Union Cabinet has approved capital infusion of 632 crore rupees in some Regional Rural Banks to improve their capital to risk waited assets ratio. The Cabinet approved 50 percent share of the Central government and also decided to extend the scheme of capitalization of weak Regional Rural Banks by another two years.
An official release said that all State governments have not contributed their share of capital to these banks. Deputy Governor, RBI Dr. Chakraborty recommended infusion of 1 thousand 1 hundred crore rupees in 40 Regional Rural Banks. 50 percent amount was to be provided by the Centre, 15 percent by the concerned state, and 35 percent by the respective bank.
The Cabinet also approved setting up of an autonomous organization North-East centre for Technology Application and Reach at an estimated cost of 292 crore rupees. The Centre to be set up at Shillong will be completed in 12th Plan period.
The objective of the centre is to promote deployment of carefully selected technologies emanating from the public funded research institutions under the government.
Showing posts with label North eastern region. Show all posts
Showing posts with label North eastern region. Show all posts
he Naga students Federation (NSF) has given a clarion call
to stop increasing influx of illegal Bangladeshi immigrants in Nagaland. He said that the students community will rise up and fight to protect the identity of Nagas.
Addressing a press conference at its headquarter in Kohima last evening, the NSF General secretary N. Ejanthung Ngullie appealed to both the Central and State Government to effectively implement the Inner Line Permit (ILP) and all other provisions under the law to prevent illegal immigrants from entering the state.
The Federation also demanded the Centre and the State to establish higher educational institutes and provide essential services in the state.
| clarion call | आह्वान |
Addressing a press conference at its headquarter in Kohima last evening, the NSF General secretary N. Ejanthung Ngullie appealed to both the Central and State Government to effectively implement the Inner Line Permit (ILP) and all other provisions under the law to prevent illegal immigrants from entering the state.
The Federation also demanded the Centre and the State to establish higher educational institutes and provide essential services in the state.
Labels: Bangladesh, infiltration, nagaland, North eastern region
Normal life was disrupted in North Eastern States of Manipur, Mizoram, Nagaland and Arunachal Pradesh due to a 12-hour bandh called by North East Students Organisation.
The bandh was organised to protest influx of illegal Bangledeshi migrants. They were also protesting against the harassment of students from the region in other parts of the country.
Our Correspondents report that shops, business esablishments, government and private offices apart from banks and educational institutions were mostly closed.
The bandh was supported by several other organisations from the region. Police has intensified patrolling in Dimapur town as a precautionary measure following a group clash in the Thahekhu village in Nagaland.
Addressing a rally in Guwahati this evening, the leaders of Student Organisations called for immediate detection and deportation of illegal Bangladeshis from North East.
The bandh was organised to protest influx of illegal Bangledeshi migrants. They were also protesting against the harassment of students from the region in other parts of the country.
Our Correspondents report that shops, business esablishments, government and private offices apart from banks and educational institutions were mostly closed.
The bandh was supported by several other organisations from the region. Police has intensified patrolling in Dimapur town as a precautionary measure following a group clash in the Thahekhu village in Nagaland.
Addressing a rally in Guwahati this evening, the leaders of Student Organisations called for immediate detection and deportation of illegal Bangladeshis from North East.
Labels: North eastern region, protest
All the 88 district headquarters in the North Eastern Region are proposed to be connected by 2-lane roads under the Special Accelerated Road Development Programme. SARDP
Minister of State for Road Transport and Highways Jitin Prasada said this in the Lok Sabha today.
In a written reply, he informed the House that so far 23 such roads have been built covering Assam, Manipur, Meghalaya and Nagaland.
29 new roads covering Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura are to be constructed, the Minister said.
Minister of State for Road Transport and Highways Jitin Prasada said this in the Lok Sabha today.
In a written reply, he informed the House that so far 23 such roads have been built covering Assam, Manipur, Meghalaya and Nagaland.
29 new roads covering Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura are to be constructed, the Minister said.
Labels: highway, North eastern region, SARDP
The Government has expressed it's commitment to support development of the North Eastern states and said it would help the states in raising loans from market.
Addressing a meeting of the Chief Ministers of North Eastern states in New Delhi yesterday the Finance Minister Pranab Mukherjee said if any State faced a problem on account of an undersubscribed market loan, the Centre would be ready to raise the loan within the permitted borrowing ceiling, and pass it on to the concerned state .
Mr Mukherjee also promised that the Finance Ministry would soon issue notifications to provide tax relief to industry in the region.
He further said that the Centre is aware of the special issues of the region, including a low base to mobilise resources and a geographical terrain that created challenges for communication and infrastructure development.
The Finance Minister appreciated the better fiscal management by most of the North Eastern States, as a result of which most States did not have to resort to overdrafts.( An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. If there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply.)
He also said that States Specific Grants recommended by the 13th Finance Commission would be released to ensure that the purposes of the grants were fulfilled without interruption.
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Home Ministry says, terrorism in the hinterland and communal situation remained by and large under control in 2011-12, except for the serial bomb blasts in Mumbai in July 2011 and bomb blast in Delhi High Court in September last year.
However, it says, Maoists violence, militancy in Jammu and Kashmir and insurgency in the Northeast continued to be the top areas of concern for the country's internal security with Left wing extremism claiming the most lives.
In its Annual Report, the Home Ministry said the North eastern region which has remained complex for quite some time because of diverse demands advocated by various militant outfits, has shown improvement in 2011.
It said the Government has adopted various counter terrorism strategies to neutralise the efforts and capabilities of militants to disturb peace in the country.
Labels: insurgency, Maoist, militancy, North eastern region, terrorism, violence
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