LIVE Maha budget: Liquor may cost more; no new taxes; no farm loan waiver | mumbai news | Hindustan Times
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LIVE Maha budget: Liquor may cost more; no new taxes; no farm loan waiver

Maharashtra finance minister Sudhir Mungantiwar is announcing the state’s budget.

mumbai Updated: Mar 18, 2017 17:25 IST
HT Correspondent
Maharashtra finance minister Sudhir Mungantiwar (left) and MoS finance Deepak Kesarkar with the state budget before entering Vidhan Bhawan in Mumbai on Saturday.
Maharashtra finance minister Sudhir Mungantiwar (left) and MoS finance Deepak Kesarkar with the state budget before entering Vidhan Bhawan in Mumbai on Saturday.(PTI)

The state finance minister Sudhir Mungantiwar did not make any big-ticket announcements in Saturday’s budget presentation for the year 2017-18. He, however, did not announce any new taxe, except an increase in tax on liquor and lottery.

From April 1, liquor is set to cost more, as the state has proposed to hike the Value Added Tax from 23.08% to 25.93% on MRP of country and foreign liquor.

Meanwhile, tax on weekly lottery has been increased from Rs 70,000 to Rs 1 lakh.

Despite demands from the Shiv Sena and the Opposition, Mungantiwar did not make any announcement on the loan waiver for farmers. The government, however, allocated Rs 8, 233 crore for various irrigation projects for farmers. During his speech, the finance minister also made provisions of Rs100 crore for micro-irrigation schemes.

In a bid to push industries across the state, the government has proposed to set aside Rs1,000 crore as incentives in terms of electricity rates, at Marathwada and Vidarbha. With an aim to promote cashless transactions, the state government has also brought down to zero, from the earlier 13%, the tax on card swiping machinesto zero.

The state has allocated a sizable chunk for various infrastructure projects, including the development of airports and construction of metro corridors. Mungantiwar allocated Rs 7,000 crore to the public works department for better roads across state. The government also allocated Rs 700 crore for the construction of Metro lines in Mumbai, Pune and Nagpur. In a bid to develop infrastructure in the state, the finance minister announced setting up of a special purpose vehicle to raise Rs1 lakh crore.

Missed our live updates? Here were some important annoucements Mungantiwar made:

4.17pm: “This budget will adversely affect state’s progress,” says former finance minister Jayant Patil

4.15pm: After budget announcement, Opposition legislators burn copies of the state budget outside the Assembly

4.04pm: No announcement on farm loan waiver, despite demands by Opposition and Shiv Sena

4.00pm: The tax on card swiping machines brought to zero from 13 %

3.53pm: Tax on milk testing kit and soil testing kit scrapped

3.52pm: Current tax concessions​ on foodgrains, spices, towels and Solapur bedsheets to continue

3.48pm: Octroi in Mumbai will go with introduction of the Goods and Services Tax

3.43pm: Liquor may cost more. No new taxes except VAT increase on liquor and tax on weekly lottery

3.40pm: GST will help the state increase its revenue, FM says

3.38pm: To ensure cashless transactions and biometric distribution of foodgrains, EPOS machines will be installed at 52,000 fair price shops under the computerization of public distribution system

3.33pm: Rs100 crore to improve tourism in Sindhudurg district

3.32pm: State Pay Reforms Committee to study Seventh Pay Commission recommendations

3.31pm: Seventh Pay Commission recommendations to be adopted for state govt staff

3.30pm: Rs 1,014 crore to improve crime detection and conviction rate across state

3.25pm: CCTV networks to be set up in Navi Mumbai, Mira Bhayandar, Chandrapur and Amravati too; Thane to get a forensic lab

3.24pm: Rs 200 crore to develop e-governance across Maharashtra

3.22pm: 28,332 gram panchayats to be connected with optic fibre cable by December 2018

3.21pm: Maharashtra School of Drama to be set up, on the lines of National School of Drama, at Mumbai’s Film City

3.16pm: Rs 200 crore allocated for memorials of Shivaji, BR Ambedkar and Bal Thackeray

3.13pm: Cashless transactions at public distribution sceme shops across state

3.09pm: Asmita Yojna scheme announced to make sanitary napkins available in government schools across rural areas at subsidised rates

3.08pm: Minority youth to be trained for UPSC, competitive banking examinations, Rs 8 crore allocated

3.06pm: Rs 332 crore as funds for minority development

3.05pm: Rs 2,384 crore to set up, run a dedicated OBC development department

3.02pm: State will contribute Rs 25 crore for Centre’s Stand Up India initiative that is aimed at promoting entrepreneurship among scheduled caste youth

3.00pm: Rs 80 crore to develop and improve tiger sanctuaries

2.58pm: Rs 559 crore for development of government medical colleges across Maharashtra

2.56pm: A Rs990-crore plan for cleaning up the polluted Mula and Mutha rivers in Pune district

2.56pm: Rs1,640 crore allocated for CM Gramsadak scheme and Rs570 crore allocated for PM Gramsadak Scheme

2.55pm: Rs 70 crore for port development in Maharashtra.

2.53pm: To give industries a boost, Rs 1,000 crore set aside for incentives at Marathwada and Vidarbha

2.52pm: Cancer screening machines to be provided at 253 government and semi-government hospitals at a cost of Rs 43 crore

2.51pm: Rs 126 crore for a state-level cancer research institute at Aurangabad

2.49pm: Rs 700 crore for developnent of metro routes in Mumbai, Pune and Nagpur

2.48pm: Rs1,600 crore for cities selected under the Smart Cities scheme

2.47pm: Water grid to be set up in parched Marathwada region to tackle water shortage

2.44pm: Maha Infra, a special purpose vehicle, to be formed to raise Rs1 lakh crore for developing infrastructure

2.41pm: For better roads, Rs7,000 crore allocated to the public works department for road development across state

2.39pm: Govt promises to complete the Marathwada Krishna Valley project in the next four years

2.36pm: Rs1,200 crore allotted for Jalyukt Shivar; Department of Water Resources given Rs2,800 crore

2.35pm: Rs 99 crore kept aside to aid ITI’s in Maharashtra

2.34: Mumbai University’s economics department to be revamped at a cost of Rs25 crore

2.30pm: Rs 8,233 crore alloted for irrigation; FM announces Rs 200 crore for farmers; Rs50 crore set aside for farmers to develop markets and sell produce; cold storage vans to be made available for farmers to transport vegetables

2.27pm: State government determined to double farmer’s income by 2021: FM Sudhir Mungantiwar

2.26pm:  Finance minister says state is in favour of farm loan waiver

2.10pm: State finance minister Sudhir Mungantiwar starts presentation of the budget in Maharashtra Assembly amid sloganeering by Opposition party members demanding farm loan waiver