Latest news with #Rs61
Time of India
2 days ago
- Business
- Time of India
State Secured Record FDIs Last Financial Year, Surge To Continue: CM
Nagpur: Chief minister Devendra Fadnavis announced on Thursday that the state secured an unprecedented Rs1,64,875 crore in foreign direct investment (FDI) for the financial year 2024-25. This accounts for 40 percent of India's total FDI inflow and marks a 32 percent increase over the previous year. "This year, Maharashtra has broken its own records for the last decade," Fadnavis said in a post on X. He added that the state had already surpassed its previous high within the first nine months of the fiscal year, crediting the surge to the 'leadership of deputy chief ministers Eknath Shinde and Ajit Pawar, and the collective effort of the state cabinet'. The chief minister highlighted that the final quarter alone — from January to March 2025 — brought in Rs25,441 crore in FDI, solidifying Maharashtra's position as India's top destination for foreign investment. "Under the leadership of my colleagues Shinde, Pawar and the cabinet, this race for our Maharashtra will continue," Fadnavis said. Official data shared by the chief minister showed Maharashtra's FDI trajectory over the past decade, with major fluctuations: Rs61,482 crore in 2015-16, rising to Rs1,31,980 crore in 2016-17, and rebounding to Rs1,19,734 crore in 2020-21 after brief dips. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรด CFDs ด้วยเทคโนโลยีเทรดสุดล้ำ และ รวดเร็วกว่า IC Markets อ่านเพิ่มเติม Undo The figure for 2024-25 marks the highest to date. Industry experts attribute Maharashtra's continued success in attracting foreign investment to its robust infrastructure, skilled workforce, and investor-friendly policies, even amid broader economic uncertainties. Mumbai's longstanding role as India's financial capital has also bolstered the state's appeal to global investors. The record-breaking figure comes as the Mahayuti coalition, comprising the BJP, Eknath Shinde-led Shiv Sena, and NCP headed by Ajit Pawar, readies for local elections later this year. The FDI milestone is likely to feature prominently in the ruling alliance's pitch to voters, with Fadnavis presenting it as evidence of the state's economic resilience and growth. According to data compiled by the department for promotion of industry and internal trade (DPIIT) through December 2024, Maharashtra leads the country in FDI inflow, followed by Karnataka and Gujarat. The final quarter of the financial year, Fadnavis noted, will only further strengthen Maharashtra's standing. "Of course, there is still one quarter left in this financial year," he added.
Time of India
7 days ago
- Time of India
Former block pramukh arrested in Rs61 lakh Ballia foodgrain scam
Lucknow: In the infamous Ballia foodgrain scam, the Economic Offences Wing (EOW), Varanasi, arrested former block pramukh Munna Singh, alias Sugreev Singh. A resident of Saraya village under Pakdi police station in Ballia district, Singh was absconding in connection with the scam involving embezzlement of over Rs61 lakh in govt funds meant for rural development and food distribution. The arrest was made under the directives of UP director general of police (DGP) Prashant Kumar, who instructed strict action against all those implicated in the high-profile corruption case, which remains a priority for the state govt. The scam pertains to the Sampoorna Grameen Rozgar Yojana (SGRY), a Central and state govt-funded rural employment scheme implemented between 2002 and 2005 in several villages under Pandah block of Ballia district. Under the scheme, funds were allocated for various developmental works such as earthen road construction, drainage systems, brick pavements, repair of rural roads, CC roads and culverts. However, investigations revealed that the projects were either substandard or left incomplete. According to FIR number 46A/2006, registered at Sikandarpur police station in Ballia and investigated under multiple sections of the IPC, including sections 409, 419, 420, 467, 468, 471, 218, 201, 120B, and 34. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Singh, during his tenure as block pramukh, conspired with govt officials and employees to misappropriate public funds. The scam involved forged documents, fake muster rolls and the non-distribution of foodgrains to labourers, resulting in massive financial loss to the state exchequer. The EOW's probe identified a total of 23 accused involved in the scam, with Singh among the key conspirators. His arrest was the result of a dedicated search operation launched by a special EOW team under the supervision of the superintendent of police, EOW Varanasi Sector. Singh held the post of block pramukh in Pandah block during 2004–05, the period during which the misappropriation took place. His arrest marks a significant development in the case and is expected to aid in further proceedings and accountability in the long-standing corruption scandal.
Time of India
26-04-2025
- General
- Time of India
HC seeks response from 3 collectors on fund release for Sarus conservation plan
Nagpur: The Nagpur bench of Bombay High Court on Tuesday sought responses from the collectors of Gondia , Bhandara, and Chandrapur districts regarding the release of funds needed for aerial bunch cabling under the Sarus Conservation Plan . A division bench comprising Justices Nitin Sambre and Vrushali Joshi directed the collectors to submit their replies by May 2. The directives came during the hearing of a suo motu PIL (No.2/2021) concerning the protection of the endangered Sarus crane , where Radhika Bajaj was appointed as amicus curiae. The court recalled its earlier order dated November 28, 2022, which approved the Gondia district's conservation plan, estimating an expenditure of approximately Rs61 crore, including Rs42 crore specifically earmarked for modifying low voltage electricity transmission lines with aerial bunch cables to prevent bird electrocution. The MSEDCL demanded Rs42 crore for the purpose. During the hearing, counsel for respondents informed the court that efforts to implement aerial bunch cabling were already underway but were hindered due to the non-release of funds by the revenue administration. The judges noted that while the aerial bunch cables would reduce electrocution risks, suggestions were earlier accepted allowing the respective Sarus Conservation Committees the discretion to opt for underground cabling where necessary, with provision for supplementary plans and additional budgetary support. In light of the funding delays, the bench directed additional govt pleader Deepak Thakare to obtain specific responses from the collectors not only on the issue of fund release for aerial bunching but also on the steps taken to notify wetlands under their jurisdiction to the wetland authority, as mandated earlier. The matter has been adjourned to May 5 for further consideration. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo The natural habitat of the stork spans the districts of Gondia, Bhandara in Vidarbha, and Balaghat in Madhya Pradesh. However, their numbers are swiftly declining in Vidarbha, raising concerns about potential extinction. Taking cognisance of reports published in various newspapers, the court initiated a public interest litigation independently.
