Topic
maharashtra
Finance Maharashtra Extends PMFBY Crop Insurance Enrolment Deadline to August 10; 61.82 Lakh Farmers Registered
The Maharashtra government has extended the PMFBY enrolment deadline from July 31 to August 10, with 61.82 lakh farmers already registered. Agriculture Minister Dattatray Bharane cited El Nino conditions and technical issues as reasons for the extension, urging remaining farmers to enrol before the new cut-off.
Technology Maharashtra’s ₹500 crore AI agriculture policy targets data, traceability and farm advisory
Maharashtra is advancing AI in agriculture through the MahaAgri-AI Policy 2025–2029, backed by ₹500 crore, and the MahaAgX data exchange. The strategy includes personalized farmer advisories, traceability for export crops and policy intelligence, moving from pilots to field-scale deployment.
Business GST Boost: Maharashtra Emerges as India’s Top State Tax Contributor, Says India Ratings
Maharashtra has become the largest contributor to state tax revenue under GST, driven by high consumption and a large services sector. India Ratings & Research reports a sharp improvement in tax buoyancy and a doubling of the taxpayer base since the reform. The state's share rose to 20.4% in the post-GST period.
Commodities Maize gains ground in Madhya Pradesh, may offset decline in Karnataka and Maharashtra
Madhya Pradesh has reported a 23% jump in maize acreage this kharif season, partly offsetting declines in key producing states like Karnataka and Maharashtra where delayed monsoon and rainfall deficit have hurt sowing. Overall maize acreage is down about 5% at 67.89 lakh hectares as of July 17, compared with 71.5 lakh hectares a year ago, according to Agriculture Ministry data.
Business NITI Index: Gujarat, Maharashtra Lead First Investment Friendliness Rankings
NITI Aayog released its first-ever Investment Friendliness Index, with Gujarat, Maharashtra, Tamil Nadu, Goa, and Odisha scoring above 50. The index, based on 90 indicators and investor feedback, aims to guide state-level investment policies. NITI vice chairperson Ashok Lahiri called it a performance indicator, not a race, urging states to act amid geopolitical volatility.
Business Gujarat Tops NITI Aayog's Investment Friendliness Index; Maharashtra, Tamil Nadu Follow
NITI Aayog released its Investment Friendliness Index, ranking Gujarat first (score 56.6), Maharashtra second (53.7), and Tamil Nadu third (53.3) among large states. The index assesses 28 states and eight Union Territories across eight pillars. The report aims to strengthen competitive federalism and promote an investment-friendly ecosystem.
Finance Bank of Maharashtra Net Profit Surges 27% to Rs 2,023 Crore on Higher Interest Income and Improved Asset Quality
Bank of Maharashtra posted a 27% year-on-year increase in net profit to Rs 2,023 crore for Q1FY27, underpinned by higher net interest income and non-interest income. The bank's gross NPA ratio improved to 1.45% from 1.74%, while the board approved raising up to $500 million through bond issuances. Managing director Nidhu Saxena noted a focus on margin-conscious growth and an aspiration to mobilise FCNR(B) deposits by September 30.
Business Maharashtra cuts stamp duty on 99-year lease agreements for Mumbai housing societies
Maharashtra Revenue Minister Chandrashekhar Bawankule announced a steep reduction in stamp duty for 99-year lease agreements of cooperative housing societies in Mumbai. Residential properties will attract a maximum duty of 0.5% and commercial properties 1.5%, down from previous rates that ran into crores. The move is expected to benefit hundreds of societies on government land across Mumbai city and suburbs.
Business Oracle and Swades Foundation Rural Livelihoods Programme Empowers Over 900 Women Farmers in Maharashtra
In its first year, the Oracle-Swades Foundation rural livelihoods programme has trained over 900 women farmers and entrepreneurs in Nashik and Raigad districts, focusing on high-value crops like Safed Musali and dairy farming. The initiative also supported 62 women entrepreneurs with seed capital, aiming to create sustainable income opportunities.
Manufacturing Patel Engineering Joint Venture Secures ₹126 Crore Tasgaon Lift Irrigation Project in Maharashtra
Patel Engineering Ltd, via a joint venture, has received a Letter of Award from Maharashtra Krishna Valley Development Corporation for the Tasgaon Lift Irrigation Scheme valued at ₹126.37 crore. PEL's share is 51% (₹64.45 crore). The project will develop irrigation infrastructure covering 2,277 hectares across six villages in Satara district, with completion scheduled in 48 months.
Commodities Maharashtra's Expert Panel to Address Onion Price Decline
Maharashtra has established an expert panel to address the decline in onion prices, focusing on long-term solutions for the state's onion sector. The panel will assess factors affecting prices and recommend measures to improve the value chain.
Commodities Maharashtra Onion Farmers Demand Higher Procurement Prices
Maharashtra onion farmers are demanding a minimum procurement price of Rs 3,000 per quintal, citing current rates as insufficient to cover costs. Despite relaxed procurement norms, farmers face financial distress due to low prices.
Commodities Fertilizer Panic Buying Surges in Indian States Amid Global Tensions
Urea and DAP fertilizer sales have surged in Indian states like Maharashtra and Punjab due to panic buying triggered by geopolitical tensions. This has exposed vulnerabilities in India's subsidy scheme.
Business Maharashtra's Rs 2 Lakh Farm Loan Waiver: Impact on Agriculture
Maharashtra's cabinet has approved a Rs 2 lakh farm loan waiver scheme, benefiting 56 lakh farmers. This move aims to alleviate financial stress in the agricultural sector and incentivize timely loan repayments.
Manufacturing Cargill's Dairy Initiative Boosts Maharashtra's Livestock Sector
Cargill, in collaboration with Syngenta Foundation India and Digital Green India, has launched a ₹2.3 crore Integrated Dairy Development Initiative in Maharashtra. The program aims to improve livestock health and dairy productivity for over 3,000 farmers, utilizing AI-powered advisory services and mobile veterinary vans.
Commodities Soybean Prices Steady Amid Regenerative Agri Push in Maharashtra
Soybean prices on the CBOT remain stable as ADM and TechnoServe launch a regenerative agriculture initiative in Maharashtra. The program aims to enhance soil health and farmer resilience.