Goa to get Rs 350-cr Central funds in next 5 yrs: Parrikar

Goa will get Rs 350 crore funds in the next five years to be spent on the mining belt in the state, Defence Minister Manohar Parrikar said here.

"There's Rs 150 crore pending with Central government which will be released soon. This is the amount collected after levying 10 per cent tax on the profits earned by mining firms," he said referring to the Goa Iron Ore Permanent Fund.

"Another Rs 50 crore is with the Central government after levying 10 per cent tax on the fresh extraction," the former Chief Minister said while addressing BJP's Vijay Sankalp rally at Sanvordem village in South Goa last evening. "Together from the mining sector there is Rs 200 crore which will be released by the central government," he added.