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
7 accused arrested in cyber fraud case of over Rs 1 crore in Mumbai

Mumbai: The Cyber Police Station has claimed to have solved the mystery of a cyber crime in which the complainant was threatened with digital arrest on WhatsApp from April 2 to April 18, 2026, and was involved in a money laundering case and was defrauded of Rs 16.74 crore online by sending fake electronic documents. During the technical investigation, the police have arrested 7 accused, identified as Sanjay Hiralal, 57, who used to generate OTPs, the 32-year-old female accused used to hide the fraudulent money, Rishi Ramchandra Meena, 38, who used to transfer the fraudulent money to bank accounts, Naushad Ali, 31, who digitally arrested the complainant and the victim and worked in this gang digitally, Muhammad Khalid Hafeezuddin Saif, 27, a digital expert, Jogesh Mehta, 43, and Zubair Hussain, 27, who helped them deposit the fraudulent money in their accounts. 613 mobile phones, 2 laptops, 5 digital sign devices were recovered from the possession of the accused. SIM cards of several companies, 10 cheque books, 2 passbooks and 2 ATM cards have been seized. DCP Bajrang Bansode told the press conference that there is no such thing as digital arrest and in such a situation, do not keep in touch on unknown social media accounts. If someone threatens digital arrest, do not believe them.
Maharashtra
Mumbai: Mystery of Santa Cruz robbery solved during police operation, person who deposited stolen money in bank also identified, one arrested

Mumbai: After solving the mystery of a robbery in Santa Cruz area, the police have claimed to have seized cash and other jewelries worth Rs 76.36 lakh. According to the details, between June 20 and June 27, an unknown thief broke into a house on Juhu Tara Road in Santa Cruz area for the purpose of robbery and escaped with the jewelries, cash and gold biscuits in the cupboard. In this case, the police arrested the accused Chandan Kamlesh Mukhiya, 26, a resident of Darbhanga, during technical investigation. His transit remand was obtained and he was produced in Mumbai. In this case, another absconding accused is being sought. During the investigation, it has been revealed that with the help of the absconding accused, the thief had asked his acquaintance Kailash Shah to buy land with the money and stolen property. Therefore, Kailash Shah collected the cash and transferred it to a bank account. During the investigation, the police found that Kailash Shah had collected the stolen money of Rs 46.31 lakh, therefore, the police have issued a notice to him. 200 grams of gold jewelry and Rolex watches have also been recovered. This operation was carried out under the guidance of Mumbai Additional Commissioner Abhinav Deshmukh and DCP Mohit Kumar Garg, while Santa Cruz Senior Police Inspector Dattatreya Masvekar played an important role in solving the mystery of this theft.
Maharashtra
Demand for immediate installation of bus shelters in Govindi Shivaji Nagar, Abu Asim Azmi submits memorandum to BEST administration, concerned about safety of passengers

Residents of Mumbai, Shivaji Nagar and Govind (M-East Ward) areas face significant hardship during summer, monsoon and inclement weather due to lack of bus shelters and seating arrangements at major bus stops. In this backdrop, Samajwadi Party Maharashtra state president and MLA Abu Asim Azmi has submitted a memorandum to BEST Committee Chairperson Trishna Vishwasrao, demanding immediate installation of robust bus shelters and seating facilities at these locations. Shivaji Nagar depot is one of the largest depots in Mumbai, serving a large number of passengers daily. Around 132 BEST buses ply in this area, and thousands of school and college students, women, senior citizens, pregnant women, disabled persons and workers rely on BEST services. In his memorandum, Azmi said that essential passenger amenities are missing at many of the six major bus stops in the area. Specifically, these include stops at Shivaji Nagar Depot Junction, Konkan Bank and Sai Mandir, Jafri School, 10 Feet Road No. 2, Sant Nirankari Nagar, and New Bus Depot. Due to the lack of safe waiting areas, passengers are forced to stand on the roadside and wait for buses. The memorandum highlights that this situation is especially bad for women, senior citizens, pregnant women and disabled passengers. Azmi also observed that local residents have been continuously following up with the depot manager and the civic department since 2023. Although the approval for the bus stop on Road No. 2 was reportedly given in 2024, the work has not yet started, leading to dissatisfaction among residents. Demand for joint inspection of all bus stops Azmi has demanded that the issue be taken seriously and a joint inspection of all bus stops be conducted immediately with representatives of local citizens. He further stressed that the work should be completed by installing robust bus shelters and seating arrangements at the relevant locations using BEST’s infrastructure fund.
BEST serves as a vital lifeline for the daily commute of millions of Mumbaikars, and it is essential that commuters have access to safe and dignified travel facilities. Hence, Azmi has demanded immediate action on the matter.
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