Government mulls cash bailout to please Didi
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 were being swiftly devised to rush a cash package to her. The finance ministry had turned down the demand for a moratorium, pointing out that the state government had borrowed the funds from the public and the Centre could do little to deal with these investors.
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