New Delhi: West Bengal Chief Minister Mamata Banerjee on Saturday served 15-day ultimatum to Centre pressing for a three-year moratorium on interest payment to the state.

Mamata said that the Centre has to accept state’s demand for a tax moratorium for the next three years. The Chief Minister said that the state doesn’t have money to take up developmental measures and the government is taking away all the money as interest of the huge financial debt taken during the erstwhile Left government.

READ MORE: Congress plays down Mamata's ultimatum

“We have asked for tax moratorium for the next three years. We have been pleading for it for the past one year, now they have to accept the demand," Banerjee said.

Mamata also rubbished all claims that that the state is receiving huge amounts of money from the centre. She said that the state has not received a single penny from the Congress-led UPA government.

The TMC with 19 members in the Lok Sabha and 6 members in the Rajya Sabha is the second largest constituent of the ruling UPA- II. Currently, the relationship between the Congress and the TMC is going through a rough patch after Mamata openly criticised various policies of the central government.