By TIOL News Service

During the three-day visit, the Finance Commission led by its Chairperson, Mr N K Singh, would have meetings with Chief Minister, Ministers and other officials of the state. Detailed presentations would be made on the finances of the State Govt. The Commission would also meet leaders of various political parties, Representatives of Autonomous Councils, Representatives of Trade and Industry viz. Chambers of Commerce, Assam branch of FICCI, Assam Branch of Indian Tea Association, and other stakeholders to understand the opportunities and the challenges in the state. There would also be interactive session with Urban Local Bodies and Panchayati Raj Institutions.

The Commission acknowledged the special characteristics of Assam and notwithstanding acceleration in growth momentum, it would have to make enormous development strides to catch up with national averages particularly with respect to per capita income. It is a matter of concern that per capita income of Assam is significantly lower than All India average which itself is lower than other emerging markets. Commission, therefore, would seek to explore opportunity of what structural, administrative and other changes are necessary by way of augmenting resources of state and also its proper utilization.

The Finance Commission also acknowledged the need for an in-depth Study of the recent developments and future possibilities of economic growth and development of Assam. This would be based on the various interactions and meetings that the Commission is scheduled to have in Assam during its visit.