Govt's bailout package for West Bengal likely - NewsX

Keeping the upcoming Presidential elections in mind, it looks like a bailout package for West Bengal govt is likely. Mamata Banerjee's support for Pranab Mukherjee as the President candidate is crucial for UPA. The pressure from Trinamool Congress chief Mamata Banerjee seems to be prodding the government into wrapping up a cash-centric package for the three debt-laden states of West Bengal, Punjab and Kerala.Government sources said that although Banerjee's argument for a moratorium on loan repayment was not tenable, ways are being swiftly devised to rush a cash package to her.

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