West Bengal may soon be the recipient of a special financial package worth as much as Rs8,750 crore for its backward districts, something that should put a welcome smile on the face of chief minister Mamata Banerjee, if it happens. This sort of cash comes dearly after all to a central government that’s staring at slowing growth and can’t seem to get its policy reform engine to restart. Still, it wouldn’t go amiss for a little financial largesse to act as a priming mechanism.
West Bengal chief minister Mamata Banerjee. Photo: Bloomberg
After all, if the 18 Lok Sabha members who belong to Banerjee’s party were to look favourably upon the move to allow overseas companies to invest up to 51% in multi-brand retail, it would mean Prime Minister Manmohan Singh’s government would have something to show on the reform front. There, however, is no guarantee that special packages should always lead to special resolutions.
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