For the first time in past 4-5 decades a Bengal CM has held the finance portfolio. Senior Trinamool leader Chandrima Bhattacharya is likely to be appointed MoS for Finance.
Bengal showed receipt of investment proposals worth Rs 12.32 lakh cr between 2015 and 2019. But DPIIT data shows Rs 37,051 crore, kicking up political storm.
Finance Minister Amit Mitra says proposals worth over Rs 12 lakh crore received at Bengal Global Business Summits between 2015 & 2019, 28 lakh jobs generated.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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