Mamata Banerjee govt completes 100 days
The financial crisis, inherited by the TC government, has Bengal`s total outstanding liability at more than Rs two lakh crore in the fiscal year that ended in March 2011.
Kolkata: Mamata Banerjee government
completed 100 days in office on Saturday striving to fulfil most of
the 200-day agenda outlined in the Trinamool Congress election
manifesto while facing uphill task in solving issues like the
Maoist problem and tackling financial crisis.
The financial crisis, inherited by the TC government, has
Bengal`s total outstanding liability at more than Rs two lakh
crore in the fiscal year that ended in March 2011.
The Centre`s Rs 21,614 crore financial package to help
the debt-laden state back on track has, however, failed to
"Though we are not satisfied, we understand that the
Centre has some compulsions," she had said recently.
The CM had said the actual grant amounts to Rs 9,240
crore and will be used for development. The state has to raise
the balance Rs 12,374 crore from the market and the Centre has
enhanced the state`s borrowing limit as part of the package.
Among various initiatives of the new government, the most
popular one is the decision to return 400 acres of land to the
farmers of Singur acquired from them for the Nano car factory
of the Tata motors and now lying abandoned.
Her government had passed a bill in the Assembly to
return a portion of the land acquired by previous Left Front
government from the unwilling farmers for the factory.
However, Tata Motors has challenged the Singur Land
Rehabilitation and Development Act, 2011 and the case in being
heard by Calcutta High Court.