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Assam 7th fastest growing State: CM

By Spl CORRESPONDENT
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NEW DELHI, June 6 � Claiming that Assam is the seventh fastest growing State in the country, Chief Minister, Tarun Gogoi on Wednesday called for faster clearances of coal and gas linkages to revive the State�s power plants to resolve the perennial power crisis.�Hailing the State�s robust economy, the Chief Minister painted a rosy picture of the State�s finances. He said Assam�s growth-rate that has exceeded 8 per cent (8.42 %) is higher than the country growth rate of 6.86 per cent. Assam is the seventh fastest growing economy.

An elated Chief Minister, who addressed a press conference today talked about a whole range of issues from economic agenda of the government to the problem of militancy and growing Maoists activities to the recent political controversy. He also extended full support to 51 per cent FDI in multi-brand retail.

Recalling the dismal financial position of the State in 2001, Gogoi said that the State has come along way since then. In 2001, the State annual plan outlay was Rs 1520 crore of which 60 per cent was salary component. Currently, the salary component is less than one per cent. Yesterday, the State�s outlay for 2012-2013 was fixed at Rs 10.500 crore.�About yesterday�s meeting convened by the Finance Ministry to discuss the financial problems of the North Eastern States, the Chief Minister said that most of the States are facing problem because of the salary burden. The States have asked for more borrowing power but I am not asking for it,� he added.

A major achievement for the State was the sanction of the Planning Commission to spend at least 30 per cent of the Calamity Relief Fund (CRF) to provide relief to the erosion affected people. A sum of Rs 1500 crore has been earmarked, out of which we have been allowed to spend 30 per cent on erosion,� said Gogoi.

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Assam 7th fastest growing State: CM

NEW DELHI, June 6 � Claiming that Assam is the seventh fastest growing State in the country, Chief Minister, Tarun Gogoi on Wednesday called for faster clearances of coal and gas linkages to revive the State�s power plants to resolve the perennial power crisis.�Hailing the State�s robust economy, the Chief Minister painted a rosy picture of the State�s finances. He said Assam�s growth-rate that has exceeded 8 per cent (8.42 %) is higher than the country growth rate of 6.86 per cent. Assam is the seventh fastest growing economy.

An elated Chief Minister, who addressed a press conference today talked about a whole range of issues from economic agenda of the government to the problem of militancy and growing Maoists activities to the recent political controversy. He also extended full support to 51 per cent FDI in multi-brand retail.

Recalling the dismal financial position of the State in 2001, Gogoi said that the State has come along way since then. In 2001, the State annual plan outlay was Rs 1520 crore of which 60 per cent was salary component. Currently, the salary component is less than one per cent. Yesterday, the State�s outlay for 2012-2013 was fixed at Rs 10.500 crore.�About yesterday�s meeting convened by the Finance Ministry to discuss the financial problems of the North Eastern States, the Chief Minister said that most of the States are facing problem because of the salary burden. The States have asked for more borrowing power but I am not asking for it,� he added.

A major achievement for the State was the sanction of the Planning Commission to spend at least 30 per cent of the Calamity Relief Fund (CRF) to provide relief to the erosion affected people. A sum of Rs 1500 crore has been earmarked, out of which we have been allowed to spend 30 per cent on erosion,� said Gogoi.

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