Tag: debt burden

Manas Bhunia speaks on the Centre’s duty to help States reeling under debt burden

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FULL TRANSCRIPT

Sir, I want to draw the attention of the Honourable Finance Minister and the Prime Minister, through you, to the fact that certain States in our country are debt-trapped and debt-barred. West Bengal inherited the debt burden from the 34-year rule of the Left Front, a burden to the tune of Rs 2,03,000 crore. Initially the State Government.s mop-up resource was Rs 22,000 crore, now it has reached Rs 52,000 crore under leadership of Mamata Banerjee.

My submission is that this State is reeling under the debt trap crisis. The Central Government should come forward to approve and extend all possible help and consider a moratorium for the sake of the State’s development and economic upliftment. Under the leadership of Mamata Banerjee, we are trying our best to improve the economic condition through all-round development.

I urge the Government, particularly the Finance Minister, through you, Sir, to consider the situation of West Bengal, along with that of other debt-trapped States, and provide moratorium at this moment. Thank you, Sir.

 

We deserve Central funds as we have performed well: WB CM at Delhi

Posted on | by admin2 | Leave a Comment on We deserve Central funds as we have performed well: WB CM at Delhi

West Bengal Chief Minister Mamata Banerjee met Union Finance Minister on Tuesday to discuss disbursement of central funds to the state.

She has been consistently taking up the issue of disbursement of central funds to the State on each of her visits in Delhi.

On Tuesday, the West Bengal Chief Minister said she took up the issue of funds for flood relief as the Centre has given West Bengal nothing so far on this account.

She also pointed out to the finance minister that no funds from the Centre have reached the state on account of development in the backward regions even while the state is supposed to get Rs 3,000 crore for BRGF.

The West Bengal Chief Minister said the Central Government had withdrawn 39 projects from the State and in case of 54 projects the funding pattern had changed. While earlier the Centre would have provided for 90% of the funds and states 10 %, now there will be a 60-40 sharing ratio, she explained.

On the day, the West Bengal Chief Minister also visited Rashtrapati Bhavan and handed over the digitised declassified Netaji Files.