Maharashtra assembly passes budget for 2017-18

Image
Press Trust of India Mumbai
Last Updated : Mar 31 2017 | 8:23 PM IST
The Maharashtra assembly today passed the budget for 2017-18 after completing department-wise debate in absence of the Opposition members.
The appropriation bill and Maharashtra Tax Laws (levy, amendment and validation) Act, 2017 were passed in the lower house by a voice vote without debate.
The bills were introduced by Finance Minister Sudhir Mungantiwar.
The budget was presented on March 18 amid Opposition protests over farm loan waiver.
Nineteen Opposition legislators were suspended for creating ruckus during the budget presentation. Since then the opposition members have boycotted the legislature proceedings.
The amendment to tax laws pertain to announcements made in the budget like exempting sugarcane from purchase tax, increasing rate of tax on weekly lottery scheme from Rs 70,000 to Rs 1 lakh per draw and changes to value-added tax, among others.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 31 2017 | 8:23 PM IST

Next Story