But that development took on a more hopeful note with the selection of Amit Mitra as finance secretary in West Bengal.

FORBES: Oh, Calcutta! Need to Know Amit Mitra

Amit Mitra, of the Federation of Indian Chambers of Commerce and Industry, supports similar schemes, as well as preferment schemes by banks.

ECONOMIST: Job-preferment in India

The finance minister, Amit Mitra, an economist and former boss of India's main business lobby, stands in an office in Writers' Building, once used by the East India Company.

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For instance, a senior TMC leader privately raised doubts about Amit Mitra's 'political acumen' with Forbes India, hinting that he may not be a very acceptable person within the party.

FORBES: Magazine Article

However, Federation of Indian Chambers of Commerce and Industry chief Amit Mitra, who has been an advisor to Banerjee on Railways, has been pitted against incumbent finance minister Asim Dasgupta in Khardah, spawning speculation that he could inherit that position should TMC form a government.

FORBES: India