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The former Maharashtra chief minister was admitted in the ICU of P D Hinduja Hospital here on Wednesday and breathed his last at the private medical facility, family sources said.
Joshi (86), was severely ill, the hospital had said in a statement on Thursday.
The Shiv Sena stalwart was admitted to the same hospital in May last year after suffering a brain haemorrhage.
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He was also elected as a Member of Parliament and was the Lok Sabha Speaker from 2002 to 2004 when the Vajpayee government was in power.