Mamata seeks states' loan waiver & restructuring
West Bengal (WB) CM Mamata Banerjee on Saturday sought the formation of a Finance Minister-headed committee to look into the waiver and restructuring of the states' outstanding loans. She said that WB suffered around ₹6,500 crore revenue loss from 2011-12 to 2015-16, which the Centre has not compensated. The situation will worsen with the WB pay commission's implementation, she added.