48 crore and has been declared as a 'National Project' for which 75 per cent of the fund would be provided by Ministry of Railways through their gross budgetary support and balance 25 per cent as an additionality by the Ministry of Finance.
Government policy and plans of investment in ports stay firm The total proposed outlay for the Eleventh Plan period for the major ports is Rs 17551 crore of which the gross budgetary support is about 12 per cent.
Byline: ANI New Delhi, July 6 (ANI): Finance Minister Pranab Mukherjee in his budget speech on Monday said that the government has taken a conscious and bold decision to enhance the Gross Budgetary Support (GBS) for the Annual Plan 2009-10 by Rs.
usd 536mn) Since the project is a national project, 25 per cent funding will be from railway's gross budgetary support and 75 per cent from Finance Ministry as has already been approved for similar other national projects of North Eastern region.
As per extant policy, 51 non-exempted Ministries and Departments of the Union Government have to annually spend at least 10 per cent of their Gross Budgetary Support (GBS) in the NER failing which the amount accrues to the Non-Lapsable Central Pool of Resource (NLCPR).
