Maharashtra
Maharashtra finances not robust, but salvageable with ‘discipline’
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
‘Had Warned Ajit Pawar Against Aligning With BJP In 2019,’ Says Minister Dhananjay Munde
Mumbai: Minister Dhananjay Munde, who is at the center of controversy over the murder of a sarpanch in Beed, made startling revelations at the party’s ‘Navsankalp Shibir’ in Shirdi on Sunday.
Minister Dhananjay Munde Warns Maharashtra Deputy CM Ajit Pawar Against Aligning With The BJP
Munde stated that during the early morning oath-taking ceremony on November 23, 2019, he had warned Ajit Pawar against aligning with the BJP. He mentioned that Sunil Tatkare was with them during the conversation. Munde further alleged that this move marked the beginning of a plot to push Ajit Pawar out of the NCP.
Munde further said, “Since I joined the NCP, I have always stood behind Pawar. There were many attempts to portray Pawar as a villain. However, whenever someone attacked him, we stood by him and defended him. In 2019, I had advised not to take the early morning oath, but while they took the oath, I was the one who faced the consequences.”
Addressing his party workers at the event, Munde mentioned that certain individuals were targeting him, particularly in Beed, and emphasised the importance of social harmony in Marathwada.
Minister Dhananjay Munde Expresses His Concerns
Munde expressed his concerns about the deterioration of social cohesion in the region, particularly in light of the killing of Beed sarpanch. He argued that those responsible for the crime should be severely punished.
In a separate development, Munde addressed his removal from the position of Guardian Minister of Beed. He revealed that he had personally requested both Ajit Pawar and Chief Minister Devendra Fadnavis to assign the responsibility of Beed’s development to Ajit Pawar. Munde argued that, under Pawar’s leadership, Beed would experience significant development.
Maharashtra
Gaonthan land map certificate distribution program under “Swamitva” scheme was concluded by Prime Minister Narendra Modi in the presence of Deputy Chief Minister Eknath Shinde
Thane: Under the “Swamitva” scheme conceptualized by Prime Minister Narendra Modi for demarcation and ownership of properties in the Gaonthan land area, the Gaonthan Land Map Certificate Distribution Program was organized today through video conferencing by Prime Minister Modi. The certificate distribution program for Thane district was organized locally at the Niyojan Bhavan of the District Magistrate Office in the presence of Deputy Chief Minister Eknath Shinde.
MP Naresh Mhaske, MLA Sanjay Kelkar, MLA Niranjan Davkhare, District Magistrate Ashok Shingare, Chief Executive Officer Rohan Ghuge, and other dignitaries were present on the occasion.
Swamitva Scheme: A Movement for Rural Development
This scheme simplifies the process of demarcation and ownership of properties in rural areas. Speaking on the occasion, Deputy Chief Minister Eknath Shinde said, “Even today, many citizens in villages do not have concrete proof of their properties, which leads to land disputes, court cases and other problems. The ownership scheme launched by the Modi government is an important revolution in the development of rural India.”
He further said, “This scheme is not just a certificate of property, but a ‘self-respect card’ for the poor. Through this scheme, the lives of many families have changed and the doors of banks have opened for them for property loans.”
Use of drone and GIS technology
Modern technology is being widely used in the Swamitva scheme. Village land is surveyed through drones and maps are prepared with GIS technology. 2.19 crore property cards have been prepared in the country and maps of 15,327 villages have been finalized in Maharashtra.
Beneficiaries got relief
Referring to Baliram Manekar of Bhiwandi, who was present at the program, Shinde said, “Under the Swamitva scheme, he got the ownership of his land, after which he got a loan of 60 lakhs from the bank and he became self-reliant.”
Prime Minister Narendra Modi’s address
Addressing the program through video conferencing, Prime Minister Narendra Modi said, “The Swamitva scheme is proving to be effective in making people economically capable in rural areas. This scheme is achieving the goal of making the rural community self-reliant.”
Instructions of the Deputy Chief Minister
At the end of the program, Deputy Chief Minister Shinde instructed the officials that “Proper planning should be done to complete the scheme within the time limit and in the right manner. This scheme should not be just on paper, but should become a strong step towards the development of rural areas.”
Giving momentum to rural development
This scheme is helping in resolving village disputes by preparing property cards in rural areas. It is also providing guidance to the village panchayats for development plans.
The program concluded under the guidance of Deputy Chief Minister Shinde. Officials of the District Officer Office, Land Records Department and District Council made tireless efforts for this successful event.
Maharashtra
Integrated ticket system for urban traffic – Chief Minister Devendra Fadnavis
Prime Minister Narendra Modi has a dream of bringing the public transport system on a single mobility platform and efforts are underway to develop infrastructure in Mumbai in this direction. Through this, passengers will get the benefit of public transport facilities by walking only 300 to 500 meters. This is an ambitious project to provide fast and smooth transport service from one end to the other, said Chief Minister Devendra Fadnavis.
The integrated ticket service system in Mumbai was discussed in the presence of Chief Minister Fadnavis and Union Railway Minister Ashwini Vaishnav. Mitrache Chief Executive Officer Pravin Singh Pardeshi, Secretary of Chief Minister’s Office Dr. Shrikar Pardeshi, officials of Central, Western Railway and Mumbai Metro were present in this meeting.
Chief Minister Fadnavis said, “Local rail is the lifeline for Mumbai. The integrated service system will make connectivity fast and smooth for passengers and at the same time will lead to maximum use of public services and increase revenue. Efforts are being made to integrate this system with taxi and other services using technology.” Through this, passengers will easily get all the transport facilities on a single platform. It will be possible to simplify the traffic and save time of the passengers, as well as remove the obstacles in the traffic system.
Union Minister Ashwini Vaishnav said, “Currently 3,500 local services are operational in Mumbai. Railways will invest Rs 17,107 crore to start 300 more local services in the coming time. Rs 1.70 lakh crore has been invested in railway projects in Maharashtra. The central and state governments are committed to the overall development of Mumbai.”
The Maharashtra government is taking important steps towards implementing a unified ticketing system for urban traffic. This venture will be led by the Maharashtra Institution for Transformation (MITRA). Its objective is to integrate and streamline the ticketing process for various public transport services. For this, technical assistance of the Open Network for Digital Commerce (ONDC) platform will be taken.
Mumbai’s public transport service will be more smooth and efficient through the new integrated ticketing system.
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