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State received Rs.1123.37 crore
Correspondent KOHIMA, SEPT 9 (NPN):
Published on 10 Sep. 2008 1:58 AM IST
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Chief Minister Neiphiu Rio who also holds the finance portfolio today informed the State assembly that the State government had received Rs. 1123.37 crore during the current financial year till date from the Centre. In his written reply to Congress MLA I. Imkong, the chief minister also gave a break-up of the cash receipts: State’s share in Central Taxes - Rs. 16,820 lakhs, Normal Central Plan Assistance –Rs. 23,642.50 lakhs, Revenue Gap Grant - Rs.48,670 lakhs, Loans From Small Savings - Rs.9 lakh, Additional Central Plan Assistance - Rs.4,530 lakhs, Twelfth Finance Commission (TFC) - Rs.3,018 lakhs, Modernization of Police Forces - Rs. 2329.56 lakhs, Non-Lapsable Central Pool of Resources (NLCPR)- Rs.1,043.18 lakhs, North East Council Schemes (NEC) – Rs.2818.94 lakhs and Centrally Sponsored Schemes (CSS) - Rs. 9455.67 lakhs. In another written reply to Congress MLA H. Chuba, the Finance minister said the total financial deficit as on March 31, 2008, stood at Rs. 143.31 crore as per RBI account. However, the effective deficit including the backlog was Rs.376.67 crore, Rio said and added normally the financial deficit of the state was calculated on the basis of financial year ending. The State government had a positive cash balance of Rs.138.54 crore as on July 31, 2008, as per RBI account. nonetheles, cash balance at a particular point of time was not necessarily a reflection on the financial deficit or surplus, which were normally calculated at the end of financial year, the chief minister clarified. He also informed that deficit was “unavoidable” due to lack of State’s resources. Rio however assured that the government was making all efforts to improve the financial position of the State.

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