Itanagar : Arunachal Pradesh government has decided to enhance the contribution to consolidated sinking fund and enlarge the coverage of the sinking fund for following committed liabilities, old and new pension schemes, final withdrawal from GPF, invocation of state guarantees, repayment of high cost loans.
The decision was arrived in a cabinet meeting chaired Chief Minister Nabam Tuki here yesterday, government spokesman Bamang Felix said in a statement here on Friday.
The government had constituted the consolidated sinking fund in the year 1999-2000 and has invested a total sum of Rs 169.90 crore so far.
The sinking fund account is being maintained with Reserve Bank of India, Felix said.
The Reserve Bank of India (RBI) has invested the sinking fund contribution in the Government of India securities which earns a very good interest.
The total accumulated fund in the sinking fund would be more than 220 crore including interest accruement for the given same amount.
“The state government is contributing Rs 20 crore per year during last 3 years.
The cabinet has enhanced the contribution to Rs 300 crore per year by contributing Rs 25 crore per month,” the spokesman said.
The cabinet also decided to constitute a contingency fund of Rs 250 crore in the annual financial statement of the state government 2015-16 under the provision of Article 267 (2) of the constitution of India.
“This will enable the state government to make advances to tide over unforeseen exigencies,” Felix informed the sources here on Friday.
In another major decision that took place here, the state cabinet approved operational guidelines for utilisation of Rs 10 crore as a revolving fund for Arunachal Pradesh Chief Minister’s Universal Health Insurance Scheme or the APCMUHIS which will facilitate cashless treatment for the beneficiaries in all Government run hospitals without hassles.
The cabinet directed the department of Health and Family Welfare to timely review and monitor the implementation Arunachal Pradesh Chief Minister’s Universal Health Insurance Scheme also known as the APCMUHIS in order to avoid inconvenience to the patients while availing the services under the programme.
Cabinet approved interim development plan of the capital region – 2021 under provision of section 24 of Arunachal Pradesh Urban and Country Planning Act, 2007.
The cabinet also approved the draft Arunachal Pradesh Heritage Bill 2015 to be tabled in the floor of the State Legislative Assembly in its next session.
The cabinet further decided for common recruitment rules for UDC and LDC, besides, approving for common recruitment rules for the post of constables (general duty) and civil police, IRBn and AAPBn under Arunachal Pradesh police.
The state cabinet later also made a review of the state’s disaster preparedness and directed the Disaster Management department to liaise up with the DCs and PRIs in launching special campaigns for sensitising the masses on disaster preparedness involving various Non Government Organizations (NGOs).
After being shown a detailed power point presentation of road networks in the state, the cabinet decided to take up some state roads as state highways, the Spokesman added. (PTI)
