TODAY -
Special category status clipped from NE states
Assam Tribune | New Delhi, Aug 8
Setting at rest all speculation, the Centre has clarified that 11 states, including the eight northeastern states, have lost the ‘special category’ status in keeping with the recommendations of the Fourteenth Finance Commission (FFC).
In a Rajya Sabha reply to a question by Ripun Bora, Minister of State for Planning Rao Inderjit Singh said that according to the recommendations of the FFC, the share of net shareable taxes to the states have been increased from 32 percent earlier to 42 per cent from 2015-16 for the period 2015-20. This provides for increased untied funds to all the states.
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* This Post is uploaded on 09 August, 2016
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