Sun, May 28, 2017 | updated 12:02 PM IST

WB FM walks out of pre-budget meet, terms it meaningless

Updated: Jan 04, 2017 17:30 IST      
WB FM walks out of pre-budget meet, terms it meaningless

Kolkata (West Bengal) [India], Jan. 4 (ANI): West Bengal Finance Minister Amit Mitra on Wednesday walked out of the pre-budget meet, saying there is financial emergency in the country and budget has become meaningless.

"I am saying this with heavy heart that I walked out of the pre-budget meet after my presentation, in a protest in the appropriate manner that democracy deserves. I primarily spoke on demonetisation and what it is doing to the economy as the perspective of the budget. This is financial crisis of derailing the economy. The budget has become relatively meaningless because a part of budget has already been delivered by the Prime Minister for the first time in the history of India," Mitra told the media here.

He further said the country's economic growth has been sacrificed and Rs.1.26 lakh crores have been sacrificed in transaction cost in 50 days, according to research.

Mitra also stressed upon the problem being faced by the small and medium enterprises and unorganised sectors post demonetisation drive while asserting that the Central government is not bothered about the issues.

"The diamond workers have come back to our state from Gujarat. In Maharashtra there are 24 lakh powerlooms, out of which 12 lakhs have been closed today and the workers from there have been gone to their state. Leather industry in West Bengal has completely collapsed. So, small and medium enterprises, unorganised sectors are starving. The poor workers have no way but to go back home and they add to the liability of their home rather than asset," Mitra told media here.

"Last year there was 11 percent growth and this year it is growth of negative two percent which means Bengal has lost 13 percent of potential taxes. 11 percent which we have made has been extinguished. States are today suffering with 30 to 40 percent decline in the budget," he added.(ANI)

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Updated: May 28, 2017 10:57 IST     

New Delhi [India], May 28 (ANI): The Central Board of Secondary Education (CBSE) on Sunday declared the examination results of the Senior Secondary School Examinations (Class 12) which were conducted in March and April this year.

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Delhi: E-rickshaw driver killed for opposing public urination

Updated: May 28, 2017 10:33 IST     

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Chennai: Three burnt to death inside a car

Updated: May 28, 2017 10:04 IST     

Chennai (Tamil Nadu) [India], May 28 (ANI): Three people, including a woman, were burnt to death inside a car in Chennai's Mahabalipuram yesterday.

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UP horror: Women molested in broad daylight, video goes viral

Updated: May 28, 2017 09:33 IST     

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Sanjay Mittal kidnapping: Two more arrested from UP

Updated: May 28, 2017 08:56 IST     

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Delhiites wake up to a rainy Sunday

Updated: May 28, 2017 08:36 IST     

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Jharkhand: Naxals kill villager for being 'police informer'

Updated: May 28, 2017 08:08 IST     

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Muslims observe first day of holy month 'Ramazan' from today

Updated: May 28, 2017 08:08 IST     

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JD (U) hails Nitish, PM meet

Updated: May 28, 2017 06:30 IST     

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Congress puts onus on Centre over Tral encounter

Updated: May 28, 2017 05:27 IST     

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BJP slams 'immature' Rahul Gandhi over Saharanpur visit

Updated: May 28, 2017 03:54 IST     

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INS Ganga retiring today

Updated: May 28, 2017 01:08 IST     

New Delhi [India], May 28 (ANI): Indian Navy frigate INS Ganga will be placed in non-operational category from Sunday, followed by decommissioning, after 32 years of service.

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