Business Standard

Assam lost Rs 8,400cr on withdrawal of Special Category status


Press Trust of India Guwahati
The Assam government today said it has suffered a loss of about Rs 8,400 crore due to withdrawal of Special Category status during the 14th Finance Commission.
Welcoming the visiting 15th Finance Commission, Assam Chief Secretary T Y Das said withdrawal of the status has put additional burden in implementing the schemes.
"Though some corrective measures were taken, but no step has been taken to compensate the losses due to withdrawal of Special Category status," she said, adding Assam's per capita income is 63 per cent of the national average.
Addressing a press conference after meeting various stakeholders, the 15th Finance Commission Chairman N K Singh said that they have been informed about the withdrawal of Special Category status to Assam, because of which externally aided projects have been affected.
"This is a consequence of abolition of Planning Commission. We have to study this. The issue of Special Category status to states is not a part of the terms and conditions of Finance Commission. This is an executive status. The entire fiscal stability of a state is under the purview of Finance Commission," he added.
Assam Additional Chief Secretary (Finance) V B Pyarelal said that the state incurred losses to the tune of about Rs 8,400 crore during the 14th Finance Commission due to withdrawal of the coveted status.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 26 2018 | 9:55 PM IST

Explore News