1 hr ago
Fadnavis Directs Maharashtra Committee To Draft Six-Month Financial Reform Roadmap
Maharashtra wants to manage its money more effectively.
Chief Minister Devendra Fadnavis asked a committee to prepare a reform plan within six months.
The plan will look at how the state collects money.
It will also examine how government funds are spent.
Some state agencies have money earning low interest while the government borrows money at higher interest rates.
The committee will study ways to reduce this mismatch.
It will also suggest methods to finish projects on time.
The government says it plans to act on the committee’s recommendations.
Maharashtra Chief Minister Devendra Fadnavis ordered a six-month roadmap for financial and administrative reforms.
The committee will examine tax and non-tax revenue mobilisation and explore alternatives to conventional collection methods.
Fadnavis highlighted that state agencies hold ₹6,000-7,000 crore at about 4% interest while the government borrows at 8-9%.
The committee will recommend ways to improve expenditure management, project completion and fund utilisation.
Fadnavis said the government would implement changes based on the committee’s recommendations.
- Who
- Maharashtra Chief Minister Devendra Fadnavis and the Maharashtra Sustainable Public Finance Committee.
- What
- The committee was directed to prepare a six-month roadmap for financial and administrative reforms.
- Where
- At Sahyadri Guest House in Mumbai.
- When
- The meeting was held on Monday; the roadmap is due within six months.
- Why
- To increase tax and non-tax revenue, improve fund utilisation and make government spending more efficient.
Key facts
- Roadmap deadline
- Within six months
- Committee
- Maharashtra Sustainable Public Finance Committee
- Funds held by agencies
- Approximately ₹6,000-7,000 crore
- Interest earned by agencies
- About 4%
- Government borrowing cost
- Approximately 8-9%
- Reform focus
- Resource mobilisation, accounting and expenditure efficiency
- Meeting location
- Sahyadri Guest House, Mumbai
Sources
Related news
Maharashtra Government Considers Record MPSC Vacancies, Objective Exam Reform
Punjab CM Mann Seeks Stronger Finances for Local Bodies
Maharashtra Forms Panel to Reform Recruitment Examination Process
Maharashtra Waqf Board Faces Allegations Over Funds, Appointments
Maharashtra Unveils Mumbai 3.0 Growth, Redevelopment and Technology Push
Fadnavis Promises MPSC Probes, Reforms and Transparent Recruitment
Maharashtra Approves Chakan Roads Plan, Hinjewadi Traffic Measures
Hinjawadi Gets ₹426.54-Crore Infrastructure Plan, Work Starts December
Maharashtra Cancels Official Leave as Drought Hits 265 Talukas
Maharashtra Plans Women-Centric Rojgar Mahakumbh at SNDT University
