Economy / Tripura

AGARTALA, April 18 ? Dogged by serious financial crisis, Tripura tea industry has demanded some positive steps from the State Government to save the gardens from inevitable closures. The Tea Association of India, Agartala branch, recently in a letter to Chief Minister Manik Sarkar outlined the problems that put the State?s tea gardens in the red. PK Sarkar, secretary of the TAI in his letter said, tea gardens in Tripura are running at losses for the last several years and now unable to come out of this situation without taking immediate corrective measures most of the gardens are on the ?verge...

AGARTALA, April 1 ? Tripura Government has announced revised payscale for Junior Engineers serving in four specific departments under fixed pay basis and slapped fresh duty on sale and marketing of foreign liquor in state, Information Minister Jitendra Chowdhury announced on Sunday. Chowdhury said the decisions were taken in a meeting of the council of Ministers, held Saturday night. Elaborating the decisions, Chowdhury said the Cabinet approved regular pay scale for Junior Engineers working under fixed pay salary in four departments including Agriculture, Rural Development, Power and Public...

AGARTALA, March 12 ? Tripura government has announced an incentives package to woo investors package to woo investors to the State. Industries Minister Pabitra Kar told a press conference today that the ?Tripura Incentive scheme-2002? will be operative from April this year for the next five years. The package includes provision of subsidy ranging from five per cent to 30 per cent in different industrial units and additional subsidy to the entrepreneurs belonging to scheduled caste, scheduled tribe, backward community and female entrepreneurs, he said. The package intends to provide reduction...

AGARTALA, March 5 ? In the annual budget for the year 2002-03 tabled in the State Assembly on Monday the Tripura Government sought to emphasise on agriculture and allied sectors keeping in mind government?s target to achieve self sufficiency in food grains production by 2010. Surprisingly, the allocation for Home in this militancy-torn State did not show much increase while stress apart from agriculture and infrastructure development was given on health, drinking water facilities, education etc. The no tax Rs 40.71 crore deficit budget tabled by Finance Minister Badal Choudhury pegged the...

AGARTALA, April 15: Institutional Finance Corporation of India Ltd (IFCI) has shown keen interest in investment in Tripura for industrialisation. Deputy general manager of the Institutional Finance Corporation of India Ltd (IFCI) AK Das on a four-day tour to study the prospect of industrialisation has assured financial help to the Tripura government and the entrepreneurs eager to set up industrial units in the state. Das called on the Industries Minister at secretariat Thursday and during the meeting Kar is learnt to have told the IFCI DGM that Tripura is rich with vast natural resources but...

AGARTALA, March 31:The sharp increase in municipal taxes on all heads in the budget for the coming financial year has created serious resentment. The Opposition parties have decided to launch an agitation against the tax hike. Agartala municipal council chairman Shankar Das placed a budget of Rs 21.49 crore for the council for the coming financial year. For the first time, the municipal budget showed a rise in taxes and service charges from 50 to 100 per cent in almost all sectors, including maintenance of pet animals, the charge for which has been doubled. Das justified the hike in taxes and...

AGARTALA, March 25: The nationalised banks in Tripura have come under severe criticism for poor disbursement of loans and other financial advances for developmental activities in the State. The credit deposit ratio which is an indicator of the banks' role in development in the State economy, in Tripura depicts a dismal picture. The credit deposit ratio in the State and the role of the nationalised banks have once again opened the Pandora's Box as they have come under severe criticism for failing to adhere to the guidelines of the RBI. The issue was also raised in the last Assembly session...

AGARTALA, March 6: Tripura Chief Minister Manik Sarkar has sought Prime Minister Atal Bihari Vajpayee's intervention in the controversy arising out of the withdrawal of central Excise duty exemption for setting up industries in the Northeast. A section of local entrepreneurs alleged that tax benefits were being cornered by unscrupulous investors from outside the state. Official sources here said during his visit to Guwahati on December 24, 1997 the then Prime Minister Inder Kumar Gujral had announced an incentive package for setting up industries in the Northeast. The Union finance ministry...

AGARTALA, March 6: Tripura Finance Minister Badal Choudhury presented a non-tax deficit State Budget for the year 20001-2002 yesterday in Assembly. The deficit has been estimated to be Rs 106.91 crore. The size of the Budget is Rs 2892.49 crore which is higher than the previous year's Budget by 19.3 per cent. The Budget showed receipts of Rs 2618.06 crore. On the other hand, Rs 2724.97 crore has been estimated as the total expenditure. The salient feature of this year's Budget is that emphasis is being laid on school education with a Budgetary allocation of Rs 428.38 crore which is 16 per cent...

AGARTALA, March 5: Tripura finance minister Badal Chowdhury today presented a tax-free budget of Rs 2724.97 crore, leaving an "uncovered" deficit of Rs 106.91 crore for the year 2001-2002. Finance secretary Debasish Sarkar said the government would try to augment collection of revenue and launch an austerity drive to slash expenses. The finance minister also presented a supplementary budget of Rs 116 crore to make up for the shortfall in the outgoing financial year's allocation. However, Sarkar claimed that the supplementary budget for the outgoing financial year was tabled because of the...