI had advised the Opposition leaders to approach the Supreme Court through the established legal process, observing that convening a meeting to discuss pending cases would be contrary to the constitutional principle of separation of powers.

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