State

Tokheho urges Centre to revise allocation of funds for NER

DIMAPUR, JUL 9 (NPN) | Publish Date: 7/9/2019 11:35:22 AM IST

Lok Sabha MP, Tokheho Yepthomi urged the Centre to revise allocation of funds for the North Eastern Region (NER), pointing out that the total allocation of funds for the region under North Eastern Council and Non Lapsable Central Pool of Resources (NLCPR) had stagnated over the past few years. 

The stagnation of financial allocation would make it very difficult for the region to develop on a par with rest of the country, he added. 

In this regard, the Lok Sabha MP therefore urged Prime Minster Narendra Modi and Union Finance minister Nirmala Sitharaman to revise the allocation of funds for the North Eastern region in the coming days.

Participating in the debate on Union Budget 2019-20 in Lok Sabha on Monday, Tokheho also urged Sitharaman to hike the import duty on import of natural rubber to enable domestic rubber farmers to get a good price for their produce.

Highlighting the problems faced by natural rubber industry in the country, he stated that natural rubber farmers, especially in the South and Northeast, were facing difficulties due to increased import of rubber from Southeast Asian countries. 

He said there had been a sharp fall in rubber prices over the last few years due to low import duties, which resulted in decrease in domestic rubber prices.

Yepthomi also lauded the 2% tax on withdrawals of more than Rs one crore in a year, which would increase digital transactions and also aid in controlling black money. 

 

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