"The first round of battle has been won (Raghuram Rajan panel report), but the war remains to be won," he told reporters here referring to Chief Minister Nitish Kumar's pet political agenda - demand for special status to Bihar.
"The grant of special status is a political decision requiring political will," Gupta who had submitted a 10-page dissenting note on the report to protest against non-inclusion of variables like per capita income, energy consumption and freight equalisation that would have ensured Bihar's standing as the least developed state on Multi-Dimensional Index (MDI).
Referring to the Raghuram Rajan panel report, which put Bihar as the second least developed state in the country, he said it must be welcomed as a 'historic' and 'positive' development as it will bring in additional funds to Bihar if it's recommendation was to be implemented by the centre to make additional devolution to the least developed states.
Bihar would be the second biggest beneficiary of the additional devolution after Uttar Pradesh if the centre decides to implement the report in future, Gupta, who a founding member and secretary of Patna-based Asian Development Research Institute (ADRI), said.
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
