NEC cries for funds as new project launch gets affected - News Summed Up

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NEC cries for funds as new project launch gets affected


We have so many dream projects to implement, but there is no money, said North Eastern Council (NEC) Secretary Ram Muivah. The North Eastern Council is facing acute shortage of funds, hampering implementation of several of its dream projects like setting up of educational institutes, skill development centres and sports academies. So, we need more money," North Eastern Council (NEC) Secretary Ram Muivah said. "When NEC was established in 1972, the first year's fund allocation was Rs 500 crore, which was a big amount then. That means, only 30% of Rs 600 crore is left for new projects and this amount needs to be divided between eight states," Muivah added.


Source: dna November 28, 2016 05:36 UTC



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