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Raghuram Rajan panel did not reference to particular state, says Chidambaram

Budget

Finance Minister P. Chidambaram has said that the Raghuram Rajan Committee Report, as well as the reason for the committee’s constitution did not have any reference to a particular state.

Chidambaram spoke at the Lok Sabha after the government drew criticism from both the BJP and the JD-U about the delay in granting of special status to Bihar.

The Finance Minister noted that the committee was appointed following his budget speech last year and said that the panel had been formed to identify the Indian states that were furthest from average.

He said that he was making it clear that the report and the reason for the committee constitution did not refer to a particular state, and thus some states were removed from the average. He added that they had wanted to identify the below-average states and find a mechanism which could help those states.

He also added that the committee contains a wide representation, consisting of certain parameters that have enabled identification of all the states and their ranks, based on which the report has been circulated to all concerned parties by the government. He also added that the report is being actively considered by the government.

Chidambaram then said that the report contains a second part that explains recommendations of the Finance Commission, which is a constitutional entity, that was apart from the devolution of the funds by the Planning Commission, and other funds and their devolution, their distribution which could be done as per the norms and patterns suggested by the Raghuraman Rajan Panel.

JD-U had stormed the well and raised the matter of granting special status to Bihar, while accusing the Centre of unnecessarily delaying recommendations for a high-level government panel on this matter.

Shahnawaz Hussain of the BJP brought up the issue at Zero Hour and said that Bihar was “cheated” by UPA government, declaring that “great injustice” was being done by Centre by delaying the decision for special status granting.

News Source: The Republic News Network
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