HT Bureau
GUWAHATI, Sept 29: Governor Gulab Chand Kataria led a meeting with top officials of the Finance department in the presence of Finance minister Ajanta Neog to assess the department’s activities at Raj Bhavan in Guwahati.
During the meeting, Finance minister Ajanta Neog provided an overview of various initiatives undertaken by the Finance department, highlighting its commitment to driving transformative changes for the overall development of the state.
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Additional chief secretary of the Finance department, Samir Kumar Sinha, delivered an extensive presentation that covered a wide range of the department’s activities. This included a detailed analysis of the current year’s budget, along with figures from the preceding three years, showcasing allocations and utilisation. The presentation also featured key performance indicators for the Finance department, as well as a comparative analysis of Assam in relation to other states in India. It also touched upon significant state-sponsored schemes implemented by the Finance department.
Furthermore, the additional chief secretary provided insights into various crucial financial aspects, such as GSDP per capita income, own revenue collection (tax revenue and non-tax revenue), own tax to GSDP Ratio, share of central taxes received from the government of India, grants-in-aid received from the government of India, revenue expenditure, interest payment to revenue receipt, capital expenditure, revenue deficit, debt to GSDP ratio, and fiscal deficit. He also discussed the Assam Tea Industries Special Incentive Scheme, 2020 (ATISIS), and The Assam Microfinance Incentive and Relief Scheme (AMFIRS), 2021.
The additional chief secretary also presented the vision of the Finance department for Amrit Kaal, focusing on inclusive growth, job creation, infrastructure improvement, rural development, and enhancing the investment climate.
Governor Gulab Chand Kataria highlighted the pivotal role played by the Finance department in the state’s growth and development. He stressed the importance of effective collaboration between the Finance department and other departments to ensure the seamless execution of development and welfare activities across the state for the benefit of the people.
Additionally, the Governor stated the need to heed audit recommendations, as the central government disburses funds to the state after the issuance of utilisation certificates. He urged the Finance department to provide these certificates diligently within the stipulated time frame to ensure the uninterrupted flow of development initiatives.
The Governor also shared insights on increasing the state’s per capita income and encouraged the Finance department to explore alternative avenues for generating additional revenue.
The meeting was attended by several senior officers from the Finance department and Raj Bhavan, including commissioner and secretary to the Governor SS Meenakshi Sundaram, commissioner and secretary of the Finance department Jayant Narlikar, and others.
