Itagar, May 15: The Aruchal 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, fil withdrawal from GPF, invocation of state guarantees, repayment of high cost loans. The decision was arrived at a cabinet meeting chaired by Chief Minister bam Tuki here on Thursday, government spokesman Bamang Felix said in a statement here today.
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 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 Rs 220 crore including interest accrued. “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 fincial statement of the state government 2015-16 under the provision of Article 267 (2) of the Constitution of India.
“This will eble the state government to make advances to tide over unforeseen exigencies,” Felix informed. In another major decision, the state cabinet approved operatiol guidelines for utilisation of Rs 10 crore as a revolving fund for Aruchal Pradesh Chief Minister’s Universal Health Insurance Scheme 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 APCMUHIS in order to avoid inconvenience to the patients while availing the services under the programme. The cabinet approved interim development plan of the capital region -2021 under provision of Section 24 of Aruchal Pradesh Urban and Country Planning Act, 2007. The cabinet also approved the draft Aruchal 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 Aruchal Pradesh police.
The state cabinet later reviewed the state’s disaster preparedness and directed the disaster magement department to liaise up with the DCs and PRIs in launching special campaigns for sensitising the masses on disaster preparedness involving NGOs.
After being shown a detail power point presentation of road networks in the state, the cabinet decided to take up some state roads as state highways, the spokesman added.