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 infrastructure and trade and commercial activities are being developed/promoted in SASEC countries...

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 and political heights, liberating them from shackles of poverty, conflict, political imbroglios, and...

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 than red rubies and other rarely found germs. It is because of its fantabulous fragrance that can...

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 of money in term of crores from a large number of investors in Manipur. The CJM, Imphal West has...

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 who participated in the China-South Asia Business Forum held at Kunming city of China’s Yunnan...

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 of law and order problem in the State, Principal Secretary (Commerce and Industries) O Nabakishore...

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 Henbung check-post was set up on December 1 last year and it became functional from the next...

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 serious loophole in collecting VAT, which is one of the primary sources of generating income...

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 and modernization of Yurembam Sub-Station. B.K. Handique, Union Minister of Development of North Eastern...

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 Rural Bank, Lamlong branch. The beneficiaries included 20 farmers of Iril Progressive Farmers’...

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 held today at Kyamgei Heibong Makhong in Imphal East district. Speaking to media persons, sub-contractor...

Traders’ Meet

IMPHAL, May 9: Construction work for setting up of the Integrated Check Post at Moreh, aimed at boosting Indo-Myanmar Border Trade, would be taken up within six months, announced Principal Secretary (Commerce & Industries) O Nabakishore. Speaking at an ‘importer-exporter’ meet organized by United Bank of India this evening at Classic Hotel, the Principal Secretary opined that every...

Some Steps To lessen Woes Of Duped Investors

Through this esteemed newspaper I would like to put forward some of my humble opinions as well some suggestions in order to solve (at least to a certain extent) the severe financial problems being faced by the sub-agents, investors and their down lines who got themselves involved/invested in the so-called “Online earning” with the hope that by investing in such net working business which comes...