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March 9, 2015

WB CM seeks debt waiver from Prime Minister

WB CM seeks debt waiver from Prime Minister

West Bengal Chief Minister Ms Mamata Banerjee today had a meeting with the Prime Minister at the Parliament House. The issues relating to the deplorable condition of West Bengal due to the debt burden left on the State by the earlier Government was discussed.



The Chief Minister shared the details of the meeting on her Facebook Page:  

“Today I met the Prime Minister with a 40-member delegation of our MPs.We discussed about the state of finances in West Bengal. We informed him how the huge debt burden left on us, as a legacy of the previous Government, has made West Bengal No.1 debt-stressed State in the country.

More than rupees 1 lakh Crore has been deducted by the Centre towards repayment of loan and payment of interest from the State exchequer over the last 3 years.

This huge fund could have been utilized for our development activities and serving the poor. We also shared with him our passing of FRBM Act and our efforts to double the revenue collection in the last three years, despite our huge debt overburden.

He appreciated our performance towards development of the State and maintenance of fiscal discipline.We urged the Prime Minister to waive the debts in the interest of further growth and development of West Bengal”, said the WB CM.