You are here: Home » Interim Budget 2019 » News
Business Standard

Interim Budget 2019: Allocation to North East states to be increased by 21%

Goyal said Arunachal Pradesh has come on the air map recently and Meghalaya, Tripura and Mizoram have come on India's rail map for the first time

Topics
Budget 2019  |  Railway Budget  |  Interim Budget 2019

Press Trust of India  |  New Delhi 

Finance Minister Piyush Goyal
Finance Minister Piyush Goyal | Photo: @ANI

The government's development initiatives in the Northeastern states got a major budgetary push Friday as Finance Minister Piyush Goyal proposed to increase the allocation to the region by 21 per cent to Rs 58,166 crore in the interim budget for 2019-20.

Presenting the interim budget 2019-20 in Parliament Friday, Goyal said the people of the Northeast have also received significant benefits of infrastructure development.

"The allocation for the Northeastern areas is being proposed to be increased by 21 per cent to Rs 58,166 crore in 2019-20 budget estimates over 2018-19," he said.

Goyal said Arunachal Pradesh has come on the air map recently and Meghalaya, Tripura and Mizoram have come on India's rail map for the first time.

The finance minister said the government will introduce container cargo movement to the Northeast by improving the navigation capacity of the Brahmaputra river.

Goyal said the projects stuck for decades like the Bogibeel rail-cum-road bridge in Assam and Arunachal Pradesh have been completed. With the commissioning of the Pakyong airport in Sikkim, the number of operational airports in the country has crossed 100, he said.

The budget allocation for some of the major schemes being implemented in the Northeastern region is: Rs 580 crore for various schemes of the North Eastern Council, Rs 931 crore under Central Pool of Resources for Northeast and Sikkim, Rs 674 crore under other subsidy payable including for North Eastern Region and Rs 1,700 crore for refund of Central and Integrated GST to Industrial Units in Northeastern region and Himalayan states.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, February 01 2019. 16:15 IST