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Jaitley reportedly went on to say they are committed and working on a solution for the past 2-3 days. “We will help more than Special Status,” Jaitley told Naidu. There are also rumours that Jaitley put up 2-3 proposals before Naidu. The Chief Minister is meeting Prime Minister Narendra Modi later today.
TDP MPs will be meeting the Prime Minister later in the afternoon. A special category state gets preferential treatment in federal assistance and tax breaks. The special-category states get significant excise duty concessions, persuading industry to relocate/locate manufacturing within their territory. 30% of the Centre’s gross budgetary support for Plan expenditure goes to special-category states. 90% of Plan assistance was given as grants and only 10% as loans.
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