Gogoi urges Centre to release pending funds to state

Image
Press Trust of India Guwahati
Last Updated : Jun 11 2015 | 8:07 PM IST
Assam Chief Minister Tarun Gogoi today urged the Centre to initiate steps for the release of Rs 20,193 crore pending to the state to carry on developmental works.
Submitting a memorandum to Union Finance Minister Arun Jaitley in New Delhi, Gogoi said the amount has been pending from various departments and oil companies.
"I request you (Jaitley) to kindly consider the matters favourably on urgent basis," Gogoi said in the memorandum which was made available to the media here.
Out of the total amount, Rs 10,000 crore are the royalty due from oil companies and Rs 9,188 crore will be the anticipated loss during 2015-16 due to cut in budgetary allocations to the state.
Also, Rs 1,254 crore of the central sales tax compensation from 2010 to 2013 along with Rs 471 crore of balance grants under 13th Finance Commission have been mentioned in the memorandum as due amount.
"I would like to draw your kind attention to the inordinate delay in release of funds to the state government from the Centre.
I had also submitted a Memorandum to you on May 11, 2015, highlighting the concerns of the state and issues which need your intervention.
"As there is no progress in these matters and in view of the reduced budgetary support of Central Government, I would like to bring out these issues again to your kind notice for early and positive consideration," Gogoi said in the Memorandum to the Finance Minister.
The Chief Minister also requested Jaitley to increase budgetary allocations and financial support to the state at least by 12-15 per cent in the current year compared to the allocations for the year 2014-15, in view of increasing demand for development and inflation.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 11 2015 | 8:07 PM IST

Next Story