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Maharashtra

Maharashtra finances not robust, but salvageable with ‘discipline’

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As the Maha Vikas Aghadi (MVA) government readies for its third annual Budget (2022-2023) in early March, the focus is again on the state of the state’s finances.

The state has been grappling – ranking among the worst-hit – with the ongoing Coronavirus pandemic and the series of lockdowns that have played havoc with the economy, revenues and expenditure, and diversion of most resources to the health sector for the masses reeling under the impact of Covid-19.

Till the previous fiscal (2020-2021), the state had notched up a whopping debt of Rs 520,717 crore, mostly comprising unpaid loans and other liabilities.

However, the fiscal deficit percentage vis-a-vis GSDP is 2.1 per cent and the debt stock to GSDP is 19.6 per cent – well within the prescribed limits of 25 per cent, as per the Fiscal Policy Strategy Statement of last year, according to the official data.

“Though appearing huge, the debt figures are an accumulation of the past several years owing to various factors. The average annual addition is in the range of Rs 65,000 cr,” said Dr Ratnakar Mahajan, well-known economic expert and former Executive Chairman, Maharashtra State Planning Board.

Unlike many other states, there are no money-guzzling ‘populist schemes’ operating in Maharashtra – barring one important welfare measure started in Jan/2020 – the affordable meal of ‘Shiv Bhojan Thali’ – which was extended and heavily subsidised after the pandemic lockdowns were imposed in March 2020.

A pet venture of Chief Minister Uddhav Thackeray, the ‘Shiv Bhojan Thali’ – on which the state government has spent less than Rs 500 crore in the past 24 months – proved to be a life-saver for the urban-rural poor and the lakhs of migrants on the move in the early days of the lockdown series.

However, officials say the debt has to be serviced without fail every year – which is the expenditure part of the annual budget – but there is scope for being prudent, said an official of the state Finance Ministry, headed by Deputy Chief Minister Ajit Pawar.

The official – requesting anonymity – explained how the two years of the severe pandemic has hit all sectors of the economy, compounded by the economic slowdown, job losses which are now gradually being rolled back, the farm loans waivers, handling a series of natural calamities, shortfall in all types of tax revenues and also the massive amount of GST dues pending from the Centre.

Dr Mahajan said one of the factors responsible for growing fiscal burden in the past was, finances were raised at higher interest rates for shorter periods, like availing loans at 11 per cent for 3 years.

Some governments managed to overcome this by restructuring the old loans at lower rates of interest for longer periods – say, at 8 or 9 per cent for 5 years – which lessened the burden and spread it over the years less painfully.

Besides, whenever any government takes up new or mega-projects, it becomes the responsibility of the next regime to take it forward with adequate budgetary provisions.

Officials said some like the Metrorail may be top priority to reduce traffic congestion but others like the Bullet Train could wait for a while to prevent diverting scarce resources from other critical sectors, especially during the pandemic period.

Nevertheless, Dr Mahajan feels that with ‘safer and cautious decisions” it is very much possible to bring the state’s finances “well on the track” in just two years.

“This was done in the past during the tenure of the former Chief Minister Sushilkumar Shinde… with certain decisions that helped revive the financial situation and also reduced the state’s debt burden significantly,” he said.

As for the next year’s State Budget (2022-2023), all eyes are on (DCM & FM) Ajit Pawar to see how he juggles with the stretched finances and scarce resources to keep the state afloat amid optimistic signs that it is veering out of the scalding Covid-19 cauldron.

Maharashtra

Dahi Handi 2025: One Injured After Falling From Govinda Pathak In Dadar

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Mumbai: One person was injured after falling from the top of a human pyramid during Dahi Handi celebrations in Mumbai’s Dadar area on Saturday. The incident occurred as a group of Govindas attempted to break the handi by forming a human pyramid, a traditional highlight of the Janmashtami festival.

The injured participant received immediate medical attention and is reported to be in stable condition. The Dahi Handi celebration in Dadar draws massive crowds each year, and this year was no exception, with enthusiastic participation despite safety concerns.

11-Year-Old Boy Dies During Dahi Handi Practice In Dahisar; Pathak President Booked For Negligence

In another news story related to the Dahi Handi, a tragic incident unfolded in Hanuman Nagar, Ketkipada, Dahisar East, on Sunday, where an 11-year-old boy, Mahesh Jadhav, lost his life while practising for the upcoming Dahi Handi celebrations. Mahesh was a member of the Navtarun Govinda Pathak.

The Dahisar police registered an FIR on Monday against Balu Soornar, the President of the Navtarun Mitra Mandal Pathak, under Sections 106 (causing death by negligence) and 223 (disobedience to an order duly promulgated by a public servant) of the Bharatiya Nyaya Sanhita.

Fall During Practice Turns Fatal

According to police reports, Mahesh was a resident of Dharkhadi, Dahisar East. His family comes from a modest background; his mother works as a domestic helper, his father is a labourer, and he has three younger brothers aged 8, 5, and 1. As the eldest child, Mahesh had taken part in the Dahi Handi practices held by his group.

In preparation for Gokulashtami, the Navtarun Govinda Pathak had been conducting practice sessions. However, reports suggest that no safety measures or protective equipment were provided to the participants. Being the smallest in the group, Mahesh was assigned the topmost position in the human pyramid. During Sunday night’s practice, he lost his balance while standing at the top and fell straight to the ground due to the absence of sufficient members below to cushion the fall.

He sustained critical injuries from the fall and was immediately taken to a multispeciality hospital in Dahisar East, where doctors declared him dead. His body was later transferred to Shatabdi Hospital for post-mortem examination.

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Maharashtra

Mumbai: 32-Year-Old Dahi Handi Participant Dies In Mankhurd, 30 Injured Citywide

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Mumbai witnessed tragedy during the Dahi Handi celebrations on Saturday when a 32-year-old participant from Bal Govinda Pathak in Maharashtra Nagar, Mankhurd, lost his life in an accident.

About The Incident

The incident was reported around 3 pm and confirmed by Shatabdi Hospital, Govandi.

The deceased, identified as Jagmohan Shivkiran Chaudhari, was tying the Dahi Handi rope from the first floor of a G+1 structure when he slipped inside the grill of the house. His family members rushed him to Shatabdi Hospital, where doctors declared him brought dead.

Apart from this fatal mishap, several Govinda participants across the city sustained injuries while attempting human pyramids and other celebratory activities. By 3 pm, hospitals had reported a total of 30 injuries. Of these, 18 cases were reported at Cooper Hospital, where 12 people remained under treatment and six were discharged. At Sion Hospital, six injured Govindas were admitted, with three undergoing treatment and the rest sent home after primary care. Another six cases were recorded at Nair Hospital, with one person still under treatment and five discharged.

In all, 30 people were injured during the day’s festivities, 15 of whom continued to receive medical care while the other 15 were discharged after treatment. Civic authorities stated that apart from the Mankhurd incident, no other major untoward episode was reported in the city during the celebrations.

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Maharashtra

‘Eknath Shinde Won Matka Not Lottery’: MP Sanjay Raut Takes Dig At Maharashtra Deputy CM; MNS-Sena Collaborate For BEST Patpedhi Elections

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Mumbai: In numerous locations, employees from both parties are uniting and engaging in various activities. You inquired about the MNS alliance in the Municipal Corporations of Mumbai, Thane, and Kalyan, and I just provided an answer. The employees from both organizations are collaborating in the BEST Patpedhi elections.

A large march will occur in Nashik, where MNS will participate alongside Shiv Sena in this significant event. We are currently negotiating to contest the elections jointly. “Our focus is on Mumbai,” stated Sanjay Raut, an MP from the Thackeray group.

Sanjay Raut engaged with the journalists. On this occasion, Sanjay Raut stated that the focus of Narendra Modi, Amit Shah, and their business group is Mumbai. They aim to seize control of Mumbai, and the Thackeray brothers’ goal is to ensure that Mumbai is not given to the Gujaratis.

The position of Chief Minister is not a gamble; it’s a matka, stated BJP leader and minister Ganesh Naik regarding Deputy Chief Minister Eknath Shinde. When Sanjay Raut was asked for his thoughts on this, he mentioned that lottery is an esteemed term.

In the past, the government operated a lottery. However, matka is currently being played unlawfully in the state. Despite Devendra Fadnavis being the Chief Minister, the figures are being manipulated. Ganesh Naik referred to the term lottery; he made this indicative comment in Thane.

However, the term matka must have been on his mind. He must have intended to imply that there should have been a matka for the position of Chief Minister. However, matka numbers are unpredictable, and individuals participate in four or five matkas, stated Sanjay Raut.

In the meantime, fundamentally, Girish Mahajan is not Maharishi Vyas. He ought to notice what is igniting beneath him. He ought to consider what will occur for him on the day he is no longer in power, where he will find himself. “On the morrow, when the Thackeray brothers join forces politically, they will be aware.” Sanjay Raut criticized that the thieves and robbers surrounding Fadnavis will struggle to walk the streets when they are out of power.

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