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

New Delhi, Sep 23 (IANS) State-owned Syndicate Bank Tuesday terminated the services of its suspended chairman and managing director Sudhir Kumar Jain with immediate effect, a day after a court here extended his police custody till Tuesday "Syndicate Bank has informed the...

Syndicate Bank Chief SK Jain sacked for corruption. He has been accused of taking huge bribery. This was inevitable and has finally happened. Syndicate back earlier today has sacked chairman and MD Sudhir Kumar Jain with immediate effect. He has been under investigation for...

Hyderabad, Sep 20 (IANS) Wal-Mart India, the fully owned subsidiary of Wal-Mart Stores Inc., the world's leading retailer, is extending its B2B platform to its customers in Guntur and Vijayawada towns of Andhra Pradesh. Members of Best Price wholesale stores in the two towns...

This is simply historic and unparalleled. Alibaba (NYSE: BABA) stock price surges to $93.89, IPO a massive success Alibaba's IPO debut is a roaring success. This is one of the biggest debuts in the US market and everyone seems really pleased with this success story that...

alibaba

Mumbai: A benchmark index of Indian equities markets closed Tuesday's trade around 324 points down, as capital goods, banks and automobile stocks plunged. This is the second consecutive sell-out in the market triggered by weak industrial data and anxiety over the US Fed...

BSE