BY | March 26, 2013

New Delhi, (IANS) JD-U president Sharad Yadav Tuesday welcomed the reported central government move to change the criteria for “backwardness” to release more funds for Bihar but said there was no need to derive political meaning from it.

Yadav said the media had reported Tuesday that the central government was considering changing norms to determine backwardness of states.

“Whatever is happening, it is worth welcoming,” the Janata Dal-United chief told reporters here and added that too much should not be read into the government’s move.

“There is no need to derive political meaning from this,” he said.

Yadav, who is the convenor of the Bharatiya Janata Party-led National Deomocratic Alliance (NDA), said that the JD-U had been demanding special category status for Bihar.

Finance Minister P. Chidambaram in his budget speech last month said that the criteria for determining backwardness was based on terrain, density of population and length of international borders. He proposed to evolve a new method which would be reflected in future planning and devolution of funds.

Chidambarm’s announcement was seen in political circles as a move by the Congress to wean JD-U leader and Bihar Chief Minister Nitish Kumar away from the NDA.

Nitish Kumar has been pressing for special category status for Bihar.

BJP leaders, however, dismissed suggestions that the JD-U would inch towards the Congress following the central government sanctioning more funds to Bihar.

They said the BJP backs the demand for a special category status for Bihar and there was a need to revisit norms of backwardness.

BJP spokesperson Ravi Shankar Prasad said that the JD-U was an integral part of the NDA.

RELATED

HDFC Bank denies report of JM Financial merger   Mumbai: After posting its lowest ever net profit in any quarter in the 4th quarter, the company seems to be perturbed by a news report that the JM Financial stock was set to merge with Mumbai based...

RBI for 2-stage authentication due to online banking frauds   The number of online frauds is going up pretty fast. Almost on a daily basis dozens of such frauds are reported to the police and banks.   The criminals are becoming hi-tech and they are cleverly...

ATM

Sony Xperia M2 Dual with 4.8-inch display, 8MP camera @ Rs 21990   For Rs 21,990 you can lay your hands on Xperia M2 Dual smartphone. This mid-range mobile has been launched by Sony keeping in mind the Indian market.     The dual-SIM variant of the...

QRxPharma’s Moxduo painkiller rejected twice by FDA   QRxPharma went down and down at stock market immediately after it became known that the FDA has refused to backs its painkiller combination.   The hammering was the worst in the last seven...

HTC open to buying Nokia’s Chennai plant, Microsoft silent   Is Taiwanese tech giant HTC set to charter a new course by entering the Indian smartphone market? A top company official has said that it is ready to buy Nokia’s troubled Chennai...

Rupee at its lowest against US dollar in last one month   Mumbai: Indian Rupee has hit its lowest point against US dollar in the last one month. At the time of writing this news piece Indian Rupee was at 60.78.   The Indian currency was trading even lower...