Selling power at subsidized rates would hurt cash flows of state electricity boards, which in turn could hurt the financials of merchant power companies that supply power to the SEBs, feels Harshvardhan Dole, Power Analyst of IIFL.
Maharashtra chief minister, Prithviraj Chavan is keen on leaving his stamp on Mumbai‘s skyline, which explains the modified set of development control rules or DCR announced by the State Urban Development Authority for the greater Mumbai region.
The decision was taken at a Cabinet meeting here, official sources said. Maharashtra's power distribution arm MahaVitaran has tied up for getting 800 MW from the coal-fired UMPP in Gujarat.
Chairman of the PMEAC, C Rangarajan, said, "There can always be a temporary increase in inflation. But once the availability increases, it is expected that supply will get augmented in coming weeks and then it will come down."
The government will buy sugar through e-tendering, the state cabinet decided in a meeting here.
Stating that the Maharashtra government was committed to build an airport at Navi Mumbai, Maharashtra Chief Minister Prithviraj Chavan on Monday admitted in the state Legislative Council that the project-costs had escalated by three times.
In order to facilitate donors to to contribute to the Chief Minister's Drought Relief Fund for 2013, the Maharashtra government has decided to deposit donor cheques directly to banks or district collectors' offices.
Maharashtra Government should set the priority for irrigation projects, Governor K Sankaranarayanan has said, cautioning against spreading the limited resources "thin" over many projects.
Tulip Telecom was locked at 5 percent lower circuit on Wednesday after Maharashtra government suspended the telecom service & IT solutions provider from future projects.
In a major setback to Salman Khan, a Magistrate's Court in Mumbai on Thursday accepted the plea of the Maharashtra government that the actor should be tried under section 304 (II) of Indian Penal Code (culpable homicide not amounting to murder), a graver offence, in the 2002 hit-and-run-case.
Maharashtra government's decision to increase the ready reckoner (RR) rates in the city will impact the housing demand as it will raise stamp duty, according to real estate consultancy firm Jone Lang LaSalle (JLL).
Maharashtra government today announced a probe by a Special Investigation Team into the alleged irrigation scam, bowing to pressure from the Opposition which stalled the proceedings of the state legislature for five days.
Nationalist Congress Party (NCP) leader Ajit Pawar, who had recently resigned as the Deputy Chief Minister of Maharashtra over the irrigation scam, will be re-inducted into the state Cabinet on Friday morning.
The Maharashtra government on Friday dropped sedition charges against cartoonist Aseem Trivedi, who was arrested in September 2012. The Attorney General told the Bombay High Court that the sedition charges against Aseem were a 'knee-jerk reaction'
Mumbai, Oct 10 (PTI) Concerned over the loss the state exchequer may suffer due to allocating free houses to slum dwellers till 2000, the Maharashtra government is mulling over framing a policy whereby the slum dwellers will have to pay for the cost of housing.
Maharashtra government has allowed hike in taxi and autorickshaw fares in the Mumbai Metropolitan Region from October 11. The government has also decided to phase out taxis and autos being used for more than 20 years in Mumbai, a release from the chief minister's office said.
While asking the Maharashtra government to rework its memorandum seeking central funds for drought relief, Union agriculture minister Sharad Pawar on Wednesday assured to consider its demands in this regard in the EGoM meeting scheduled next week.
The Maharashtra government is scouting land in Marathwada region to set up three solar energy plants as part of its efforts to augment electricity generation in the state.
The Maharashtra government has received investment proposals worth Rs 1,550 crore in the textile sector after it announced a new policy to boost development in the cotton-growing regions of the state.
Observing that the project nods were given without environmental and cabinet approvals, the Comptroller & Auditor General (CAG) has rapped the Maharashtra government for "total lack of transparency" in the selection of the Lavasa hill station project in Pune district.
Maharashtra government has refused to foot the Rs 19.28 crore bill sent by ITBP towards reimbursing expenses for guarding 26/11 terrorist Ajmal Kasab lodged in the Arthur Road jail in Mumbai and wants Centre to waive the amount.
Maharashtra Government is contemplating a barcoding system that will be put in place across toll plazas in the state to keep in check illegal sand mining.
Maharashtra government is planning 160 times hike in stamp duty for leave – licence properties, reports The Times of India.
Siemens has got order worth Rs 130 crore from Maharashtra Government, reports CNBC-TV18.
When the Maharashtra government revamped the new development control regulations a month ago, it was to increase transparency in real estate transactions.