13.2 C
Imphal
Friday, February 26, 2021
No menu items!

Nagaland Chief Minister says Budget is ‘people friendly’

Addressing the media after presenting the Budget for the year 2021-2022 at the Nagaland Legislative Assembly, Rio stated that the budget was prepared with special focus on Agriculture and Allied sectors and to make the State self-sustaining economy.

Must Read

India reaffirms importance of special strategic ties with Russia

New Delhi: Reaffirming the importance that India attaches to the special and privileged strategic partnership with Russia, Foreign Secretary...

Three new COVID-19 cases, one recovery in Meghalaya

Shillong: Three new COVID-19 cases were detected and one more person has recovered from the viral disease were recorded...

Manipur media to cease work from tomorrow; militant group given 48 hrs to clarify stand on threat to ‘Poknapham’

Imphal: Strongly denouncing the threat and intimidation by a militant group on local vernacular daily, ‘Poknapham’, not just hurling...

Kohima: Nagaland Chief Minister and Minister in Charge of Finance Neiphiu Rio on Thursday presented the Budget for 2021-2022 and hailed it as people-friendly.

Addressing the media after presenting the Budget for the year 2021-2022 at the Nagaland Legislative Assembly Thursday, Rio stated that the budget was prepared with special focus on Agriculture and Allied sectors and to make the State self-sustaining economy. COVID-19 has brought out our dependence on supplies of even basic food items like food grain, fruits, vegetable etc from outside the State and the Government is working out measures to ensure self-sustenance in the long run.

- Advertisement -

He also added that the austerity measures taken by the Government have managed to cut down on Government expenses amounting to about Rs 400 crore.

The Chief Minister also stated that the State was losing so much of revenue on the power sector and is a matter of urgent public importance as the Department has been running at a deficit and was of the opinion that to derive tangible improvements in the Government sector and enhance the revenues, this budget is setting in motion the process of outsourcing and privatisation in the Power, Transport and Water Supply sectors.

This will focus on increasing participatory partnerships with the private sector, especially source owners in water supply, increase economic benefits to the stakeholders as well as the general public and at the same time, it will also help to reduce the recurring expenditure of the Government and bring down expenditure to give room for investment in more pressing areas, he added. With agency inputs

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

India reaffirms importance of special strategic ties with Russia

New Delhi: Reaffirming the importance that India attaches to the special and privileged strategic partnership with Russia, Foreign Secretary...

More Articles Like This