You are here: Home » Budget » Reactions » Government
Business Standard

Financial package to Bengal a bunkum: Mamata

The deduction of about Rs 28,000 cr every year towards debt taken by the previous government has been increasing

Press Trust Of India  |  Kolkata 

Chief Minister Mamata Banerjee, who has sought to meet Prime Minister Narendra Modi for debt waiver, today termed as a 'bunkum' reports that West Bengal had been given a financial package and stuck to her demand that Centre stop deducting interests on loans.

Close on the heels of Union Finance Minister Arun Jaitely's announcement in the that West Bengal along with Bihar would be given special assistance on the lines of Andhra Pradesh, Banerjee who was addressing a programme here said "There was no (financial) package as such. It is all bunkum"..

Read our full coverage on Union Budget

"We used to get 61.8 per cent. That is being raised to 62 percent... Frying fish in its own oil," Banerjee, the chairperson of Trinamool Congress, said in an apparent dig at the Centre. "We are asking (the Centre) to stop taking away money from us. You don't deduct money," she said.

In a fresh bid to seek a waiver of the huge debt burden her inherited from the Left Front regime, Banerjee had last week sought an appointment with Modi, urging him to consider the demand. "I have written to the Prime Minister to consider waiver of the debt burden on us immediately. I have sought an appointment to meet him along with a delegation of my Members of Parliament to discuss the issue," Banerjee had said on Facebook on February 25.

The deduction of about Rs 28,000 crore every year towards debt taken by the previous has been increasing. "No other state in the country is as 'debt-stressed' as West Bengal because of the gross misrule of the previous Left Front for 34 long years."

"Our state needs immediate relief from the debt burden, so that growth and development efforts continue unhindered," Banerjee had said. State Finance Minister Amit Mitra had on February 28 referred to the increase in devolution of funds by the Centre from 32 per cent to 42 per cent and aggregation of all central grants, grants-in-aid and additional central assistance given to states in last year's amounted to 61.88 per cent. "Last year it was 61.88 per cent and next fiscal it would be 62 per cent. It (financial package) is a bluff," he had said, adding, it is not clear and also not sure whether the special package would come at all.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, March 02 2015. 20:16 IST