The government said that it would review the financial position and prepare a white paper giving details of constraints faced owing to the implementation of the recommendations of the Fifth Pay Commission and the debt service obligations because of increased debts by the Shiv Sena-BJP alliance government.

Addressing a joint session of the Maharashtra Legislature here, the state Governor PC Alexander said that the government would also take measures to cut down non-developmental expenditure, increase revenues by broadening the tax base, streamlining tax laws and rationalising the rate structure. The measures would help in securing better tax compliance and in minimising leakages.

The government, in a serious effort to regain Maharashtra's pre-eminence in the industrial sector, said that vigorous efforts would be made in this regard and emphasis would be given on attracting foreign direct investment. The government would also give priority to the promotion and accelerated growth of information technology in the state.

On the co-operative sector which was severely hit during the Sena-BJP combine rule, the Governor said that it would make all efforts to safeguard autonomy of the co-operative instituions and revitalise them. The government was also resolved to remove the development backlog in the backward regions of Vidarbha, Marathwada and Konkan and bring them at part with the developed areas.

A Common Minimum Programme would be shortly formulated by the constituent parties of the Lokshahi Aghadi based on their election manifestoes and its implementation would be done by the state government on a priority basis.

The government, in a bid to address the problem of burgeoning urbanisation, said that efforts would be made to increase investment in infrastructural sectors and improve the quality of life especially in the slums. Attention would also be paid to contain the growing environmental pollution which poses a serious threat especially in the urban and industrial areas.

Tourism industry would be given a fillip by involving the private sector in creation and management of tourism infrastructure. Measures would be taken to revise the minimum wages payable to the labourers.