Mumbai, March 9 (IANS) Maharashtra’s Medium Term Fiscal Policy (MTFP) statement for 2026-27 presents a picture of a state trying to outpace a rising debt burden through aggressive infrastructure spending.Although the headline figures suggest fiscal discipline, the underlying numbers indicate mounting long-term pressures. The document, released after the state Budget, shows that the state’s discretionary fiscal space is shrinking rapidly.Combined spending on salaries of Rs 1,75,951 crore, pen…
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Mumbai, March 6 (IANS) Amid a record-breaking debt of Rs 9.32 lakh crore and the ambitious goal to reach a one trillion dollar economy by 2030 and five trillion dollar under Viskit Maharashtra 2047 mission, Maharashtra Chief Minister Devendra Fadnavis, who holds the planning and finance departments, will on Friday present the state’s annual budget for 2026-27. The chief minister will have to navigate a high-stakes tightrope walk as the budget is expected to be on the “Reform over Rhetoric” — …