Breaking News
Nagaland Post Logo
You are here:  Skip Navigation LinksHome » Show story
Allocation for NE raised to Rs.1, 760 cr
New Delhi, Feb 26 IANS)
Published on 27 Feb. 2010 12:55 AM IST
Print  Text Size

: The expenditure for development of the northeast region of India has been raised to Rs. 1,760 crore for 2010-11, up 19 percent from the revised budget of the previous fiscal. The revised budgetary allocation for the fiscal 2009-10 was Rs. 1,475.21 crore and for this year it has been hiked to Rs. 1,759.33 crore, Finance Minister Pranab Mukherjee proposed in the budget presented in the Lok Sabha Friday. Nearly Rs. 623 crore have been earmarked for the “schemes to ensure integrated socio-economic development of the eight states of north eastern region”, according to the plan document. At least Rs. 5 crore have been earmarked for construction and improvement of roads of economic importance to be carried out through the Border Roads Organisation (BRO). Central pool of resources will give funds to the tune Rs. 800 crore through loans for viable infrastructure projects and schemes in the region. The central government has a separate ministry for the development of northeast region comprising Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura. Sharing over 2,000 km of boundary with Nepal, China, Bhutan, Burma and Bangladesh, many states in the region have been battling insurgents for decades.

Comments:(0) Login or Register to post your Comment
(Available for registered users only)
More News