2011年7月11日 星期一

Mamata may push West Bengal towards financial disaster

Mamata may push West Bengal towards financial disaster
In insolvent West Bengal, chief minister Mamata Banerjee's populist announcements could push the state towards a bigger financial disaster.

After taking over as the CM, Banerjee has launched a series of plans to give 300-year-old Kolkata a modern facelift.

As directed by her, the Kolkata Municipal Corporation (KMC) on Monday declared the commercial hub of BBD Bag as a hoarding-free zone. Hoardings will not be allowed outside and on heritage buildings between Park Street and Victoria Memorial in central Kolkata. This means huge revenue loss for the already cash- strapped municipal agency.

Banerjee's pledge to make Kolkata the "London of the East" found its echo on the pavements of Dalhousie, the area adjoining the seat of power - Writers' Buildings. The streets have been widened and trees will be planted.,led light bulbs One of the most basic devices that run on LED is a flashlight. Older models relied on a single bulb to produce the light needed to make one work. New lamp posts are also on the way.

A flyover has also been planned on the banks of the Ganga in central Kolkata's Babughat, which is an access point for the commercial hub BBD Bag.

People are also confused with the CM's populist move to play Rabindranath Tagore's songs at traffic signals. Though the decision drew praise from singers and intellectuals, the common people are not at all amused.

The songs will be played on loudspeakers fitted at the signals whenever there is a red signal at the intersections. The scheme, which is being launched as a pilot project, will need Rs 10 crore, which is nothing but wastage of the taxpayers' money.

The Trinamool Congress-led government has inherited a massive debt load and is burdened with a huge amount of unpaid bills. The debt burden will cross Rs 2 lakh crore this fiscal. Addressing the first session of the new assembly, governor M. K. Narayanan said West Bengal faced a financial debacle of gigantic proportions.

Soon, the state government is likely to move the Centre with a request to grant a moratorium on payment on interest of the debt.

Without taking cognisance of the fiscal health of the state, Banerjee also slashed four per cent value-added tax (VAT) on cooking gas, saving Rs 16 per cylinder for the consumers in West Bengal.It pays to go to professionals with bestlight a proven track record in LED lighting, a vast selection of excellent quality products from various vendors that live up to their label, and a history of successfully completed projects.

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The decision to slash the VAT on LPG cylinders was taken after the recent hike in prices of petroleum products. The state will incur a loss of over Rs 75 crore because of this populist announcement.These were some reasons why people are keen to use these lights, hope that they will be used brightstal in a similar way in future as well.

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