Centre should allow states to collect central taxes: Mamata Banerjee
- Trouble mounts for Sreesanth as Mumbai cops gather more evidence
- SIT to seek Supreme Court guidance on Maya Kodnani death penalty issue
- Tamil Nadu police bans Yasin Malik-linked pro-Eelam public meeting
- Kings XI Punjab end IPL 2013 campaign with a win
- Narendra Modi: India losing sheen as agricultural nation
"I think the Centre should allow a state to collect central taxes and govern the state on the basis of that," she told a convention of the Trinamool Congress's student and youth wings at the Netaji Indoor stadium here.
Banerjee said the Centre collects Rs 40,000 crore in taxes from the state annually and gives back only Rs 19,000 crore, which is just 2.5 per cent. The states overall get 32 per cent of the taxes collected by the Centre.
The Centre had allowed the previous Left Front government to take loans rampantly which led to a mounting debt over Rs 2.3 lakh crore which we inherited when we came to power, she said.
"There could be more debts because now we are coming across cases where CPI(M) leaders had taken loans to buy buses from the state co-operative bank, but had not repaid," she said, pointing, that the Centre did not stop the previous government from taking loans indiscriminately, but it stopped the present government.
"Our annual revenue is Rs 21,000 crore while we have to pay annual interest of Rs 26,000 crore. How will we work then? How do we manage the rural development works unless there is money? Would we go for theft and dacoity?" she said.
She said the Centre would go announcing many sops in the coming Budget for the masses, but it would hardly implement them as the election would be approaching.
Banerjee said in the coming Lok Sabha election too the CPI(M), Congress and BJP would unite against Trinamool Congress.
- Destitute, orphan students outclass rest in Andhra Class 10 exams
- To re-energise ties, PM wants to visit US, waits for confirmation
- NIA court says no terror link, frees 'Hizbul militant' Liyaqat on bail
- CBI arrests its coal allotments investigator on bribery charge
- ‘Cricketer-bookie Amit may have used Jiju to reach Sree’
- BCCI chief N Srinivasan says police must prove spot-fixing allegations