The Nagaland Federal Government Is Currently Dealing With “financial Crunch” In The Wake Of The Coronavirus-triggered Lockdown And Finding It Tough To Pay Incomes To Its Staff Members, An Official Said On Saturday.
PTI|Upgraded on: 02 May 2020, 10: 56: 09 PM
Chief Minister Neiphiu Rio (Picture Credit: Submit Picture)
The Nagaland federal government is currently dealing with “financial crunch” in the wake of the coronavirus-triggered lockdown and discovering it hard to pay incomes to its workers, an official stated on Saturday.Chief Minister Neiphiu Rio has actually just recently composed a letter to the Prime Minister Narendra Modi, looking for an unique dispensation to help the state tide over the crisis, Extra Chief Secretary and Financing Commissioner Sentiyanger Imchen stated.
The state federal government has actually approximated that its existing month-to-month invoice is at Rs 732.22 crore while overall expense consisting of incomes, pension, interest payments, power purchase and other repeating expenditures total up to Rs 811.84 crore, leading to a deficiency of Rs 79.62 crore monthly, Imchen stated.
“With such huge shortfall in our revenue, I am concerned that we may struggle to pay even salaries and pensions,” Rio stated in the letter.He likewise advised the prime minister to “release the pending fund of Rs 529 crore under the Special Plan Assistance which the NITI Aayog has already cleared”.
“It is clear that the shortfall in the coming months may be higher than what we have initially anticipated,” Imchen said.One individual from Nagaland had actually evaluated favorable for COVID-19 in Assam however no coronavirus case has actually been reported in the state, the official stated.
The financing commissioner stated the state federal government has actually been taking numerous efforts and invested Rs 30 crore from its own resources to deal with the outbreak.The state has actually up until now gotten Rs 7.42 crore from the Centre and Rs 3 crore from the North Eastern Council to combat the COVID-19 pandemic, he added.
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First Released: 02 May 2020, 10: 56: 09 PM
The post Lockdown: Nagaland faces ‘financial crunch’; seeks Centre’s help appeared first on World Weekly News.