Banking & Finance 



MOU signed by Government and SBI
The Arunachal government entered into an agreement with the State Bank of India which proposed to offer financial benefits to all state government employees having accounts in SBI. This scheme, titled State Government Salary Package (SGSP) aims to provide many free of cost services such as internationally accepted ATM cum debit cards, multi city cheques, drafts, loans on concession and a personal accidental insurance facility. Also, the SBI approved establishment of new branches (of the bank) at Tuting and Sagalee

Meeting with Deputy Chairman of Planning Commission
The annual plan size for the state of Arunachal for the period 2013-14 was fixed at Rs 3700 crores including Rs 3177 Crore of Central Assistance in a meeting between the honourable CM and Deputy Chairman Mr Montek Singh Ahluwalia. This is almost 17.44 % larger than last year’s revised outlay of Rs 3010 Crore. Such an upraise has been possible as the State witnessed an impressive average annual growth rate of 9.4 % over the 11TH five year plan, much above the national average growth rate of 7.9%

Release of Dearness Allowance and Dearness Relief approved
Courtesy the instant authorization by CM Tuki, Arunachal government employees’ demand for Dearness Allowance and Dearness Relief was fulfilled. According to a government notice, the DA payable to State government employees was increased from 65% to 72%, with effect from July 1, 2012. Similarly, the DR payable to state government/family pensioners was increased to 72 % with effect from July 1, 2012