'Spend 5% profits for peripheral growth'

Published on: 

Presiding over a meeting of the Rehabilitation Peripheral Development Advisory Committee (RPDAC) held at the district Collectorate here on Saturday, Collector Rupa Roshan Sahu directed all industrial houses to spend at least five per cent of their profits for peripheral development.

Besides, the RPDAC resolved that 70 per cent of the peripheral development funds would be spent for development of the concerned gram panchayats where industries have been set up. The rest 20 per cent and 10 per cent of the funds would be expended for development of education, sports, health services and irrigation in the concerned blocks and headquarters, respectively.

Chief District Medical Officer Dr Chitta Ranjan Nayak, Hindol Sub-Collector Atulya Kumar Champatiray, all concerned tehsildars and officials of the industries were also present at the meeting.

Daily Pioneer
dailypioneer.com