Summary:
Kolkata: State Finance minister Amit Mitra said on Thursday that an unstable real exchange rate due to borrowing of foreign money may jeopardise the businesses in the country. Mitra also urged the businessmen to be careful while borrowing foreign money. Sharing some Bengal-specific data, Mitra said planned expenditure in the state has increased six times in last eight years, while the capital expenditure in the state has increased 11 times. According to Mitra, the physical infrastructure in the state has also increased five times. The Centre has also slashed the budgetary allocation for the umbrella schemes for scheduled castes by 28.4 percent..