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95-583: It always starts with the Aṣṭavināyaka Vandana , which is as follows: There can be many other verses in between based on the number of enthusiastic singers present in the wedding ceremony. The last verse is always: This Maharashtra -related article is a stub . You can help Misplaced Pages by expanding it . This Hinduism-related article is a stub . You can help Misplaced Pages by expanding it . Maharashtra Maharashtra ( ISO : Mahārāṣṭra , Marathi: [məɦaːˈɾaːʂʈɾə] )

190-547: A Marathi speaking state with Mumbai as its capital. In the Gujarati speaking areas of the state, a similar Mahagujarat Movement demanded a separate Gujarat state comprising majority Gujarati areas. After many years of protests, which saw 106 deaths amongst the protestors, and electoral success of the samiti in 1957 elections, the central government led by Prime minister Nehru split Bombay State into two new states of Maharashtra and Gujarat on 1 May 1960. The state continues to have

285-473: A cool dry spell occurs, with clear skies, gentle air breeze, and pleasant weather that prevails from October to February, although the eastern Vidarbha region receives rainfall from the north-east monsoon. The state has three crucial biogeographic zones, namely Western Ghats , Deccan Plateau , and the West coast . The Ghats nurture endemic species, Deccan Plateau provides for vast mountain ranges and grasslands while

380-455: A dispute with Karnataka regarding the region of Belgaum and Karwar . The Government of Maharashtra was unhappy with the border demarcation of 1957 and filed a petition to the Ministry of Home affairs of India. Maharashtra claimed 814 villages, and 3 urban settlements of Belagon, Karwar and Nippani , all part of then Bombay Presidency before freedom of the country. A petition by Maharashtra in

475-459: A group of brokers, NSE ensured that anyone who was qualified, experienced, and met the minimum financial requirements was allowed to trade. NSE commenced operations on 30 June 1993 starting with the wholesale debt market (WDM) segment and equities segment on 3 November 1994. It was the first exchange in India to introduce an electronic trading facility . Within one year of the start of its operations,

570-503: A large army.Ambar is said to have introduced the concept of guerrilla warfare in the Deccan region. Malik Ambar assisted Mughal emperor Shah Jahan in Delhi against his stepmother, Nur Jahan , who wanted to enthrone her son-in-law. Both Shivaji 's grandfather, Maloji and father Shahaji served under Ambar. In the early 17th century, Shahaji Bhosale , an ambitious local general who had served

665-702: A stake in NSE include Life Insurance Corporation , State Bank of India , India Infoline Limited and Stock Holding Corporation of India Limited . Key global investors include Gagil FDI Limited, GS Strategic Investments Limited, SAIF II SE Investments Mauritius Limited, Aranda Investments (Mauritius) Pte Limited, Veracity Investments Limited, Crown Capital Limited and PI Opportunities Fund I. NSE has collaborated with several universities like Gokhale Institute of Politics & Economics (GIPE) - Pune, Bharati Vidyapeeth Deemed University (BVDU) - Pune, Guru Gobind Singh Indraprastha University - Delhi, RV University - Bangalore,

760-482: A substantial number of migrants from other states of India. Uttar Pradesh , Gujarat, and Karnataka account for the largest percentage of migrants to the Mumbai metropolitan area. The 2011 census reported the human sex ratio is 929 females per 1000 males, which were below the national average of 943. The density of Maharashtra was 365 inhabitants per km which was lower than the national average of 382 per km . Since 1921,

855-428: A suitable administrative center for the state, and the most populous urban area in India, with Nagpur serving as the winter capital. The Godavari and Krishna are the state's two major rivers, and forests cover 16.47% of the state's geographical area. The state is home to six UNESCO World Heritage Sites : Ajanta Caves , Ellora Caves , Elephanta Caves , Chhatrapati Shivaji Terminus (formerly Victoria Terminus),

950-565: Is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau . It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to the southeast and Chhattisgarh to the east, Gujarat and Madhya Pradesh to the north, and the Indian union territory of Dadra and Nagar Haveli and Daman and Diu to

1045-719: Is appointed by the President of India for a five-year term. The leader of the party or coalition with a majority in the Legislative Assembly is appointed as the chief minister by the governor, and the Council of Ministers are appointed by the governor on the advice of the chief minister. The governor remains a ceremonial head of the state, while the chief minister and his council are responsible for day-to-day government functions. The council of ministers consists of Cabinet Ministers and Ministers of State (MoS). The Secretariat headed by

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1140-623: Is governed through a parliamentary system of representative democracy , a feature the state shares with other Indian states. Maharashtra is one of the six states in India where the state legislature is bicameral, comprising the Vidhan Sabha (Legislative Assembly) and the Vidhan Parishad (Legislative Council). The legislature, the Maharashtra Legislative Assembly, consists of elected members and special office bearers such as

1235-419: Is headed by a District Magistrate , who is an IAS officer and is assisted by several officers belonging to state services. Urban areas in the state are governed by Municipal Corporations , Municipal Councils , Nagar Panchayats , and seven Cantonment Boards . The Maharashtra Police is headed by an IPS officer of the rank of Director general of police . A Superintendent of Police, an IPS officer assisted by

1330-509: Is located in the city, as is the National Stock Exchange , which is the second-largest stock exchange in India and one of world's largest derivatives exchanges . The state has played a significant role in the country's social and political life and is widely considered a leader in terms of agricultural and industrial production , trade and transport, and education. Maharashtra is the ninth-highest ranking among Indian states in

1425-635: Is most concentrated in the forests of Gadchiroli and the Telangana border. Marathi is the first language of a majority or plurality of the people in all districts of Maharashtra except Nandurbar , where Bhili is spoken by 45% of its population. The highest percentage of Khandeshi speakers are Dhule district (29%) and the highest percentage of Gondi speakers are in Gadchiroli district (24%). The highest percentages of mother-tongue Hindi speakers are in urban areas, especially Mumbai and its suburbs, where it

1520-620: Is mother tongue to over a quarter of the population. Pune and Nagpur are also spots for Hindi-speakers. Gujarati and Urdu are also major languages in Mumbai, both are spoken by around 10% of the population. Urdu and its dialect, the Dakhni are spoken by the Muslim population of the state. The Mumbai metropolitan area is home to migrants from all over India. In Mumbai, a wide range of languages are spoken, including Telugu, Tamil, Konkani, Kannada, Sindhi, Punjabi, Bengali, Tulu, and many more. The state

1615-417: Is spoken along the southern Konkan coast. Telugu and Kannada are spoken along the border areas of Telangana and Karnataka, respectively. At the junction of Madhya Pradesh, Maharashtra, and Chhattisgarh a variety of Hindi dialects are spoken such as Lodhi and Powari . Lambadi is spoken through a wide area of eastern Marathwada and western Vidarbha. Gondi is spoken by diminishing minorities throughout Vidarbha but

1710-684: Is usually the warmest and January the coldest month of the year. The winter season lasts until February with lower temperatures occurring in December and January. On the Deccan plateau that lies on eastern side of the Sahyadri mountains, the climate is drier, however, dew and hail often occur, depending on seasonal weather. The rainfall patterns in the state vary by the topography of different regions. The state can be divided into four meteorological regions, namely coastal Konkan, Western Maharashtra, Marathwada, and Vidarbha. The southwest monsoon usually arrives in

1805-749: The Ahmadnagar Sultanate , the Mughals and Adil Shah of Bijapur at different periods throughout his career, attempted to establish his independent rule. This attempt was unsuccessful, but his son Shivaji succeeded in establishing the Maratha Empire . Shortly after Shivaji's death in 1680, the Mughal emperor Aurangzeb launched a campaign to conquer Maratha territories as well as the Adilshahi and Govalkonda kingdoms. This campaign, better known as Mughal–Maratha Wars ,

1900-664: The Bombay Presidency , which spanned an area from Karachi in Pakistan to northern Deccan. A number of the Maratha states persisted as princely states , retaining autonomy in return for acknowledging British suzerainty . The largest princely states in the territory were Nagpur , Satara and Kolhapur State ; Satara was annexed to the Bombay Presidency in 1848, and Nagpur was annexed in 1853 to become Nagpur Province , later part of

1995-670: The Central Provinces . Berar , which had been part of the Nizam of Hyderabad's kingdom, was occupied by the British in 1853 and annexed to the Central Provinces in 1903. However, a large region called Marathwada remained part of the Nizam's Hyderabad State throughout the British period. The British ruled Maharashtra region from 1818 to 1947 and influenced every aspect of life for the people of

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2090-414: The Central Provinces and Berar . The southernmost part of Bombay State was ceded to Mysore . In the 1950s, Marathi people strongly protested against bilingual Bombay state under the banner of Samyukta Maharashtra Samiti . The notable leaders of the samiti included Keshavrao Jedhe , S.M. Joshi , Shripad Amrit Dange , Pralhad Keshav Atre and Gopalrao Khedkar . The key demand of the samiti called for

2185-627: The Champion and Seth classification , Maharashtra has five types of forests: The most common animal species present in the state are monkeys, wild pigs, tiger , leopard , gaur , sloth bear , sambar , four-horned antelope , chital , barking deer , mouse deer , small Indian civet , golden jackal , jungle cat , and hare . Other animals found in this state include reptiles such as lizards , scorpions and snake species such as cobras and kraits . The state provides legal protection to its tiger population through six dedicated tiger reserves under

2280-955: The Delhi Sultanate ruler Alauddin Khalji . Later, Muhammad bin Tughluq conquered parts of the Deccan, and temporarily shifted his capital from Delhi to Daulatabad in Maharashtra. After the collapse of the Tughluqs in 1347, the local Bahmani Sultanate of Gulbarga took over, governing the region for the next 150 years. After the break-up of the Bahamani sultanate in 1518, Maharashtra split into five Deccan Sultanates : Nizamshah of Ahmednagar , Adilshah of Bijapur , Qutubshah of Golkonda , Bidarshah of Bidar and Imadshah of Elichpur. These kingdoms often fought with each other. United, they decisively defeated

2375-516: The Jorwe culture ( c.  1300 –700 BCE) have been discovered throughout the state. The largest settlement discovered of the culture is at Daimabad , which had a mud fortification during this period, as well as an elliptical temple with fire pits. In the Late Harappan period there was a large migration of people from Gujarat to northern Maharashtra. Maharashtra was ruled by Maurya Empire in

2470-663: The Konkan coastal plains, 50–80 km (31–50 mi) in width. To the east of the Ghats lies the flat Deccan Plateau . The main rivers of the state are the Krishna , and its tributary, Bhima , the Godavari, and its main tributaries, Manjara , and Wardha - Wainganga and the Tapi , and its tributary Purna . Maharashtra is divided into five geographic regions. Konkan is the western coastal region, between

2565-638: The Lok Sabha , or the lower chamber of the Indian Parliament with 48 seats which is next only to Uttar Pradesh which has the highest number of seats than any other Indian state with 80 seats. Maharashtra also has 19 seats in the Rajya Sabha , or the upper chamber of the Indian Parliament. The government of Maharashtra is a democratically elected body in India with the Governor as its constitutional head who

2660-934: The Mughals . In the early nineteenth century, the region was divided between the Dominions of the Peshwa in the Maratha Confederacy and the Nizamate of Hyderabad . After two wars and the proclamation of the Indian Empire, the region became a part of the Bombay Province , the Berar Province and the Central Provinces of India under direct British rule and the Deccan States Agency under Crown suzerainty. Between 1950 and 1956,

2755-498: The Ravenshaw University of Cuttack and Punjabi University - Patiala, among others to offer MBA and BBA courses. NSE has also provided mock market simulation software called NSE Learn to Trade (NLT) to develop investment, trading, and portfolio management skills among the students. The simulation software is very similar to the software currently being used by the market professionals and helps students to learn how to trade in

2850-618: The Victorian Gothic and Art Deco Ensembles of Mumbai and the Western Ghats , a heritage site made up of 39 individual properties of which 4 are in Maharashtra. The economy of Maharashtra is the largest in India, with a gross state domestic product (GSDP) of ₹ 42.5 trillion (US$ 510 billion) and GSDP per capita of ₹ 335,247 (US$ 4,000); it is the single-largest contributor to India's economy , being accountable for 14% of all-India nominal GDP . The service sector dominates

2945-764: The Vijayanagara Empire of the south in 1565. The present area of Mumbai was ruled by the Sultanate of Gujarat before its capture by Portugal in 1535 and the Faruqi dynasty ruled the Khandesh region between 1382 and 1601 before finally getting annexed in the Mughal Empire . Malik Ambar , the regent of the Nizamshahi dynasty of Ahmednagar from 1607 to 1626, increased the strength and power of Murtaza Nizam Shah II and raised

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3040-480: The Zilla Parishad (district councils) at the district level and gram panchayat (village councils) at the lower level. Out of the total population of Maharashtra, 45.22% of people live in urban regions. The total figure of the population living in urban areas is 50.8 million. There are 27 Municipal Corporations in Maharashtra. According to the provisional results of the 2011 national census, Maharashtra

3135-1082: The human development index . The region that encompasses the modern state has a history going back many millennia. Notable dynasties that ruled the region include the Asmakas , the Mauryas , the Satavahanas , the Western Satraps , the Abhiras , the Vakatakas , the Chalukyas , the Rashtrakutas , the Western Chalukyas , the Seuna Yadavas , the Khaljis , the Tughlaqs , the Bahamanis and

3230-431: The " pump and dump " strategy, despite strict regulations against such practices. The "pump and dump" scheme involves artificially inflating the price of a stock (pump) through false or misleading positive statements. Once the price has been significantly raised, the operators then sell off their holdings (dump) at the inflated prices, leading to a sharp price decline and substantial losses for other investors who bought in at

3325-576: The 19th century. His social work was continued by Shahu, Raja of Kolhapur and later by B. R. Ambedkar . After the partial autonomy given to the states by the Government of India Act 1935 , B. G. Kher became the first chief minister of the Congress party-led government of tri-lingual Bombay Presidency. The ultimatum to the British during the Quit India Movement was given in Mumbai and culminated in

3420-608: The 2011 Census, are listed in the following table. Each district is governed by a district collector or district magistrate, appointed either by the Indian Administrative Service or the Maharashtra Civil Service. Districts are subdivided into sub-divisions ( Taluka ) governed by sub-divisional magistrates, and again into blocks . A block consists of panchayats (village councils) and town municipalities. Talukas are intermediate level panchayat between

3515-808: The Bombay Province became the Bombay State in the Indian Union, and Berar, the Deccan states and the Gujarat states were merged into the Bombay State. Aspirations of a separate state for Marathi-speaking peoples were pursued by the United Maharashtra Movement ; their advocacy eventually borne fruit on 1 May 1960, when the State of Bombay was bifurcated into the states of Maharasthra and Gujarat. The modern Marathi language evolved from Maharashtri Prakrit , and

3610-405: The Chief Secretary assists the council of ministers. The Chief Secretary is also the administrative head of the government. Each government department is headed by a Minister, who is assisted by an Additional Chief Secretary or a Principal Secretary, who is usually an officer of the Indian Administrative Service , the Additional Chief Secretary/Principal Secretary serves as the administrative head of

3705-415: The Directorate of Social Forestry (SFD). The Maharashtra State Biodiversity Board, constituted by the Government of Maharashtra in January 2012 under the Biological Diversity Act, 2002, is the nodal body for the conservation of biodiversity within and outside forest areas in the State. Maharashtra is ranked second among the Indian states in terms of the recorded forest area. Recorded Forest Area (RFA) in

3800-429: The F&O Segment of the Exchange during the financial year April 2013 to March 2014 stood at ₹ 1.52236 trillion (US$ 18 billion). Nifty 50 is an important stock market index comprising the 50 largest publicly traded companies on the NSE in India. On 3 May 2012, the National Stock exchange launched derivative contracts (futures and options) on FTSE 100, the widely tracked index of the UK equity stock market. This

3895-511: The Indian stock market, albeit within a regulatory framework aimed at ensuring transparency and fairness. Market operators are individuals or entities that actively engage in buying and selling securities to influence their prices for profit. They operate through various strategies, such as arbitrage, short selling , high-frequency trading , front running , churning , scalping , wash trading , spoofing, and layering, often leveraging sophisticated technology and large capital. Regulatory bodies like

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3990-407: The Mughals to city of Delhi. After their defeat at the hand of Ahmad Shah Abdali 's Afghan forces in the Third Battle of Panipat in 1761, the Maratha suffered a setback. However, they soon reclaimed the lost territories and ruled central and north India including Delhi until the end of the eighteenth century. The Marathas also developed a potent Navy circa in the 1660s, which at its peak under

4085-412: The Satavahana and Vakataka styles. The caves were possibly excavated during this period. The Chalukya dynasty ruled the region from the sixth to the eighth centuries CE, and the two prominent rulers were Pulakeshin II , who defeated the north Indian Emperor Harsha , and Vikramaditya II , who defeated the Arab invaders in the eighth century. The Rashtrakuta dynasty ruled Maharashtra from the eighth to

4180-466: The Saurastras, probably after the Rattas (Rastras) akin to the Rastrikas of Asoka's rock Edicts, now known as Maharastra and the Marattas . An alternative theory states that the term derives from the word mahā ("great") and rāṣṭra ("nation/dominion"). However, this theory is somewhat controversial among modern scholars who believe it to be the Sanskritised interpretation of later writers. Numerous Late Harappan or Chalcolithic sites belonging to

4275-446: The Securities and Exchange Board of India (SEBI) oversee market activities to curb malpractices such as insider trading , price rigging, and market manipulation . SEBI has implemented measures, including surveillance systems, to detect and penalize unethical practices. Despite these regulations, market operators exploit loopholes to gain an edge, necessitating continuous vigilance and regulatory updates. Market operators in India often use

4370-422: The Speaker and Deputy Speaker, who are elected by the members. The Legislative Assembly consists of 288 members who are elected for five-year terms unless the Assembly is dissolved before to the completion of the term. The Legislative Council is a permanent body of 78 members with one-third (33 members) retiring every two years. Maharashtra is the second most important state in terms of political representation in

4465-411: The Supreme Court of India, staking a claim over Belagon, is currently pending. Maharashtra with a total area of 307,713 km (118,809 sq mi), is the third-largest state by area in terms of land area and constitutes 9.36% of India's total geographical area. The State lies between 15°35' N to 22°02' N latitude and 72°36' E to 80°54' E longitude. It occupies the western and central part of

4560-404: The Western Ghats and the sea. Khandesh is the north region lying in the valley of the Tapti, Purna river. Nashik , Malegaon Jalgaon , Dhule and Bhusawal are the major cities of this region. Desh is in the centre of the state. Marathwada , which was a part of the princely state of Hyderabad until 1956, is located in the southeastern part of the state. Aurangabad and Nanded are

4655-482: The article by Moneylife. On 22 July 2015, NSE filed a ₹ 1 billion (US$ 12 million) suit against the publication. However, on 9 September 2015, the Bombay High Court dismissed the case and fined NSE ₹ 5 million (US$ 60,000) in this defamation case against Moneylife. The High Court asked NSE to pay ₹ 150,000 (US$ 1,800) to each journalist Debashis Basu and Sucheta Dalal and the remaining ₹ 4.7 million (US$ 56,000) to two hospitals. The Bombay High Court has stayed

4750-519: The basis of annual rainfall soil types, vegetation and cropping pattern. Maharashtra experiences a tropical wet and dry climate with hot, rainy, and cold weather seasons. Some areas more inland experience a hot semi arid climate, due to a rain shadow effect caused by the Western Ghats. The month of March marks the beginning of the summer and the temperature rises steadily until June. In the central plains, summer temperatures rise to between 40 °C or 104.0 °F and 45 °C or 113.0 °F. May

4845-417: The battles mainly took place in northern India. The modern struggle for independence started taking shape in the late 1800s with leaders such as Bal Gangadhar Tilak , Justice Mahadev Govind Ranade , Gopal Krishna Gokhale , Pherozeshah Mehta and Dadabhai Naoroji evaluating the company rule and its consequences. Jyotirao Phule was the pioneer of social reform in the Maharashtra region in the second half of

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4940-439: The census. Powari , Lodhi , and Varhadi are spoken in the Vidarbha region, Dangi is spoken near the Maharashtra-Gujarat border, Bhil languages are spoken throughout the northwest part of the state, Khandeshi (locally known as Ahirani) is spoken in Khandesh region. In the Desh and Marathwada regions, Dakhini Urdu is widely spoken, although Dakhini speakers are usually bilingual in Marathi. Konkani, and its dialect Malvani,

5035-488: The city of Mumbai, is home to two tiny religious communities. This includes 5000 Jews , mainly belonging to the Bene Israel , and Baghdadi Jewish communities. Parsi is the other community who follow Zoroastrianism . The 2011 census recorded around 44,000 parsis in Maharashtra. Languages of Maharashtra (2011) Marathi is the official language although different regions have their own dialects. Most people speak regional languages classified as dialects of Marathi in

5130-444: The coast is home to littoral and swamp forests. Flora of Maharashtra is heterogeneous in composition. In 2012 the recorded thick forest area in the state was 61,939 km (23,915 sq mi) which was about 20.13% of the state's geographical area. There are three main Public Forestry Institutions (PFIs) in the Maharashtra state: the Maharashtra Forest Department (MFD), the Forest Development Corporation of Maharashtra (FDCM) and

5225-435: The command of Kanhoji Angre , dominated the territorial waters of the western coast of India from Mumbai to Savantwadi . It resisted the British , Portuguese , Dutch , and Siddi naval ships and kept a check on their naval ambitions. Charles Metcalfe, British Civil servant and later Acting Governor-General, said in 1806: India contains no more than two great powers, British and Maratha, and every other state acknowledges

5320-460: The country and has a coastline stretching 840 kilometres (520 mi) along the Arabian Sea . The dominant physical feature of the state is its plateau character, which is separated from the Konkan coastline by the mountain range of the Western Ghats, which runs parallel to the coast from north to south. The Western Ghats , also known as the Sahyadri Range, has an average elevation of 1,200 metres (3,900 ft); its slopes gently descending towards

5415-463: The daily turnover on NSE exceeded that of the BSE . Operations in the derivatives segment commenced on 12 June 2000. In August 2008, NSE introduced currency derivatives . NSE EMERGE is NSE's new initiative for small and medium-sized enterprises (SME) and startup companies in India. These companies can get listed on NSE without an initial public offering (IPO) . This platform will help SMEs and startups connect with investors and help them with

5510-439: The department they are assigned to. Each department also has officers of the rank of Secretary, Special Secretary, Joint Secretary, etc. assisting the Minister and the Additional Chief Secretary/Principal Secretary. For purpose of administration, the state is divided into 6 divisions and 36 districts . Divisional Commissioner, an IAS officer is the head of administration at the divisional level. The administration in each district

5605-401: The district courts are categorised into two divisions: the Maharashtra civil judicial services and higher judicial service. While the Maharashtra civil judicial services comprises the Civil Judges (Junior Division)/Judicial Magistrates and civil judges (Senior Division)/Chief Judicial Magistrate, the higher judicial service comprises civil and sessions judges. The Subordinate judicial service of

5700-403: The east and southeast. The Western Ghats (or the Sahyadri Mountain range) provide a physical barrier to the state on the west, while the Satpura Hills along the north and Bhamragad-Chiroli-Gaikhuri ranges on the east serve as its natural borders. This state's expansion from North to South is 720 km (450 mi) and East to West is 800 km (500 mi). To the west of these hills lie

5795-439: The east, in the rain shadow of the mountain range, only 500–700 mm/year will fall, and long dry spells leading to drought are a common occurrence. Maharashtra has many of the 99 Indian districts identified by the Indian Central water commission as prone to drought. The average annual rainfall in the state is 1,181 mm (46.5 in) and 75% of it is received during the southwest monsoon from June–to September. However, under

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5890-452: The fourth and third centuries BCE. Around 230 BCE, Maharashtra came under the rule of the Satavahana dynasty which ruled it for the next 400 years. The rule of Satavahanas was followed by that of Western Satraps , Gupta Empire , Gurjara-Pratihara , Vakataka , Kadambas , Chalukya Empire , Rashtrakuta Dynasty , and Western Chalukya and the Yadava Dynasty . The Buddhist Ajanta Caves in present-day Aurangabad display influences from

5985-490: The higher prices. Their activities have continued to impact market volatility, liquidity, and price discovery, playing a significant role in the dynamics of the Indian stock market. On 8 July 2015, Sucheta Dalal wrote an article on Moneylife alleging that some NSE employees were leaking sensitive data related to high-frequency trading or co-location servers to a select set of market participants so that they could trade faster than their competitors. NSE alleged defamation in

6080-491: The influence of one or the other. Every inch that we recede will be occupied by them. The British East India Company slowly expanded areas under its rule during the 18th century. The Third Anglo-Maratha War (1817–1818) led to the end of the Maratha Empire and the East India Company took over the empire. The Maratha Navy dominated till around the 1730s, was in a state of decline by the 1770s and ceased to exist by 1818. The British governed western Maharashtra as part of

6175-552: The influence of the Bay of Bengal, eastern Vidarbha receives good rainfall in July, August, and September. Thane, Raigad , Ratnagiri , and Sindhudurg districts receive heavy rains of an average of 2,000 to 2,500 mm or 80 to 100 in and the hill stations of Matheran and Mahabaleshwar over 5,000 mm (200 in). Contrariwise, the rain shadow districts of Nashik , Pune , Ahmednagar , Dhule , Jalgaon , Satara , Sangli , Solapur , and parts of Kolhapur receive less than 1,000 mm (39 in) annually. In winter,

6270-403: The judiciary is controlled by the District Judge. National Stock Exchange of India National Stock Exchange of India Limited ( NSE ) is one of the leading stock exchanges in India, based in Mumbai . NSE is under the ownership of various financial institutions such as banks and insurance companies. It is the world's largest derivatives exchange by number of contracts traded and

6365-400: The largest caste cluster with around 32% of the population. Maharashtra has a large Other Backward Class population constituting 41% of the population. The scheduled tribes include Adivasis such as Thakar , Warli , Konkana and Halba . The 2011 census found scheduled castes and scheduled tribes to account for 11.8% and 8.9% of the population, respectively. The state also includes

6460-523: The last week of June and lasts till mid-September. Pre-monsoon showers begin towards the middle of June and post-monsoon rains occasionally occur in October. The highest average monthly rainfall is during July and August. In the winter season, there may be a little rainfall associated with western winds over the region. The Konkan coastal area, west of the Sahyadri Mountains receives very heavy monsoon rains with an annual average of more than 3,000 millimetres (120 in). However, just 150 km (93 mi) to

6555-442: The launch of NIFTY 50 Index futures, a representative stock price index of India, on the Osaka Securities Exchange Co., Ltd. (OSE), a subsidiary of JPX. Moving forward, both parties will make preparations for the listing of yen-denominated NIFTY 50. On 13 May 2013, NSE launched India's first dedicated debt platform to provide a liquid and transparent trading platform for debt-related products. The key domestic investors which hold

6650-448: The main cities of the region. Vidarbha is the easternmost region of the state, formerly part of the Central Provinces and Berar. The state has limited area under irrigation, low natural fertility of soils, and large areas prone to recurrent drought. Due to this the agricultural productivity of Maharashtra is generally low as compared to the national averages of various crops. Maharashtra has been divided in to nine agro-climatic zones on

6745-410: The markets. NSE also conducts online examinations and awards certification, under its Certification in Financial Markets (NCFM) programs. NSE has set up NSE Academy Limited to further financial literacy. At present, certifications are available in 46 modules, covering different sectors of financial and capital markets, both at the beginner and advanced levels. The list of various modules can be found at

6840-639: The name of a tribe or dynasty of chiefs ruling in the Deccan region. An alternate theory states that the term is derived from mahā ("great") and ratha / rathi (" chariot "/"charioteer"), which refers to a skilful northern fighting force that migrated southward into the area. In the Harivamsa , the Yadava kingdom called Anaratta is described as mostly inhabited by the Abhiras (Abhira-praya-manusyam). The Anartta country and its inhabitants were called Surastra and

6935-476: The northwest. Maharashtra is the second-most populous state in India and the fourth-most populous country subdivision in the world. The state is divided into 6 divisions and 36 districts , Mumbai , is the capital of Maharashtra due to its historical significance as a major trading port and its status as India's financial hub , housing key institutions and a diverse economy . Additionally, its well-developed infrastructure and cultural diversity make it

7030-549: The officers of the Maharashtra Police Service, is entrusted with the responsibility of maintaining law and order and related issues in each district. The Divisional Forest Officer, an officer belonging to the Indian Forest Service , manages the forests, environment, and wildlife of the district, assisted by the officers of Maharashtra Forest Service and Maharashtra Forest Subordinate Service. The judiciary in

7125-577: The official site of NSE India. In addition, since August 2009, it has offered a short-term course called NSE Certified Capital Market Professional (NCCMP). The Indian stock exchanges BSE and NSE have witnessed several corruption scandals. At times, the Securities and Exchange Board of India (SEBI) has barred several individuals and entities from trading on the exchanges for stock manipulation , especially in illiquid smallcaps and penny stocks . Market operators continue to operate in

7220-489: The order on costs for a period of two weeks, pending the hearing of the appeal filed by NSE. The board also passed orders against 16 individuals including former managing directors and CEOs Ravi Narain and Chitra Ramakrishna ordering them to disgorge 25% of their salaries during that period along with interest. All money is to be paid into the Investor protection and education fund. These individuals have also been debarred from

7315-403: The populations of Ratnagiri and Sindhudurg shrank by −4.96% and −2.30%, respectively, while the population of Thane grew by 35.9%, followed by Pune at 30.3%. The literacy rate is 83.2%, higher than the national rate at 74.04%. Of this, male literacy stood at 89.82% and female literacy 75.48%. Religion in Maharashtra (2011) According to the 2011 census, Hinduism was the principal religion in

7410-795: The precincts of the National Tiger Conservation Authority . The state's 720 km (450 mi) of sea coastline of the Arabian Sea marks the presence of various types of fish and marine animals. The Zoological Survey of India (ZSI) found 1527 marine animal species, including molluscs with 581 species, many crustacean species including crabs, shrimps, and lobsters, 289 fish species, and 141 species types of annelids (sea worms). Maharashtra has following geographical regions: It consists of six administrative divisions: The state's six divisions are further divided into 36 districts , 109 sub-divisions, and 358 talukas . Maharashtra's top five districts by population, as ranked by

7505-736: The raising of funds. In August 2019, the 200th company listed on NSE's SME platform. The National Stock Exchange of India Limited (NSE) commenced trading in derivatives with the launch of index futures on 12 June 2000. The futures and options segment of NSE has made a global mark. In the Futures and Options segment, trading in the NIFTY 50 Index, NIFTY IT index, NIFTY Bank Index, NIFTY Next 50 index, and single stock futures are available. Trading in Mini Nifty Futures & Options and Long term Options on NIFTY 50 are also available. The average daily turnover in

7600-665: The region. The President of India appoints the chief justice of the High Court of the Maharashtra judiciary on the advice of the chief justice of the Supreme Court of India as well as the Governor of Maharashtra. Other judges are appointed by the chief justice of the high court of the judiciary on the advice of the Chief Justice. Subordinate Judicial Service is another vital part of the judiciary of Maharashtra. The subordinate judiciary or

7695-584: The region. They brought several changes to the legal system, built modern means of transport including roads and Railways, took various steps to provide mass education, including that for previously marginalised classes and women, established universities based on western system and imparting education in science, technology, and western medicine, standardised the Marathi language, and introduced mass media by utilising modern printing technologies. The 1857 war of independence had many Marathi leaders, though

7790-460: The state at 79.8% of the total population. Muslims constituted 11.5% of the total population. Maharashtra has the highest number of followers of Buddhism in India, accounting for 5.8% of Maharashtra's total population with 6,531,200 followers. Marathi Buddhists account for 77.36% of all Buddhists in India . Sikhs , Christians , and Jains constituted 0.2%, 1%, and 1.2% of the Maharashtra population respectively. Maharashtra, and particularly

7885-606: The state consists of the Maharashtra High Court ( The High Court of Bombay ), district and session courts in each district and lower courts and judges at the taluka level. The High Court has regional branches at Nagpur and Aurangabad in Maharashtra and Panaji which is the capital of Goa. The state cabinet on 13 May 2015 passed a resolution favouring the setting up of one more bench of the Bombay high court in Kolhapur , covering

7980-615: The state is 61,579 sq mi (159,489 km ) of which 49,546 sq mi (128,324 km ) is reserved forests, 6,733 sq mi (17,438 km ) is protected forest and 5,300 sq mi (13,727 km ) is unclassed forests. Based on the interpretation of IRS Resourcesat-2 LISS III satellite data of the period Oct 2017 to Jan 2018, the State has 8,720.53 sq mi (22,586 km ) under Very Dense Forest(VDF), 20,572.35 sq mi (53,282 km ) under Moderately Dense Forest (MDF) and 21,484.68 sq mi (55,645 km ) under Open Forest (OF). According to

8075-465: The state's economy, accounting for 69.3% of the value of the output of the country. Although agriculture accounts for 12% of the state GDP, it employs nearly half the population of the state. Maharashtra is one of the most industrialised states in India. The state's capital, Mumbai, is India's financial and commercial capital. The Bombay Stock Exchange , India's largest stock exchange and the oldest in Asia,

8170-531: The tenth century. The Arab traveller Sulaiman al Mahri described the ruler of the Rashtrakuta dynasty Amoghavarsha as "one of the four great kings of the world". Shilahara dynasty began as vassals of the Rashtrakuta dynasty which ruled the Deccan plateau between the eighth and tenth centuries. From the early 11th century to the 12th century, the Deccan Plateau, which includes a significant part of Maharashtra,

8265-499: The third largest in cash equities by number of trades for the calendar year 2022. It is the 7th largest stock exchange in the world by total market capitalization , exceeding $ 5 trillion on May 23, 2024. NSE's flagship index, the NIFTY 50 , is a 50 stock index that is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index

8360-596: The transfer of power and independence in 1947. After Indian independence, princely states and Jagirs of the Deccan States Agency were merged into Bombay State , which was created from the former Bombay Presidency in 1950. In 1956, the States Reorganisation Act reorganised the Indian states along linguistic lines, and Bombay Presidency State was enlarged by the addition of the predominantly Marathi -speaking regions of Marathwada ( Aurangabad Division ) from erstwhile Hyderabad state and Vidarbha region from

8455-533: The word Marhatta (later used for the Marathas ) is found in the Jain Maharashtrian literature. The term Maharashtra along with Maharashtrian, Marathi, and Maratha may have derived from the same root. However, their exact etymology is uncertain. The most widely accepted theory among the linguistic scholars is that the words Maratha and Maharashtra ultimately derived from a combination of Mahā and Rāṣṭrikā ,

8550-466: The year 1971) than the national average. However, in the year 2011, it was found to be lower than the national average. The 2011 census for the state found 55% of the population to be rural with 45% being urban-based. Although, India hasn't conducted a caste-wise census since Independence, based on the British era census of 1931, it is estimated that the Maratha and the Maratha-kunbi numerically form

8645-440: Was a strategic defeat for Mughals. Aurangzeb failed to fully conquer Maratha territories, and this campaign had a ruinous effect on Mughal Treasury and Army. Shortly after Aurangzeb's death in 1707, Marathas under Peshwa Bajirao I and the generals that he had promoted such as Ranoji Shinde and Malharrao Holkar started conquering Mughal Territories in the north and western India, and by 1750s they or their successors had confined

8740-415: Was at that time the richest state in India and the second-most populous state in India with a population of 112,374,333. Contributing to 9.28% of India's population, males and females are 58,243,056 and 54,131,277, respectively. The total population growth in 2011 was 15.99%, while in the previous decade it was 22.57%. Since independence, the decadal growth rate of population has remained higher (except in

8835-638: Was dominated by the Western Chalukya Empire and the Chola dynasty . Several battles were fought between the Western Chalukya Empire and the Chola dynasty in the Deccan Plateau during the reigns of Raja Raja Chola I , Rajendra Chola I , Jayasimha II , Someshvara I , and Vikramaditya VI . In the early 14th century, the Yadava dynasty , which ruled most of present-day Maharashtra, was overthrown by

8930-596: Was launched in 1996 by NSE. National Stock Exchange was incorporated in the year 1993 to bring about transparency in the Indian equity markets. NSE was set up at the behest of the Government of India , based on the recommendations laid out by the Pherwani committee in 1991 and the blueprint was prepared by a team of five members (Ravi Narain, Raghavan Puthran, K Kumar, Chitra Sankaran and Ashishkumar Chauhan ) along with R H Patil and SS Nadkarni who were deputed by IDBI in 1992. Instead of trading memberships being confined to

9025-590: Was the first of its kind index of the UK equity stock market launched in India. FTSE 100 includes the 100 of largest UK-listed blue-chip companies and has given returns of 17.8 percent on investment over three years. The index constitutes 85.6 per cent of UK's equity market cap. On 10 January 2013, the National Stock Exchange signed a letter of intent with the Japan Exchange Group, Inc. (JPX) on preparing for

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