Economy / Nagaland

KOHIMA, March 13 – Nagaland has become the latest destination of officials of the Tea Board of India because most of the farmers have shifted towards exclusive tea cultivation instead of mixed crops, which is the convention. With the discovery that the taste here is akin to Darjeeling tea, farmers in districts like Phek and Mon may soon be competing in quality with neighbors Assam. Another crop that’s reportedly doing wonders is ginger which is fetching high prices for the farmers of the state. The Nagaland Empowerment of People through Economic Development (NEPED) has been attempting to...

LONGWA (Indo-Myanmar border), Feb 9 ? ?Nga trade chira India me... (we want trade with India for which both India and ?Burma? should work together for boosting trade), this was observed by a group of Myanmarese people living along the international border near Longwa. Longwa, a small village of Mon district of Nagaland has become a major trade point between India and Myanmar. The people of both the countries exchange their goods through barter system on every Friday, keeping aside their border dispute. The Indians generally exchange salt, potatoes, cattle and clothes while the Myanmarese...

Kohima, Jan. 3: From slippers to soaps and tubelights, goods made in Myanmar are flooding the markets of Nagaland, pushing Indian products off the racks and reducing the government’s earnings from sales tax. The “Myanmarese invasion” began about three years ago, but what was initially a trickle of goods has now become a torrent. The first destination of the consignments, mostly originating from Yangon and Mandalay, is Moreh in Manipur.

Vans bring these goods from the border town to Dimapur via Kohima. The state capital does have its share of the “foreign business”, but Dimapur is where the...

DIMAPUR, May 22 ? To find a place in the industrial map of the North-east, Nagaland government has set up an industrial growth centre at Ganeshnagar under Dhansiri sub-division of Dimapur district. The ambitious 17-crore project with all the required infrastructural facilities such as post-telecom, bank, hospitals and industrial housing etc would be completed by June next. State government has high aspirations from the mini-industrial township, the foundation of which was laid by the State Chief Minister SC Jamir in the first year of his present tenure, 1998. Centre has released its share of...

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...

GUWAHATI, April 4 ? AK Das, Head of North Eastern region and DGM of IFCI, stationed at North Eastern Head Quarter in Guwahati is visiting Kohima on April 4 and 5 to assess industrial and tourism potential in Nagaland State which is having huge natural resources and also for generating more employment opportunities. AK Das will also attend a seminar on ?Economic Development of Nagaland? on April 5 in Zonal Council Hall, Kohima which is organised by the Confederation of Indian Industry (CII) in association with the Government of Nagaland. Syamal Dutta, Governor of Nagaland and Arun Shourie...

KOHIMA, April 4? The State Government has introduced Nagaland Communitisation of Public Institutions and Services Bill 2002 to further consolidate the decentralisation process in the hill State, reports PTI. The bill, introduced by Local Self Government Minister Rokonicha, seeks to provide a legal framework to devolute more power to the community in matters connected with the management of public utilities, public services and activities of the state government in areas like school education, health, water supply, power, transport, roads, forests, sanitation and other welfare and development...

NEW DELHI, March 27 ? In an encouraging development, Oil and Natural Gas Corporation (ONGC) is likely to re-start its Nagaland operations shortly, even as the two oil companies including Oil India Limited (OIL) has attributed breakdown in law and order situation and poor infrastructure facilities in the region as among the main factors for a sharp decline in crude oil production in the region. Its truce time in Nagaland an so taking advantage of it, the Union Petroleum and Natural Gas Ministry has hammered out an agreement with the Nagaland Government to resume operations in the State, under...

KOHIMA, Feb 27 — In order to contain spiralling overdraft from RBI and ever-increasing non-plan expenditure, Nagaland government has decided to enforce economy measures, including postponement of the release of development funds to various departments, with immediate effect, reports PTI. The State cabinet Tuesday reviewed the latest fiscal position of the State in the backdrop of increasing overdraft from the Central bank and decided that no additional allocation beyond the budgeted amount be given to any department except in unavoidable circumstances. State Finance Commissioner Lalthara...