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00:00bill for the Meghalaya's Ceiling on Government Guarantees Bill 2025. As you are aware, that
00:07government time to time guarantees the loans taken by different government agencies like
00:15MECL or MTDC or MTC. So the loans are taken by these agencies, but the banks sometimes
00:24require the government to guarantee these loans. And we have done this for many organizations,
00:31mostly MECL. But this was done without a proper, you can say, mechanism or structure. And hence
00:39Government of India, especially the RBI, has asked different governments, state governments
00:44to come up with an act that would put a ceiling or a structure overall to these government
00:50guarantees that are there, which means how much can a state government give in a particular
00:54year, how much can a government guarantee for loans taken by different agencies, up
00:59to what limit, what are the rules to be followed, so on and so forth. This particular act will
01:06define the Meghalaya Ceiling on Government Guarantees. So therefore, this bill today
01:12was brought in the cabinet. We have passed it and accordingly we will be presenting it
01:16in the assembly during the budget session, to be clear. We have also today passed the
01:29amendment to the Meghalaya Fiscal Responsibility and Budget Management Act, 2006. This is being
01:36done to allow the state governments, as per Government of India's provisions and permissions,
01:42to have the fiscal deficit from 3% to 3.5%. So Government of India has allowed state governments
01:53and this is being done annually. So for this year also, we will have to amend the Fiscal
02:00Responsibility and Budget Management Act to allow, as per Government of India's permissions,
02:06to allow our fiscal deficit to go up to 3.5%. Also, we have taken a decision today for the
02:16New Shillong Water Supply Scheme for DRDA, that is the Deputy Commissioner, to facilitate the
02:31process of land required for the New Shillong Water Supply Scheme, the small package of land
02:38required by the PHE Department. So the DRDA, that is the District Deputy Commissioner, will be the
02:46authorized agency to accordingly do the necessary purchase and this was again approved by the
02:52Cabinet today. We have also decided to repeal the Meghalaya Civil Service Commutation of Pensions
03:06Rule, 1992 and bring out a new rule. These are basically rules that are pertaining to the
03:14commutation of pension for pensioners of all the government employees and there were certain areas
03:22of concern and certain, you can say, different processes that were very complicated and those
03:33processes have now been refined and we are completely changing the rules and the idea
03:41is to make the commutation of the pensions easier for the retired employees, the pensioners,
03:49and those particular new rules, all have been repealed and a new rule today has been passed.
03:54This will make the entire process of commutation of the pensions much simpler and much easier for
04:01the government employees. We have also decided that under the Assured Career Progression Scheme,
04:10the ACPS scheme, where you are aware that if there is no provision for
04:19the ACPS scheme, you are not eligible for the ACPS scheme, you are not eligible for the ACPS scheme,
04:26you are not eligible for the ACPS scheme, you are not eligible for the ACPS scheme,
04:31you are not eligible for the ACPS scheme, you are not eligible for the ACPS scheme,
04:35you are not eligible for the ACPS scheme, you are not eligible for the ACPS scheme,
04:39you are not eligible for the ACPS scheme, you are not eligible for the ACPS scheme,
04:43you are not eligible for the ACPS scheme, you are not eligible for the ACPS scheme,