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Maharashtra signs MoUs worth Rs 46K cr at Davos WEF

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 Getting into the business mode in Davos, Maharashtra Chief Minister Eknath Shinde and his team inked MoUs worth around Rs 45,900 crore for various projects with a potential to create around 10,000 direct jobs, an official from the delegation said here on Tuesday.

Industry Minister Uday Samant, who is part of the CM entourage, said that on the first day on Monday (January 16), the state government has signed the agreements with several major global conglomerates and investors.

Present at the ceremonies were top officials like Harshdeep Kamble, Vipin Sharma. T. Krishna, Shreya Eren, Ashish Nawade and others.

The investments include Berkshire Hathaway HomeServices Orenda India (Rs 16,000 cr), ICP Investments/Indus Capitals (Rs 16,000 cr), Greenko Energy Projects Pvt. Ltd. of Telangana (Rs 12,000 cr), Nipro Pharma Packaging India Pvt. Ltd. of Pune (Rs 1,650 cr) and Rukhi Agro Foods of Thane (Rs 250 cr).

The Shiv Sena (UBT) Chief Spokesperson and MP Sanjay Raut said that if all these investments are indeed coming then that is good for the state.

“However, let’s wait till the investments actually come and jobs are really created before we can comment,” said a skeptical Raut, who had yesterday urged Shinde to visit Gujarat and get back projects of Maharashtra which had shifted there in 2022.

Setting the state on an ambitious journey of a USD One Trillion economy, Shinde is all set to sign a total of 21 MoUs worth Rs 1.40 lakh-crore, intended to create over 66,500 jobs in the next five years.

Besides the agreements signed on Monday, more MoUs are scheduled with major global conglomerates and investors in greenfield projects like data centres, pharmaceuticals, logistics, chemicals, automobiles, electric vehicles, renewable energy and ESDM during Shinde’s ongoing visit to the World Economic Forum (WEF) in Davos, Switzerland.

He showcased the progressive policy reforms of the government, making the state a part of the global conversation, to reiterate to political leaders and global investors why Maharashtra is a premier investment destination.

Maharashtra has signed the prestigious three-year Platform Partnership with the WEF, a commercial contract for continuous engagements on subjects of strategic importance to the state.

The subjects focus on Shaping the Future of Urban Transformation – smart and connected cities, urban resilience, governance, infrastructure & services and resource management, and New Economies and Societies, focusing on entrepreneurship, education & skills, economic growth and job creation, said Shinde.

In the next couple of days, Shinde will present Maharashtra’s progressive policies and investor-friendly outlook to key political and government representatives from Luxembourg, Saudi Arabia, and Singapore, among others.

Among the most industrialised states in India, Maharashtra contributes 15 percent to the national GDP and 16 percent of the country’s industrial output.

The services sector accounts for much of the state economy, upto 62 per cent of the state GDP, followed by the manufacturing sector which contributes 20 per cent through major industries including automobiles, engineering, textiles, pharmaceuticals, chemicals, petrochemicals, food processing and IT/ITeS.

Maharashtra

Mira Bhayandar: AI-Powered Drones Deployed For Surveillance Along Uttan Coastline To Curb Illegal Fishing

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Mira Bhayandar: In a significant stem having a dual-objective including- keeping a tab on illegal fishing activities and enhancing marine security, the state fisheries department has launched artificial intelligence (AI) powered drones along the state’s coastline in seven districts including Uttan in Thane district.

Nine drones were simultaneously launched by minister for fisheries and ports- Nitesh Rane from the office of the fisheries department in Mumbai on Thursday. While two units each have been deployed for jetties in Revdanda, Shrivardhan (Raigad), Mirkarwada, Sakhari-Nate (Ratnagiri) and a unit each for- Shirgaon (Palghar), Gorai (Mumbai Suburban), Sasoon Dock (Mumbai city), Uttan (Thane) and Devgad (Sindhudurg).

The respective offices of the fisheries department will house the digital data maintenance mechanism (control room) of the high-tech surveillance system.

The drones will map fishing boats to identify and report the presence of illegally operating ones while monitoring up to 12 nautical miles and a 720-km stretch of the coastline, providing real-time data for effective surveillance.

“The drones which will be connected to the fisheries department office at Velankani (Uttan) will conduct aerial monitoring around the coastline, collect real-time data and share it with security agencies for action against illegal activities.” said Pawan Kale an official who is attached to the license wing of the fisheries department in Uttan.

Appreciating, minister Nitesh Rane’s move, local fishing community leader- Leo Collaso said, “This was a much-needed step as the traditional fishermen were on the verge of losing their only livelihood owing to various types of destructive methods and apparatus like-purse seine nets, submerged light-emitting diode (LED) lights and bull trawling by illegally operating fishing vessels and trawlers. The drones have ignited hope that such fishing activities which harm the marine ecosystem will be spotted and taken to task.”

“Although authorities keep guard in patrolling vessels, manual inspection is a herculean task due to which unauthorised boats escape easily. The drone-based surveillance system will now help in preventing illegal fishing while effectively implementing the state’s Marine Fishing Regulation (Amendment) Act, 2021.” said Renold Bechari.

The respective offices of the fisheries department will house the digital data maintenance mechanism (control room) of the high-tech surveillance system. The drones will map fishing boats to identify and report the presence of illegally operating ones while monitoring up to 12 nautical miles and a 720-km stretch of the coastline, providing real-time data for effective surveillance.

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Crime

Kurla BEST Bus Tragedy: Court Denies Bail To Driver Sanjay More

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Mumbai: A Mumbai court on Friday denied bail to the driver of the BEST bus involved in the December 10 accident in Kurla East, which resulted in the deaths of seven persons and injured more than 40.

An electric bus of the civic-run Brihanmumbai Electric Supply and Transport undertaking had hit several vehicles late night that day on the arterial SG Barve Road, following which driver Sanjay More was arrested under provisions of the Bharatiya Nyaya Sanhita.

More’s bail plea was rejected by Additional Sessions Judge VM Pathade, though a detailed order has not been made available as yet.

In his plea filed through advocate Samadhan Sulane, More had claimed the accident was the result of a mechanical fault in the bus and that he had been unjustly arrested.

The prosecution, however, contended no technical fault was found in the ill-fated bus.

After hearing arguments from both sides, judge Pathade rejected More’s bail plea.

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Maharashtra

Maharashtra Government Form Committee To Explore Revenue Through Liquor, Cigarette Sales Amid Fund Issues

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State governments, when drowning in debt, have no option but to tweak the excise policy on sin goods like cigarettes and liguor. Maharashtra may be no exception to the norm.

With its income sources already stretched thin, the cash-strapped Mahayuti government has decided to pop open a bottle of opportunity—appointing a five-member committee to explore liquor production and sales as a new revenue stream.

The committee, chaired by the additional secretary for the housing department, Appoints Committee to Study Liquor Policies for Revenue e Generation brings together a medley of bureaucrats: the additional chief secretaries from finance and state excise, the commissioner of state GST, and the member secretary, the state excise commissioner.

Together, they’ll be tasked with reviewing policies on liquor production, sales licenses, excise duties, and, crucially, revenue-maximizing practices adopted by other states, Expect a menu of recommendations on how to spice up state coffers. The committee’s. main course? A proposal already served up by the state excise commissioner, aimed at increasing annual income through liquor production and sales.

The plan? Crack down on illegal liquor sales and serve up more licenses for retail outlets. If this proposal is uncorked, it could boost the state’s revenue while also tidying up the department’ existing operations. ‘Why the sudden thirst for extra revenue, you ask? Blame the evergrowing list of populist promises made ahead of the state elections, which now need to be fulfilled. Take the Ladki Bahin scheme, for example—it demands a whopping Rs 46,000 crore annually.

Add to that loan waivers for farmers and covering electricity bills for agriculture pump sets, and you’ve got a recipe for fiscal trouble. To top it off, the state needs an extra Rs 600 crore to hike the Ladki Bahin disbursement from Rs 1,500 to Rs 2,100. Then there’s the debt. With loans soon expected to touch Rs 8 lakh crore, the state needs a sugar rush of revenue to keep things running smoothly. Aside from GST, Maharashtra relies heavily on VAT from petrol and diesel, stamp duties, vehicle taxes, and—of course—excise revenues. And so, the state is eyeing liquor sales as a cash cow.

But here’s the rub: the state’s current policy freezes the number of retail liquor licenses, a decision made back in 1974. With Maharashtra’s population growing and new urban areas cropping up, the demand for wine shops and country liquor outlets is higher than ever. The state excise department believes it’s high time to revisit this policy. Currently, there are 1,720 licenses for Indian Made Foreign Liquor (IMFL) and 4,346 for country liquor, not including those granted to restaurants with permit rooms. As population booms and urbanization spreads, the excise department is suggesting that the state loosen its grip on liquor licenses and let more outlets sprout up, bringing in fresh revenue while reducing the black market’s grip.

So, is the state taking the path of least resistance, or is it simply opening a new bottle of opportunity? Only time (and the committee’s recommendations) will tell—but it seems like Maharashtra is preparing to raise a glass to new ways of keeping the state’s finances in the black.

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