Amit Mitra

Mitra said West Bengal has the world's second-largest coal reserves, and shale gas reserves have also been found, which would push the mining industry in the state.

Budget 2023 disconnected from people, states not getting their share of revenue: Amit Mitra

Budget 2023: Mitra claimed that the Budget despite its promise to allow states to borrow more for infrastructure spending was in reality giving a go-by to the concept of federalism by not transferring promised resources to the states.

Extend GST compensation to states for next 3-5 years: Amit Mitra urges Nirmala Sitharaman

Amit Mitra, the principal chief advisor to Chief Minister Mamata Banerjee and the state finance department, said the extension of the compensatory arrangement will provide a big relief to the states.

Amit Mitra urges PM Modi to call GST meet to reverse tax hike on textiles

In a tweet Mitra said, "Modi Govt will commit another blunder on Jan 1. By raising GST on (man-made) Textiles (from) 5 per cent to 12 per cent, 15 million jobs will be lost and 1 lakh units will close. Modi ji, call a GST Council meeting now and reverse decision before sword of Damocles falls falls on the head of millions of people."

Bengal FM Amit Mitra writes to Nirmala Sitharaman against privatisation of insurance companies

He said the move to privatise has brought a great sense of insecurity and distress among the people of the country. "May I express my shock and alarm at the policy decision of the Government of India venturing to privatise public sector insurance companies which are the pillars of the economy," Mitra said in the letter.

Noted economist Amit Mitra likely to step down as Bengal Finance Minister due to ill health

Seventy-three-year-old Amit Mitra, who has been the state finance minister since 2011 when the TMC came to power after ending the 34-year-long rule of the Left Front, had refrained from contesting this year's assembly elections.

West Bengal govt to reduce tax by Re 1 per litre on petrol, diesel from February 22 midnight

State Finance Minister Amit Mitra alleged that the Centre had imposed cess to avoid devolution with states, which is "against the characteristics of federalism".

Budget lacks direction, fails to stimulate demand: Amit Mitra

Amit Mitra also criticised the budget claiming that sufficient funds have not been allocated to West Bengal for fighting the COVID-19 pandemic and mitigating the damage caused by cyclone Amphan.

Political muscle being flexed to make states agree to GST options: Amit Mitra

If the two options made available by the Centre are forced through with a majority vote at the next GST Council meeting, “it will be a historic mistake for India”, Amit Mitra said.

Amit Mitra writes to FM Sitharaman expressing concerns over delayed compensation payment

Mitra has urged the Centre to honour the constitutional promise to pay compensation for 5 years, adding that it should “not renege on the commitment to compensate the states."

Bengal FM Amit Mitra writes to Nirmala Sitharaman to allow corporate funds for COVID-19 from CSR kitty

Mitra's letter to Union Finance Minister Nirmala Sitharaman on Thursday echoed Chief Minister Mamata Banerjee's recent stand on the issue.

West Bengal created 9 lakh employment opportunities in FY19: Amit Mitra

In his Budget speech, Mitra said the country is still suffering from the "hasty and improper" implementation of the GST, and the "shock" of demonetisation.

Demonetisation, GST cost economy Rs 4.75 lakh cr: Amit Mitra

As a result of the faulty implementation of the Goods and Services Tax (GST), the states earned Rs 78,929 crore less revenue since July 2017, which has been compensated by the Centre as per compensation law of the new indirect tax regime, he said.

Centre does not know how to manage institutions like RBI, CBI: Amit Mitra

The development surrounding RBI and CBI is a reflection of poor governance on the part of NDA government, Mitra said at a press conference here.

Centre should've built oil reserve for crisis scenarios: Amit Mitra

"Any mature democracy would have created a reserve for use as buffer during times of crisis. When the question of NDA government acting mature with a strategic vision arises, the answer will always be a 'no'," Mitra said at India Today regional conclave here.

IKEA looking at West Bengal as a sourcing hub: Amit Mitra

Mitra, addressing the concluding session of a two-day MSME conclave, said IKEA has decided to source Rs 2,000 crore worth bamboo and natural fibre from India.

Bengal finance minister Amit Mitra refutes BJP chief's claim on Centre's sanctions to state

Shah made the claim at a public rally at Purulia, where he said despite the funding from the Centre, the benefits had not reached the people and that the BJP will oust the ruling Trinamool Congress (TMC) from the state in next year's Lok Sabha election.

Exporter refunds worth Rs 25,000 cr stuck for GSTN lacuna: Amit Mitra

"There have been three lakh applications from exporters of the country, involving Rs 25,000 crore, which are awaiting refunds," Mitra, also a GST Council member, said here during an exports conclave, a part of the Bengal Global Business Summit 2019 roadshow.

Cable operators seek reduction of GST to 5%

Cable television operators have sought to revise the Goods and Services Tax (GST) to five per cent from 18 per cent.

Manual processing of refund applications making GST regime more primitive than VAT: Amit Mitra

Due to lack of interface in place between the Goods and Services Tax network with the customs electronic date interchange (EDI) and the Directorate General of Foreign Trade (DGFT), the Centre is using ledger for manual records for refunds, Mitra said.

North Bengal seen investments worth Rs 2,345 cr in 2 years: West Bengal FM Amit Mitra

The state government has also received an Expression of Interest (EoI) for new investments to the tune of Rs 888 crore at the Conclave, Mitra told the industry members in a video address yesterday.

GST should not be rolled out with 'jugaad', says Amit Mitra

In the meeting, the GST Council decided that traders, manufacturers and restaurant owners with turnover of up to Rs 75 lakh can opt for a composition scheme and pay taxes at the rate of 1, 2, and 5 per cent respectively. Earlier, the Council had decided on a turnover limit of Rs 50 lakh.

Investment of Rs 31,000 cr in MSME nearing fruition: Amit Mitra

Speaking at the annual regional meeting of CII here, he said that the state was among the top in terms of MSME investments and a major job provider.

Bengal leather industry produces Rs 13,000 cr goods

"It is heartening that the leather industry in the state produces goods worth Rs 13,000 crore and we look forward to the industry reaching a target of Rs 15,000 crore within two years," Mitra said while inaugurating the Kolkata edition of India International Leather Fair (IILF).

Gas pipeline network for West Bengal to be ready in another 3yrs

West Bengal government is hopeful that the gas pipeline network to households in the city would be ready in another three years' time.