Economy / Arunachal

ITANAGAR, March 19: Arunachal Pradesh Chief Minister Mukut Mithi today presented a 'tax free' deficit Budget for 2001-2002 in the State Assembly proposing several stringent cuts in the expenditure to streamline the fiscal conditions, reports PTI. The Budget showed total receipt of Rs 1345.49 crore and expenditure of Rs 1346.92 crore showing an overall deficit of Rs 1.43 crore. Mithi, who also holds the finance portfolio, in his budget speech, proposed to ban the purchase of vehicles, foreign tours, creation or filling up of posts and engagement of consultants. If exception had to be made, 'in...

ITANAGAR, March 2: The ruling Congress Government led by Mukut Mithi in this Himalayan State has hiked the royalty on all categories of timber and other forest products by 15 per cent with immediate effect. "This decision was taken as per the country's apex court ruling at the Cabinet meeting held under the chairmanship of Chief Minister Mukut Mithi here yesterday," Takam Sanjoy told the newsmen here today. He said that the Cabinet has also approved the enhancement of stipend of all categories of tribal students by Rupees 100 from the existing one. "This will cost the State exchequer by...

ITANAGAR, August 3: Poor recovery of repayments is the main impediment in the smooth flow of loanable funds in this strategic frontier state of Arunachal Pradesh, according to the state Bank of India officials here. Talking to newsmen here on Wednesday, assistant general manager SBI regional branch, Itanagar, SC Sarkar said one of the problems being faced by the bank in Arunachal Pradesh is the poor recovery climate, which has hampered the flow of loanable funds. However, he said this could be done away with if the state government could initiate step to help the recovery efforts of banks by...

ITANAGAR, July 25: The Comptroller and Auditor General of India has pulled up the Arunachal Civil Supplies department for not effectively implementing the public distribution system during the period 1992-99 due to defective budgeting. The CAG report for year 1999 laid down by Arunachal Pradesh Chief Minister Mukut Mithi in the state Assembly here on Monday stated that the scheme was not fully implemented in the state due to defective budgeting as Rs.11.67 crore (revenue Rs 8.07 crore, capital Rs.3.60) remained unutilized during the year 1992-99 and short-lifting of 1.09 lakh tonnes of PDS...

Guwahati, July 15: Erosion of the banks of the river Brahmaputra all over the state has created havoc and according to the Flood Control Department officials, massive deforestation, particularly in the neighbouring country Bhutan and Arunachal Pradesh is one of the main reasons for the problem. Though two waves of moderate floods hit Assam so far this year, fortunately the floods did not cause much damage till now and erosion of the banks of the river Brahmaputra has turned out to be the main problem. Sources said that different parts of the State have been affected by the problem of erosion...