|
Cabinet to approve 12th Five Year Plan
(2012-17)
Thursday October 04, 2012 07:06:56 PM,
IANS
|
|
|
|
|
Related Article |
|
12th Plan document envisaging 8.2 percent growth approved
A full
Planning Commission chaired by Prime Minister Manmohan Singh
Saturday approved the 12th Five-Year Plan document that seeks to
raise the average annual economic growth during 2012-17 period
ending March 2017 to 8.2 percent from 7.9 percent achieved in the
11th Plan.
»
|
New Delhi: The union
cabinet meeting later Thursday is expected to consider and approve
the 12th Five Year Plan (2012-17) that seeks an average annual
economic growth of 8.2 percent and identifies infrastructure,
health and education as thrust areas.
The growth rate has been lowered to 8.2 percent from the 9.0
percent projected earlier in view of the current slowdown in the
economy and adverse international situation.
During the 11th Plan period, the average annual growth was 7.9
percent.
A full Planning Commission chaired by Prime Minister Manmohan
Singh Sep 15 endorsed the document which has fixed the total plan
size at Rs.47.7 lakh crore.
The 12th Plan seeks to achieve 4 per cent agriculture sector
growth during the five-year period "critical to achieve inclusive
growth".
Agriculture in the current plan period has grown at 3.3 percent,
compared to 2.4 percent during the 10th plan period.
The growth target for manufacturing sector has been pegged at 10
per cent.
The document stresses the importance of infrastructure
development, especially in the power sector, and removal of
bottlenecks for high growth and inclusiveness.
It also sets targets for various economic and social sectors
relating to poverty alleviation, infant mortality, enrolment ratio
and job creation.
On poverty alleviation, the commission plans to bring down the
poverty ratio by 10 per cent. At present, the poverty is around 30
per cent of the population.
According to commission Deputy Chairperson Montek Singh Ahluwalia,
health and education sectors are major thrust areas and the
outlays for these in the plan have been raised.
The outlay on health would include increased spending in related
areas of drinking water and sanitation.
The commission had accepted Finance Minister P. Chidambaram's
suggestion that direct cash transfer of subsidies in food,
fertilizers and petroleum be made by the end of the 12th Plan
period.
Direct cash transfers would bring down the government's subsidy
burden as the money would go directly to the "genuine"
beneficiaries and "plug leakages" in the implementation of these
schemes.
After the cabinet clearance, the plan for its final approval would
be placed before the National Development Council (NDC), which has
all chief ministers and cabinet ministers as members and is headed
by the Prime Minister.
|
|
Home |
Top of the Page
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i |
|
|
|
|
|
|
|
|
More Headlines |
|
Modi says BJP will sweep Gujarat elections |
|
Race for White House: Obama, Romney spar over economy |
|
India Inc biggies in Kashmir with Rahul |
|
2.38 million rich Pakistanis don't pay taxes |
|
Turkey hits Syrian targets after attack |
|
'Counter-terror programme
wasted money, stepped on civil liberties' |
|
LPG prices may fluctuate every month |
|
Rahul to visit Kashmir amid panchayat panic |
|
UAE launches IT based initiatives to improve
education quality |
|
Lightning kills 10 in UP |
|
Good if
girls marry before 18: Survey |
|
Jamia Millia Islamia students march for human
rights in Northeast |
|
Plea seeks action against Google on
blasphemous film videos |
|
A Gujarat polling station for one voter! |
|
|
|
Top Stories |
|
 India Inc biggies in Kashmir with Rahul
In what is a
first since independence, the Who's Who of India Inc, including Tata Group chairperson Ratan Tata and Aditya Birla Group's Kumar
Mangalam Birla, arrive in Kashmir
»
Rahul to visit Kashmir amid panchayat panic
Fed up of
militancy: Majority of Kashmiris respond in a survey
|
|
|
|
Most Read |
|
 Race for White House: Obama, Romney spar over economy
Republican
challenger Mitt Romney put up a tough fight against President Barack Obama as the two sparred over jobs, taxes and healthcare in
the first presidential debate. US presidential debates
»
|
|
Counter-terror programme wasted
money, stepped on civil liberties:
US senate panel
The report by the US senate permanent subcommittee on
investigations finds more than 70 "fusion centers" created by the
Department of Homeland Security (DHS) to pool intelligence
produced reports that were "oftentimes
»
|
|
|
|
News Pick |
|
Parekh panel recommends 100 percent FDI in telecom
In its report to Prime Minister Manmohan Singh, the panel asked
the government to overhaul the regulatory framework in
infrastructure, bring in clarity on taxation issues such as
anti-tax avoidance rules, and
»
|
|
India slips to 7th spot globally in coffee
production
Even as India remains upbeat on surging demand for its coffee
beans in the global market, its planters have reasons to worry as
their share in the world production slipped to seventh position in
2011-12. "With four percent
»
|
|
'Australia will protect Indians hit by college closure'
Over 500
Indian students whose future has been hit by the closure of three
colleges in Australia will be placed in alternative course or
refunded any unspent tuition fees, the Australian High Commission
here has assured. Australia's vocational education regulator, the
Australian
»
|
|
 UNESCO appoints Saudi woman researcher as Goodwill Ambassador
The Director General of United
Nations Educational, Scientific and Cultural Organization (UNESCO)
Irina Bokova appointed
»
|
|
|
|
Picture of the Day |
|
 |
|
Union
ministers Kapil Sibal and Ghulam Nabi Azad laying the
foundation stone of PMSSY building at J. N. Medical College,
AMU. The ministers visited the Aligarh Muslim University on
September 30, 2012 to inaugurate the
Golden Jubilee celebrations
of Jawaharlal Medical College. |
|
|
|
|
|
|
Comments
|
Quick links