Maharashtra Budget 2017-18 to be presented in Legislative Assembly by Sudhir Mungantiwar at 2 pm

The Maharashtra budget 2017-18 will be presented in the state Assembly at 2 pm on Friday by state Finance Minister Sudhir Mungantiwar.

FP Staff March 18, 2017 12:50:58 IST
Maharashtra Budget 2017-18 to be presented in Legislative Assembly by Sudhir Mungantiwar at 2 pm

The Maharashtra Budget 2017-18 will be presented in the Legislative Assembly at 2 pm on Saturday by state finance minister Sudhir Mungantiwar.

The state's economy is expected to grow by 9.4 percent in 2016-17 over the previous year, according to the Economic Survey for 2016-17 presented in the state legislature in Mumbai on Friday.

The survey stated that agriculture and allied activities sector is likely to grow by 12.5 percent.

Maharashtra Budget 201718 to be presented in Legislative Assembly by Sudhir Mungantiwar at 2 pm

Maharashtra Chief Minister Devendra Fadnavis. PTI

According to the report, the state witnessed good rains (94.9 percent) of 'normal rainfall' during 2016-17 after a dry spell of two years. Out of 355 talukas, excluding Mumbai city and suburbs, 58 talukas received deficient, 216 normal and 81 talukas received excess rainfall.

During 2016 Kharif season, sowing was completed under 152.12 lakh hectares and the production of cereals, pulses, oil seeds, and cotton is expected to increase by 80 percent, 187 percent, 142 percent and 83 percent, respectively in 2016-17.

Production of sugarcane is projected to drop by 28 percent against the previous year.

The area under Rabi crop in 2016 stood at 51.31 lakh hectares. Production of cereals, pulses and oil seeds is expected to increase by 62 percent, 90 percent and 36 percent, respectively.

The Maharashtra Assembly was adjourned thrice on Friday as the stand-off continued in the House over the farmers' loan waiver issue.

As soon as the House assembled for the day, the MLAs of Shiv Sena, Congress and NCP trooped into the well shouting slogans.

The Sena MLAs said, "Shiv Sena cha bhajapa la ishara. Shetkaryacha saat baara kora zalaach pahije (Shiv Sena warns the BJP that land records of farmers should be clear)." The Congress and NCP members demanded that the loans of farmers should be waived off.

On the other hand, Chief Minister Devendra Fadnavis asked whether those demanding farm-loan waiver could guarantee that suicides by farmers will stop if debts were written off. The chief minister said that since the loan waiver scheme of 2008-2009, as many as 16,000 state farmers had committed suicide, and accused the opposition of playing politics over a critical and sensitive issue.

The Economic Survey further said that industry and services sectors are expected to grow at 6.7 percent and 10.8 percent, respectively.

The expected revenue receipts for 2016-17 are Rs 2,20,810 crore as against Rs 1,98,321 crore during 2015-16, the survey stated.

The actual revenue receipts during April to December 2016 were Rs 1,40,864 crore, an increase of 11.4 percent over the corresponding period of the previous year, the survey said.

The expected revenue expenditure of the state is Rs 2,24,455 crore in 2016-17 as against Rs 2,07,611 crore during 2015-16.

Under the Jalyukt Shivar Yojana, out of 6,202 villages in the state selected in 2015-16, 4,374 villages were made water neutral. During 2016-17, 5,281 villages were selected.

With inputs from agencies

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