Economy / Tripura

AGARTALA, February 28: Long spells of drought, low price and poor demand have hit Tripura tea industry badly. According to the Tea Association of India (TAI), the Tripura tea industry is concerned over the acute drought situation prevailing from the beginning of 2001. Lack of any rainfall affected the plantations most, especially the young plants in the garden nursery. In many gardens, young tea leaves have dried up for non-availability of rain, it said. During last year by this time of the season, there was about four inches rainfall, whereas this year till date the rainfall recorded was only...

AGARTALA, February 26: Analysis of sand samples by the ONGC has revealed that there might be a major underground crude oil reserve in Tripura. ONGC chairman and managing director B.C. Bora said analysis of soil structure in the state after drilling showed signs of a major crude oil reserve. However, heavy pressure of natural gas has prevented deep drilling to confirm the existence of petroleum. The oil major is planning to conduct an intensive survey soon. ONGC group general manager P.K. Adak has been authorised to invite tenders from technically-equipped organisations for conducting the...

NEW DELHI, February 9: The Planning Commission Thursday approved a Plan size of Rs 560 crore for Tripura for 2001-02 after a meeting between Chief Minister Manik Sarkar and commission deputy chairman K C Pant, reports UNI. In his opening remarks at the meeting, Pant asked Tripura to cut administrative expenses and adopt a prudent fiscal policy to mobilise additional resources so that the central Plan assistance was fully utilised for developmental activities and creation of infrastructure, particularly communication, roads and power, an official press note said. The commission had approved ten...

NEW DELHI, August 19: The wind of investments blowing all over the country may have finally touched the Northeast following the exemption of central excise duty in the region. Two cigarette giants have submitted four proposals envisaging investments worth of over Rs 400 crore, of which Rs 313 crore are proposed to be invested in Assam. Just when the gloomy investments scenario in the Northeast was about to look up, the Centre's move to exempt excise duties in the region has been challenged, with the Tobacco Institute of India, an apex body of all tobacco manufacturers, questioning the...

GUWAHATI, August 4: The North Eastern Development Finance Corporation Ltd (NEDFi) has sanctioned projects amounting to Rs 554 lakh in Tripura, Mizoram, Manipur and Assam. An official release said the statewise allocation was: Mizoram Rs 156.30 lakh, Manipur Rs 156 lakh; Tripura Rs 105 lakh and Assam Rs 137 lakh. NEDFi has sanctioned Rs 144 lakh as term loan to Greenwood Hospital Pvt Ltd for setting up a 59-bed hospital in Bawngkawn, Aizawl. It is an existing hospital with 30 beds on rented premises and is the only private healthcare unit providing tertiary healthcare facility in Mizoram...