Modi government is working on schemes worth more than Rs 1.34 lakh crore in North-East, huge investment made on development: Finance Minister Sitharaman

Finance Minister Nirmala Sitharaman gave this information on Sunday. (File Pic)

The central government is implementing several rail, road and air connectivity projects in the Northeast costing over Rs 1.34 lakh crore. Finance Minister Nirmala Sitharaman gave this information on Sunday.

Central Government Northeast (North East) Several railways costing more than Rs 1.34 lakh crore in (Railways), is implementing road and air connectivity projects. Finance Minister Nirmala Sitharaman (Nirmala Sitharaman) gave this information on Sunday. Addressing a seminar here on the topic Natural Allies in Development and Interdependence, Sitharaman said the central government is developing several infrastructure projects in the North-Eastern region. (Development) Investing heavily. Sitharaman said that the government is working on 20 railway projects with a length of 2,011 km and costing Rs 74,000 crore.

The Finance Minister said that apart from this, the Central Government is developing 4,000 km of roads in the region at a total cost of Rs 58,000 crore. He said that 15 air connectivity projects worth about Rs 2,200 crore are also underway in the Northeast. However, the Finance Minister did not say by when these projects would be completed.

What did Sitharaman say on reduction in customs duty on fuel?

Earlier, Finance Minister Nirmala Sitharaman had dismissed the opposition’s allegations that the reduction in custom duty on vehicle fuel would affect the share of states in central taxes. Sitharaman said last week that petrol The reduction of Rs 8 in diesel and Rs 6 in diesel has been made in the road and infrastructure cess levied on these fuels, the collection of which is never shared with the states. He said that in such a situation this allegation of the opposition is not true. Former Finance Minister P Chidambaram and other opposition leaders had said that the government’s announcement of reduction in excise duty on Saturday evening will reduce the share of states in central taxes.

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Sitharaman wrote on Twitter that she is sharing useful information about taxes to be levied on petrol and diesel, which will be beneficial for all. He said excise duty on petrol and diesel is a combination of Basic Excise Duty (BED), Special Additional Excise Duty (SAED), Road and Infrastructure Cess (RIC) and Agriculture and Infrastructure Development Tax (AIDC). Basic excise duty is shared with the states whereas SAED, RIC and AIDC are not shared.

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