Maharashtra Finance Minister Ajit Pawar tabled his 11th state budget in the legislative assembly. The government has pegged the fiscal deficit at ₹1,36,234 crore, and the total expenditure for 2025-26 is ₹7,00,020 crore. Revenue receipts were ₹5,60,963 crore, while revenue expenditure was ₹6,06,855 crore.
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CNBC TV1829-12-2025, 09:37

Ajit Pawar's NCP Unveils First BMC Poll Candidates; Mahayuti Finalizes Seat-Sharing

  • Ajit Pawar's NCP released its first list of 37 candidates for BMC Elections 2026, opting to contest independently despite being part of the state-level Mahayuti alliance.
  • BJP Mumbai president Amit Satam ruled out an alliance with NCP for civic polls, citing Nawab Malik's role and his alleged links to money laundering and Dawood Ibrahim.
  • The ruling Mahayuti alliance (BJP and Eknath Shinde-led Shiv Sena) finalized seat-sharing for 207 of the 227 BMC wards.
  • BJP will contest 128 seats and Shinde's Shiv Sena 79, with discussions ongoing for the remaining 20 seats.
  • BMC elections for 29 municipal corporations, including BMC, are scheduled for January 15, 2026, with counting on January 16.

Why It Matters: Ajit Pawar's NCP goes solo in BMC polls, while Mahayuti finalizes seat-sharing amid internal rifts.

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