National

W. Bengal registers 110% growth in State Plan release

Abhishek Law Kolkata | Updated on September 20, 2014 Published on September 20, 2014

Finance, Commerce and Industry and IT Minister, Amit Mitra. (file photo)

West Bengal has witnessed a 109.73 per cent increase in State Plan release till September 15 this fiscal.

According to State Finance, Commerce and Industry and IT Minister, Amit Mitra, the release has been made under various State Plan heads as well as by combining a number of central schemes such as MGNREGA, NHRM, and PMGSY.

On its own, the State has seen a 63 per cent growth in its planned expenditure. Approximately, ₹ 20,607 crore has been released under the State Plan head.

"We have seen a huge increase of 109 per cent in State Plan release. This includes various central schemes too. If we take out these Central schemes, then we have seen a 63 per cent increase," he said during the AGM of the 127th Bengal National Chamber of Commerce and Industry (BNCCI) here on Saturday.

Similarly, the State Capital Expenditure has seen a 43.66 per cent growth in 2013-14 against 21.96 per cent growth in 2012-13.

"What this means is, we are creating assets in the State. Until we came to power there was a negative growth in capital expenditure here," he maintained.

During the first quarter (April to June) of this fiscal (2014-15), the State registered a higher than national growth in terms of GDP, industrial and IIP.

While GDP growth stood at 8.9 per cent, national GDP was at 5.7 per cent.

During the period, the State's industrial growth stood at 6.28 per cent against 4.2 per cent (nationally).

Similarly, the State's IIP stood at 4.6 per cent. India's IIP during the period stood at 3.9 per cent.

Published on September 20, 2014

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Sincerely,

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.