 bill no 102 of 2014 the special financial assistance to the state of west bengal bill, 2014 byprof saugata roy, mp a billto provide for special financial assistance to the state of west bengal for the purpose of promoting the welfare of the scheduled castes, the scheduled tribes and other backward sections of people; for the development, exploitation and proper utilization of its resources and to relieve its debt burden be it enacted by parliament in the sixty-fifth year of the republic of india as follows:—short title and commencementspecial financial assistance to the state of west bengal52 there shall be paid such sums of moneys out of the consolidated fund of india, every year, as parliament may by due appropriation provide, as special financial assistance to the state of west bengal to meet the costs of such schemes of development, as may be undertaken by the state with the approval of the government of india for the purpose of promoting the welfare of scheduled castes, scheduled tribes and other backward sections of people and for the development, proper utilization and exploitation of the resources in the state3 the state of west bengal shall be given a moratorium on payment of interest on its outstanding debt by the central government for a period of three yearsmoratorium on interest payment104 the provisions of this act shall be in addition to and not in derogation of any other law for the time being in forceact not in derogation of other laws statement  of  objects  and  reasonsthe state of west bengal is socially and economically backward the problems of poverty, unemployment and illiteracy are required to be addressed urgently and in a time-bound manner measures for proper utilization of resources, welfare of weaker sections in the region and initiating new development schemes are also required to be undertaken in an expeditious and time-bound manner the state of west bengal has also been facing the problem of naxalite violence for a number of years in view of its economic backwardness, the naxalites have found sympathetic elements within the population therefore, economic backwardness is the root cause of the naxalite problem it is, therefore, necessary that the central government should provide special financial assistance to the state of west bengal for its all-round development including the welfare of weaker sections and for the development and exploitation of its vast natural resources such a step of providing financial assistance to this state would go a long way in building this nation more and more strongfurther, when the new government took charge about three years ago, the state of west bengal had an outstanding debt of rupees two lakh and three thousand crore as such, the state is required to pay bulk principal and interest at the rate of rupees twenty six thousand crore a year, which is more than the revenue earnings therefore, the state of west bengal also needs a moratorium on its interest repayments for a period of three years in order to overcome its financial problemhence this billnew delhi;saugata  royjuly 8, 2014———— president's  recommendation  under  articles 117(1) and 117(3) of the constitution————[copy of do no 42(11) pf-i/2014 dated 31 july, 2014 from shrimati nirmala sitharaman, minister of state in the ministry of finance to the secretary-general, lok sabha]the president, having been informed of the subject matter of the special financial assistance to the state of west bengal bill, 2014 by prof saugata roy, mp, recommends the introduction and consideration of the bill by lok sabha under articles 117(1) and 117(3), respectively, of the constitution financial  memorandumclause 2 of the bill provides that there shall be paid such sums of moneys out of the consolidated fund of india, every year, as parliament may by due appropriation provide, as special financial assistance to the state of west bengal to meet the costs of such schemes of development, as may be undertaken by the state with the approval of the government of indiathe bill, therefore, on enactment, will involve expenditure out of the consolidated fund of india for providing special financial assistance to the state of west bengal as the sums of moneys which will be given to the state of west bengal as special financial assistance by appropriation by law made by parliament will be known only after the welfare schemes to be implemented by the state government with the approval of government of india are identified, it is not possible to give the estimates of recurring expenditure, which would be involved out of the consolidated fund of india at this stage the moratorium would not involve any outgo from the consolidated fund, but would only mean deferment of incomeno non-recurring expenditure is likely to be incurred from the consolidated fund of india—————— a billto provide for special financial assistance to the state of west bengal for the purpose ofpromoting the welfare of the scheduled castes, the scheduled tribes and otherbackward sections of people; for the development, exploitation and properutilization of its resources and to relieve its debt burden————(prof saugata roy, mp)gmgipmrnd—2063ls(s-3)—01-11-2014