Maharashtra Taxes Beedis But Salary Bill Goes Up In Smoke

India’s most industrialised state (some may disagree) presented its State Budget last week. While Maharashtra is the most indebted state in the country at Rs 2,28,590 crore, the state has taken some serious first steps to improve its balance sheet.   For starters, it slapped a 12.5% tax on beedis, something perhaps contemplated earlier but … Continued

Maharashtra’s Municipal Accounting Whodunit

SPR Foundation in an earlier report had highlighted how it was near impossible to get a consolidated view of a state’s finances. A new Comptroller & Auditor General (CAG) report shows how municipal corporations, in addition to the state public sector undertakings (PSUs) we reported on, are an equally critical missing link in the overall accounting picture.   The problems are … Continued

Mumbai’s Never Ending Misery

Is the inability of the state’s police forces to get their act together? After the 26/11 (2008) terrorist attacks on the city, it was decided to spend Rs 63 crore in procuring 29 interceptor and patrol boats for the city’s coastline. The boats were supposed to arrive between November 2009 and June 2010. They did … Continued