March 3, 2016
Sukhendu Sekhar Roy asks the Government to release arrears and restructure old debts of Bengal
If the Central Government is serious about cooperative federalism, then it must release funds to the Government of West Bengal which is due on account of BRFG, of Rs 2300 Crore, Rs 8561 towards flood relief and arrears of Rs 5001 crores for the compensation towards CST which is till due and payable to the Government of West Bengal by the Centre.
Secondly Sir, when a plan is afoot to write NPAs or bad loans and restructuring therein the nationalized banks to the tune of more than Rs 3 lakh crores, it is incumbent upon the Government to go for restructuring of the bad debt of the Government of West Bengal without further loss of time.
Sir, because though the proposed waiver or the restructuring of NPAs, the private parties in general and a section of the corporate in particular shall be benefited, then why the same principle of waiver or restructuring shall not be extended to states like West Bengal, in as much as the present Government of West Bengal is carrying over a debt of more than Rs 2 lakh crore for the fiscal anarchy perpetuated by the previous Government.
Sir, I would therefore request the Government of India to consider the request of the Government of West Bengal for the release of the arrears dues and also consider restructuring of old debts of over Rs 2 lakh crores at an early date.
Thank You Sir.