Indian Polity · Polity
Under the Gadgil-Mukherjee formula, what was the primary financial benefit for a state accorded 'Special Category Status' by the Central Government?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Automatic allocation of extra seats in both houses of Parliament
- 2Power to levy custom duties independently on international trade
- 3Complete exemption from corporate and income taxes for its residents
- 490% of the central assistance was given as a grant and 10% as a loan✓
Correct answer
90% of the central assistance was given as a grant and 10% as a loan
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