-PTI Opposition parties on Friday disrupted Rajya Sabha demanding a special economic package for seven most backward states including Bihar, Odisha and Uttar Pradesh, leading to an adjournment of the House till noon. Raising the issue, Kiranmay Nanda (SP) said the Central government had failed to provide financial package to the seven most backward states identified in the Raghuram Rajan report. The Rajan panel had in September 2013 recommended a new index of...

-The Business Standard Panel member questioned the choice of sub-components There is some consolation for Bharatiya Janata Party's prime ministerial candidate and Gujarat Chief Minister Narendra Modi: Not everyone in a panel headed by Reserve Bank of India Governor and former chief economic advisor Raghuram Rajan had favoured the inclusion of Gujarat in the list of less developed states. Economist and social scientist Shaibal Gupta, a member of the panel, had dissented and...

-The Economic Times NEW DELHI: A high-level panel has recommended new criteria for measuring the backwardness of states and proposed the devolution of funds to them through an index that identifies Odisha and Bihar as the least developed states and Goa as the most developed one. The committee had been set up by the government amid demands for "special category" status by Bihar and was headed by the then chief economic...

-Live Mint BJP-ruled states to get more funds, while most Congress-ruled states will lose out if report's funding formula is accepted New Delhi: Odisha, Bihar, Madhya Pradesh and Chhattisgarh are the least developed (or the most backward) in that order, according to a government committee whose recommendations, if accepted, will mean a larger share of central funds for these states. Goa, Kerala and Tamil Nadu are India's most developed states, according...

-The Economic Times The government, reportedly, is creating a new composite development index to rank states that use new, more comprehensive criteria. Since the 12th Finance Commission recommended special grants for backward regions, in addition to special allocation of Plan funds to so-called Special Category states, there has been some enthusiasm among state leaders for accentuating their respective state's backwardness. Bihar chief minister Nitish Kumar has invested a lot of political...