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Maharashtra Cabinet Approves Rs 1 Lakh Crore Investment Proposals, Over 93,000 Jobs Expected
Maharashtra approves Rs 1 lakh crore investment proposals, aiming to create 93,317 jobs and boost industrial growth statewide.
Earlier this week, the Maharashtra Cabinet gave the green signal to 325 investment proposals worth over Rs 1 lakh crore, aimed at boosting industrial growth and creating about 93,317 jobs in various sectors, including electronics, defence, apparel and engineering.
The proposals were approved at a cabinet meeting in Mumbai. The state government said these projects were stalled under old industrial policies such as the Maharashtra Electronics Policy (2016) and the Space and Defence Manufacturing Policy (2018).
Projects Approved Despite Expired Policies
The investment proposals were submitted before the expiry of the following policies:
Maharashtra Electronics Policy, 2016
Space and Defence Manufacturing Policy, 2018
Readymade garments, gems and jewellery, microelectronics and engineering cluster policy, 2018
Maharashtra Industrial Policy, 2019
Though these policies have expired, the Cabinet has given the green signal to pending proposals by retaining the same framework. The government has said that these approvals will remain valid until the new industrial policies are officially implemented.
Investment and employment overview
According to official data:
313 proposals under the 2016 electronics policy will attract investments of Rs 42,925.96 crore, creating 43,242 jobs.
The 10 proposals under the 2018 Space and Defence Policy are expected to receive Rs 56,730 crore, creating 15,075 jobs.
The remaining projects submitted under the Apparel, Jewellery and Engineering Cluster Policy are expected to receive Rs 1,000 crore, creating 35,000 employment opportunities.
Policy changes underway
State government officials have announced that they are in the process of drafting new policies.
This temporary step is crucial to keep investors interested.
Earlier, the finance department had given a conditional green light to move forward with legacy proposals, especially those that play a key role in meeting the state’s industrial and employment goals.
This move is expected to significantly enhance Maharashtra’s manufacturing landscape, with the electronics and defence sectors stepping up as major players.
Economic significance
The decision comes at a crucial moment when the state is vying with others to draw in high-value industrial projects.
Experts believe that this cabinet decision will enable Maharashtra to keep its competitive edge while boosting job opportunities in both urban and semi-urban areas.
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Today’s Silver Rate in Mumbai (November 15 , 2025)
Silver rates in Mumbai today are: Silver 10g – Rs 1,732, Silver 100g – Rs 17,320, and Silver 1kg – Rs 1,73,200. These rates change almost every day. They depend on international market prices and local demand.
Mumbai is one of the biggest cities for silver trading in India. Lots of people here buy silver for festivals, weddings, and investment. Also, Mumbai is a hub for jewellers and traders. So, silver price here often matches the national price, but sometimes small differences happen due to local taxes and transport costs.
Silver is cheaper than gold. For many, it is a good option for small-time savings, gifts, or making jewellery. Unlike gold, silver prices can go up and down more quickly. So, if you want to buy, check the price before you buy.
Some people in Mumbai buy silver in coins or bars. Many buy it from trusted shops or jewellers. There are also online options, but traditional shops are still very popular in this city. Make sure to ask for a proper bill and check for purity.
Earlier, silver was used more in utensils or for religious items. Now people also see it as an investment. If you buy for investment, try to buy larger pieces such as 100g or 1kg because making charges are lower.
In Mumbai, monsoon season and festivals like Diwali and Ganesh Chaturthi often lead to more buying, which sometimes affects rates. But keep in mind—the rates can change quickly. It’s a good idea to check updates if you plan to buy soon.
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Mumbai Gold Rates Update November 15, 2025
Gold rates in Mumbai today for 10 grams: Gold 24k is Rs 1,27,030. Gold 22k is Rs 1,16,440. Gold 18k is Rs 95,270. These are the prices that local shops and jewellers usually show for 10 grams. The rates may change during the day.
Mumbai is known for its large gold market. Many people in the city use gold for weddings, festivals, or savings. Some buy gold as jewellery. Others buy it as coins or bars. The price depends on purity, making charges, and local taxes.
In Mumbai, the gold price changes quickly. Global markets set these rates. The Rupee value and import cost affect Mumbai’s gold price. If the Rupee goes down, gold becomes more expensive. If global gold rates fall, people here can get gold at a lower cost.
Most gold purchased in Mumbai is 22k for jewellery. 24k is pure but soft, mostly for coins and bars. 18k gold is for some jewellery styles but is less common here.
Mumbai’s gold shops are busiest during festival days like Diwali or Akshaya Tritiya. Many trust big jewellers, but small shops also offer deals. Always check today’s rate before you buy. Also, check for BIS hallmark to know you are getting the right purity.
These rates are for basic gold. Actual price will include GST and making charges. Each shop may add different making costs. It is best to ask clearly before buying.
Gold is a big part of Mumbai’s daily life and tradition. But gold prices can rise and fall quickly. Plan well if you want to buy or sell gold in Mumbai.
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Mumbai Court Clerk Arrested for Rs 15 Lakh Bribe; Additional Sessions Judge Named as Wanted Accused
The Mumbai ACB has exposed a major bribery scandal involving a Mazgaon court clerk and Additional Sessions Judge Ejazuddin Qazi. The clerk was caught accepting a Rs 15 lakh bribe for a favorable land-dispute verdict, while the judge—named in the FIR—remains absconding.
The Mumbai Anti-Corruption Bureau (ACB) has uncovered a major bribery scandal involving the City Civil and Sessions Court in Mazgaon.
A court clerk has been arrested for allegedly accepting a bribe of Rs 15 lakh from an Additional Sessions Judge in exchange for a favorable verdict in a land dispute case. The accused clerk identified as 40-year-old Chandrakant Vasudev was caught red-handed accepting the agreed bribe amount on Tuesday.
Shockingly 55-year-old Additional Sessions Judge Ejazuddin Salauddin Qazi is also named in the FIR and is currently absconding. This is one of the rare cases in recent years where a serving judge has been charged under the Prevention of Corruption Act.
According to ACB officials the complainant’s wife filed a petition in the Bombay High Court in 2015 alleging that another group had forcibly occupied land owned by the company in Bandra. Since the property’s valuation was less than Rs 10 crore the High Court stayed third-party rights in 2016 and later transferred the commercial dispute to the Mazgaon City Civil and Sessions Court in March 2024.
Most importantly the case was listed before Court No. 14 where Judge Kazi presided. On September 9, 2025 the complainant’s office colleague received a call from Vasudev who was present in the courtroom. A meeting later took place at a cafe in Chembur on September 12 where Vasudev allegedly demanded Rs 25 lakh (Rs 15 lakh for Judge Kazi and Rs 10 lakh for himself) to secure a favorable order.
After negotiations the clerk agreed to a lower amount of Rs 15 lakh. Vasudev allegedly made repeated calls demanding payment prompting the complainant to contact the ACB on November 10th and file a formal complaint.
After verifying the allegations ACB officials laid a trap on November 11th. Top Stories Vasudev arrived to receive the Rs 15 lakh bribe and was immediately arrested. Investigators reported that immediately after receiving the money Vasudev called Judge Kazi to inform him that the payment had been received.
The judge reportedly acknowledged this evidence that proved his involvement. It’s worth noting that the ACB has now filed a case against both Vasudev and Judge Kazi under relevant sections of the Prevention of Corruption Act. Vasudev has been remanded to five days’ police custody while Judge Kazi remains at large.
ACB officials say further investigation is underway to trace their whereabouts and unearth the entire bribery network.
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