Newmai News Network Imphal | February 6 The Manipur State Government is currently in the process of working out the feasibility and financial implication on the implementation of the 7th Central Pay Commission in the State. This was informed by Manipur Finance Minister L. Joykumar Singh during the third day of the ongoing 4th Session of the 11th Manipur Legislative Assembly. The time for implementation of 7th Central Pay Commission recommendation in the State cannot be ascertained at this juncture, as it will depend on the technical findings and the resource position of the State, Joykumar, who is also Deputy Chief Minister, added. Regarding the Memorandum of Understandings signed between the State Government and Private Firms/Companies etc, and about the volume of investments and profit sharing, Joykumar revealed that 39 MoUs were signed during the North East Development Summit (NEDS) held on November 21-22, 2017. On the subject of details on the volume of investment and profit sharing, Joykumar informed that the volume of investments indicated in the MoUs are only indicative and initial projections are subject to variations as the investments details, activities, action plans etc. are yet to be finalized and the profit sharing can be estimated only after the quantum of investments, including the details of the investments, activities, action plans, etc. are finalized.
