Financial condition improves
Source: The Sangai Express
Imphal, October 20 2012:
Though the incumbent Government endured severe financial difficulties as there was a budget deficit of Rs 400 crores at the beginning of the current fiscal, financial condition of the State has been steadily improving over the months.
The Government has also allowed release of funds sanctioned in April this year.
According to an official source, the Government's strict measures under which no funds were released except for payment of salaries, loan interests and purchase of power have started giving positive results.
Along with improvement in the State's financial condition, the Finance Department has started releasing funds sanctioned to different departments in April this year.