Singha wrote:suppose this bailout were given to WB? does mamata plan to use that to write off losses already on the books, or keep alive WB style defunct PSUs whose production ceased long back but employees show up to sign attendance register and take salary even after they have passed away due to proxy voting , or has some plans to invest and revitalize the industrial and agri sectors?
knowing her antics, it will not be any sustainable scheme. in economic policies there is not much to choose between the marxists who got kicked out and mamata? they all believe that business ought to exist not for profit making but to redistribute wealth in a sort of low tech maoist commune in the 21st century . no wonder WB manages to attract no big ticket investments for long now.
Singhaji, WB has been under commie propaganda for over 30 years. An entire generation has come up believing that commie policies are good for the state, even as the state dropped from first to near rock bottom in terms of industry, health, education, etc. Mamata herself is just a shadow of the communist party. I don't really like Mamata but she is better than commies and provides space for an opposition party.