Assam CM meets Singapore President, holds discussion for partnership

Guwahati, Feb 11 (SocialNews.XYZ) Assam Chief Minister Himanta Biswa Sarma met Singapore President Tharman Shanmugaratnam on Tuesday and discussed the state's potential to become a major hub for global investments.

Taking to X, CM Sarma wrote, "It was a great honour to meet the President of Singapore, H.E @Tharman_S, today. Our discussions covered ongoing collaborative projects, with a special emphasis on Assam's role as a key pillar in the India-Singapore Comprehensive Partnership. I also shared the fond memories we hold of His Excellency's visit to Assam in 2022."

"We deeply appreciate Singapore's partnership in #AdvantageAssam2 and look forward to strengthening our collaboration in emerging sectors such as semiconductors, green energy, and advanced technology," he added.

The Assam CM who has been on a two-day visit to Singapore, also held meeting with leaders from the semiconductor industry in Singapore.

CM Sarma has insisted the industry players from Singapore become partners in the upcoming semiconductor manufacturing plant in the Jagiroad locality in the Morigaon district in Assam.

He wrote in X, "Began my day in Singapore by engaging in a productive discussion with leaders from the semiconductor industry. Semiconductor is an important facet of India-Singapore cooperation and I have invited them to partner with us at Assam’s upcoming #ElectronicCity in Jagiroad."

Meanwhile, CM Sarma also took note of Singapore's town planning expertise.

He mentioned, "Today in Singapore, I reviewed Surbana Jurong's existing projects in Assam along with Mr Low Cher Ek and his team. We seek to leverage Singapore’s town planning expertise to build Assam’s future cities and industrial parks and enhance the #EaseofLiving of our people."

The Chief Minister went to South Korea and Japan and had a series of meetings with the investors. He has invited them to attend the Advantage Assam summit.

CM Sarma also said that this summit is set to bring more investments to the state.

He mentioned that more government jobs and entrepreneurship support will be provided to the people of the state.

Notably, a big investor summit 'Advantage Assam 2.0' is set to be hosted in Guwahati on February 25 and 26.

Source: IANS

#AdvantageAssam2 #EaseOfLiving #ElectronicCity

New Delhi, Dec 15 (SocialNews.XYZ) The government on Sunday said that based on the recommendations of 15th Finance Commission (XV-FC), Rs 71,889 crore has been released to the states under various heads for FY 2024-25.

New Delhi, Dec 15 (IANS) The government on Sunday said that based on the recommendations of 15th Finance Commission (XV-FC), Rs 71,889 crore has been released to the states to date under various heads for FY 2024-25.

The 15th Finance Commission had recommended the grants-in-aid of Rs 71,889 crore to the state governments under heads like grants to local bodies; post devolution revenue deficit grant; central share of state disaster response fund and state disaster mitigation fund and health sector grant, among others, for the year 2024-25 (upto December 10).

In a post on X social media platform, the Ministry of Finance also said that “based on the recommendation of @MinOfPower, Department of Expenditure @FinMinIndia allowed additional borrowing of 0.5 per cent of GSDP worth around 1.56 lakh crore linked to performance in power sector for FY2024-25”.

“The Department of Expenditure @FinMinIndia allows extra borrowing ceiling of nearly Rs 9.40 lakh crore to states in FY2024-25,” it further added.

According to the ministry, Direct Benefit Transfer (DBT) through Public Financial Management System (PFMS) supports ‘Digital India’ by enabling electronic payment and receipt for ministries/departments in both centre and states.

“Department of Expenditure @FinMinIndia has been consistently improving DBT linkages between beneficiaries and onboarding with external systems to facilitate greater #EaseOfLiving,” the ministry posted.

Meanwhile, the government has also unveiled the Delegation of Financial Powers Rules, 2024 — a landmark initiative that aims to imbue financial regulations with simplicity and clarity for streamlined decision-making and enhanced operational efficiency.

Also, based on the recommendation of the New Pension System (NPS) Review Committee, the Union Cabinet chaired by Prime Minister Narendra Modi approved the Unified Pension Scheme (UPS) in August this year.

—IANS

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Source: IANS

https://www.socialnews.xyz/2024/12/15/rs-71889-crore-released-to-states-under-various-heads-for-fy25-till-now-centre/

#EaseOfLiving