Business
Maharashtra presents deficit budget, new tax burden on citizens
Mumbai: Finance Minister and Deputy Chief Minister Ajit Pawar presented the state budget in the Maharashtra Legislative Assembly today. The public has expressed confidence in us in the assembly elections, so Mahayuti is committed to maintaining their trust. In this budget, special concessions and facilities have been given to the middle class. An attempt has been made to solve the problems of the people. With this resolve, Ajit Pawar has presented the budget for 2025-26, which is the first annual budget presented by the Mahayuti government.
Presenting the budget in the Assembly, Ajit Pawar said in his speech that Maharashtra will not stop, development will not be delayed, he also claimed that large-scale projects will be completed in the state, which will increase employment opportunities and boost the economy.
The state has set a target of an economy of one lakh trillion. Work on the Bengaluru-Mumbai Industrial Corridor is underway. Along with better industrial facilities in the state, employment opportunities and a technical center in the state and establishment of Maharashtra Technical Textile Mission for development work have also been implemented. It has also been assured in the budget that electricity rates will be reduced in the state. Electricity rates in the state will be lower than the rates of other provinces.
Ajit Pawar has also promised to complete many facilities and projects in the state budget. The work of Navi Mumbai airport is 85 percent complete, while work has started on Nagpur airport. Establishment of markets for agriculture has been ensured. Rs 3610 crore has been allocated for the transport department, out of which work has started on a 41 km long metro route in Mumbai.
A special project has been included in the budget for Mumbai, in which Rs 64,783 crore has been allocated for Versova to Madha, Versova to Bhayander Coastal Road, Malind to Goregaon, Thane to Borivali and Orange Gate to Marine Drive underground road to eliminate traffic problems in suburban areas. Thane to Navi Mumbai International Airport will be connected to the international airports of Thane, Dombivali, Kalyan and other important cities.
The work of the missing link at Khapoli-Khandala Ghat on Mumbai-Pune Highway will be completed by August 2025. Mumbai, Navi Mumbai Global Market will be established as well as Taluka Market Committee will be established across the state. Housing Scheme: Financial assistance of Rs 50,000 will be given for the house. Implementation of Pradhan Mantri Awas Yojana will be ensured in the state. Under this scheme, assistance of Rs 50,000 will be provided to each person. Under the Pradhan Mantri Surya Ghar Yojana, Rs 1.30 lakh has been allocated for domestic electricity and Rs 1,000 crore for power generation of more than 500 MW.
The state government has so far spent Rs 33,232 crore on Ladli Behan in the budget, while the Finance Ministry has allocated Rs 36,000 crore for it. A Hope Mall will be started in every district to establish savings banks and 10 malls will be set up in the first phase.
A 200-bed hospital will be built in Thane of Ratnagiri district, which will provide medical facilities to the citizens. The second phase of construction of metro route will be implemented in Pune. In the second phase, Rs 9894 crore has been allocated for two metro routes. Both the metro projects have been sent for approval from the Central Government. A statue of Chhatrapati Shivaji Maharaj will be installed in Sangameshwar. Apart from this, Maratha Shaurya Smarak will be built in Panipat. A statue of Chhatrapati Shivaji Maharaj will be built in Agra.
In this budget of the state government, a new tax has been imposed on the citizens. In this, a lump sum tax of 7% has been ensured on the purchase of cars. This tax has been imposed on electric cars and other things. This tax has been imposed on the purchase of cars worth more than 30 lakhs so that the common citizens do not face any problem. The state government has presented a budget of 7 lakh thousand crores. In this deficit budget, the burden of tax has been imposed on the citizens.
Business
New multi-tracking projects to boost rail infrastructure across 4 states: PM Modi

New Delhi, Aug 19: Prime Minister Narendra Modi said on Wednesday that four multi-tracking projects that have been approved by the Cabinet will provide a major boost to railway infrastructure and connectivity across Andhra Pradesh, Odisha, Tamil Nadu and West Bengal.
These projects will have many benefits, like strengthening passenger and freight movement, reducing congestion and greater logistics efficiency. The better connectivity will also facilitate commerce and tourism in these states, PM Modi said in a post on X.
The multi-tracking projects will add important capacity to the Indian Railways network and benefit lakhs of people, he added.
The projects, which entail a total investment of Rs 9,450 crore, will be completed by 2030-31.
The projects include the Kharagpur – Bhadrak (Ranital) 4th Line across a stretch of 173 km covering West Bengal and Odisha; the second project is a 4th line from Bhadrak to Haridaspur across 75 km in Odisha, while the third is the Gummidipundi – Gudur 3rd and 4th line extending across a distance of 90 km in Andhra Pradesh and Tamil Nadu. The fourth project is the Cuttack to Paradeep (Badabandha) 3rd and 4th lines to cover a 72 km route in Odisha.
The projects are in line with the Prime Minister’s vision of a New India, which will make people of the region “Atmanirbhar” by way of comprehensive development in the area, which will enhance employment opportunities, a statement said.
The projects are planned on the PM-Gati Shakti National Master Plan with a focus on enhancing multi-modal connectivity and logistics efficiency through integrated planning and stakeholder consultations. These projects will provide seamless connectivity for movement of people, goods and services.
The four projects covering eight districts across West Bengal, Odisha, Tamil Nadu and Andhra Pradesh will increase the existing network of Indian Railways by about 410 kms. The proposed multi-tracking projects will enhance connectivity to approximately 6,448 villages with a population of about 60 lakhs.
The proposed capacity enhancement will improve rail connectivity to several prominent tourist destinations across the country, including Kuldiha Wildlife Sanctuary, Bhitarkanika National Park, Maa Bhadrakali temple, Maa Dhamarai temple, Panchalingeswar Temple, Talsari–Udaypur and Chandipur Beach, Pulicat Lake, Nelapattu Bird Sanctuary, Lord Veeraraghava Perumal Temple, Gada Kujanga Jagannath Temple, Sarala Temple, Dhabaleswar Temple and Lalitgiri, a Buddhist site.
The proposed projects are essential routes for transportation of commodities such as coal, iron ore, cement, iron and steel, containers, automobiles and food grains.
Business
Cabinet okays key Bihar road project for Rs 3,590 crore to boost connectivity, cut congestion

New Delhi, Aug 19: In a bid to expand Bihar’s National Highway network and facilitate faster movement of goods and passengers, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the upgradation of an 82.578 km length of the Muzaffarpur-Sitamarhi-Sonbarsa Section of NH-22 to four-lane, at a total capital cost of Rs 3,590.73 crore.
The project acts as a key feeder corridor connecting the India–Nepal border at Sonbarsa with economic centres like Muzaffarpur at NH-27 (East–West Corridor).
According to the Cabinet, this will significantly reduce congestion in densely populated areas of Muzaffarpur, Muksudpur, Runni Saidpur, Thumma, Dumra, Bhutahi, and Sonbarsa.
“The Muzaffarpur–Sitamarhi–Sonbarsa stretch of NH-22 holds significant strategic and economic relevance, ensuring seamless linkage to the national freight grid,” a Cabinet communique said.
It not only enhances connectivity to industrial zones like Barauni and riverine logistics hubs but also strengthens cross-border passenger and cargo movement via the nearby Land Port at Bhithamore.
Additionally, the upgraded corridor will enhance connectivity to five PM Gati-Shakti Economic Nodes (four Industrial Estates and one Mega Food Park), four Social Nodes (Baba Garibnath Temple, Mata Janki Temple, Punaura Dham, Muzaffarpur and Sitamarhi aspirational Districts), and two Logistic Nodes (Muzaffarpur and Sitamarhi Railway Stations).
Improved connectivity will facilitate efficient movement of goods and agricultural supply chains, support regional economic growth, and provide better access to important cultural and religious destinations such as the Buddhist Circuit and historic Janaki Punaura Dham Temple, Sitamarhi.
According to the Cabinet, the project has been designed for a speed of 100 kmph with an average speed of 80 kmph, having no at-grade median openings, ensuring fast and safe travel.
Moreover, the project has provision for seven major bridges (including a 340-metre-long major bridge over the perennial Bagmati River), three Railway Over Bridges (ROBs), and two flyovers to maintain cross movement of the traffic and ensure safe, high-speed travel.
Business
Cabinet okays 4 railway projects worth Rs 9,450 crore

New Delhi, Aug 19: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved four multi-tracking railway projects with a total investment of Rs 9,450 crore, which will be completed by 2030-31.
The projects include the Kharagpur-Bhadrak (Ranital) 4th Line across a stretch of 173 km covering West Bengal and Odisha; the second project is a 4th line from Bhadrak to Haridaspur across 75 km in Odisha, while the third is the Gummidipundi-Gudur 3rd and 4th line extending across a distance of 90 km in Andhra Pradesh and Tamil Nadu, a Cabinet communique said.
The fourth project is the Cuttack to Paradeep (Badabandha) 3rd and 4th lines to cover a 72 km route in Odisha.
The increased line capacity will significantly enhance mobility, resulting in improved operational efficiency and service reliability for Indian Railways. These multi-tracking proposals are poised to streamline operations and alleviate congestion. The projects are in line with the Prime Minister’s vision of a New India, which will make people of the region “Atmanirbhar” by way of comprehensive development in the area, which will enhance employment opportunities, the statement said.
The projects are planned on the PM-Gati Shakti National Master Plan with a focus on enhancing multi-modal connectivity and logistics efficiency through integrated planning and stakeholder consultations. These projects will provide seamless connectivity for movement of people, goods, and services.
The four projects covering eight districts across West Bengal, Odisha, Tamil Nadu and Andhra Pradesh will increase the existing network of Indian Railways by about 410 km. The proposed multi-tracking projects will enhance connectivity to approximately 6,448 villages with a population of about 60 lakh, the statement said.
The proposed capacity enhancement will improve rail connectivity to several prominent tourist destinations across the country, including the Kuldiha Wildlife Sanctuary, Bhitarkanika National Park, Maa Bhadrakali temple, Maa Dhamarai temple, Panchalingeswar Temple, Talsari–Udaypur and Chandipur Beach, Pulicat Lake, Nelapattu Bird Sanctuary, Lord Veeraraghava Perumal Temple, Gada Kujanga Jagannath Temple, Sarala Temple, Dhabaleswar Temple and Lalitgiri, a Buddhist site.
The proposed projects are essential routes for transportation of commodities such as coal, iron ore, cement, iron and steel, containers, automobiles, food grains, etc. The capacity augmentation works will result in additional freight traffic of magnitude 76 MTPA (Million Tonnes Per Annum). The Railways, being an environment-friendly and energy-efficient mode of transportation, will help both in achieving climate goals and minimising logistics cost of the country, reduce oil import ( around 13 crore litres) and lower CO2 emissions (around 65 crore kg), which is equivalent to the plantation of 2.60 crore trees, the statement added.
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