Mumbai, March 6 (IANS) Maharashtra’s outgo towards salaries, pension and interest payment during 2025-26 will be a record Rs 3,12,556 crore, which will be more than 50 per cent of the revenue expenditure of Rs 6,06,855 crore. The revenue receipts are estimated at Rs 5,60,964 crore, officials said on Thursday.According to the Economic Survey for 2025-26, the Maharashtra government’s spending on salaries is Rs 1,72,760 crore (28.5 per cent of total revenue expenditure) against Rs 1,46, 037 crore (…
Latest Foreign Direct Investment News & Updates
Mumbai, March 2 (IANS) India’s current account deficit (CAD) stood at $13.2 billion, or 1.3 per cent of GDP, in the third quarter (October–December) of the financial year 2025–26, according to the RBI’s preliminary data on the balance of payments released on Monday.The deficit stood at $11.3 billion, or 1.1 per cent of GDP, in the corresponding quarter of the previous financial year.The merchandise trade deficit increased to $93.6 billion in Q3FY26 from $79.3 billion a year earlier. Within t…
New Delhi, March 2 (IANS) India’s experience demonstrates that import substitution and export strength can move together when approached strategically. Across sectors, from mobile phones and medicines to automobiles and defence, the push is to build in India not only for domestic needs, but for global markets as well, according to an official factsheet issued on Monday.As local capacity expands and imports reliance falls, many industries also gain the scale to export more, strengthening the ex…
Mumbai, Feb 26 (IANS) Chief Minister Devendra Fadnavis in the state Assembly on Thursday painted a picture of Maharashtra that is no longer just “participating” in India’s growth, but is actively steering the nation’s $5 trillion ambition.He laid out a comprehensive vision for the state’s future, balancing ambitious economic targets with a stern address on law and order.In his reply to the debate on the Governor’s address, the chief minister said that Maharashtra remains the real economic powe…
New Delhi, Feb 24 (IANS) The negotiations for the proposed free trade agreement between India and the Gulf Cooperation Council (GCC) were formally launched here on Tuesday with the signing of a joint statement by Commerce and Industry Minister Piyush Goyal and GCC Secretary General Jasem Mohamed Al-Budaiwi.”Amidst global uncertainties, it is most opportune that discussions are starting on negotiating a robust trading arrangement which would harness mutual synergies and complementarities,” Goyal …
New Delhi, Feb 15 (IANS) The long-standing and resilient partnership between Japan and India is entering a new and dynamic phase, marked by deeper security collaboration and expanding cooperation in advanced technologies, according to a report. The bilateral relationship, which has steadily strengthened over the years, is now witnessing renewed energy driven by shared strategic interests in the Indo-Pacific region and growing people-to-people engagement.A report by Japan Forward highlights that …
Mumbai, Feb 10 (IANS) Maharashtra Chief Minister Devendra Fadnavis said on Tuesday that the state continues to attract the highest Foreign Direct Investment (FDI) in the country, adding that this investment is now not just the highest in India but has also become record-breaking. He added that an industry-friendly ecosystem has been created in the state by transforming economic activity into a celebratory movement, which has led to unprecedented levels of investment in Maharashtra.Chief Minister…
Mumbai, Feb 10 (IANS) The Maharashtra Cabinet chaired by Chief Minister Devendra Fadnavis on Tuesday, in a bid to push the development of the much ambitious Mumbai 3 project, approved the land acquisition and land allocation policy for future development projects implemented by the Karnala-Sai-Chirner (KSC) New Town Development Authority (NTDA) in the area designated for the impact area of the Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu project as well as the Mumbai Metropolitan Regio…
New Delhi, Jan 23 (IANS) India’s foreign exchange reserves witnessed a massive surge of $14.167 billion to reach $701.36 billion in the week ended January 16, the Reserve Bank of India (RBI) data showed on Friday.In the preceding week that ended January 9, the country’s foreign exchange reserves had increased by $392 million.The largest component of the foreign exchange reserves, Foreign Currency Assets (FCA), increased by $9.65 billion in the week ended January 16, reaching $560.51 billion.FCA …
Davos, Jan 22 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Thursday addressed growing social media criticism surrounding the state’s investment pacts at the World Economic Forum. Terming the criticism a “pre-planned toolkit”, the Chief Minister asserted that those who cannot stomach Maharashtra’s success are spreading coordinated messages to mislead the public.The Chief Minister, who virtually addressed a press conference, said that a specific pattern of messages has emerged on…