Mamata Banerjee vows to free West Bengal from debt burden
14 May 2013 3:42 PM IST
Noting there has been a 30 per cent increase in revenue generation in West Bengal, state chief minister Mamata Banerjee on Monday vowed to free the state from the crippling debt burden, which had been passed on from by previous government.
Banerjee said that the revenue had gone up by 30 per, but regretted that only 30 to 32 per cent of the money had been spent on development while the rest went to meet the interest on the 2.5 lakh crore debt.
‘The revenue figures have gone up by 30 per cent. We have spent 32 to 30 per cent in development. But the problem is that the Centre is deducting money for the loan borrowed by the previous government,’ she said at a state government programme here. She attacked the centre for ‘economically’ depriving the state, saying, ‘We have debt and the creditors. And after meeting the debt, we will make Bengal not a debt-ridden state but a life-oriented one’.
The Trinamool Congress government has been consistently asking the Centre to allow a three-year moratorium on interest payment on loan taken by the previous government.
HC REFUSES TO SUSPEND VERDICT ON RURAL POLLS
The Calcutta high court, hearing the West Bengal government’s appeal over the panchayat polls issue, on Monday refused to suspend its earlier verdict that upheld the primacy of the state election commission. State government’s attempt at an injunction has been refused.
Banerjee said that the revenue had gone up by 30 per, but regretted that only 30 to 32 per cent of the money had been spent on development while the rest went to meet the interest on the 2.5 lakh crore debt.
‘The revenue figures have gone up by 30 per cent. We have spent 32 to 30 per cent in development. But the problem is that the Centre is deducting money for the loan borrowed by the previous government,’ she said at a state government programme here. She attacked the centre for ‘economically’ depriving the state, saying, ‘We have debt and the creditors. And after meeting the debt, we will make Bengal not a debt-ridden state but a life-oriented one’.
The Trinamool Congress government has been consistently asking the Centre to allow a three-year moratorium on interest payment on loan taken by the previous government.
HC REFUSES TO SUSPEND VERDICT ON RURAL POLLS
The Calcutta high court, hearing the West Bengal government’s appeal over the panchayat polls issue, on Monday refused to suspend its earlier verdict that upheld the primacy of the state election commission. State government’s attempt at an injunction has been refused.
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