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

Press Trust of India  |  Guwahati 

The government today said it has suffered a loss of about Rs 8,400 crore due to withdrawal of during the 14th Finance Commission.

Welcoming the visiting 15th Finance Commission, 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 N K Singh said that they have been informed about the withdrawal of 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 This is an executive status. The entire fiscal stability of a state is under the purview of Finance Commission," he added.

(Finance) V B Pyarelal said that the state incurred losses to the tune of about Rs 8,400 crore during the 14th due to withdrawal of the coveted status.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 26 2018. 21:55 IST