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Maharashtra Deputy CM Devendra Fadnavis tables Economic Survey for 2022-23 in state assembly

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Mumbai: Maharashtra Finance Minister and Deputy Chief Minister Devendra Fadnavis on Wednesday tabled the Economic Survey for the year 2022-23 in the state Assembly. According to the survey’s advance estimates, during 2022-23 the state economy is expected to grow by 6.8% and the Indian economy is expected to grow by 7%. The survey’s estimates projected the fiscal deficit at 2.5% in FY2022-23. According to the preliminary information, the economic survey projected a growth of 10.2% against 4.4% projected in 2021-22. Meanwhile, the industry sector is expected to grow by 6.1% against 11.9% projected last year. The survey said that services sector is expected to grow by 6.4% against 13.5% projected last year.

The economic survey gross state domestic product (GSDP) is expected to be Rs 35, 27, 084 crore and real (at constant 2011-12 prices) GSDP is expected to be Rs 21,65,558 crore. Meanwhile, fiscal deficit GSDP is 2.5% and debt stock is 18.4 percent. The survey’s highlights also showed that as per advance estimates per capita state income for 2022-23 is expected at Rs 2, 42, 247 against Rs 2, 15, 233 for 2021-22, and as against Rs 1,83,704 for 2020-21. The average Consumer Price Index (CPI) for rural and urban areas in Maharashtra was 349.0 and 333.3 respectively for April to December, 2022.

Elaborating on Maharashtra’s revenue receipts (income) is expected to be Rs 4, 03, 427 crore for 2022-23 (Budget Estimate) against Rs 3, 62, 133 crore during 2021-22 (Revised estimate). Actual revenue receipts during April to November, 2022 were Rs 2,51,924 crore (62.4 per cent of BE), the economic survey highlighted. Maharashtra’s revenue expenditure is expected to be Rs 4,27,780 crore as per 2022-23 (BE) against Rs 3,92,857 crore during 2021-22 (RE). As per the 2022-23 budget estimate, the share of capital receipts is expected to be 26.5% and the stare of capital expenditure in total expenditure is expected to be 22%. The share of development revenue expenditure in total revenue expenditure is 67.8 per cent as per 2021-22 (RE).

Maharashtra

Special NIA Court Allows Activist Gautam Navlakha To Visit Ailing Sister

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The special NIA court on Thursday permitted activist Gautam Navlakha, an accused in the Elgar Parishad-Maoist links case, to travel to Delhi for two months to be with his ailing elder sister.

Navlakha had approached the court for modification of the bail order granted last year, which restricted his movement to city limits.

The prosecution opposed the plea, apprehending that he may influence witnesses or skip the trial.

The court ruled out these possibilities and allowed the plea but with several conditions. Navlakha has been asked to furnish details of his mobile phone number on which video call facility is available, furnish his travel details, and deposit his passport in the court before leaving the city.

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Maharashtra

Party Rebels Contesting Against MVA Candidates To Face Six-Year Suspension: Congress Leader Ramesh Chennithala

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Party Rebels Contesting Against MVA Candidates To Face Six-Year Suspension: Congress Leader Ramesh Chennithala

Congress leader Ramesh Chennithala on Thursday said all the party rebels contesting against the official candidates of the Maha Vikas Aghadi (MVA) have been suspended for six years.

In a press conference, Chennithala stated that district units have been directed to compile a list of rebels still in the race for the November 20 Maharashtra assembly polls and issue notices to them.

“There will be no friendly contests. All rebels running against the MVA’s official candidates have been suspended,” said Chennithala, the All India Congress Committee in-charge of Maharashtra.

In some constituencies, despite official candidates from both Mahayuti and MVA, candidates from allied parties have been fielded. In other areas, friendly contests are happening. Several leaders have filed nomination papers after rebelling.

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Maharashtra

Maharashtra Elections 2024: Devendra Fadnavis Refers To Sharad Pawar As ‘Owner Of Fake Narrative Factory’; Slams Opposition Over Claims About Industries Leaving State

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Maharashtra Elections 2024: Devendra Fadnavis Refers To Sharad Pawar As 'Owner Of Fake Narrative Factory'; Slams Opposition Over Claims About Industries Leaving State

Mumbai: In a scathing attack on Sharad Pawar, Deputy Chief Minister Devendra Fadnavis referred to the NCP leader as the “owner of a fake narrative factory” during an election rally in Pimpri-Chinchwad. Fadnavis accused Pawar and opposition leaders of spreading false information about industries leaving Maharashtra for Gujarat, attempting to tarnish the state’s image. He made it clear that Maharashtra remains the top choice for investment, with 52% of the country’s foreign investment flowing into the state.

Addressing a rally in support of Mahayuti candidate Shankar Jagtap, Fadnavis emphasized that Maharashtra is strong industrially and that the information being spread by the opposition is misleading. He stated, “Our government has made Maharashtra an ideal destination for investment.” According to Fadnavis, reports suggesting a shift in the state’s industrial landscape were false and intended solely to mislead the public.

Fadnavis Targets Supriya Sule

Fadnavis also targeted NCP MP Supriya Sule, calling her the “manager of the fake narrative factory.” He accused Sule of spreading incorrect information about IT companies leaving Hinjewadi, a major IT hub in Pune. Fadnavis stressed that both Maharashtra’s industrial and IT sectors are strong, and any challenges faced were the result of the difficulties encountered during the tenure of the Maha Vikas Aghadi government. He labeled Sule’s statements as incorrect and harmful to the state’s progress.

Fadnavis also responded to criticism of Uddhav Thackeray’s “Ladki Behin Yojana” . He said that Thackeray’s approach, focused on opposition for the sake of it, was disconnected from the needs of ordinary people. Fadnavis clarified that the scheme would provide financial aid and educational opportunities to thousands of girls across Maharashtra.

Concluding his speech, Fadnavis reassured the audience about job creation under the BJP government. He announced an ambitious goal of generating employment opportunities for 10 lakh youths and promised to rejuvenate Maharashtra’s economic stability. He urged voters to be cautious of the “fake narratives” being spread by the opposition and to trust in the state’s economic progress.

Throughout the rally, Fadnavis highlighted BJP’s transparency and development-oriented policies, portraying the opposition’s tactics as a strategy to promote “fake narratives” and undermine the state’s growth.

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