MLA LOCAL AREA DEVELOPMENT FUND IN MANIPUR
by Mohendro Nandeibam. This article was originally published by the People's Chronicle ( http://thepeopleschronicle.in ) Big Community Hall and Small Community Life: Can we think of 60 Production-cum Training Centres with Rs. 300 crore within 5 years? Manipur should not and cannot claim a place of honour and respectability in the comity of sister states in the North-East, not to speak in the whole country, as evidently substantiated by the World Bank whose view, is “Non-Development” measured largely by the unchanged composition of products, unchanged factor-combination and unchanged technology. This is the dismal fate after 65 years of economic planning in the country. We could not undertake the exhaustive Investment Planning based on fair calculation of costs and benefits, merits and demerits and short term gains and long term loss. The recent trend of globalization and increasing liberalization has exposed the fundamental weaknesses of structural stagnation.