1. Maharashtra budget Live updates: Liquor prices set to rise after VAT hiked to 25.93%; Opposition burns budget copies

Maharashtra budget Live updates: Liquor prices set to rise after VAT hiked to 25.93%; Opposition burns budget copies

As the Maharashtra government presented the budget for the state today, opposition MLAs burnt copies of the budget outside the state assembly.

By: | New Delhi | Updated: March 18, 2017 4:48 PM
In the budget, the government has raised liquor prices after Value Added Tax (VAT) was raised from 23.08% to 25.93%. (PTI)

As the Maharashtra government presented the budget for the state today, opposition MLAs burnt copies of the budget outside the state assembly. In the budget, the government has raised liquor prices after Value Added Tax (VAT) was raised from 23.08% to 25.93%. Also, in a major push towards the promotion of digital transaction, the government has reduced the Value-Added Tax on the purchase od card swipe machines to nil from 13.5 %.

The government has allocated Rs 8, 233 crore for various irrigation projects for farmers during the budget presentation. Maharashtra Finance Minister Sudhir Mungantiwar started his budget speech in the assembly, while the opposition members protested with banners. The Speaker requested the opposition to go out.

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“Maharashtra’s growth rate for 2016-17 was 9.4 percent and we aim to take this at least in double digit in the coming year (2017-18). For farmers, Rs. 8,233 crores has been allocated for water resources and Rs. 2,812 crore has been allocated for Prime Minister’s irrigation scheme proposed for year 2017-18,” Mungantiwar said.

Chief Minister Devendra Fadnavis has said that the government was willing to allocate financial resources along with the Centre to help 31 lakh farmers reeling under debt of Rs. 30,500 crore.

(With inputs from agencies)

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