Thomas Isaac on Wednesday said Rs.1,267 crore will be allocated for a slew of schemes related to road and bypass development, construction of bridges, drinking water, irrigation, flyovers, rail over bridges, and stadiums under the proposed Special Investment Project. Correcting his statement in his budget speech relating to recruitment, Dr. Isaac said there would be no ban on recruitment at all. The Minister also allocated Rs.5 crore for a technical assistance fund to meet the expenses of preparing detailed project reports for various schemes mentioned in his budget speech. Replying to the three-day general debate on the revised budget in the Assembly, Dr. Isaac said that Rs.70 crore on an average had been allocated for the development of 140 Assembly constituencies. The funds mobilised through such financial instruments would be used exclusive for infrastructure projects.

Source: The Hindu July 14, 2016 00:12 UTC