What ails the economies of the eight northeastern states? The warped fiscal policies of the Union government

By Nitin Sethi
Published: Thursday 15 April 2004

-- (Credit: Anil Agarwal / CSE)the much-touted North East Industrial Policy (neip) of the Union government badly needs a 'mid-course correction'. This acknowledgement has come from none other than S Jagdeesan, joint secretary in the Union ministry of commerce and industry, at the Northeast Expo 2004 at Delhi. He made some other revelations. For example, the Union government's investment of more than Rs 1,200 crore in the region has generated only 18,007 jobs in the nine years that the policy has been in force. This after the Centre had already pumped in more than Rs 6,000 crore as subsidies since the inception in 1976 of the Northeast Council, the apex planning body for the region, in Shillong.

Organised by the Confederation of Indian Industries (cii) on March 19-21, the expo was to showcase the business potential of the Northeast.

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