English Release 17-June 2013
- Presidents Secretariat
- Press Communique
- Min of Commerce & Industry
- India’s Foreign Trade: May, 2013
- Min of Comm. & Information Technology
- Launch of Logistics Post Air Service
TRAI Reduces National Roaming Tariff Ceilings, Permits Customised Tariffs Through Special Tariff Vouchers for National Roamers and Mandates Free National Roaming Plans
- Min of Defence
- IAF on Relief Rescue Mission in Aid of Flash Floods Affected Areas
- Ministry of Finance
- Auction for Sale (Re-Issue) of Government Stock
Increased Domestic Production of Oil, Coal & Restraining Gold Consumption can Contain CAD; India Continues to Remain a Desired Destination for FDI and FII – P. Chidambaram
- Min of Mines
- Green Venture By NALCO - Commissioning of 2nd Wind Power Project Starts
- Min of Petroleum & Natural Gas
- Under-Recovery on Diesel effective 16.6.2013 increases sharply to Rs 6.31 per litre
- Ministry of Railways
- Railway Revenue Earnings up by 12.73 per cent during April - May 2013
- Railways to Launch Ticket Booking through Non-Internet based Mobile Phones with Effect from 1st July 2013
Cabinet04-October, 2012 21:07 IST
|Cabinet approves proposal to place 12th Plan Document before National Development Council|
|The Union Cabinet today discussed the Draft Twelfth Five Year Plan document (2012-2017), and approved the proposal to place the Plan Document before the National Development Council. |
The Plan proposes an acceleration of growth over the plan period to reach 9 percent in the terminal year, yielding an average growth rate of 8.2 percent for the plan period as a whole. It emphasizes that the growth must be both inclusive and sustainable, and to achieve these objectives it proposes a comprehensive game plan in terms of policies and programmes.
The estimates show resource availability for the Twelfth Plan at Rs.80,50,123 crore in current prices for the Centre and States taken together. This implies the public sector resources for the Twelfth Plan (2012-2017) would be 11.8 per cent of GDP as against 1096 per cent realized during the Eleventh Plan (2007-2012).
To achieve the targeted growth rate, the fixed investment rate should increase to 35 per cent of GDP (at constant prices) by the end of the Twelfth Plan, yielding an average fixed investment rate of 34 per cent of GDP (at constant prices) for the Twelfth Plan period as a whole. The projected average rate of gross domestic capital formation in the Twelfth Plan is 37 per cent of GDP, the projected gross domestic savings rate is 34.2 per cent of GDP and the net external financing needed for macro-economic balance would average around 2.9 per cent of GDP.
In a first attempt at presenting scenario analysis, the plan emphasizes that the policy agenda outlined must be substantially implemented for all the virtuous cycles to come into play that will lead to Scenario One called the “Strong Inclusive Growth”. This would also imply we can achieve inclusive and sustainable growth averaging 8.2 per cent over the Twelfth Plan period.
The Plan emphasizes a broad definition of inclusiveness, which encompasses a spread of benefits to the weaker sections, including especially the SC/STs, OBCs and Minorities, and also regional balance in development.
The plan emphasizes the need to speed up the pace of implementation of infrastructure projects, which is critical for removing supply bottlenecks which constrain growth in other sectors, and also for boosting investor sentiment to raise the overall rate of investment.
The Plan contains ambitious programmes in health, education, water resource management, infrastructure development, and a number of programmes aimed at inclusiveness, most notably the National Health Mission (NHM), Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), the Pradhan Mantri Gramin Sadak Yojana (PMGSY), the Integrated Child Development Scheme (ICDS) and the National Rural Livelihoods Mission (NRLM). Considerable resources are being allocated for these programmes. It proposes that beneficiary payments across a large number of schemes, which have experienced leakages in the delivery system, may be carried out through the use of the Aadhaar (UID) platform.
(Release ID :88188)