Maharashtra
Maharashtra Govt Turns To ₹12,000 Crore Teak Assets To Tackle Fiscal Strain Facing Welfare Schemes
Mumbai: The state government may be grappling with financial strain due to welfare schemes such as the Mukhyamantri Majhi Ladki Bahin Yojana, but its forest reserves could offer relief. Forest Minister Ganesh Naik on Friday told the State Council that teak plantations worth Rs 12,000 crore could be leveraged to raise Rs 6,000 crore to meet Forest Department’s needs.
During Question Hour, members cutting across party lines raised concerns over forest protection, infrastructure upgrades and routine needs of forest staff, particularly in the buffer zone of the Navegaon– Nagzira Tiger Reserve. Naik said forest assets could be monetised to bridge funding gaps. Teakwood cultivated and available for harvesting under Forest Development Corporation of Maharashtra (FDCM) is valued at Rs 12,000 crore.
“I have instructed officials to raise a loan of Rs 6,000 crore against assets worth Rs 12,000 crore from a bank. The interest can be serviced through revenue generated from logs obtained during thinning operations,” he said. He added that once mobilised, the funds would be used for infrastructure development, payment of salaries and dearness allowance, and strengthening field operations. The money would also help improve facilities for Range Forest Officers, Divisional Forest Officers, departmental offices, rest houses, forest roads and tourism infrastructure. The proposal will be placed before the Cabinet for approval, he said.
When BJP MLC Pravin Darekar and Congress MLC Satej Patil raised concerns over rehabilitation and road connectivity in forest-fringe villages, Naik referred to the Mukhyamantri Majhi Ladki Bahin Yojana, which provides Rs 1,500 per month to eligible women. He acknowledged that the flagship welfare scheme had put pressure on government finances and affected departmental allocations, but asserted that it would continue.
To tackle rising human-wildlife conflict, Naik said the government would construct a 500-foot-wide bamboo barrier around the Tadoba–Andhari Tiger Reserve to prevent animals from straying into human settlements. He added that captured monkeys would be relocated to forest areas with arrangements for food. Naik also reiterated that families in buffer zones opting for voluntary relocation would be provided land, housing and rehabilitation support.
Maharashtra
Kasturba Marg Police recover 100 stolen mobile phones, return them to their original owners

Acting on complaints regarding stolen and lost mobile phones within the jurisdiction of the Kasturba Marg Police Station in Mumbai, police analyzed data from the CEIR portal and conducted technical investigations. By verifying device details, IMEI numbers, and user information, officers from the Kasturba Marg Police Station tracked down and recovered a total of 100 mobile phones from locations across Mumbai and other parts of Maharashtra.
The total estimated value of the 100 recovered mobile phones is ₹2,270,658. Of these, 18 phones have already been returned to their respective owners/complainants, including: 1) Rajendra Puri, 2) Khush Saw, 3) Kripa Lodhiya, 4) Shreya Satam, 5) Atul Sathe, 6) Priyanka Mistri, 7) Banu Tarang, 8) Prem Gupta, 9) Adya Shaikh, 10) Shweta Shah, 11) Sandhya Pandit, 12) Deepak Sawdekar, 13) Saurabh Jhangar, 14) Ketan Shete, 15) Onkar Raut, 16) Jayalal Yadav, 17) Lakshmi Appa Kripagiri, and 18) Praveen Dubey. The process of returning the remaining phones to their owners is currently underway.
This operation was carried out under the supervision of the DCP (North, Zone 3), Mumbai, by the team at Kasturba Marg Police Station, led by Balasaheb Bunkar.
Crime
CBI books Mumbai firm, officials in Rs 93.44 crore loan fraud case

Mumbai, Oct 3: The Central Bureau of Investigation (CBI) conducted searches at multiple premises in Mumbai and registered a Rs 93.44 crore bank fraud case against officials of Hanjer Biotech Energies on the complaint of Punjab National Bank, an official said on Saturday.
The CBI conducted searches on Friday at multiple premises linked to the directors of Hanjer Biotech Energies in Mumbai, the CBI said in a statement.
The CBI registered the instant case on September 30, 2026, on the complaint of Punjab National Bank, SAM Branch, Mumbai, against Hanjer Biotech Energies, its directors and guarantors, unknown public servants and unknown private persons.
The accused were booked for offences of criminal conspiracy for cheating and offences under the Prevention of Corruption Act, resulting in alleged wrongful loss of approximately Rs 93.44 Crore to the bank.
It was alleged that the accused entered into a criminal conspiracy, obtained term loan of Rs 135 crore on the invoices of its related party and diverted/siphoned off the funds for other purposes for which it was not sanctioned, causing loss to the bank, the CBI said.
During the searches on Friday, incriminating bank documents and property documents relevant to the investigation were recovered and seized.
Investigation is continuing to ascertain the full extent of the conspiracy, identify the role of all involved persons, including public servants and private individuals, and trace the end-use of the loan funds, the CBI said.
In a separate case on Friday, the CBI arrested an Executive Engineer of the Central Public Works Department (CPWD), Mumbai, his relative and three officials of a Mumbai-based real estate group, in a Rs 50 lakh bribery case related to the issuance of a No-Objection Certificate (NOC) for a land parcel.
Vikrant Verma, Executive Engineer, CPWD Mumbai; Saurav Gupta, Verma’s relative based in Pune; and Arvind Semwal, Vice President, Baya Company, were among those named in the FIR by the Central Bureau of Investigation (CBI) on Thursday, an official said.
The arrested accused were produced before the Special CBI Judge in Mumbai on Friday, the official said in a statement.
Maharashtra
Monsoon Withdraws Further from Maharashtra; Hot and Humid Weather Alert Issued for Konkan Region

MUMBAI PRESS — The India Meteorological Department (IMD) announced on Saturday, October 3, 2026, that the Southwest Monsoon has withdrawn from parts of Maharashtra, as well as the remaining regions of North India, Gujarat, and Madhya Pradesh.
The current withdrawal line of the Southwest Monsoon passes through Harnai, Baramati, Parbhani, and Brahmapuri in Maharashtra, extending northeastward through Raipur, Ranchi, and Supaul. Weather officials stated that conditions are favorable for further retreat from most parts of Marathwada, Vidarbha, and additional areas of Madhya Maharashtra over the next 2 to 3 days.
Hot and Humid Stretch for Coastal Maharashtra
Residents in the coastal belt should prepare for elevated discomfort over the weekend. The IMD has issued a hot and humid weather warning for Konkan & Goa prevailing from October 3 through October 5.
Following this dry and muggy stretch, mild weather activity is expected to return to the region. Isolated to scattered rainfall is forecast across Konkan & Goa and Madhya Maharashtra between October 6 and October 9.
Southern and Northeastern Forecast
While monsoon forces retreat from central and northern parts of India, southern states are bracing for heavy downpours. Isolated heavy rainfall is predicted over Kerala, Mahe, Tamil Nadu, Puducherry, and Karaikal from October 4 to October 6, with South Interior Karnataka expected to receive heavy spells on October 5 and 6.
In the northeast, isolated heavy rainfall is expected to continue over Assam, Meghalaya, and Arunachal Pradesh through October 3.
Advisory for Fishermen
Due to lower-tropospheric cyclonic circulations over the Arabian Sea, the IMD has urged fishermen not to venture into the sea along and off the Kerala coast, Lakshadweep, Maldives, and the Comorin area on October 3. Farmers in heavy rainfall zones have also been advised to ensure proper field drainage and move harvested crops to covered storage to prevent crop damage.
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