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Assam seeks hike in State’s tax share

By The Assam Tribune
Assam seeks hike in State’s tax share

Spl Correspondent

NEW DELHI, Feb 6: Assam has recommended that the State’s share in the overall divisible pool of taxes be increased to 50 per cent from 42 per cent.

Assam’s per capita GSDP of Rs 92,533 in 2018-19 was very low compared to the all-States’ average of Rs 1,40,422, and also lower than the North Eastern Hill States (NEHS) average of Rs 1,30,427.

In Assam, 31.98 per cent of the population lives below the poverty line as against the India average of 21 per cent.

The rank of Assam has been the second lowest after Manipur since 2011-12 in terms of per capita GSDP among the NEHS.

The World Bank Report on the Ease of Doing Business dated September 2015 ranked Assam 22nd in India. According to the report, the Assam government should expedite the work of digitalizing the transaction processes through a single centralized web-based application. It said Assam may be losing excise from liquor due to its porous borders with seven neighbouring states.

During 2016-17, the Credit–Deposit ratio of all scheduled commercial banks in Assam was 39.9 per cent – compared to the national average of 73.7 per cent. The average population covered per bank branch in Assam is 13,710 as on March 2017 compared to the all-India average of 8,800 during the same period.

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