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Maharashtra facing 'historic economic crisis', will have to take loans to help flood-hit people: Sharad Pawar

NCP chief Sharad Pawar on Monday said Maharashtra is facing a "historic economic crisis" and the state government has no option but to take loans to help flood-affected people in the state. Pawar, who is on a tour of the Marathwada region to review the flood situation, told reporters in Osmanabad that a state government cannot do anything alone in a crisis of such magnitude. Last week, heavy rains and floods claimed at least 48 lives in Pune, Aurangabad and Konkan divisions, while crops on lakhs of hectares were damaged.

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