Skip to main content

Ibobi presents tentative state budget estimate of Rs. 4550 crore

IMPHAL, Mar 17: The state budget estimate of Rs. 4550 crore for the year 2009-10 was tabled before the Manipur State Assembly by the finance minister in charge, chief minister Okram Ibobi Singh today.However, the chief minister qualified his statement saying that the provisions under plan are tentative as the plan outlay for the state for 2009-10 has not yet been finalised as the final round of discussions with the deputy chairman, Planning Commission, are pending on account of the announcement of the elections.Under the circumstance, the estimate would have to be revised through supplementary demands when the outlay is finalised, he said.The chief minister said of the total of Rs 4550 crore total estimated expenditure, Rs. 1733 crores would be under plan, Rs. 2592.79 crores under non-plan and Rs 224.21 crores under Centrally sponsored schemes, Central plan schemes and NEC schemes.“As these estimates will be subject to the finalisation of the Central Budget for Non-Plan, Plan and CSS transfers the detailed Demands for Grants for 2009-10 will be placed in the full budget session later.” He said.He said out of the Budget Estimates, an amount of Rs 461.98 crores is charged expenditure and the remaining amount of Rs 4088.02 crores is Voted Expenditure.Giving a broad overview of the state economy, the chief minister said the economic growth in the state has gathered momentum in the last 7-8 years after relative stagnation.He said during the 10th Plan Period (2002-207) the annual average growth rate of the Gross State Domestic Product, GSDP, at current prices has shown a growth of 9.74 percent.The engine behind this growth were construction, trade, hotels & restaurants, banking & insurance and public administration, he said adding that in particular the construction sector recorded over 100 percent growth during he period.The chief minister said the economy slowed down a little during 2006-2007 and during 2007-2008 and this had caused his government worries. He said his government is committed to the economic philosophy that only sustained accelerated economic growth can place the state on a sound economic and fiscal footing.He pledged that reversing this trend and bringing back the state economy on the path of accelerating growth once again is his government’s commitment.He however showed apprehension that things may not be totally under the control of his government given the circumstance that nearly 90 percent of the state’s revenue receipts compromises of transfers from the Centre, hence depending on how badly the revenue collection of the Central government is affected by the global recession, the shares of the states may suffer reciprocally.He however expressed hope that the swift measures taken by the Central government to meet the global crisis would be adequate for the country to recover and return to the path of growth and poverty reduction. (IFP)

Comments

Popular posts from this blog

KCP(MC) is the proxy of security forces, say KYKL and UNLF

IMPHAL, May 30: The KYKL and the UNLF, in a joint communique to the press condemned the bomb explosion at the RIMS within the office complex of the institute`s director, Dr. Fimate, calling it an act of terrorism calculated to tarnish the image of the revolutionary movement in the state.The joint statement said, intimidating the sick and ailing is an unforgivable act of inhumanity, adding that under humanitarian norms hospitals are spared even during the most bitter wars.The two underground organisations said the pattern of these assaults by the KCP(MC) should have made it clear to everybody by now that the KCP(MC) is the masked proxy of the Indian forces with an agenda to alienate the revolutionary campaign waged by revolutionary organisations from the people.It however said this campaign by the "Indian Occupational Forces" would boomerang on it sooner than later.Explaining further, the two outlawed groups said the KCP(MC) is now holed up within the IG (AR) South headquarte...

Grasshoppers a treat, not threat: Agri Dept

State Department of Agriculture has set at rest speculations of imminent famine and other dark forebodings due to current invasion of the long-horned grasshoppers (Tettigonidae family) in Nagaland. The department has, on the other hand, suggested consuming the edible winged creatures by the population at large as a first towards biological pest management and getting rid of the grasshopper.“Many insects are consumed as delicacy in different parts of the world. They have rich nutrient value such as protein, fats minerals and vitamins,” stated a press release issued by Director of Agriculture. The department said the commonly edible insects include grasshoppers, crickets, grubs, caterpillar beetles, winged termites, wasps and bee larvae, ants, cicadas, stink bugs and aquatic insects. The nighttime hunting of hoppers by the local populace is not new either.“Similar incidences are reported in East Africa where with the introduction of street lights into towns has revolutionized the tettigo...

Sazo challenges students to liberate backward tag

ZHAVAME, JAN 22 (NEPS): Parliamentary Secretary for Social Welfare and Women Development, Chotisuh Sazo said the Nagas had a very rich and diverse culture and further explained that among the Nagas, the “Chakhesangs are privileged to possess a very rich culture.” He was speaking as Cultural Guest at the Cultural Session function held here at Zhavame Village under Phek district on the closing day of the 4-day 63 rd General Conference of the Chakhesang Students Union (CSU) today. “Our culture has been enriched by the successive waves of migration which brought with them different cultures resulting in an eclectic mix that we proudly own today,” he said. “Our physical, religious and racial variety is reflected in our culture. This vast cultural diversity is manifested in the attires, customary practices, languages, relics, etc.” Stating that the “Chakhesangs are excellent breed,” Sazo said “We are called Chakhesang neither by accident nor by temporary arrangement but by blood.” “I...