
Kolkata, Jan 7 (IANS) Union Finance and Corporate Affairs Minister Arun Jaitley Wednesday assured the Mamata Banerjee government in West Bengal of strong support in the state's industrial growth.
"I am sure when each of one of you invests in the state, I am here to assure you the central government will strongly stand behind the state government in order to support each one of the rupees and dollars that you invest in the state," Jaitley told industrialists at the inaugural session of the two-day Bengal Global Industrial Summit here.
Jaitley said West Bengal will be a major beneficiary of the coal auctions and steps are being taken to reduce the financial burden on the state.
"Not only are we going to pay you (West Bengal) one instalment of the Central Sales Tax (CST) compensation by March 31 this year, but balance amount will also be paid in the times to come," Jaitley said.
"I have already given my commitment with regard to the CST compensation so that their fiscal position is eased," he added.
According to Jaitley, India has now reached not only an era of cooperative federalism, but also of competitive federalism, with states vying with one another for industrial supremacy.
"We are in an era of cooperative federalism - we have to cooperate with each other. We are also living in an era of competitive federalism and interested so that equity of states remain. The inequity between the western part of India and eastern part now needs to change," the union minister said.
Jaitley said the Centre has given assurance to the states that as a result of the implementation of the Goods and Service Tax (GST) no state will lose any revenue.
"In the case of West Bengal, which is predominantly a consuming state, I have least doubt in my mind that their revenue position is going to be much better in year one of the GST implementation itself," he said.
The 96th Academy Awards has announced the names of the winners. The event, which took place at th
New Delhi: mucormycosis or Black Fungus has become a problem in the second wave of Corona in the
It has been 11 days since the release of the Malayalam film 'Lokah Chapter 1' today on the second
Why do laptops overheat while working, how to correct the problem of overheating in laptops
Many times you must have noticed that the laptop gets very hot while working. By the way, when we
Nokia G11 Plus and Motorola Moto G22 get 50MP camera, know other features and price
Nokia G11 Plus: The Nokia G11 Plus smartphone is now available for sale in India. This Nokia smar
Ellyse Perry Record ENG W vs AUS W The only Ashes Test between England and Australia women's cric
Navjot Singh Sidhu In Jail: After being sentenced in the 34-year-old road rage case, former Punja
Prime Minister Narendra Modi said that terrorists from Pakistan had destroyed the vermillion (sin
So far, three films of the Bhool Bhulaiyaa franchise have been released. Akshay Kumar appeared in
Kerala bar owner's tapes suggest leaders knew of Mani bribe
Thiruvananthapuram, Jan 19 (IANS) Two audio recordings of