Intervening in a reply by Finance Minister Indira Hridayesh to BJP MLA Madan Kaushik's question on the status of funds received from the Centre during the ongoing budget session of the State Assembly, the Chief Minister said due to recommendations of the 14th Finance Commission, Uttarakhand was all set to suffer a loss of Rs 1676.20 crore.
This sparked off angry protests from opposition MLAs who rose from their seats to contradict the CM, asserting that the recommendations of the 14th Finance Commission and revision of funding pattern for Uttarakhand had in fact led to a rise of 10 per cent in the amount to be received by the state by way of central funds.
The Chief Minister conceded that there indeed would be a rise in the amount of central funds to be received by the state, but maintained there would still be a loss of over Rs 1,600 crore due to scrapping of block grants like Special Plan Assistance, Special Central Assistance and Normal Central Assistance.
The Chief Minister and the Leader of Opposition were locked in a verbal duel on the issue till Speaker Govind Singh Kunjwal said the matter can be raised in the House later when the debate on the state's annual budget is taken up for discussion.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
