Mizoram having civil deposit of Rs 1602.34 cr

Aizawl, Mar 29 (PTI): Mizoram government was having civil deposit to the tune of Rs 1,602.34 crore during 2014-15, state Finance Minister Lalsawta informed the assembly today. In a written reply to a query from Lalruatkima of the Mizo National Front (MNF), Lalsawta said different departments under the state government were compelled to deposit certain amount of money in civil deposit to avoid fund lapse and overdraft with the Reserve Bank of India.

He said that the state government had civil deposit amounting to Rs 1,168.84 crore during previous fiscal of 2013-14.

The government has been attempting to avoid stashing large amount of money in the civil deposit and rather tried to implement the recommendations of the committee constituted by the government to study civil deposit, he said.

He added that the public debt and liabilities of the state government during 2015-16 was to the tune of Rs 6,977.13 crore. PTI HCV SUS SUS
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