Economy / Manipur

Imphal, June 21: Setting up of an international standard bus station at Moreh is on card with Union Ministry of Surface Transport and Highways seeking a detailed project report (DPR) of the same from the State Government. Along with it, the Union Ministry has also asked the State Transport Department to submit a DPR on Imphal-Mandalay road connectivity in connection with its ambitious Trans-Asian Highways project, a reliable source disclosed. Although the proposal of the Union Ministry is welcome, it has put the State Transport Department in a fix over procuring 50 acres of land at Moreh for...

IMPHAL, June 1 – With the stated objective of reaping the maximum benefits from the 12th Finance Commission, the State Government has approached the Commission to earmark a sum of Rs 14,000 crore for the State in the next five year Plan, which will come into effect from April next year and to set aside Rs 1000 crore to enable the State face its peculiar problems. The State Government submitted its presentation to the Commission team led by its Chairman C Ranga-ranjan, who arrived at the State on Sunday.

The Commission team left for Aizawl today after meeting representatives of the Government...

IMPHAL, April 7 – Manipur government’s plan to import good variety of rice from Myanmar through Moreh, India’s gateway to the south east Asian countries is likely to suffer a bit as New Delhi has reportedly asked the state government not to import rice from Myanmar. The Centre’s instructions have reportedly been given to the state authorities in the backdrop of the state’s willingness to import rice to weather through the rice crisis in the state. The Union Commerce ministry has categorically stated that the Centre would provide the rice required by the state. The state had submitted a...

IMPHAL, March 16 — Cash strapped Manipur Government has given the green signal to a Mumbai based firm MWC Market Service Pvt Ltd to start on-line lottery to improve the financial situation of the state, the Chief Minister Okram Ibobi Singh told the state assembly during the discussion on the Manipur state on-line lottery (Regulation) Rules, 2002 which was laid on the Table of the House on December 30, 2002.

The chief minister who also holds the finance portfolio while replying to questions raised by opposition MLAs M Nilachandra Singh, Salam Ibohal Singh, L Ibomcha Singh and BD Behring said...

IMPHAL, March 12–No new taxes were imposed in the deficit Budget presented for the next financial year in the Manipur Assembly Tuesday, reports PTI. Presenting the Budget estimates of Rs 3663.49 crore, the Chief Minister, O Ibobi Singh, who also holds the charge of Finance department, said that fresh initiatives would be made to augment revenue from existing tax and non-tax resources to fill the budgetary gap.

Also hard measures would be introduced to prune government expenditure like downsizing of the bureacracy, ban on direct recruitment and abolition of death in harness scheme, the...

Imphal, March 11: Manipur chief minister Okram Ibobi Singh today presented a Rs 452.47-crore deficit budget for 2003-04. Ibobi Singh, who holds the finance portfolio, did not make any proposal to introduce new taxes.

Presenting the Rs 3663.49- crore budget estimate, the chief minister promised to vigorously implement, supervise and monitor the progress of fiscal reforms initiated in 2001 to overcome the current financial crisis. The opening deficit was expected to be Rs 413.57 crore, he added.

Stating that continuing insurgency had impacted development, creating a sense of “uncertainty and...

Imphal, Feb. 18: Manipur chief minister Okram Ibobi Singh has adopted a carrot-and-stick policy to collect power dues from consumers, including government departments. This has been necessitated by the power corporations’ threat to snap electricity connections following the government’s inability to clear its outstanding bill.

The North Eastern Electric Power Corporation (Neepco) recently announced that it would snap power supply to states which have failed to pay their dues. Manipur, which has few sources of power of its own, depends on electricity supplied by corporations such as Neepco and...

GUWAHATI, Feb 15 ? A staggering amount of Rs 850 crore due to the North Eastern Electric Power Corporation (NEEPCO) from the State Government is seriously affecting functioning of the Corporation which has been engaged in development of the power sector in the North-east since 1976.

Revealing this, the Confederation of NEEPCO Trade Unions, a united platform of all the registered trade unions within the Corporation, today said it was not at all happy with the State Government and the Assam State Electricity Board (ASEB), and appealed to the Government to ensure that NEEPCO got its dues. ?This...

Imphal, Febuary 01: As part of the SPF Government's endeavor to review sick units necessary funds would be allocated to revive the Jiribam Tea Estate, said Minister of State (Agriculture) K Ranjit. In an exclusive chat with The Sangai Express the Minister exuded confidence that with the required funding the Estate will not only be revived but its productivity can be increased considerably. During the President Rule Government the tea estate along with other unprofitable corporations were ordered for closure. Citing poor financial conditions and lack of initiatives by previous Governments...

Imphal, Jan. 22: All Food Corporation of India (FCI) godowns in Manipur and the adjoining states have been shut down following the abduction of FCI deputy director Sadashivam by suspected militants along the Imphal-Moreh route yesterday.

The FCI has suspended all operations in the town indefinitely in protest against the incident.

Director-general of police S. Bimolchandra Singh told The Telegraph today that the United Kuki Liberation Front might be behind the kidnapping. However, there has been no demand for ransom, he added.

The nine persons were waylaid yesterday while travelling in two...