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West Bengal Economy Shows Slow Recovery, Chief Minister Says

West Bengal Economy Shows Slow Recovery, Chief Minister Says
CM Adhikari says Bengal economy on slow road to recovery · thehansindia.com

West Bengal’s Chief Minister said the state’s money problems are beginning to improve.

He said the recovery is slow and could take about a year.

He blamed the previous government for poor financial management, corruption-related losses and not joining some Central schemes.

The current government says joining those schemes is bringing more money into the state.

It also says it has reduced some revenue leaks.

The government expects this could increase the state’s own tax revenue by 18 percent.

Monthly payments for older people, widows and people with disabilities have risen from Rs 1,000 to Rs 1,500.

Officials are checking whether the right people receive welfare payments.

Earlier waiting lists have been cancelled, so people must apply again through new public welfare camps.

Key facts

Allowance increase
Old-age, widow and disability payments rose from Rs 1,000 to Rs 1,500 per month.
Expected tax-revenue improvement
The government expects measures against revenue leakages to improve its own tax revenue by 18 percent.
Economic recovery timeline
Adhikari said it may take about a year for the state to emerge from the economic crisis.
Central schemes
The state has decided to join various Central schemes, which the Chief Minister said are bringing in more funds.
Beneficiary verification
The government is identifying fake beneficiaries, including alleged cases of men receiving widow allowances.
Previous waiting lists
Waiting lists prepared under the previous government were cancelled, with fresh applications to be accepted at public welfare camps.

Quotes

Suvendu Adhikari

West Bengal Chief Minister

“We have been able to plug such revenue leakages to a great extent. I hope these leakages will be addressed further in the coming days, leading to a further improvement in the state’s own revenue generation.”
thehansindia.com
“All the waiting lists of the previous government stand cancelled from today. We will hold public welfare camps again. Everyone will go there and make fresh applications.”
thehansindia.com

Sources

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