kolkata, Aug 11 The Mamata Banerjee government has sought six month’s time from nine nationalised banks to repay the principal amount of the loan taken by erstwhile Left Front government in 2004-05 for supplying iron ore to a China-based firm.
“We will soon hold a meeting with the banks and tell them of our inability to pay them the interest amount. We will only be able to repay the principal amount taken from them by the Left Front government for supplying iron ore to China,” West Bengal Food Supplies department minister Jyotipriyo Mallick today said.
The West Bengal Essential Commodities Supply Corporation Ltd (WBECSC) during 2004-2005 had taken loan of over Rs 370 crore from nine nationalised banks for reportedly exported inferior q…
Read the full article at: https://www.outlookindia.com/newsscroll/wb-govt-seeks-six-months-time-to-repay-principal-loan-amount/1121697