Economy / Arunachal

NAHARLAGUN, March 4 – Arunachal Pradesh Chief Minister Mukut Mithi presented a tax-free budget with a total outlay of Rs 1476.03 crore for year 2003 –2004 in the State Assembly here on Monday. “I am happy to announce that I have no new taxes imposed in this year”, Mithi who also holds the portfolio of finance said, while presenting the budget.

However, he said stringent measures imposed in the previous Budget on OTA, honorarium, traveling expenses, office expenses and maintenance of vehicles and ban on LTC for four years would continue till the next financial year”. “The non-Plan revised...

ITANAGAR, Feb 20 — Arunachal Pradesh government has taken up with the Defence Ministry to strengthening road communication along McMahon line in view of the ongoing massive infrastructural development across the border in China, reports PTI. “Security of the country should be the utmost consideration,” said Takam Sanjoy, government spokesman and education minister of Arunachal Pradesh, which has about 1500 km international border with China.

Development of the state’s border area could not be ignored in view of its “strategically sensitive” nature and Arunachal Pradesh government had drawn...

ITANAGAR, June 29?Arunachal Pradesh Government is making concerted efforts to re-open the traditional border trade routes with China, Bhutan and Myanmar to make this tribal-dominated state a nerve center of border trade in near future. ?My govt. is perusing the matter with utmost effort with the Center for taking up bilateral talks with the Governments of our neighbouring countries on priority basis?, Arunachal Pradesh Chief Minister Mukut Mithi said. The Chief Minister stated this while laying the foundation stone for circle headquarters office of Rima Putak in Changlang district of Arunachal...

ITANAGAR, June 2 ? Arunachal Pradesh Cabinet has expressed serious concern over the ineffective functioning of the various State Government undertakings and co-operations. Arunachal Pradesh Industrial Development and Financial Corporations, Arunachal Pradesh Forest Corporations and Arunachal Pradesh Mineral Development and Trading Corporations, with huge liabilities of Rs 58.74 lakh, Rs 911 lakh and 14000 are the three corporations, which are running under loss. ?Despite having funds, some of the State government undertakings are under huge liabilities with a large amount of negative balance...

ITANAGAR, May 8 ? Arunachal Pradesh may become one of the major tourist destinations in the country within a decade with some financial institutions showing their keen interest to invest to develop tourism sector. In this regard, the Industrial Finance corporation of India (IFCI) Limited has shown a keen interest in investing crores of money especially for tourism sector, apart, hydropower potential and others. ?IFCI is giving major thrust to make Arunachal Pradesh a major tourist destination of the country and ready to extend financial assistances to both the State government and private...

NEW DELHI, April 25 ? Meghalaya ranked lowest in utilisation of funds from the Centre?s non-lapsable Central pool of resources scheme for the speedy development of the north-eastern region while Tripura topped the list for maximum per capital utilisation of the allocated money, reports PTI. ?The largest amount of Rs 293.16 crore was released for various projects in Assam during the last four financial years allowed by Rs 215.29 crore for Tripura.

The lowest release of Rs 66.81 crore was for Meghalaya due to poor utilisation of funds and lack of viable project proposals,? PD Shenoy, secretary...

NEW DELHI, April 24 ? Although the highest allocation from the Non-Lapsable Central Pool of Fund went to Assam, the State has slipped in utilisation, even as Tripura emerged at the top in terms of utilisation of funds sanctioned out of the pool. For the fund starved north-eastern States, there is encouraging news in store as with the activation of the Central Pool of Resources the allocation is expected to go up. Allocation for the last four years has recorded a quantum jump to Rs 1,346.72 crore. Among the north eastern States, the highest allocation of Rs 293.16 crore has flowed to Assam...

NEW DELHI, Feb 15 — CBI files case against ex-chief engineer a former Chief Engineer of Arunachal Pradesh Government and seven firms for allegedly conspiring and causing a loss of crores of rupees to the State Government. The CBI, after filing an FIR, also raided the residential premises of the former Chief Engineer in Chandigarh and official premises of these companies and seized some documents, agency sources said here. According to the FIR filed by the CBI, the former Chief Engineer Darshan Singh had allegedly abused his official position and conspired with Hydro Power Equipment, Johrat,...

NAHARLAGUN, March 25: The Arunachal Pradesh Government is making concerted efforts to reopen the traditional border trade routes with China, Bhutan and Myanmar to make this tribal-dominated state a nerve centre of border trade in near future. "My government is pursuing the matter with the Centre for taking up bilateral talks with the governments of our neighbouring countries on priority basis," Mithi said while responding to a private member resolution on border trade routes moved by the former chief Minister Gegong Apang in the Assembly. Moving the resolution, Apang said: "This Assembly is of...

ITANAGAR, March 20: Arunachal Pradesh Chief Minister Mukut Mithi today said he has asked the Centre to reopen the border trade routes with neighbouring countries like China, Myanmar and Bhutan, reports UNI. Replying to a private member resolution in the assembly on the reopening of the border trade with its neighbouring countries, Mithi said the Centre had evinced keen interests on the matter. He said the Centre was of the opinion that the existing routes to Moreh in Manipur should be made operational before opening up any new routes through Pangsu pass in the State. The private member...