......The bleak state of finances was highlighted by high non-development expenditure, combined with high debt. West Bengal has the second highest debt to GSDP ratio at around 39 per cent, according to the 2011-12 revised estimates (RE), said the RBI report. By the end of March 2013, West Bengal’s outstanding liabilities would be Rs 2.30 lakh crore, the third highest among all states............
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