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The Meghalaya Government expects to derive around Rs 27 crore additional revenue from lease holders of mines in the State who have been directed to pay the remaining of the 50 per cent stamp duty within March 31 on the close of the financial year.   Chief Minister Conrad K Sangma, who chaired a cabinet meeting on Wednesday, said the direction was given as per a court order that mining lease stamp duty is not under the instrument of conveyance and hence mining lease holders will have to pay 100 percent stamp duty. He said the earlier interpretation was that the…

During the ongoing assembly session Thursday, chief minister, Neiphiu Rio moved that leave be granted to introduce “Nagaland Fiscal Responsibility and Budget Management” NFRBM (Amendment) Bill, 2021. The Bill will be introduced on February 19, 2021. According to DIPR report, chief minister and minister-in-charge of Finance also laid a copy of the review of trends in receipts and expenditure for the first, second and third quarter of the year 2020-21 as required under section 11 of Nagaland Fiscal Responsibility band Budget Management Act 2005. Administrative reports of various departments were also laid, including: Department of Border Affairs; Department of Information…

Prime Minister Narendra Modi virtually launched several connectivity projects costing Rs 15,000 cr in Assam on Thursday. He said that these projects would not only boost trade, economy and industrialisation but also open a new chapter for the tourism industry in the northeastern region. The Prime Minister said that the projects would make connectivity and transportation easier among West Bengal, Assam, Manipur, Meghalaya, Mizoram and Tripura along with Bangladesh and Bhutan. The Rs 3,231-crore Mahabahu-Brahmaputra project includes the Ro-Pax vessel operations between Neamati-Majuli Island, North Guwahati-South Guwahati and Dhubri-Hatsingimari, construction of Inland Water Transport (IWT) Terminal at Jogighopa (in Bongaigaon…