The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved the proposal of Department of Water Resources, RD & GR for continuation of centrally sponsored Scheme, viz., “Flood Management and Border Areas Programme (FMBAP)” with total outlay of Rs. 4,100 crore for a period of 5 years from 2021-22 to 2025-26 (15th Finance Commission period).

The Scheme has two components:

  1. Under the Flood Management Programme (FMP) component of FMBAP with an outlay of Rs. 2940 crore, central assistance will be provided to State Governments for taking up critical works related to flood control, anti-erosion, drainage development and anti-sea erosion, etc. The pattern of funding to be followed is 90% (Centre): 10% (State) for Special Category States (8 North-Easter States and Hilly States of Himachal Pradesh, Uttarakhand and UT of Jammu & Kashmir) and 60% (Centre):40% (State) for General/ Non-Special Category States.
  2. Under River Management and Border Areas (RMBA) component of FMBAP with an outlay of Rs. 1160 crore, flood control and anti-erosion works on common border rivers with neighbouring countries including hydrological observations and flood forecasting, and investigation & pre-construction activities of joint water resources projects (with neighbouring countries) on common border rivers will be taken up with 100% central assistance.

Although, primary responsibility of flood management rests with the State Governments, Union Government has decided that it is desirable to supplement the efforts of the State Governments in flood management, encouraging promotion & adoption of modern technology and innovative materials/approach. This is particularly relevant as the increased incidence of extreme events have been witnessed during last few years in view of likely impact of climate change and situation may further aggravate in times to come exacerbating problem of floods in terms of extent, intensity and frequency. The works implemented under RMBA component also protect important installations of security agencies, border out-posts, etc. along the border rivers from flood and erosion. The Scheme has the provision of incentivizing the States which implement flood plain zoning, recognized as an effective non-structural measure for flood management.

 

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Prime Minister greets CA fraternity on Chartered Accountants' Day
July 01, 2026

The Prime Minister, Shri Narendra Modi, today extended his greetings to the Chartered Accountant fraternity on the occasion of Chartered Accountants' Day. Shri Modi said that Chartered Accountants have long been trusted partners in India's economic journey. He noted that through their commitment to transparency and professional excellence, they have strengthened the country's financial systems, supported businesses, encouraged entrepreneurship and inspired confidence among investors.

The Prime Minister posted on X:

Greetings on Chartered Accountants' Day to the entire CA fraternity. They have long been trusted partners in India's economic journey. Through their commitment to transparency and professional excellence, they strengthen our financial systems, support businesses, encourage entrepreneurship and inspire confidence among investors. Their expertise contributes significantly to economic growth and nation-building. As we move towards becoming a Viksit Bharat, their efforts help create an environment where enterprise can flourish and opportunities can expand for all.