Harnessing Solar & Wind Power, Strengthening Human Resource and Transparency of Accounting System Needed: N.K. Singh

Imphal, Dec 1
 Inspite of Manipur getting close to reasonably high rate of economic growth, it still has number of important steps that need to be taken up for putting  the State’s economy in better trajectory. The steps are like harnessing the solar and wind power, strengthening human resource and keeping transparency of accounting system, said Chairman of 15th Finance Commission, Shri N.K. Singh told media yesterday.
First step is harnessing Solar Power and it is now available in the state as renewable sources along with Wind Power, which can be gainfully utilized by Manipur. In pertain to strengthening of its rich human resource, particularly for increasing the quality of education sector, establishment of more medical, nurses training and paramedic institutions are required as there is still short supply of the same in India and other parts of the world. By improving the quality of technical education like engineering institutions, youths and people of Manipur does not have to travel long distance for securing educational opportunities, Shri N. K. added.
The Chairman of the 15th Finance Commission furthered that the third step is improving the overall matrix of its finances, moving away from the era of depositing to public accounts.  Making the accounting system more transparent and aligning the fiscal deficit management trajectory within a time frame, say the next five years is really needed. In this context, the Government of Manipur presented a detailed memorandum to the Finance Commission and also submitted 25 projects for State’s specific funding for infrastructure and social infrastructure.
The Chairman of the Finance Commission assured to the Government for double digit growth of the economy by improving the per capita income of the State and for decreasing the poverty number in the coming years and to make Manipur best among the special category states of the country. It is in view of the importance of State’s economy and the critical location for promoting the act east policy and also the overall profile of the place.
It may be mentioned that prior to the press conference, the 15th Finance Commission team led by its chairman, Shri N.K. Singh met and interacted with the Chief Minister, Deputy Chief Minister who is also the Finance Minister, Council of Ministers and Bureaucrats of the State. The Finance Commission team comprises its member, Secretary, Joint Secretary, Deputy Director, Assistant Director and Economic Officer.
The 15th Finance Commission team arrived in Imphal on 29th November, 2018 and met with the representatives of different political parties, representatives of rural and urban local bodies and representatives of trade and industries