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Narendra Modi Wants To “Act East” But Catching Up With China Won’t Be Easy

Pretty Photo, Paltry Trade. (Image Credit: Reuters/Soe Zeya Tun) India’s “Look East” policy has transformed into the “Act East” policy under Prime Minister Narendra Modi, as he seeks to reinvigorate New Delhi’s relationship with Southeast Asia. At the annual summit of the 10-member Association... 

State’s Trade Potential Tabled At SASEC Summit At Nepal

IMPHAL, Nov 7: The State’s transport infrastructure and trade potential were tabled at the South Asia Socio Economic Cooperation (SASEC) working committee submit held at Kathmandu, Nepal on November 4. SASEC is a regional economic forum of Bhutan, Bangladesh, Nepal, India, Sri Lanka and Maldives. Transport... 

Oil Exploration: Boon Or Bane For Manipur

Manipur has been known as a ‘golden land.’ True indeed, as oil is today’s gold and deposits have been confirmed in several parts of the region. One might presume oil and natural gas discovery in Manipur could propel strife-torn, conflict-ridden, cash-strapped, places like Manipur to new economic... 

Allowing Foreign Capital Control Over Domestic Savings Is Bad Economics

The LIC completed another eventful year in its spectacular journey. At 58, LIC today stands proud as the finest financial institution in the country proving ail its detractors wrong. The AIIEA raised the demand for nationalization of insurance business in 1951 and achieved significant success with the... 

Agar Plantation, A Hope For Rural Economy

The charismatic Agar oil which sometimes is called “Wood of the Gods” was discovered long ago and used to be a passion for the Sultans and erstwhile Sheikhs. Since those days to today, agarwood oil is widely acclaimed and treated as a precious medicinal and cosmetic product. It is even valued more... 
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CJM Cracks Whip Against UNI Group

IMPHAL, Jul 4: The Chief Judicial Magistrate (CJM), Imphal West has instructed the OC of Imphal Police Station to submit a report after investigating the whereabouts of the agents and sub-agents of UNI-Group of Companies, the office of which has remained shut after fraudulently collecting a huge amount... 

Kunming Forum Opens Avenue for Sino-Manipur Trade

IMPHAL, Jun 15: The Government of China has expressed keen desire to foster closer trade links between India and China. Not only that, the Government of China has given consent to display products of Manipur at Luosiwan International Trade City, in Kunming city. These were conveyed to the Manipuri delegates... 

Cement Factory On Revival Path?

IMPHAL, Jun 14: The total Limestone deposits found in Manipur is estimated to be around 20 million tonnes and at least five firms including local as well as outside based ones have approached the Government for taking up the responsibility of reviving the Cement factory which had been abolished on account... 
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Shortage Of Infrastructure Renders Henbung Check-Post Impotent, Taxable Goods Gain Free Entry

Incoming goods trucks at the Henbung check-post. Image Credit: Sangai Photo IMPHAL, Jun 12 : The Henbung check-post set up with the objective of ascertaining the quantity of taxable goods imported into the State and levy due taxes for generating State revenue is still unable to live up to its task fully. The... 
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Official Lapses Cost State Govt Crores In VAT

IMPHAL, Jun 11: Due to lapses on the part of officials, the Govt of Manipur has been losing crores of rupees that should be accrued to the State exchequer as Value Added Tax (VAT).  Not a single paise has been received by the State Government as VAT for importing cigarettes and bidis worth Rs 4.65 crores. This... 

Rs 6.41 Cr NEC Balm For Power Sector In State

NEW DELHI, Jun 2: The North Eastern Council released a sum of Rs 6.41 crores for renovation and modernization of 132/33KV Sub-Station at Yurembam and for construction of seven other schemes in the capacity of 10 KW in Manipur during the year 2010-11. A sum of Rs 5 crores were sanctioned for renovation... 

Manipur Rural Bank Distributes Loans

IMPHAL, Jun 2: An amount of Rs 15,000 each has been distributed to beneficiaries of four farmers’ organizations of Imphal East district. The financial assistance was provided at a Credit Awareness cum Disbursement Camp organized today at Kangla Sangomshang community hall under the sponsorship of Manipur... 

FCI Truckers Opt For NH-53

IMPHAL, May 29: Trans-porters engaged in shipping rice and other PDS items under Food Corporation of India (FCI) to Imphal have opted for NH 53 (Imphal-Jiribam road) permanently as their route. A decision to this effect was adopted during a get-together function of con- tractors, truck owners and drivers...