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English Release 28-July 2014
Date Month Year
  • President's Secretariat
  • President congratulates medal winners in Commonwealth Games
  • Vice President's Secretariat
  • Vice President Greets Citizens On Id-Ul-Fitr
  • Prime Minister's Office
  • Foreign Minister of Uganda calls on PM
  • Election Commission
  • Bye-elections to the State Legislative Council of Andhra Pradesh and Maharashtra by the Members of Legislative Assembly
  • Min of Agriculture
  • Rashtriya Gokul Mission Aims to Conserve and Develop Indigenous Breeds
  • Min of Defence
  • IAF Receives the 6th C-17 Globemaster III in the Presence of Hon’ble Defence Minister Shri Arun Jaitley
  • BEL-Bangalore Complex Certified for ISO 27001
  • Min of Environment and Forests
  • Advertising campaign to be launched to popularize Science Express- Biodiversity Special- Prakash Javadekar
  • Ministry of Finance
  • Auction for sale (Re-Issue) of Government Stock
  • Min of Health and Family Welfare
  • “Mass awareness required on simple steps to control diarrhoea”
  • Min of Home Affairs
  • Union Home Minister reviews Disaster Management and Border Management Divisions
  • Min of Personnel, Public Grievances & Pensions
  • Special Class Railway Apprentices’ Examination, 2014
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket increased marginally to US$ 106.01 per bbl on 25.07.2014
  • Min of Shipping
  • Kanika Sands Transshipment Zone
  • Min of Textiles
  • Textiles Vision Document Projects Textiles Export to Touch US $ 300 Billion by the Year 2024-25
  • Min of Urban Development
  • Bio-metric attendance system soon for employees of urban ministries
  • Min of Women and Child Development
  • The Number of Beneficiaries Covered under ICPS on the Rise
  • Total of 3924 Children placed in In-Country adoption during 2013-14
  • Min of Youth Affairs & Sports
  • India wins 5 Medals on Day 4 of the Commonwealth Games 2014

Previous Date

 
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.

SH/SKS
(Release ID :88188)

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