FITE demands WFH in Pune IT park after heavy rains leads to mess
@CMOMaharashtra @samant_uday @Dev_Fadnavis @AjitPawarSpeaks @supriya_sule
If you guys have any care of IT employees then plz declare mandatory work from home for Hinjawadi IT park till rains are over & during rainy seasons . #PuneInfra @InfoDivPune #WFH #PuneRains pic.twitter.com/hcppnCZ8MO
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Time of India
13 hours ago
- Time of India
IMFL prices to rise up to 85% as Maharashtra cabinet approves excise hike; rate on country liquor increased to Rs 205
The Maharashtra state cabinet has approved an excise tax revision, significantly increasing the price of ordinary whisky and rum by Rs 90-100 per quarter bottle, while premium IMFL brands will see a smaller increase of Rs 30-40. M UMBAI: The minimum price of Rs 115 for a quarter bottle (180ml) of ordinary whisky or rum will rise by Rs 90-100 with the state cabinet approving a revision in excise taxes Tuesday. While it is a rise of 78-85% for ordinary Indian-made foreign liquor (IMFL), the hit on the pocket is softer for premium IMFL brands, which will cost Rs 30-40 more that the minimum price of Rs 330 today for a quarter, or a rise of 9-12%. Besides a 14% excise increase for country liquor, the cabinet also approved a rise in the licence fees for permit rooms. Manufacture of a new grain-based foreign liquor, to be called Maharashtra-made liquor (MML), was also approved. The state govt, which has been looking for ways to increase its revenue to fund schemes and election promises like the Rs 1,500 per month Ladki Bahin dole for women, hopes to mop up an additional Rs 14,000 crore with the excise hike. The meeting that cleared the proposals was chaired by CM Fadnavis. A secretary-level study group had been formed to increase the revenue of the excise department. This group studied the best practices and policies in other states and submitted its recommendations and reports to the govt.
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Business Standard
19 hours ago
- Business Standard
Pimpri Chinchwad is Maharashtra's 1st to list Green Municipal Bonds on BSE
In a major milestone for municipal climate financing in India, Pimpri Chinchwad Municipal Corporation (PCMC) on Tuesday successfully listed its Rs 200 crore Green Municipal Bonds on the Bombay Stock Exchange (BSE), becoming the first civic body in Maharashtra to raise funds exclusively for sustainable mobility urban projects through this route. The bell-ringing ceremony held at the BSE in Mumbai witnessed an enthusiastic turnout, with Maharashtra Chief Minister Devendra Fadnavis terming PCMC's achievement as a proud moment for the state. Highlighting the growing importance of using market instruments for sustainability projects in urban governance, Chief Minister Fadnavis noted, "As soon as the bond was issued, the base amount of Rs 100 crore was subscribed within the very first minute. This is not only a testament to the strength of PCMC's vision but also to the trust investors place in Maharashtra's governance. Prime Minister Narendra Modi has been consistently encouraging urban bodies to raise resources through municipal bonds, and PCMC has taken the lead in this direction. The listing process is complex and requires high levels of diligence--I congratulate every official, institution and partner involved in making this happen." Deputy Chief Ministers Eknath Shinde and Ajit Pawar were also present at the ceremony, which marked the official listing of the bonds, which were oversubscribed 5.13 times and received bids worth Rs 513 crore. These funds will be utilised for the Harit Setu project in Nigdi Pradhikaran and for the sustainable mobility development project from Gawalimatha to Indrayani Nagar Chowk on Telco Road - both key components of the city's long-term environment and climate strategy through the encouragement of the 15-Minute City Concept through Harit Setu. The project will also be amongst the first proof of concept of last- and first-mile connectivity for Metro Transport and BRTS Bus Transport through active mobility. PCMC Commissioner Shekhar Singh expressed gratitude to the investing community, stating, "This is more than just a financial accomplishment--it's a bold step toward building a greener, smarter, and more resilient Pimpri Chinchwad. The investor confidence shown today is a strong endorsement of our direction. We are committed to using these funds not just for infrastructure but to promote green and climate-aligned urban development." On this occasion, Chief Minister Fadnavis also felicitated Commissioner Shekhar Singh with a special listing memento presented on behalf of the Bombay Stock Exchange. Also present were MLCs Uma Khapre and Amit Gorkhe and MLAs Mahesh Landge and Shankar Jagtap, who lauded the city's initiative. Jagtap remarked that such financial tools could also be explored for broader social infrastructure in the future. Chief Secretary Sujata Saunik praised the move as a benchmark in urban innovation, saying, "The enthusiastic response from investors clearly reflects the credibility of public institutions like PCMC. As urbanisation accelerates, sustainable growth must remain our priority--and PCMC's move is a model worth replicating." Chief Secretary Sujata Sounik and senior officials including Urban Development Additional Chief Secretary UD-1 Aseem Gupta, Principal Secretary UD-2 KH Govindaraj, MCGM Commissioner Bhushan Gagrani, NMMC Commissioner Kailash Shinde, KDMC Commissioner Abhinav Goyal, Bhiwandi Commissioner Anmol Sagar, Ulhasnagar Commissioner Manisha Awhale and Panvel Commissioner Mangesh Chitale were present at the event, along with PCMC Additional Commissioners Pradip Jambhale Patil and Trupti Sandbhor, Chief Accounts and Finance Officer Pravin Jain, Joint City Engineer Bapusaheb Gaikwad, Deputy Commissioner Anna Bodade, Executive Engineer Sunil Pawar, and Public Relations Officer Prafulla Puranik. The Bombay Stock Exchange was represented by its Managing Director Sundararaman Ramamurthy, who congratulated PCMC and outlined BSE's role in facilitating municipal bond transactions. Aditi Mittal, Managing Director of AK Capital Services Ltd., the transaction's merchant banker and advisor, also attended the ceremony. The Green Bonds, rated AA+ by both CRISIL and CARE, carry a competitive interest rate of 7.85 per cent. Repayments are secured through an escrow account backed by PCMC's Property Tax collections. The civic body's strong fiscal discipline and its alignment with national green goals enabled it to secure Rs 20 crore as an incentive from the Government of India for successfully executing this bond issue. With this landmark moment, PCMC has not only unlocked an innovative funding mechanism but also demonstrated how climate finance can be mainstreamed into local governance--setting an example for other cities across India to follow.
Indian Express
a day ago
- Indian Express
Coffee table book captures impact of infra projects in Maharashtra under Fadnavis
The Indian Express Group unveiled a special coffee table book capturing the scale, vision and impact of various mega infrastructure projects initiated or completed under the leadership of Chief Minister Devendra Fadnavis during his tenure as CM and Deputy CM (since 2014). Titled Mumbai Rising, the book outlines developments that have transformed connectivity, urban transport, public infrastructure and urban housing projects in Mumbai over the past decade. The 88-page book provides a look into transformative years of the state's infrastructure development — when the state received unprecedented investment after by implementation in sectors such as transport, highway, housing, urban transit and logistics. The projects cut across Fadnavis' stints as Chief Minister between 2014 and 2019, as Dy Chief Minister between June 2022 and November 2024 and then as Chief Minister from December 2024. From the recently fully-opened 701-km Samruddhi Mahamarg, which brings Nagpur and Mumbai closer by around 9 hours (from travel time of 17 hours), to the expanding Mumbai Metro network, the book documents projects undertaken by Mumbai Metropolitan Region Development Authority (MMRDA), Maharashtra State Road Development Corporation (MSRDC), Brihanmumbai Municipal Corporation (BMC), City and Industrial Development Corporation (CIDCO), Slum Rehabilitation Authority (SRA) and Mumbai Metro Rail Corporation (MMRC) and others. Some key projects featured include the coastal road, the Mumbai Trans Harbour Link (MTHL) also known as Atal Setu, the completed and future corridors of Mumbai Metro, the Thane Creek Bridge 3 and one of the the most-awaited Navi Mumbai International Airport (NMIA); each signifying a direction towards integrated, sustainable and future-ready urban growth. It also includes a section on urban infrastructure in the metropolitan region and road connectivity, covering the improvement of internal roads, expressway extensions, rural bridges and access corridors in Marathwada, Vidarbha and Konkan region. The book traces how infrastructure has been used as a tool of equitable development, bringing connectivity to regions that had long remained on the drawing board. The book is a visual documentation and a narrative of policy decisions and administrative reforms too. It also highlights how these infrastructure efforts were possible due to the synergy between Centre and the state. With Prime Minister Narendra Modi at the Centre, Maharashtra under Fadnavis' leadership was able to pursue its infrastructure ambitions aggressively. 'Mumbai Rising is a tribute to this undying spirit-a curated chronicle of how a city, always in motion, is reimagining itself for the future. In recent years, Mumbai has witnessed a transformative leap across the pillars that define a modern metropolis. The sweeping advances in urban infrastructure, transport, mobility and housing, and the thoughtful establishment of monuments and cultural symbols, convey an overwhelming message-one of vision, growth, and outstanding implementation,' an excerpt from the book's foreword states. With the coffee table book, The Indian Express aims to inform, inspire and preserve the state infrastructure achievement of over a decade — a resource for both today's and future readers to look back at one of Maharashtra's most transformative phases in urban development.
