Tag Archives: MAHARASHTRA

Luxury electric vehicles (EVs) in Maharashtra will soon become more expensive after the state government announced a 6% motor vehicle tax on premium EVs priced above ₹30 lakh. This move, part of the state budget proposals for the financial year 2025-26, has raised concerns over potential sales declines in the segment.

The Supreme Court has agreed to review the Maharashtra government's decision to award the Dharavi Redevelopment Project (DRP) to Adani Properties Ltd, directing that all financial transactions related to the project be routed through an escrow account. The court made the award of the contract subject to its final ruling while admitting a petition by SecLink Technologies Corporation (STC), which challenged the Maharashtra government’s tendering process.

The Central Government has released ₹5,858.60 crore to 14 states impacted by severe flooding, heavy rainfall, and landslides during this year’s southwest monsoon season. The funds are sourced from the State Disaster Response Fund (SDRF) and include an advance from the National Disaster Response Fund (NDRF), as announced by the Ministry of Home Affairs (MHA) on Tuesday.

The Maharashtra government has officially approved the acquisition of approximately 256 acres of ecologically sensitive salt-pan land from the Centre to provide housing for residents in Dharavi who do not qualify for homes under the Adani Group-led Dharavi Redevelopment Project. This decision was made on Monday, following the Centre's consent for the transfer of three salt-pan parcels located in Kanjurmarg, Bhandup, and Mulund. The transfer was sanctioned on September 2 after a request from the state government.

Adani Group has emerged victorious in a significant bid to supply 6,600 MW of electricity to Maharashtra State Electricity Distribution Company Limited (MSEDCL), marking a major achievement for the company. The contract, awarded at a rate of ₹4.08 per unit, is nearly ₹1 lower than the current procurement cost of electricity in the state.

Skoda-Auto Volkswagen India Pvt. Ltd. (SAVWIPL) has received approval from the Maharashtra government for a substantial investment of ₹15,000 crore, marking a significant development for the auto industry in India. This investment is part of a broader ₹1,20,000 crore initiative approved by the state government, which also includes Toyota Kirloskar Motor’s new manufacturing facility.

Prime Minister Narendra Modi is set to make a significant visit to Maharashtra today, marking two major events: addressing the Global Fintech Fest (GFF) 2024 and inaugurating the ambitious Vadhvan Port project. The visit highlights the government's commitment to advancing both economic infrastructure and technological innovation.

India's start-up ecosystem has reached a significant milestone with over 1.4 lakh registered start-ups across the country, as highlighted by Union Minister of State for Commerce and Industry, Jitin Prasada, in the Rajya Sabha on Friday. The Department for Promotion of Industry and Internal Trade (DPIIT) recognized start-ups data shows Maharashtra leading with a total of 25,044 registered start-ups.

A tribal villager will receive a reward of ₹86 lakh for providing crucial information that led to the successful killing of 12 Maoists in an encounter in Maharashtra's Gadchiroli district on Wednesday. The encounter, which lasted approximately six hours, was sparked by a tip-off from the villager, according to The Times of India.

Air India has unveiled ambitious plans to establish South Asia's largest Flying Training Organisation (FTO) in Maharashtra's Amravati, with operations set to commence by early 2026. This initiative marks a significant milestone as the first FTO by any Indian airline in the country.