India News | Sikkim CM Thanks PM, FM for Release of Rs 283.10 Crore to State
Get latest articles and stories on India at LatestLY. Sikkim Chief Minister Prem Singh Tamang thanked Prime Minister Narendra Modi and Union Finance minister Nirmala Sitharaman for releasing Rs 283.10 crore to the state as an additional tax devolution instalment.
Gangtok, Dec 23 (PTI) Sikkim Chief Minister Prem Singh Tamang thanked Prime Minister Narendra Modi and Union Finance minister Nirmala Sitharaman for releasing Rs 283.10 crore to the state as an additional tax devolution instalment.
He said the funds will help in the economic development of the Himalayan state.
"#Gratitude to Hon'ble PM Shri @narendramodi ji and Hon'ble Finance Minister Smt @nsitharaman ji for releasing Rs 283.10 crore for Sikkim as an additional tax devolution instalment," he said in a post on X.
"This funding will significantly boost Sikkim's economic development, supporting social welfare measures and infrastructure projects," Tamang said.
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The Himalayan state suffered a massive natural disaster in October this year as a flash flood in the Teesta river ravaged road infrastructure and communication network in addition to washing away a hydropower project dam at Chungthang in North Sikkim.
Sikkim depends heavily on the central government for funds for development and capital expenditure with its own sources of revenue generation remaining scarce.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)