Arunachal to be compensated for loss due to denial of externally aided funds says NITI Aayog

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New Delhi, June 15: Arunachal’s Chief Minister Nabam Tuki in a meeting with the Niti Aayog took up the issue of Arunachal Pradesh being deprived of Externally Aided Funding from agencies such as World Bank and Asian Development Bank.

In the meeting NITI Aayog has said that Arunachal will be compensated for the loss incurred due to denial of the externally aided funding. Tuki  had called on NITI Aayog Vice Chairman Arvind Panagariya and CEO Shindhushree Khullar at Yojana Bhavan on Friday and discussed various issues pertaining to the state budget and its share of budgetary allocations from the Center.

The NITI Aayog Vice Chairman assured the Chief Minister that an alternative mechanism will be devised to compensate for this loss. 

The Vice Chairman also assured that Arunachal Pradesh will gain from the recommendations of the Fourteenth Finance Commission wherein Forest Cover and geographical area was assigned a weightage of 7.5 per cent in devolution of funds. Panagariya said that this will ensure sustainable development and benefit the state in the long run.

The Vice Chairman appreciated the State Government for coming up with the Arunachal Vision 2030 document and assured the Chief Minister that NITI Aayog will render all possible guidance and expertise for preparation of the Vision document, news agency The Arunachal Times reported.

NITI Aayog CEO Khullar appreciated the various fiscal consolidation measures taken by the State Government to maintain fiscal discipline in the state amidst severe financial constraints.

They discussed in length the tentative allocations for the upcoming State Budget to be presented in the first week of July. After detailed consultations, it was agreed to go for a Budget of around Rs. 10200 crore for the financial year 2015-16.

It was further decided that an official level consultation will be held next week under the aegis of the NITI Aayog with the Chief Secretary and other officers of the state to discuss the fiscal consolidation scenario in the state. They also discussed the status of important infrastructure projects in the state and other Central Sector Schemes.

Vice Chairman Panagariya and CEO Khullar assured the Chief Minister of the support of the NITI Aayog to streamline major projects like the Trans Arunachal Highway, Greenfield Airport and Hydro Power projects.

NITI Aayog will soon hold meetings with concerned Ministries and implementing agencies to sort out the pending issues related to these projects. Advisor North East and Advisor Infrastructure of the NITI Aayog were also present in the meeting.

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