PM soothes Buddha’s recession fears

Prime Minister Manmohan Singh has written a letter to West Bengal Chief Minister Buddhadeb Bhattacharjee,apprising him of all the measures being taken to check the slump....

Written by Express News Service | Kolkata | Published:January 22, 2009 12:51 am

Prime Minister Manmohan Singh has written a letter to West Bengal Chief Minister Buddhadeb Bhattacharjee,apprising him of all the measures being taken to check the slump arising out of the global financial crisis and recessionary trend.

In his letter,Singh explained how the central government was pumping money in the infrastructure sector to generate income among the people.

Bhattacharjee was also informed that the Central government was ready to increase the borrowing limit of the state governments from banks.

On several occasions,Bhattacharjee had expressed serious concern about the world recessionary trend. “It’s a global phenomenon and we could not avoid it. But we don’t know how it will hit us. That is why I am very concerned about that,” he had said.

In a separate development,Shyam Saran,the prime minister’s special envoy on climate change,is scheduled to meet the chief minister next week. Bhattacharjee had expressed worries on climate change and even set up a committee headed by noted environmentalist Rajendra Pachauri to see what measures West Bengal could take to check environmental degradation.

For all the latest News Archive News, download Indian Express App

  1. No Comments.