CM downplays state’s debt obligation

Date:

Share post:

spot_imgspot_img

By Our Reporter

SHILLONG, March 23: Chief Minister Conrad Sangma has downplayed the apprehensions that it would be difficult for the state to repay loans availed from externally aided projects.
Speaking to media persons here on Thursday, the chief minister said that the loan and debt level of Meghalaya is within what the Finance Ministry permits.
He also made it clear that 90 per cent of the funds which are coming to Meghalaya as loan will be repaid by the central government.
“These are not loans in full to us. We only pay 10 per cent of this and the 90 per cent is paid by the central government,” he said.

spot_imgspot_img

Related articles

Afghan mission to UN condemns Pakistani airstrikes, calls for immediate cessation

New York, June 30: Afghanistan's Permanent Mission to the United Nations strongly condemned the Pakistani airstrikes carried out...

Mumbai blackouts ignite political storm in Maha Assembly, Speaker steps in

Mumbai, June 30: The worsening power crisis in South and Central Mumbai triggered a major political storm in...

Delhi woman alleges sexual harassment in moving car; records incident, FIR registered

New Delhi, June 30: A 24-year-old woman has accused a man of sexually harassing her inside a moving...

BSF DG reviews security arrangements for Amarnath Yatra; promises safe and secure pilgrimage

Jammu, June 30: Ahead of the two-month-long holy pilgrimage to the Amarnath cave shrine, the Border Security Force...