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Mamata Banerjee meets PM Modi, discusses about Bengal's debt problem

 West Bengal Chief Minister Mamata Banerjee will seek an interest waiver for her state on the repayment of huge debt during a meeting with Prime Minister Narendra Modi in New Delhi on Monday.

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West Bengal Mamata Banerjee met PM Narendra Modi in the Parliament on Monday noon. 

After the meeting, Mamata said that she has informed PM Modi about the economic situation of the state and has asked for debt relief. 

 She had earlier skipped the NITI Ayog meeting called by Modi where chief ministers of several states were present. She is also likely to meet Finance Minister Arun Jaitley on March 10 and seek more funds and debt waivers for her state, which facing a severe financial crisis.

The state inherited a huge debt burden from the previous Left Front regime which ruled the state for 34 years and it is our legitimate demand to seek waivers, a close aide of Banerjee said.

According to the recommendation of the Fourteenth Finance Commission, Bengal will receive around Rs 12,000 crore as grant-in-aid from the Centre which will be released to the state in phases over couple of years. However, Banerjee is insisting on a moratorium on payment of loan which is around Rs 28,000 crore a year. She had sought the waivers earlier during the UPA regime also and met the then Prime Minister Manmohan Singh. Recently the TMC MPs had backed the CPI(M) moved amendment on the motion of thanks to the President's address on black money issue causing embarrassment for the Modi-led government in the Rajya Sabha. 

With agency inputs

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