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Goa to receive Rs 350 crore central funds in next 5 years: Parrikar

A total of Rs 350 cr from mining and forest would be released to Goa which has to be used in 8 different talukas

Press Trust of India  |  Panaji 

Goa will get Rs 350 crore funds in the next five years to be spent on the mining belt in the state, Defence Minister Manohar Parrikar said. "There's Rs 150 crore pending with the Central government which will be released soon. This is the amount collected after levying 10 per cent tax on the profits earned by mining firms," he said referring to the Goa Iron Ore Permanent Fund. "Another Rs 50 crore is with the Central government after levying 10 per cent tax on the fresh extraction," the former chief minister said while addressing BJP's Vijay ...

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First Published: Mon, November 28 2016. 11:48 IST
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