Budgetary allocation to NE states to be increased by 21 pc

NEW DELHI, Feb 1: The government’s development initiatives in the northeastern states got a major budgetary push on Friday as Finance Minister Piyush Goyal proposed to increase the allocation to the region by 21 percent to Rs 58,166 crore in the interim budget for 2019-20.
Presenting the interim budget 2019-20 in parliament on Friday, Goyal said the people of the Northeast have also received significant benefits of infrastructure development.
“The allocation for the northeastern areas is being proposed to be increased by 21 percent to Rs 58,166 crore in 2019-20 budget estimates over 2018-19,” he said.
The finance minister said the government will introduce container cargo movement to the Northeast by improving the navigation capacity of the Brahmaputra river.
The budget allocation for some of the major schemes being implemented in the Northeastern region is: Rs 580 crore for various schemes of the North Eastern Council, Rs 931 crore under the Central Pool of Resources for Northeast and Sikkim, Rs 674 crore under other subsidy payable including for northeastern region, and Rs 1,700 crore for refund of central and integrated GST to industrial units in the northeastern region and Himalayan states. (PTI)