In its maiden budget, the MVA government in Maharashtraon Friday announced sops for farmers, proposed to increase VAT on petrol and dieselby Re 1 per litre and reduced electricity duty for industries.
Deputy Chief MinisterAjit Pawar, who also holds the finance portfolio, presenteda revenue deficit budget of Rs 9,511 croreand proposed the size of annual plan 2020-21 at Rs 1,15,000 crore in the assembly.
The budget estimates put the fiscal deficit at Rs 54618.38 crore.
Tabling the first budget of the Maha vikas Aghadi (MVA) government, which completed 100 days in office on Friday, Pawar also announced tax concession proposals.
This included 1 per centstamp duty concession for the next two years and other related charges applicable on registration of documents in the areas falling under the Mumbai Metropolitan Region Development Authority (MMRDA) and
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