Tamil Nadu’s score in terms of underdevelopment/need index is 0.341 as per the panel report of Raghuram Rajan
A cursory perusal of the report reveals that the State stands to lose 50
%of what it has been getting which, it feels, is much less than
what it deserves.
Using the figures of releases of grants and shares in Central
taxes/duties for 2011-2012, the report said that the share of Tamil Nadu
in allocation was 5.01 per cent. The report recommended that this may
be reduced to 2.51 per cent.
What this means in money terms will be that the State, which is
expecting to receive about Rs. 26,160 crore during the current year,
would be given around Rs. 13,080 crore if the recommendations were to be
implemented immediately.
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