SME Times is powered by   
Search News
Just in:   • Sensex gains 330 points on lower crude prices  • Rs 1 crore loan just in 59 minutes!  • IT minister among LinkedIn's top 25 voices for India  • India's energy consumption to nearly triple by 2040: Pradhan  • Oils entering uncertain, volatile period: IEA 
Last updated: 11 Jul, 2018  

NorthEast.9.thmb.jpg NE Governors, CMs disapprove Centre's decision to stop new schemes

NorthEast.9.jpg
   Top Stories
» 'Startup India Investment Seminar to woo Chinese investors'
» DIPP hosts Global Digital Content Market conference
» 'India defends its interests at RCEP meeting'
» Odisha making its youth industry-ready: Patnaik
» MSME loans can be provided only through banks: Jaitley
SME Times News Bureau | 11 Jul, 2018
Governors and Chief Ministers of the northeastern states have expressed their disapproval of the Central government's decision to put on hold new schemes funded through the North Eastern Council (NEC).

The Union Finance Ministry, through its Expenditure Finance Committee had last year decided to stop projects under Non-Lapsable Central Pool of Resources, following which the Union Cabinet gave its approval on March 28 this year to introduce a new scheme called "Northeast Special Infrastructure Development Schemes" in its place.

"All Governors and Chief Ministers have expressed their concern as to why last year's sanctions for projects were stopped or kept in abeyance," NEC Secretary Ram Muivah told journalists on the concluding day of the Council plenary meet here.

The plenary meeting, considered to be the highest decision making authority, chaired by Union Home Minister Rajnath Singh, who is also the ex-officio Chairman of NEC was attended by Governors and Chief Ministers of the northeastern states besides Union Development of North Eastern Region minister Jitendra Singh.

Chief Ministers Lal Thanhawla (Mizoram), Neiphiu Rio (Nagaland), Conrad K. Sangma (Meghalaya), and Pema Khandu (Arunachal Pradesh) had appealed to Rajnath Singh to review the decision to put on hold developmental projects sanctioned by the NEC to meet the development needs of the region.

Under the new scheme, the Centre, through the Ministry of DoNER, has assured to fund 100 per cent for projects, not like the earlier funding pattern of 90:10 - 90 per cent by the Centre and 10 per cent by the respective states.

However, the NEC members aren't happy with NESID) on the ground that the Centre would earmarked only around Rs 1,600 crore, whereas for projects sanctioned under NLCPR on 90:10 funding, the total amount would come to almost Rs 40,000 crore.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 14 Nov, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Industry hails MSME Support and Outreach initiative(8)
» Starting an import export business: Basic guide for beginners(4)
» Impact of cheap Chinese products on the Indian economy(1)
» US-China tariff war: Opportunity for India(1)
» MSME loans can be provided only through banks: Jaitley(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter