Trinamool urges Centre to set up committee to address concerns of debt-stressed States

Trinamool Parliamentary Party Leader in Rajya Sabha, Derek O’Brien today urged the Centre to set up a Committee of state finance ministers, headed by Union Finance Minister, to address the issue of increasing debt-burden of States.

Speaking during Question Hour in Rajya Sabha, Derek O’Brien said, “Data given by Reserve Bank of India shows that 10 odd States have a huge debt burden. Out of these, States like West Bengal, Punjab and Kerala are the most debt-stressed.”

Derek O’Brien also pointed out that Centre has withdrawn financial support from 39 important schemes and the centre-state share has been changed for 58 schemes. Specifically mentioning the example of Backward Regions Grant Fund (BRGF) and compensation for CST, he demanded that the Centre should pay due funds to the States.