TODAY -
Manipur: Funds insufficiency, low investments big hurdles
Indian Express | Imphal, Mar 12 ()
Classified as a special category state earlier, Manipur suffered a setback to its finances when the state lost the special status owing to the Fourteenth Finance Commission recommendations.
While presenting the Budget for 2016-17 last year, Chief Minister Okram Ibobi Singh acknowledged the hit on state’s finances due to restructuring of central assistance to the state. Even though higher devolution of taxes was positive for the state’s finances, it was not enough to meet the state’s Plan revenue expenditure, the Chief Minister had said.
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* This Post is uploaded on 13 March 2017
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