Mizoram having civil deposit of Rs 1602.34 cr

Image
Press Trust of India Aizawl
Last Updated : Mar 29 2016 | 3:13 PM IST
Mizoram government was having civil deposit to the tune of Rs 1,602.34 crore during 2014-15, state Finance Minister Lalsawta informed the assembly today.
In a written reply to a query from Lalruatkima of the Mizo National Front (MNF), Lalsawta said different department's under the state government were compelled to deposit certain amount of money in civil deposit to avoid fund lapse and overdraft with the Reserve Bank of India.
He said that the state government had civil deposit amounting to Rs 1,168.84 crore during previous fiscal of 2013-14.
The government has been attempting to avoid stashing large amount of money in the civil deposit and rather tried to implement the recommendations of the committee constituted by the government to study civil deposit, he said.
He added that the public debt and liabilities of the state government during 2015-16 was to the tune of Rs 6,977.13 crore.
*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: Mar 29 2016 | 3:13 PM IST

Next Story