Summary:
Mitra pointed out that LIC's NPA that stood at Rs 12,213 crore in March 2015, has plummeted to Rs 30,000 crore in September 2019. Moreover, Bengal has not got GST compensation to the tune of Rs 2,406 crore that was due in January. The Finance minister was also critical of the Centre for imposing more cess surcharge upon the states. According to Mitra, at a time when the growth rate of the country has decreased to 5 percent, Bengal's growth rate has been 12.58 percent. The minister's statement assumes significance as Noble laureates Amartya Sen and Abhijit Banerjee had said that growth rate can be raised only when consumption amount reaches the hands of common people..