TODAY -

Manipur likely to suffer tax losses of Rs 800 Cr
CM presents Budget Estimates for 2024-25

Source: The Sangai Express

Imphal, February 28 2024: The Government remains committed to safeguarding the territorial integrity of Manipur and protecting the lives of all its citizens, said Chief Minister Biren Singh as he addressed the 5th Session of the State Assembly today.

Presenting the Budget Estimates for 2024-25 (Vote-on-Account), N Biren said this financial year has been one of the most challenging years the State has faced.

He grieved the loss of lives and saluted the "brave security personnel" who have laid down their lives and got injured in the line of duty.

Reflecting the socio-economic impact of the present violent conflict in Manipur that has crossed 9 months and 26 days, N Biren said the State may suffer tax losses to the tune of Rs 800 crore this year.

"As per our calculation, we may suffer tax losses to the tune of Rs 800 crore this year.

"This does not include the overall impact on the economy of the State.

The actual impact will be known when the State GDP figure is finally reconciled with the Government of India," N Biren said.

Amid the crisis, he said the Government has substantially increased expenditure on relief and security measures.

The State Government is in constant communication with the Central Government for additional support to help the State tide over the current resource shortage issues, he added.

Budget

The Budget proposed a total expenditure of Rs 34,040 crore out of the Consolidated Fund of the State.

Total Revenue Expenditure is estimated at Rs 20,246 crore and Capital outlay is estimated at Rs 8,155 crore.

The Fiscal deficit is estimated at Rs (-) 2344 crore.

This is (-) 4.45% of the GSDP (Gross State Domestic Product) .

The total outstanding debt for 2024-25 as a percentage of GSDP is projected at 32% .

The Gross State Domestic Product (GSDP) for 2024-25 is estimated at Rs 52,711 crore.

On Revised Estimate 2023-24, CM said, in the Budget Estimate 2023-24, total expenditure was estimated at Rs 35022 crore.

The total expenditure during RE 2023-24 has been revised to Rs 32591 crore.

Revenue receipts and capital receipts were estimated at Rs 27547 crore and Rs 6583 crore respectively in Budget Estimates 2023-24 .

This has now been revised to Rs 23627 crore and Rs 8000 crore respectively in RE 2023-24 .

All overall receipts and expenditure figures are inclusive of Ways and Means Advances and Repayments.

N Biren said taking into account all receipts and expenditures, the current year is expected to have a budgetary deficit of Rs (-) 962 crore in RE 2023-24 as against the deficit of Rs (-) 890 crore in BE 2023-24 .

The fiscal deficit for 2023-24 (RE) is projected at Rs (-) 2235 crore, which is (-) 4.91 % of GSDP.

In spite of limited revenue sources, the State Government has "not failed" to fulfil its promises.

During 2022-23, the State spent almost Rs 5793 crore on important social sectors.

This is an increase of about 20% in comparison to the previous fiscal year, N Biren said.

Fiscal year 2022-23 also saw higher expenditure on asset creation at Rs 3356 crore.

This is an increase of almost 100 percent from the expenditure incurred on the item during financial year 2017-18, the first year of the BJP Govt's previous term.

As Government expenditure accounts for more than 70% of our State Gross Domestic Product, it is "our commitment" to continue financing various activities to support the State's economy, N Biren said.

"We have shown that we are resilient despite the heavy odds and difficulties, and I believe that we will become stronger and better.

Challenges will come and go but how we respond to such challenges is what matters most," N Biren said as he expressed solidarity with people who have lost members of their families in the conflict.

Since the outbreak of unrest in the State, the Central Government has approved an amount of Rs 400 crore for immediate relief to the State, in addition to many other forms of support.

This immediate relief support includes daily rations, management of relief camps, construction of prefabricated structures, cash transfers for daily needs to inmates, nutrition and personal hygiene support etc, said N Biren.

The Government, he said, is also providing necessary support to rehabilitate those who have been affected by providing funds for construction and repair of permanent houses.

Compensation for crop loss for farmers has been approved by the Central Government, and is being disbursed through Direct Benefit Transfer, he said.

With security cover provided by 2,500 IRB personnel, agriculture activities in the fringe areas have been completed.

About 350 metric tonnes of Rabi crop seeds have been provided as alternative crops to farmers, who are residing in relief camps and affected by water scarcity.

In addition, the Government has announced a Farmer Livelihood Support Scheme, he added..

The Chief Minister also talked about various schemes and initiatives that have been taken up by the Government for people including students residing in relief camps.

While speaking on various schemes and projects, the Chief Minister dwelt on various Externally Aided Projects (EAPs).

While the State previously had 4 projects under implementation, loan agreements for 2 new projects have been signed, and another one is ready for signing, he said.

Advance procurement has started for one project and another 2 projects are in advanced stages of approval, he added.

The Lamphelpat Water Rejuvenation Project, with a cost of Rs 650 crore being funded by the New Development Bank, upon completion will serve as a reservoir for excess rainwater and prevent flooding in Imphal city to a large extent.

It will also serve as a water reservoir for emergency use, as well as provide a 'green open space' for recreational activities, he said.

In addition, the loan agreement for the Imphal Sewerage Project Phase-II has been signed this financial year.

The project cost is about Rs 1200 crore and will provide much needed sewerage services to the people living in the ever expanding and growing capital city, the CM said.

The upcoming projects, for which necessary approvals have been received and are in various stages include (i) Manipur Infotech Development Project, (ii) Sustainable Loktak Lake Restoration, Eco-Tourism and Livelihood Improvement Project (iii) Imphal Ring Road Project (iv) Manipur Urban Road, Drainage and Asset Management (Concrete roads) Project.

Overall, the total cost of the Externally Aided Projects which are ongoing and are ready amount to more than Rs 9000 crore, N Biren said.

N Biren Singh presented the Demands for Supplementary Grants for the year 2023�2024 amounting to Rs 3546 crore covering 26 Demands and 2 Appropriations.


* Comments posted by users in this discussion thread and other parts of this site are opinions of the individuals posting them (whose user ID is displayed alongside) and not the views of e-pao.net. We strongly recommend that users exercise responsibility, sensitivity and caution over language while writing your opinions which will be seen and read by other users. Please read a complete Guideline on using comments on this website.




HEADLINES - 29, FEB 2024
  • Decrying non-initiation of action against assault and abduction of police officer...
  • Protests demand rollback of SoO
  • 219 killed so far in ongoing clash
  • Cong demands discussion on present unrest
  • TSA rebuffs KIM
  • Arms down stir leaves many vulnerable
  • Appoint new TA Minister : Naga MLAs
  • Infant returned to biological mom
  • Manipuri Sahitya Parishad Jiribam observes 51st foundation day
  • Integrated communication and outreach programme on SVEEP organised
  • Pariksha Pe Charcha programme conducted
  • Free heart disease screening camp held
  • Media sensitization workshop conducted
  • MoU signed to boost coopearative societies
  • Sit-in staged
  • NIA Court grants bail
  • Organisations submit recommendations
  • Chief Minister launches projects
  • Indian Army organises Ex-Servicemen rally
  • Sit-in, rally reiterate anti-SoO, pro-NRC stand
  • 10 Kuki MLAs skip session
  • Eight from state named for Sangeet Natak awards
  • CM tables ₹34,040 cr Budget Estimates
  • Economy in dire straits: Dr Chinglen Maisnam
  • Malem resumes hunger strike
  • CM urged to appoint new TA&H minister
  • KIM claim infuriates Thadou student body
  • MPS officers, commandos surrender arms
  • Ration supply to IDPs resumes
  • Governor underscores peace efforts, development
  • JSB appeals for normal functioning of DA
  • Heated arguments disrupt House on first day
  • Collective effort must to restore normalcy: TAKDAL
  • House condoles ex-Governor, members; crisis victims
  • Sit-ins demand NRC, SoO end; release of VDFs
  • Community leaders seek solution to crisis
  • SHRI conducts heart screening camp in Tripura
  • State observes National Science Day-2024
  • Senapati transporters agree to withdraw stir
  • Accused in Chingarel incident get bail
  • Illegal immigrants brought in for vote banks: Maheshwar
  • SAI bids farewell to retirees
  • Infant girl reunited with biological mother
  • Legal awareness camp for nurses held
  • MASTEC, NIELIT observe National Science Day
  • KUM to honour meritorious students
  • MSP celebrates 51st foundation day
  • Kanglei Food joins national fair
  • House handed over to bereaved family
  • Training on cereal crops conducted
  • Sit-ins protest bomb threat, gun attack
  • Blood donation camps conducted
  • ESM rally, meeting held In Senapati, Noney
  • Five-day workshop for IDPs begins
  • Search ops continue, weapons recovered
  • MLA inaugurates Kakching Ethel canal shutter
  • AR pays tribute, holds medical camp
  • LATEST IN E-PAO.NET
  • 50 years of Pebet @MCA #1 : Gallery
  • Violence in Manipur 2023-2025 : Timeline
  • Kwatha Pham Kaaba :: Movie Review
  • Calls for Resignation of Amit Shah
  • Meitei eschatological belief & ethnic struggle
  • Stop border fencing & restore FMR
  • Failing in a competitive exam is not the end
  • Patra, Bhalla : Men of the moment
  • Warning to social media users amid unrest
  • Gaan-Ngai @Chaopok village #2 : Gallery
  • Imagi Sorat :: Shumang Leela Synopsis
  • Daily Habits & Mindsets of High Achievers
  • Coerced legislators' resignations
  • Right wing policies threaten gender equality
  • The fall of the AAP
  • Moving fast but to which direction
  • Onus on centre to restore order in state
  • 5 flowering plants newly recorded
  • Kangleipak's Unwavering Soul :: Poem
  • Make books & newspapers your companions
  • Pulses for a diverse agriculture
  • Exam warriors redefined
  • Sheeba Chaddha at Guwahati Asian Film Fest
  • Resignation of CM sinking in
  • Resignation unlikely to help restore normalcy
  • Manipur Statehood Day @ 1st MR : Gallery
  • Mahakumbh : Not just a religious gathering
  • Nepal with largest pictorial health warnings
  • Is war profitable market for arms manufacturer
  • Our CM & party resurrected BJP in Delhi
  • Assamese Play 'Comfort Women'
  • Reading into the resignation reality
  • No stormy session for now
  • Tarao Harvesting Fest @Chandel #6 : Gallery
  • Talheibi, Ningchui, Loyalakpa : eMing
  • 'Vande Bharat' Dream
  • NSS Orientation Programme at MU
  • The influence of the Golden Triangle
  • The Power of Poppy - 68 :: Poem
  • Prasanna Vithanage at Guwahati Film Fest
  • Md Alimuddin, celebrated Sagol Kangjei player
  • Condemnation of Armed Football Match
  • Webinar: KM3NeT Mediterranean experiment
  • Redefining Cancer care: People-centered
  • How thought leadership can propel your career
  • The Science of Success : Attitude #3
  • Guwahati Asian Film Fest : Day 1
  • Of guns and football
  • Armed men playing football, taunting Govt
  • 76th Republic Day @ Kangla #3 : Gallery
  • Epom Amadei Ithak - A theatrical revisit
  • Economy of the dynamic global landscape
  • Is the Bhagavad Gita relevant today ?
  • Healthy hair in Winter
  • Guwahati Asian Film Festival (GAFF) 2025
  • From the battlefields to Delhi
  • Speculations on replacement of Chief Minister
  • 12th Legislative Assembly #2 : Gallery
  • Education & its disjuncture in Manipur
  • HUN-Thadou Cultural Fest 2025 : Theme
  • Coo :: Poem
  • Agartala Coach : India U-19 Women Cricket
  • The story of the village of hope
  • Career choice in wetlands
  • CM in Delhi to meet Shah
  • After failed plastic ban bid, on brickfields
  • New catfish species discovered in Chakpi
  • Love, Unsure :: Poem
  • Manipur's border battles: Deeper conflict
  • A world without leprosy
  • Origin of corruption & possible remedies
  • The question of life
  • 'Sereki' unveils Majuli-themed campaign
  • Posers over summons to Delhi
  • Addiction-free campaign
  • Mera Chaorel Houba @Kangla #5 : Gallery
  • Manipur : Champions Jr Natl Sepaktakraw
  • Effective Unified Command approach
  • Saurashtrian Tamils
  • Accepting the change :: Poem
  • From Kumbh to heaven direct
  • Edge of the seat suspense
  • Wetlands revival efforts reaping fruit
  • Natambakta : Play by JNMDA #4 : Gallery
  • EIIFF 2025 unveils Festival Memento
  • Climate change & plant diseases
  • Shija Hospital- AHPI Healthcare Award
  • Budget 2025: A big gift for middle-class
  • The Science of Success : Attitude #2
  • Cakeology 2025: India's largest cake expo
  • Need to stick to a consistent narrative
  • Leniency on tobacco ban aiding demographic
  • 76th Republic Day @ Kangla #2 : Gallery
  • Pheiroijam Christina - 21st Miss North East
  • Manipur: Gold at 28th Jr National Sepaktakraw
  • Clarion call for redeeming our rightful future
  • The Power of Poppy - 67 :: Poem
  • Clean energy for sustainability
  • Union Budget: Industrialists from NE speaks
  • Balaram Sougaijamba: General of Manipur
  • Nikhil Okram crowned 14th Mister North East
  • Chadong village: Rising from waters with hope
  • Financial literacy for common man
  • Obituary: (L) Pu Thangkholen Sitlhou
  • Nail care in Winters
  • State of war since 2023: No winner, only losers
  • Talks on new district row
  • Radio E-pao: 1000+ songs from Manipur
  • Maibi Jagoi @ Kwak Tanba : Gallery
  • February Calendar for Year 2025 : Tools
  • Ballad of Letting Go :: Poem
  • 2nd Eikhoigi Imphal International Film Fest
  • Deeper exploration of term 'Hill-Valley Divide'
  • Children's Book to adopt 'Look East Policy'
  • Pony registration & conservation
  • Endless suffering of internally displaced child
  • 21st Ningtham Kumhei Fest #2 : Gallery
  • Thiyam Suryamukhi conferred Padma Shri
  • Isolate Kuki Militants by facilitating safe return
  • Sports Meet held at Rongdai Village
  • Eco-Apocalypse: Prevent collapse with Green
  • Grand Finale : 21st Mega Miss North East
  • Time to give more teeth to ST demand
  • 5 years of ILP; what about NRC demand ?
  • Remembering Md Ladu, celebrated polo player
  • The Lament of Love's Deceit :: Poem
  • Need for inculcating value based education
  • Royte - Times Young Entrepreneur Award
  • Glass Child Syndrome ! 'Sibling rivalry'
  • 6 Films for NE Section at GAFF 2025
  • Pony registration & conservation
  • Impartial anti-extortion cell need of the hour
  • 76th Republic Day @ Kangla #1 : Gallery
  • Conservation Strategies of Pethia manipurensis
  • Remembers 13 Brave Indian Soldiers
  • Workshop: Intl Year of Quantum Science
  • Governor's role and discretionary powers
  • Physics workshop for educators at Agartala
  • Who wins Delhi - Daru or Dharma
  • War on Drugs: A war Manipur cannot loses
  • NE turning into transnational drug hub
  • Essence of Gaan-Ngai #2
  • Manipur's dystopian reality
  • The day Light reached the hills
  • 2nd Eikhoigi Imphal Intl Film Fest 2025
  • Why is depreciation of rupee not stopping ?
  • An introduction to Rabies (Hydrophobia) #5
  • Thoithoiba Yelhou Yangkok Artist #2 : Gallery
  • Republic Day Titbits
  • NIT Manipur: Best Design Award @VLSI Design
  • The Power of Poppy - 66 :: Poem
  • Grand Finale: 14th Mega Mister North East
  • Application : FILMART, Hong Kong
  • The Science of Success : Attitude #1
  • 21st Ningtham Kumhei Fest #1 : Gallery
  • Demographic for balkanisation of Manipur
  • Training on Mushroom Cultivation at Nambol
  • Jugeshwor Kshetrimayum receives GELA 2025
  • Construction Committee of Meetei Yumpham
  • Call against misuse of social media
  • Positive & negative aspects of social media
  • In Search of Peace in Manipur
  • Embracing the Shadows :: Poem
  • Dr Manmohan Singh will live on
  • Rise in the price of medicines
  • Respecting the dead- Denying is a disgrace
  • Winter skin care tips for oily skin
  • Illegal immigrants :: Of FMR & border fencing
  • JD-U row exposes national parties' apathy
  • State Gaan-Ngai @Sagolband #2 : Gallery
  • On 'Only BJP can save Manipur'
  • Frontline health workers dispelling darkness
  • 14th East Himalayan Trade Fair
  • Life is plastic
  • Killers on the road : 834 lives lost
  • Call to action to save State's wetlands
  • Essence of Gaan-Ngai #1
  • The Taste of Dreams wins @Red Intl Film Fest
  • Science: 3rd eye for Meitei-Kuki reconciliation
  • Northeast flies high in direct selling
  • Mastering focus amidst distractions
  • An introduction to Rabies (Hydrophobia) #4
  • Indo-Naga Talks (From 2012) :: Timeline
  • BJP : Tepid response from the hills
  • BABINA Hospital sets example in healthcare
  • Nitya Ras @Nongmeibung #1 : Gallery
  • Agonizing reality of our country's veteran elites
  • Historicising the colonial narratives
  • NSS Team Departs for National Integration
  • HUN-Thadou Cultural Festival 2025
  • Time to recreate Naga Peoples Convention 2.0
  • Career in nutrition
  • Need to give more meaning to War on Drugs
  • Time for real action not empty rhetoric
  • Foundation: Manipur Press Club #2 : Gallery
  • "Aronba Wari" :: Shumang Leela Synopsis
  • Tripura's livelihoods challenges
  • Archaeological Exhibition @ Kangla : Gallery
  • Gaan-Ngai @Chaopok village #1 : Gallery
  • Manipur needs to affirm her tribal roots
  • Madras/Chennai- 1989 till 2024 : Gallery
  • Investigate "arms recoveries" in Mizoram
  • Training on Mushroom Cultivation
  • NE Direct Selling Conference & Expo
  • Response of Delhi in last 20 months
  • Regulated entry after FMR scrap, border
  • Mutua Bahadur : Preserving Manipuri culture
  • Competitive Altruism: Resolving ethnic conflict
  • Pithe Puli Utsav at Agartala
  • Building the best version of yourself
  • Guwahati Asian Film Festival 2025
  • Tips to keep your lips soft & smooth in winter
  • Subsidised flight tickets for all
  • MCPCR alert on child trafficking fear
  • Imoinu Erat Thouni @ Wangkhei : Gallery
  • Gaan-Ngai celebrating Culture in Delhi NCR
  • 2nd Emoinu Fish Festival #1 : Gallery
  • Nupilal Ningshing Lamjel #2 : Gallery
  • Licypriya Kangujam: Nat'l Youth Day Award
  • State Gaan-Ngai @Sagolband #1 : Gallery
  • Hingminashi Eikhoi : Call for unity in diversity
  • Misna Chanu aids to Jiribam IDPs : Gallery
  • Mega Protest Rally, end AFSPA #2: Gallery
  • Ningol Chakkouba @ Delhi #3 : Gallery
  • AIR Radio Imphal Station - Live streaming
  • Nupi Lal Memorial @Pune #2 : Gallery
  • The historical account of Kabaw Valley #3
  • Featured Front Page Photo 2024 #6: Gallery
  • E-Pao.net : 25th Anniv & 2025 Wishes
  • Protest @Delhi - Murder of Meiteis #2: Gallery
  • Observance of Thang-Ta Day #1 : Gallery
  • Nupi Lal Memorial @Pune #1 : Gallery
  • Meitei Mayek Tamba : Online Classroom #5
  • Maibi Jagoi @ Mera Houchongba: Gallery
  • Ta Ta TabuHtoN :: Seireng
  • Downloadable Manipuri Calendar :: 2025
  • GHOST of PEACE :: Download Booklet