Category Archives: Economy

Economy, West Bengal

Farmers Reap Profits with Raja Jute as Cultivation Successes Rise Across Bengal

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Baby Chakraborty, KalimNews, March 22, 2025, Kolkata : Farmers across West Bengal are experiencing a significant boost in earnings, with the cultivation of Raja Jute proving to be highly profitable. Raja Jute, a variety of jute known for its taller stature and superior fiber quality, is providing farmers with an additional profit of ₹10,000 per acre. This new variety has sparked so much enthusiasm that it has even inspired folk artists to compose songs in its honor.


The remarkable Baby Chakraborty, KalimNews, March 22, 2025, Kolkata : uccess of Raja Jute has been seen across multiple districts, with seed developer Nuziveedu Seeds praising the positive outcomes. To highlight the benefits, a series of ‘Celebrity Mega Field Day’ events have been organized in districts like Nadia, Murshidabad, Malda, and North 24 Parganas. These events have provided a platform for farmers to learn about the advantages of Raja Jute and hear success stories from their peers.

At an event held in Baliura village of Patharghata 2 No. Gram Panchayat, well-known Sa Re Ga Ma Pa artist Dipayan Banerjee performed songs that highlighted the benefits of the Raja Jute seeds (NJ 7005). Through music and discussions, Banerjee shared stories of farmers who had seen impressive results from cultivating this variety.

According to Nuziveedu Seeds, Raja Jute offers farmers at least 2 quintals more per acre compared to traditional varieties, contributing to higher yields and increased profits. This success is attributed to its longer fibers, thicker bark, and overall greater productivity. The NJ-7005 Raja Jute variety, developed in 2020 by Dr. Mohammad Mosiur Rahman, head scientist at Nuziveedu Seeds, has revolutionized jute farming with its low cultivation costs and superior-quality fiber.

The Raja Jute variety stands out for being at least two feet taller than regular jute, resulting in more fiber production. As a result, farmers are now able to sell their crops at higher prices, addressing the longstanding issue of shorter Indian jute fiber, which has been a challenge for industries.

Farmers are encouraged to look for the government-approved blue sticker on seed packets to ensure they are purchasing authentic NJ-7005 seeds. Many farmers across various villages have already adopted this variety and are seeing improvements in both their yields and their livelihoods. Motivated by these successes, many farmers plan to continue cultivating Raja Jute for future seasons.

In Malda’s Kalitala, Bhutni, and Manikchak, renowned folk singer Uttam Baul performed songs celebrating Raja Jute on March 22. His performance captivated the audience, sparking further enthusiasm among locals to embrace this new seed variety. As more farmers discover the potential of Raja Jute, this variety is poised to open new opportunities for jute farming across the region.
Economy, West Bengal

Introduction of Agricultural Drones in Basirhat Revolutionizes Farming Practices

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Baby Chakraborty, KalimNews, March 5, 2025, Basirhat, North 24 Parganas :  The use of drones in agriculture has begun in Basirhat, surprising many and ushering in a new era of technological advancement in farming. A special workshop was organized from the border of Basirhat to encourage farmers in the Sundarbans to adopt modern agricultural equipment, including state-of-the-art agricultural drones, for enhanced farming efficiency.


With financial support from the state government’s agriculture department, agricultural drone technology made its debut in the Haroa block of the Sundarbans, Basirhat. These advanced drones allow for the automated and precise application of irrigation, chemical fertilizers, pesticides, medicinal plants, and sub-nutrients from desired heights. This innovation significantly reduces farming costs and minimizes the demand for manual agricultural labor.

While concerns about potential job losses exist, the integration of modern technology in agriculture cannot be overlooked. The adoption of drones and other advanced machinery is expected to make farming more environmentally friendly, high-yielding, and overall more profitable. Apart from drones, the government-subsidized agricultural machinery bank provides a diverse range of farming equipment, including tractor-trolleys, power-driven chaff cutters, and pulverizers.

Additionally, two government-recognized farmers’ organizations have established machinery rental centers in Haroa block. These centers offer equipment such as tractors, mini rice mills, and rotavators, allowing local farmers to rent necessary machinery at affordable prices for use on their land. This initiative not only benefits individual farmers but also provides financial advantages to farmer production groups.

A special workshop was held at Haroa Basabati to introduce farmers to these cutting-edge technologies and demonstrate their applications. Farmers expressed enthusiasm and optimism about the use of modern technology in agriculture, recognizing its potential to enhance productivity and sustainability.
Economy, West Bengal

NABARD Sets Rs. 3.80 Lakh Crore Credit Target for West Bengal’s Priority Sectors in 2025-26

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Baby Chakraborty, KalimNews, March 1, 2025, Kolkata :  The National Bank for Agriculture and Rural Development (NABARD) has set an ambitious credit target of Rs. 3.80 lakh crore for priority sector lending in West Bengal for the financial year 2025-26, marking a 20.63% increase over the previous year. This announcement was made by Shri P.K. Bhardwaj, Chief General Manager of NABARD, during the State Credit Seminar held on 28th February 2025 at Hotel Lalit Great Eastern.

NABARD prepares the Potential Linked Credit Plans (PLPs) for each district annually, using a consultative approach aimed at facilitating the distribution of credit for priority sector activities. These plans assess factors such as resource availability, credit deployment trends, infrastructure needs, market opportunities, and government policies to determine the potential for priority sector lending by banks. The district-specific potentials are compiled into the State Focus Paper (SFP), which is used to highlight sectoral credit opportunities, infrastructure gaps, support linkages, and critical policy issues that require intervention from stakeholders to ensure sustainable socio-economic development.

The State Focus Paper for FY 2025-26 was unveiled at the seminar by Shri Prabhat Kumar Mishra, Additional Chief Secretary of the Finance Department, Government of West Bengal. Other key attendees included Shri Onkar Singh Meena, Principal Secretary of Agriculture, along with officials from various government bodies, the Reserve Bank of India (RBI), State Bank of India (SBI), and other financial institutions. Senior officials from the state government, zonal and regional heads of commercial banks, and lead district managers participated in the seminar virtually.

During the seminar, Shri Bhardwaj shared that the Rs. 3.80 lakh crore credit potential for the state in the coming year includes a significant focus on agriculture. The agriculture sector, including agri-infrastructure and ancillary activities, accounts for 33.42% of the total credit target, amounting to Rs. 1.27 lakh crore. He emphasized the unique agricultural challenges in West Bengal and stressed the importance of initiatives in areas such as Farmer Producer Organizations (FPOs), climate resilience, and the processing and marketing of agricultural products. He further called for sufficient credit allocation and collaboration among stakeholders to foster accelerated development.

Shri Balbir Singh, General Manager of the State Level Bankers’ Committee (SLBC), acknowledged NABARD’s extensive research and studies in agriculture, pointing out the state’s immense export potential. He underscored the need to exceed annual credit targets for the upcoming fiscal year. Shri Satyendra Kumar Singh, Chief General Manager of SBI, also stressed the importance of crop diversification and the adoption of sustainable farming practices.

Smt. Mary L. N. C. Guite, Chief General Manager of RBI, lauded NABARD’s efforts in publishing the State Focus Paper, highlighting the need for financial literacy and addressing the gender gap in the sector. She emphasized the necessity for cooperation between NABARD and RBI to unlock the state’s potential. Shri Onkar Singh Meena, Principal Secretary of Agriculture, GoWB, praised the state’s agricultural credit disbursements, which reached Rs. 75,000 crore and are expected to exceed Rs. 1 lakh crore in the current fiscal year. He called for a market-demand-based strategy and the diversification of crops, particularly focusing on pulses, maize, and oilseeds. He also urged banks to prioritize long-term agricultural financing, particularly for infrastructure such as cold storage, rice mills, and processing facilities.

In his keynote address, Shri Prabhat Kumar Mishra, Additional Chief Secretary of Finance, GoWB, emphasized the need for coordinated efforts among NABARD, the state government, and other stakeholders to address challenges at the ground level. He highlighted the importance of sustainable development initiatives in response to climate change impacts and suggested focusing on the state’s fisheries sector, which holds significant export potential. He also praised the success of Self-Help Groups (SHGs), initiated by NABARD, and suggested scaling up such initiatives.

The seminar also featured the unveiling of a study on the betel vine value chain analysis and success stories from projects funded under the Tribal Development Fund (TDF). Additionally, documentaries on Rural Infrastructure Promotion Fund (RIPF) and TDF projects were released during the event.

West Bengal is home to nearly 90 lakh MSME units, the second-largest number in the country, which play a vital role in the state’s economy. The MSME sector holds a credit potential of Rs. 2.00 lakh crore, representing 52.63% of the total credit potential for 2025-26. Additionally, Rs. 0.53 lakh crore is earmarked for other priority sector activities, including housing, education, social infrastructure, export credit, renewable energy, and loans for SHGs and Joint Liability Groups (JLGs).

The credit projections for the coming year align with both central and state government priorities to accelerate and sustain agricultural growth, improve farmers’ incomes, and support MSMEs. The targeted approach also focuses on enhancing agricultural productivity, fostering food and agro-processing activities, and strengthening informal credit delivery systems such as SHGs and JLGs, contributing to holistic and inclusive growth across the state.

Economy, Politics, West Bengal

West Bengal to Raise Rs 81,972 Crore Loan, Mamata Faces Criticism Over Rising Debt

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Baby Chakraborty, KalimNews, February 13, 2025, Kolkata : The West Bengal government has announced plans to raise a new loan of Rs 81,972 crore from the market, as revealed by Chief Minister Mamata Banerjee during a press conference following the budget session on Wednesday afternoon. This announcement comes as part of the last full budget of the Mamata government before the 2026 assembly elections.


The state’s Minister of State for Finance, Chandrima Bhattacharya, presented the full budget in the assembly on the same day, followed by a press conference with Chief Minister Mamata Banerjee, Bhattacharya, and former Finance Minister Amit Mitra. In the conference, Mamata Banerjee discussed the state’s financial outlook and the necessity of taking this significant loan.

However, the announcement has drawn sharp criticism from opposition leaders, particularly CPI(M) State Secretary Mohammad Salim. Salim questioned the rationale behind the increasing debt, stating that the state’s loan has risen fourfold under the Trinamool Congress government. He expressed concern over where the money from this debt is going, and whether there are tangible benefits for the people of the state.

“What is happening with so much debt? Where is the money from this debt going? What are the obligations? Loans are being taken from the market at high interest rates to satisfy hobbies,” Salim remarked. He further criticized the government’s lack of focus on addressing unemployment, asking, “How many jobs have been created, how many employment plans are there? We don’t know the details.”

Salim also took aim at the state’s housing scheme, sarcastically commenting on the ongoing discussions surrounding it, suggesting that the government’s priorities are misplaced. The opposition’s criticism highlights the growing concerns over West Bengal’s financial management as the state prepares for the upcoming elections.
Economy, Politics, West Bengal

Chief Minister Discusses Future Reduction in Electricity Prices Amid Deucha-Pachami Coal Project

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Baby Chakraborty, KalimNews, Kolkata, February 12, 2025: In a recent press conference following the state budget presentation, Chief Minister Mamata Banerjee addressed public concerns regarding electricity prices in the state, particularly those associated with the Calcutta Electric Supply Corporation (CESC). She expressed optimism about future reductions in electricity tariffs, attributing this potential decrease to the upcoming Deucha-Pachami coal mining project.


The Chief Minister explained that the coal extracted from the Deucha-Pachami area would be utilized to generate electricity for the next century, leading to a significant reduction in electricity costs. She stated, “The coal we will get from Deucha-Pachami, the electricity we will generate for 100 years… when the coal is produced… will come down a lot.” She further emphasized that even if the state government does not increase electricity prices, CESC has the autonomy to adjust rates, which has sometimes led to higher costs for consumers. She noted, “Even if the state government does not increase the electricity price, CESC increases it. People have to suffer a lot. That is not in our hands. It is an autonomous body.”

The Deucha-Pachami coal block, located in Birbhum district, is recognized as Asia’s largest and the world’s second-largest coal reserve. The state government has initiated the extraction process, aiming to commence mining operations promptly. The Chief Minister highlighted the project’s potential to create employment opportunities for approximately one lakh individuals, including those from the local communities. She mentioned, “We are creating this project for the next generation, so that they do not have to face load shedding for 100 years and so that the price of electricity does not increase… so that they get cheap electricity.”

In addition to the anticipated benefits of the Deucha-Pachami project, the Chief Minister outlined the state’s commitment to improving the living standards of the affected communities. She stated that compensation packages would include housing, vehicles, and the development of essential infrastructure such as schools, colleges, and hospitals in the area. She also mentioned the provision of compensation house-books to the landowners.

Despite these positive developments, the Chief Minister acknowledged the ongoing challenges related to electricity supply disruptions, particularly during the summer months. She expressed hope that the successful implementation of the Deucha-Pachami project would alleviate these issues, ensuring a more stable and affordable electricity supply for the residents of West Bengal.

The Deucha-Pachami coal project is expected to play a pivotal role in the state’s energy strategy, aiming to meet the growing demand for electricity while also fostering economic development and job creation in the region. The Chief Minister’s statements reflect a proactive approach to addressing energy concerns and enhancing the quality of life for the people of West Bengal.
Economy, Politics, West Bengal

Finance Minister Announces Rs 500 Crore Allocation for Ghatal Master Plan

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Baby Chakraborty, KalimNews, February 12, 2025, Kolkata : In a significant move aimed at addressing the longstanding issue of flooding in the Ghatal sub-division of West Midnapore, Finance Minister Chandrima Bhattacharya proposed an allocation of Rs 500 crore for the completion of the Ghatal Master Plan during the state budget presentation. The announcement was met with widespread optimism among the residents of Ghatal, who have long faced the consequences of seasonal flooding in the region.


The Finance Minister outlined that the entire Ghatal Master Plan would be completed within two years, and emphasized the importance of the state government’s proactive steps in mitigating the effects of river erosion. As part of the budget, the government has also allocated Rs 200 crore to tackle river erosion and introduced a new project titled “Nadi Bandhan” (River Bond), with a proposed budget of Rs 200 crore for its execution.

The Ghatal sub-division is particularly vulnerable to flooding due to its geographical layout. The Shilabati River flows through the town, but Ghatal itself is situated in a bowl-like depression, which results in water accumulating from all directions without an adequate drainage system. As a result, even a small amount of rainfall during the monsoon season causes devastating floods, severely affecting the local population.

The issue of flooding has been a major concern for residents and was a focal point during the last Lok Sabha elections in the Ghatal constituency. The Ghatal Master Plan was highlighted as a key solution to these recurring problems. The state government has repeatedly accused the central government of failing to cooperate in completing the plan, despite its importance.

During the election campaign, Chief Minister Mamata Banerjee, in support of the Trinamool Congress candidate, actor Dev, made a strong pledge to ensure the state would take the lead in implementing the Ghatal Master Plan, even without central assistance. Following the announcement, the state began allocating funds for the project, with Rs 65 crore already earmarked for the construction of a 3.5 km-long guard wall.

In her address after presenting the budget, Mamata Banerjee reiterated the state’s commitment to addressing the flooding issue, announcing that a total of Rs 1500 crore would be spent on the Ghatal Master Plan, with an initial Rs 500 crore allocated this year. However, she also expressed disappointment over the central government’s lack of support for the initiative. As of now, Rs 340 crore of the initial Rs 500 crore has already been spent on the project.
Economy, West Bengal

National Faceless Assessment Centre Holds Outreach Program in Kolkata to Strengthen Stakeholder Engagement

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Baby Chakraborty, KalimNews, February 7, 2025, Kolkata :  In a continued effort to enhance the efficiency and transparency of the Faceless Assessment and Appeal process, Ms. Jahanzeb Akhtar, the Principal Chief Commissioner of Income Tax (Pr.CCIT) heading the National Faceless Assessment Centre (NaFAC) and National Faceless Appeal Centre (NFAC) in New Delhi, conducted an outreach program today at Aayakar Bhawan, Kolkata. The event aimed to engage with both internal and external stakeholders, understand the challenges faced by them, and gather suggestions for improving workflows and systems within the Income Tax Department.


Ms. Akhtar outlined the significant advancements made in the Faceless vertical of the Income Tax Department, emphasizing the pioneering role of this digitalized system in tax administration. The Faceless Assessment Scheme, launched in 2020 under the leadership of the Hon’ble Prime Minister, stands as a global model for tax administration, utilizing anonymized case allocations and fully digitalized interactions between taxpayers and the Department. This innovative system has been designed to reduce human intervention, thereby enhancing fairness, speed, and transparency.

During her address, Ms. Akhtar urged officers and officials to take pride in the Faceless Scheme, stressing that it is crucial to discard outdated practices that hinder taxpayer convenience and ease of business. She further highlighted the importance of safeguarding the confidentiality and anonymity inherent in the Faceless Scheme, warning that any attempt to compromise its integrity would result in severe consequences. As part of her message, she reinforced the role of tax administrators in upholding the highest standards of professionalism and accountability.

The program also featured presentations and discussions led by key officers from NaFAC and NFAC, including Ms. Sarita Kumari, CIT, Shri Arvind Singh, Addl. CIT, and Ms. Sangeeta Yadav, Addl. CIT. Their contributions centered on improving the faceless tax procedures and addressing any challenges faced by the Department and taxpayers alike.

Shri Shrikant Kumar Ambastha, CCIT for Kolkata Regions 3 and 6, delivered the welcome address, setting a collaborative tone for the discussions. Smt. Nivedita Biswas, CCIT for Kolkata Regions 4 and 5, also participated in the event, offering valuable insights into the ongoing efforts to improve tax administration in the region.

A significant portion of the outreach program focused on engaging with external stakeholders, including tax practitioners, chartered accountants, advocates, and representatives from trade bodies and chambers of commerce. These stakeholders were encouraged to share their honest feedback and constructive suggestions for enhancing the Faceless experience. Ms. Akhtar and her team took the opportunity to onboard these perspectives, aiming to understand the challenges faced by external parties and identify areas for improvement.

At the same time, Ms. Akhtar cautioned external stakeholders against becoming involved in any attempts to unduly influence the outcomes of faceless proceedings, urging them to work in collaboration with the Income Tax Department to improve the system and ensure its continued success.

The outreach program highlighted the government’s commitment to maintaining a robust and transparent tax administration system, with a focus on leveraging technology to simplify the taxpayer experience. As the Faceless Scheme continues to evolve, both internal and external stakeholders are being encouraged to contribute to the process, ensuring that the system remains effective and aligned with the needs of the taxpayers.
Economy

West Bengal CM Mamata Banerjee Announces Rs 350 Crore Assistance for 9 Lakh Farmers Under ‘Bangla Crop Insurance’ Scheme

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Baby Chakraborty, KalimNews, January 9, 2025, Kolkata : Chief Minister Mamata Banerjee has fulfilled her promise to assist Bengal’s farmers by announcing a financial aid of Rs 350 crore under the ‘Bangla Crop Insurance’ scheme. Today, the Chief Minister shared this message of support on her official X handle, confirming that 9 lakh farmers in the state would directly benefit from the financial assistance.

This year, the state faced severe weather challenges, including frequent floods that caused significant damage to crops. The floodwaters submerged large agricultural areas in South Bengal, particularly in districts such as Howrah, Hooghly, East Burdwan, West Medinipur, and Bankura. Paddy fields and other seasonal crops were devastated, resulting in substantial financial losses for farmers. The farmers in North Bengal also faced similar hardships.

Standing by the farmers, Mamata Banerjee announced that the state government would provide financial relief, ensuring that those whose crops were affected by adverse weather conditions in the current Kharif season would receive compensation. Notably, under the ‘Bangla Crop Insurance’ scheme, farmers are not required to pay any premiums, as the state government covers the entire cost for crops, including potatoes and sugarcane.

In her tweet, Mamata Banerjee expressed her satisfaction in delivering this assistance, stating, “I am very happy to inform you that under the ‘Bangla Crop Insurance’ scheme, we have started providing financial assistance of Rs 350 crore directly to 9 lakh farmers of Bengal through their bank accounts. This assistance is being provided to all the farmers whose crops were damaged due to adverse weather conditions in the current Kharif season.”

She further highlighted the success of the initiative, sharing that since the scheme’s inception in 2019, the state government has provided a total of Rs 3,562 crore to 1.12 crore affected farmers. This ongoing commitment underscores the government’s dedication to supporting the agricultural community and alleviating the challenges faced by farmers in Bengal.

Economy, Politics, West Bengal

Mamata Banerjee Returns to Kolkata, Plans Key Meeting on World Bengal Trade Conference and Infrastructure Development

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Baby Chakraborty, KalimNews, Kolkata, January 8, 2025 : Chief Minister Mamata Banerjee returned to Kolkata today after her visit to the Gangasagar Fair, where she took stock of the arrangements for the annual event. Upon her return, the Chief Minister has called for an emergency meeting at Nabanna, scheduled for tomorrow, January 9, to discuss important matters, including the upcoming World Bengal Trade Conference, slated for February 5-6. The conference is expected to be a major platform for showcasing Bengal’s industrial potential ahead of the 2026 assembly elections.


Sources within the administration revealed that the meeting will involve detailed discussions with administrative officials on the planning and execution of the trade conference. Chief Minister Banerjee has been proactive in organizing the event, holding multiple meetings with administrative officials to ensure its success. The World Bengal Trade Conference is seen as a significant initiative to attract global attention to the state’s industrial capabilities, especially as the Chief Minister aims to present Bengal as a key investment hub.

In this crucial meeting, the Chief Minister is expected to receive a comprehensive report from state officials, including Chief Secretary Manoj Pant, on the progress made so far. Last week, a high-level meeting was held under the Chief Secretary’s leadership, and this upcoming session will provide an opportunity for further review and fine-tuning of the plans. Once the Chief Minister gives her approval, the work on the conference will begin in earnest.

Banerjee has placed a strong emphasis on industrial development and attracting investment to West Bengal. She has previously undertaken foreign tours to bring in investments and now intends to leverage this trade conference as a platform to bring the state’s potential to the people. Her vision is to generate employment for Bengal’s educated youth by showcasing the state as an ideal destination for industries. Representatives from the West Bengal Industrial Development Corporation (WBIDC) will also be present to update the Chief Minister on the progress of various industrial and infrastructure development initiatives.

Earlier today, in a separate event, the Chief Minister inaugurated 30 projects and laid the foundation stones for 19 more in South 24 Parganas district, with an estimated financial value of ₹153 crore for completed projects and ₹61 crore for ongoing ones. Notable initiatives include the construction of 17 Anganwadi centers in Sagar block, 12 jetties across Patharpratima, Gosaba, and Namkhana blocks, and the upgrading of the Canning bus terminus. Three bridges over the Moni, Sundarika-Dwarika, and Piyali rivers were also inaugurated. These projects, aimed at improving the quality of life for approximately 19 lakh residents, are seen as vital to the region’s infrastructure and economic development.

In her address, the Chief Minister also emphasized her deep emotional connection with Sagar Island and the Gangasagar Mela, stating that the fair had created a special bond of love between her and the people of the region. To ensure the convenience of pilgrims attending the fair, the government has put in place a range of services, including a stretched power line over the Muriganga river, three permanent helipads, 2,250 government buses, and 250 private buses. Additionally, 100 launches, 21 jetties, and over 12,000 toilets will be made available for the smooth conduct of the fair. A new initiative this year includes providing biodegradable carry bags for devotees to promote an eco-friendly and sustainable fair.

Banerjee also assured that government officials, along with many volunteers, will be working tirelessly around the clock to ensure the welfare of all those attending the fair. She expressed her heartfelt wishes for the well-being of the pilgrims, saying, “With a pious heart, bid farewell to all the unhappy and become a part of this pious bath – this is my prayer to the Almighty.” She urged everyone to participate in the religious event with devotion and unity.

The Chief Minister’s initiatives reflect her ongoing efforts to improve infrastructure, attract investment, and ensure the welfare of the people in both urban and rural areas across the state.
Economy, National, West Bengal

Union Textile Minister Giriraj Singh Inaugurates Permanent Campus of Indian Institute of Handloom Technology in Phulia

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Baby Chakraborty, KalimNews, Kolkata, January 4, 2025 :  Union Textile Minister Giriraj Singh inaugurated the permanent campus of the Indian Institute of Handloom Technology (IIHT) in Fulia, North 24 Parganas, on Saturday, highlighting the government’s commitment to advancing the handloom sector. Speaking at the event, Singh expressed confidence that the newly established institute would evolve into a leading center of learning and innovation in the future.


The Indian Institute of Handloom Technology is part of a nationwide initiative by the Government of India to address the growing need for skilled technical manpower in the handloom industry. Six such institutes have been set up across the country, all operating under the Ministry of Textiles and the administrative control of the Development Commissioner. These institutions aim to protect and promote India’s rich handloom heritage while preparing students with the technical expertise needed to meet the demands of the modern textile industry.

Handloom is one of India’s largest and most important cottage industries, providing employment to millions, particularly in rural and semi-urban areas. The new IIHT campus in Phulia, constructed with an investment of Rs 75.95 crore, is equipped with modern amenities, including computer labs, smart classrooms, and a digital library. Separate hostel facilities for boys and girls have been set up to ensure the safety and well-being of students, fostering a conducive learning environment.

The event was attended by several prominent dignitaries, including Dr. Sukanta Majumdar, Hon’ble Union Minister of State for Ministry of Education and Development of North East Region, Shri Suvendu Adhikari, MLA and Hon’ble Leader of Opposition in West Bengal, Shri Jagannath Sarkar, Hon’ble Member of Parliament for Ranaghat constituency, Shri Parthasarathi Chatterjee, Hon’ble MLA for Ranaghat North West, Shri Bankim Chandra Ghosh, Hon’ble MLA for Chakdaha, Shri Ashim Biswas, Hon’ble MLA for Ranaghat North East, Shri Ashis Kumar Biswas, Hon’ble MLA for Krishnaganj, and Dr. M. Beena, IAS, Development Commissioner for Handlooms, Ministry of Textiles, Government of India.

The new campus, constructed at an investment of Rs 75.95 crore, is equipped with state-of-the-art facilities, including computer labs, smart classrooms, and a digital library. To enhance the safety and convenience of students, separate hostel facilities have been provided for boys and girls, ensuring a secure and conducive environment for learning.

On this occasion, Union Minister Giriraj Singh, along with other dignitaries, participated in a tree-planting ceremony under the “Ek Ped Maa Ke Naam” initiative, underscoring the importance of environmental conservation alongside educational development. Additionally, a unified website for all six IIHT centers was launched to streamline communication and resource sharing across the institutes.

This new campus is expected to serve students from West Bengal, Bihar, Jharkhand, and Sikkim, contributing significantly to the educational landscape of the region while further bolstering the growth of the handloom sector in India.
Economy, Politics, Regional, West Bengal

Mamata Banerjee Launches ‘Banglar Bari Project’ to Provide Homes for Marginalized, Tightens Measures Against Corruption

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Baby Chakraborty, KalimNews,  December 28, 2024, Kolkata : 

After taking the helm of the state government in 2011, Chief Minister Mamata Banerjee has rolled out several high-profile, service-oriented initiatives aimed at benefiting the marginalized communities of Bengal. Projects such as Kanyashree, Lakshmi Bhandar, and Swasthya Saathi have significantly bolstered her political support base. Now, the ‘Banglar Bari Project’ is drawing attention as a new venture designed to provide homes for the underprivileged who lack shelter.

The project has emerged against the backdrop of controversy surrounding the Central Housing Scheme. Amid the ongoing debate, Chief Minister Banerjee announced that the ‘Banglar Bari Project’ would be implemented solely through the state’s resources, with no involvement of the central government. The initiative targets the most vulnerable sections of society, offering financial assistance to build homes for those without a ‘roof’ over their heads.

According to government sources, 12 lakh beneficiaries have already been enrolled in the program, with the first installment of 60,000 rupees already disbursed into their accounts. By December 31, the remaining installments are expected to be credited to all eligible recipients.

Amid concerns over corruption in various state government projects, Chief Minister Banerjee has taken a strict stance. In an effort to ensure transparency, she has issued clear instructions: no government official, worker, or public representative is allowed to demand money in exchange for facilitating assistance under the ‘Banglar Bari Project.’ Any such requests must be immediately reported to the Gram Panchayat, Banerjee emphasized.

Additionally, to facilitate complaints, the West Bengal government has launched a toll-free helpline number: 18008899451. This number allows beneficiaries to report any issues or grievances related to the project, ensuring that citizens have a direct channel to address concerns. The government has assured the public that any complaints will be swiftly addressed to ensure smooth implementation of the program.

The ‘Banglar Bari Project’ is expected to have a significant impact on Bengal’s marginalized communities, as it moves forward with an emphasis on transparency and accountability.

Business, Economy, West Bengal

West Bengal Government to Build District-Level Shopping Malls, Announcing New Projects in Alipore

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Baby Chakraborty, KalimNews, Kolkata, December 26, 2024 – In a significant end-of-year announcement, Chief Minister Mamata Banerjee revealed plans to construct shopping malls in various districts across West Bengal. 


Addressing the media at a press conference held at Nabanna Sabhagriha on Thursday afternoon, Banerjee stated that the state government would allocate land to entrepreneurs for the establishment of these malls. The initiative aims to boost the local economy by fostering job creation and providing a platform for local artisans and self-help groups.

In a move to ensure inclusivity, the Chief Minister emphasized that each mall will feature two dedicated floors for members of local self-help groups and artisans, giving them a space to sell their goods. Banerjee expressed optimism that this project would strengthen the economic fabric at the grassroots level, providing a boost to district-level commerce.

Sharing an anecdote to highlight the importance of such development, Banerjee recalled a conversation with a young man from a district who had handed her a note expressing concern over the lack of shopping malls in the region. In response, the Chief Minister assured that the new malls would offer modern amenities similar to those in Kolkata, including cafeterias, restaurants, and cinema halls. She emphasized that the presence of modern cinema facilities in the districts would significantly increase the distribution and screening of Bengali films.

To kick-start the project, Banerjee announced the identification of land for the first mall, which will be built on the vacant plot opposite the Alipore Zoo in South 24 Parganas. Additionally, she disclosed plans for a direct sales center for leather goods, as well as a sales center dedicated to Bengali sarees, both of which will be constructed on land opposite the Alipore Museum.

This initiative marks a major step in the state government’s broader vision of decentralizing development and creating economic opportunities in the districts, with a focus on empowering local businesses and artisans. The Chief Minister’s announcement has been welcomed by various sectors, with many anticipating a significant positive impact on local economies and job creation in the coming years.
Economy, West Bengal

Lakshmi Bhandar Beneficiaries to Receive Old Age Allowance Post 60, Decision Awaits Final Approval

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Baby Chakraborty, KalimNews, Kolkata, December 23, 2024 : Women beneficiaries under the Lakshmi Bhandar scheme will begin receiving old age allowance upon turning 60, as per the new proposal under consideration by the West Bengal government. The draft for this initiative has been prepared, but the final decision rests with Chief Minister Mamata Banerjee. Following her approval, the proposal will proceed to the cabinet for formal ratification, after which official guidelines are expected to be issued by Nabanna, the state administrative headquarters. Implementation is anticipated in the upcoming year.


The Women, Child, and Social Welfare Department of the state government oversees the disbursement of old age allowance under the ‘Old Age Pension’ scheme. Currently, the scheme stipulates that only individuals with a monthly income of ₹1,000 or less are eligible for this benefit. However, the government is considering removing this upper income limit to ensure that all women, similar to Lakshmi Bhandar beneficiaries, can avail themselves of the scheme.

While the move has drawn criticism from opposition parties, who allege that it is a political strategy to garner votes, the initiative has been credited with assisting many marginalized women across the state. Opponents also argue that individuals who do not require financial assistance are benefiting from the scheme, raising concerns over the utilization of taxpayers’ money.

The government, however, maintains that the scheme operates automatically for Lakshmi Bhandar beneficiaries, who are eligible for old age allowance as soon as they reach 60 years of age. This move is expected to benefit several lakh women across West Bengal, extending the welfare net to a wider demographic. 
Economy, West Bengal

Traders and Farmers Urge State Government to Lift Potato Export Ban Amid Storage Crisis

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Baby Chakraborty, KalimNews, Kolkata, December 22, 2024: Traders and farmers in West Bengal are raising concerns over the large quantities of potatoes stored in cold stores, fearing significant losses as the state government’s ban on exports to other regions continues. With new potatoes expected to enter the market soon, the future of the stored potatoes remains uncertain, prompting urgent appeals to the Mamata Banerjee-led administration to reconsider the export restrictions.

The cold stores in districts such as Chandrakona in Paschim Medinipur are reportedly holding lakhs of packets of potatoes, with traders expressing anxiety over the lack of local demand for these stocks. These potatoes are typically exported to neighboring states like Jharkhand and Chhattisgarh, but the ongoing export ban has put traders and farmers in a precarious position. They fear that if the potatoes are not exported by December, much of the stock will spoil, leading to substantial financial losses.

In Paschim Medinipur alone, approximately 1.65 lakh metric tons of potatoes remain stored in cold storage facilities. Chandrakona block accounts for around 10.8 lakh packets of potatoes, which are primarily intended for export. Traders argue that these potatoes are not meant for the Kolkata market but for neighboring states, where demand is higher. They have expressed frustration over the imposition of checkposts along state highways, which are closely monitoring the transportation of potatoes.

In light of these challenges, traders are calling on Chief Minister Mamata Banerjee to immediately lift the export ban to prevent further deterioration of the stored potatoes and ensure the availability of storage space for the incoming crop. “We are facing extreme problems due to the ban. If we cannot clear the stock by December, there will be no room to store the new potatoes, and the old ones will rot,” said one trader.

As tensions mount, it remains to be seen whether the state government will take action to ease the concerns of both traders and farmers. The situation is becoming increasingly urgent as the clock ticks toward the new potato harvest season.

Economy, National

Central Report Highlights BJP-ruled States Face Higher Inflation Rates Than West Bengal

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Baby Chakraborty, KalimNews,  December 7, 2024, Kolkata : According to the latest statistics from the Union Finance Ministry, inflation rates in BJP-ruled states have been significantly higher than in West Bengal, contradicting the ruling party’s claims about economic performance. The report, which was submitted to the Parliamentary Standing Committee on Inflation, provides a comprehensive comparison of inflation trends across Indian states for the period between April and September 2024.


The national average inflation rate during this six-month period was 4.6 percent, but West Bengal’s inflation was notably lower, recorded at just 3.7 percent—well below the national average. However, the report indicates that the inflation rate in twelve states exceeded the national average, with the majority of these states being under BJP governance. Only Kerala, which is governed by the Left Front, and Karnataka, under Congress rule, were exceptions.

The Union Finance Ministry’s findings revealed that Odisha had the highest inflation rate during this period, followed closely by Bihar. Both states were followed by Uttar Pradesh and Assam, which ranked jointly in third place. These states are all governed by BJP Chief Ministers, including Hemant Biswa Sarma’s Assam and Yogi Adityanath’s Uttar Pradesh.

The publication of this report has caused considerable unease within the BJP, as it highlights a significant economic disparity between states governed by the party and those governed by other political formations. While West Bengal, led by Mamata Banerjee’s Trinamool Congress, reported lower inflation than the national average, BJP-ruled states have struggled with higher inflation rates, drawing criticism over the party’s economic management at the state level.

Political analysts suggest that this discrepancy could become a key issue in upcoming state and national elections, as the opposition parties, particularly in Bengal, may use the report to challenge the BJP’s governance model, which is often associated with claims of better economic performance.

The Finance Ministry report underscores the uneven economic recovery and inflationary pressures across India, with the ruling party now facing uncomfortable questions about its ability to manage the economy in states under its control. As the debate over inflation intensifies, the focus will likely shift to the central government’s role in addressing regional disparities and ensuring that inflationary burdens are not disproportionately affecting the most vulnerable sections of society.
Economy, West Bengal

Telangana’s Nuziveedu Seeds Introduces High-Yielding ‘Barsha Minikit’ for Monsoon Paddy Cultivation in West Bengal

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Baby Chakraborty, KalimNews, December 6, 2024, Kolkata : In a significant breakthrough for paddy cultivation, Telangana-based seed research and manufacturing company Nuziveedu Seeds has successfully introduced a new variety of Minikit paddy that can be cultivated during the monsoon season. The ‘Barsha Minikit Tronipi Satanbbi Chiyattar’ variety, which has been successfully grown in several districts of West Bengal, promises to tackle challenges related to paddy cultivation during the rainy season, such as disease and insect infestation.


Minikit paddy has long been considered difficult to cultivate during the monsoon due to its vulnerability to pests and diseases, which have deterred farmers from planting it in this period. However, the ‘Barsha Minikit’ is a game-changer, as it is specifically designed to thrive in the monsoon, offering farmers a high-yielding, disease-resistant alternative. The seed is said to be particularly beneficial in filling the gap in paddy production during the off-season, especially in regions like West Bengal, which relies heavily on Boro rice.

The success of this innovative seed was celebrated recently in Jamira village, located in the Kharagpur 2 block of Paschim Medinipur district, through a special event organized by Nuziveedu Seeds. The occasion saw the renowned singer Shri Uttam Das Baul performing a song that praised the success of the ‘Barsha Minikit’ and its potential to revolutionize rice cultivation in the region. Through his performance, Baul highlighted the superior quality of the seeds and the positive impact they could have on the farming community.

According to Nuziveedu Seeds, ‘Barsha Minikit’ is ready for harvest in 130 to 135 days, making it a relatively quick-growing variety with high yields. Apart from its high productivity, the rice is also noted for its superior taste, offering a more delectable alternative to other rice varieties. The plant’s robust nature enables it to withstand various weather conditions, standing tall without the risk of lodging, which is a common issue with other rice plants. Additionally, the variety is less susceptible to insect and disease pressures, leading to reduced pesticide costs for farmers.

One of the most significant benefits of cultivating ‘Barsha Minikit’ is the potential for higher profits. The high yield and reduced input costs, such as lower pesticide usage, result in greater income for farmers. This, in turn, could contribute to the economic empowerment of the farming community, especially in areas where paddy production is critical.

The authorities involved in the project are optimistic that, with proper guidance and implementation, the ‘Barsha Minikit’ could bring about a revolution in monsoon paddy cultivation. By adopting this research seed, farmers will be able to increase their Boro rice production significantly, contributing to higher overall rice yields in the region. This, according to experts, will not only benefit the agricultural community but will also play a crucial role in boosting West Bengal’s rice production capacity, potentially transforming it into a key player in India’s rice economy.

As farmers embrace this new variety, Nuziveedu Seeds is hopeful that the introduction of ‘Barsha Minikit’ will set a new precedent for rice cultivation in the monsoon season, driving economic growth and ensuring food security for the state and beyond.
Economy, International, National

India Poised to Benefit from Shifting Global Dynamics: NITI Aayog Members Suggest Strategic Opportunities Amid Global Trade Uncertainty

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Baby Chakraborty, KalimNews, December 5, 2024, Kolkata:  India stands at the threshold of a unique opportunity to expand its global market share, particularly in the textile industry, as the international trade landscape faces turbulence. A senior member of the NITI Aayog expressed this view during the quarterly report release ceremony, where global shifts, including U.S. President-elect Donald Trump’s potential tariff impositions and political unrest in neighboring Bangladesh, were discussed.


In a statement likely to reshape India’s export strategies, NITI Aayog officials reflected on Trump’s warning regarding the imposition of tariffs on China and other countries. While the proposed tariffs may disrupt global trade flows, they also present an opportunity for India to ramp up its exports and strengthen its position in the international market.

“Trump’s threats to impose tariffs will undoubtedly have significant consequences on world trade,” said the CEO of NITI Aayog. “However, for India, this could be a blessing in disguise, providing an opening to diversify and increase exports, particularly to markets affected by global trade shifts.”

In addition to the trade uncertainties stemming from U.S. policies, NITI Aayog members highlighted the deteriorating political and economic situation in Bangladesh as another potential avenue for India to gain a competitive edge. The country has faced growing internal strife, including protests, movements, and ongoing violence against the Hindu minority, which have disrupted the local textile industry—one of Bangladesh’s key economic pillars.

“Bangladesh’s textile industry, which plays a crucial role in its economy, has suffered due to the ongoing political unrest,” said Prabhakar Shau, Senior Program Director at NITI Aayog. “This presents India with a strategic opportunity to increase its market share by enhancing exports to Bangladesh, particularly in the textile sector. With the industry facing stagnation, India can benefit significantly by stepping in to fill the gap.”

Shau emphasized that India has the infrastructure, expertise, and production capacity to meet the demand that Bangladesh is no longer able to fulfill efficiently due to its internal challenges. As a result, India could emerge as the preferred supplier for textile goods in the region.

Moreover, a senior NITI Aayog official remarked that the current political and economic climate in Bangladesh does not create a favorable environment for foreign investments, making it even more crucial for India to capitalize on this window of opportunity. “Countries are increasingly reluctant to invest in Bangladesh due to the instability, which further complicates trade relations,” the official added.

In light of these developments, NITI Aayog officials have urged the Indian government to focus on bolstering exports, particularly in sectors where global shifts present clear advantages. The textile industry, in particular, is seen as a prime sector for this strategic push, given its significance both regionally and globally.

With global trade uncertainties mounting, India’s policymakers see this as a critical juncture to strengthen the nation’s position on the world stage, leveraging both international political dynamics and regional economic disruptions to secure long-term growth.