Mumbai: The Maharashtra state budget for fiscal year 2025-26 is being presented by the state Deputy CM and Finance Minister Ajit Pawar in Maharashtra State Assembly in Mumbai.

Jobs In Maharashtra

During the speech, the FM Pawar said that his government intends to create 50 lakh jobs for citizens of Maharashtra through a Rs 40 lakh crore investment over the next 5 years.

Pawar added that Maharashtra’s new Industrial Policy 2025 will soon be announced.

Special polices will also be announced in space, defence, electronics, MSME and circular economy.

Pawar also spoke about the introduction of new labour laws in the richest state.

In the speech, the FM said that he intends to build new business corridors in the Mumbai Metropolitan Region, or MMR, and make it a Growth Hub.

Mumbai-Bengaluru Corridor

Highlighting CM Fadnavis’s trip to the World Economic Forum (WEF) in Davos, Pawar said, MoUs signed with 63 companies at Davos Economic Summit, investment of a whopping Rs 15.72 lakh crores and estimated creation of 16 lakh jobs.”

The finance minister also updated the house on the status of the Bengaluru-Mumbai Industrial Corridor.

He said that land acquisition for the Bengaluru-Mumbai Industrial Corridor is underway and this project will help set up industries in drought-prone areas of the state.

Mumbai: Maharashtra state’s budget for the fiscal year 2025-26 is currently underway in the Maharashtra state assembly. The state’s finance and deputy chief minister, Ajit Pawar, while speaking in the budget, said that the Mumbai Metropolitan Region or MMR, will be developed as an international-class ‘Growth Hub’.

In order to achieve this, trade hubs will be set up in Bandra-Kurla, Kurla-Worli, Wadala, Goregaon, Navi Mumbai, Kharghar, Virar-Boisar.

The state government also aims to take the Maharashtra economy to USD 300 billion by 2030 and take it to new heights and reach the coveted trillion-dollar mark or USD 1.5 trillion by 2047.

The state of Maharashtra is the largest state economy within India.

The state FM also announced a major decision to exempt Port Development from property tax.

In his speech, Pawar said, “In the “Maharashtra Maritime Development Policy-2023”, port development has been exempted from property tax, non-agricultural tax, electricity duty, stamp duty, and industrial rates have been implemented for electricity. Passenger and port taxes have been exempted to promote passenger shipping and coastal tourism.”

At the beginning of the speech, Pawar highlighted the state election results. While speaking in the Maharashtra state assembly, he said, “The people gave an unprecedented majority to the Mahayuti in the November 2024 assembly elections. Heartfelt gratitude to all the people! This trust is a sense of responsibility and guarantees to uphold its honor.”

Mumbai: Maharashtra Navnirman Sena chief MNS chief Raj Thackeray only sees Hinduism, he does not see the red water flowing on Muhammad Ali Road on Bakri Eid. Crores of devotees took a holy dip during the Kumbh Mela in Prayagraj. Raj Thackeray had criticized the Kumbh Mela itself and refused to drink the Ganga water brought from Kumbh.

The BJP has taken a dig at him and Nitish Rane criticized Raj Thackeray, saying that he only sees Hindu festivals. Nitish Rane said that Raj Thackeray had gone to Gujarat, now he should come to Prayagraj. During the session of the Mumbai Legislative Assembly, Nitish Rane expressed his displeasure with Raj.

Addressing the party’s foundation day in Pune-Pimpri adjoining Mumbai, Raj Thackeray had said that when I held a meeting of my office bearers in Mumbai, some members were absent. Many of them said that they have gone to the Kumbh Mela.

On this, Raj Thackeray had asked him why he was so busy that he needed to go to the Maha Kumbh. BJP has also given importance to this statement and now it has also opened a front against Raj Thackeray.