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Exploring the economics of 'Special Category Status' for states like Bihar and Andhra Pradesh in India. Discussing the reasons behind the central government's decision to discontinue SCS and the impact on these states.
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- Special Category Status provides financially and geographically challenged states with extra support like higher funds and tax benefits.
- Discontinuation of SCS in 2014 led to increased revenue sharing with states, causing debate on the status's revival.
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Special Category Status and Economic Support for States
Some states in India, like Bihar and Andhra Pradesh, are seeking a Special Category Status (SCS) from the central government. This status provides financially and geographically challenged states with extra support such as higher funds and tax benefits. For instance, Bihar relies heavily on agriculture, faces industrial limitations due to past policies, and struggles with poverty and inadequate infrastructure. On the other hand, Andhra Pradesh lost revenue sources and faced financial strain after the separation of Telangana. These states believe SCS could alleviate their economic challenges.
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