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English Release 27-November 2014
Date Month Year
  • President's Secretariat
  • President of India attends Birth Centenary Celebrations of Chaudhary Ranbir Singh
  • President of India to visit West Bengal, Uttar Pradesh and Odisha from November 28 TO 30
  • Department of Atomic Energy
  • New Atomic Power Plants
  • Administrative Arrangement Agreement with USA
  • Power Generation Through Atomic Energy
  • Thorium Reserves in Country
  • Deposits of Rare Earths
  • Election Commission
  • FACTS AT A GLANCE- JHARKHAND
  • Min for Develop. of North-East Region
  • Role of North Eastern Regional Agricultural Marketing Corporation
  • Min of Agriculture
  • Union Agriculture Minister, Shri Radha Mohan Singh has expresses happiness over establishment of Mahatma Gandhi Central University in Motihari
  • Min of Civil Aviation
  • Tourist Visa on Arrival Enabled with ETA Scheme Launched
  • Min of Coal
  • Production of Coal
  • Quantum & Value of Coal Reserves
  • Setting up of Independent Regulator for Coal Sector
  • Auction of Coal Blocks
  • Sampling of Coal
  • Min of Defence
  • Indian Air Force and Russian Federation Air Force Joint Exercise “Avia Indra I” at AF Stn Halwara Concluded
  • GRSE, Kolkata pays Dividend to the Government of India
  • DGDE Contributes 48.9 lakhs to Prime Minister’s National Relief Fund
  • Min of Earth Science
  • Monitoring of Variability of Weather Phenomena
  • Proposal to Conversion of Sea Water Into Potable Water
  • Mapping of Multi-Hazard Coastal Vulnerability
  • NASA Aircraft for Prediction of Cyclones
  • Ministry of Finance
  • FM Revises the Target of Opening of Bank Accounts under PMJDY to 10 Crore by 26th January, 2015
  • Finance Minister Shri Arun Jaitley Reiterates The Government’s Vision and Commitment for Working Towards Expanding and Deepening Engagements and Relations Between India and China Based on Mutual Complementarities and Common Interests;
  • Min of Health and Family Welfare
  • Health Minister Shri J P Nadda speaks to CM, Kerala on Avian Flu Cases
  • Min of Heavy Ind. & Public Enterprises
  • Protection of Capital Goods Industry
  • Formation of SC/ST Employees’ Welfare Organisation in CPSU
  • Min of Home Affairs
  • MoS (Home) ShriKirenRijiju says the Government is formulating a National Action Plan on Birth and Death Registration
  • Union Home Minister & Tourism Minister launch landmark Tourist Visa on Arrival Enabled with Electronic Travel Authorization Scheme
  • Min of Housing and Urban Poverty Alleviation
  • 16,600 homeless in Delhi; more night shelters to be built
  • Min of Information & Broadcasting
  • Govind Nihalani pays a glowing tribute to the iconic V K Murth
  • Kannada film industry in urgent need of Government financial support and subsidies: P. Sheshadri, Director of Kannada film December –
  • Directors of the Chinese Film ‘Genuine Love’ hope to make films with Indian directors by next year
  • Othello: An Assamese Film Portraying Life as a Perennial River
  • North 24 Kaadham: A Film Full of Optimism
  • The mission of mothers is to see the happiness of their children but we destroy their mission by making war says director Elchin Musaoglu
  • Music Recording comes out of the Shadows
  • Lokmanya Tilak Continues to Inspire Youth at IFFI 2014
  • Min of Micro,Small & Medium Enterprises
  • Strengthening of Khadi and Village Industries Commission
  • Review of financial architecture of MSMEs
  • Special employment through Khadi and Village Industries (KVI) Commission
  • Protection of MSME Sector
  • Entrepreneurship Development Programme in the Country
  • Min of Minority Affairs
  • Multi-Sectoral Development Programme
  • Min of New and Renewable Energy
  • Jawaharlal Nehru National Solar Mission
  • Setting Up of 25 Solar Parks
  • Investment in Renewable Energy Sector
  • Min of Personnel, Public Grievances & Pensions
  • Showcasing of commendable work done during Service
  • Complaint against the CSAT Examination Pattern
  • Disposal of Appeals by CIC
  • Establishment of Jan Lokpal
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 76.00 per bbl on 26.11.2014
  • Min of Power
  • Power Pavilion Bags Gold Medal at IITF -2014
  • Steps to Overcome the Shortcomings in Supply of Power
  • Round the Clock Supply of Power
  • Deen Dayal Upadhyaya Gram Jyoti Yojana
  • Ministry of Railways
  • Sreedharan Submits One-Man Committee’s Interim Report to Railway Minister
  • Railways’ Solar Power and Wind Mill Plant
  • Committee on Restructuring of Railways
  • Upgradation of Railways’ E-Ticketing System
  • Railways Launches Automatic Freight Rebate Scheme for Traffic Booked in Empty Flow Directions as a Pilot Project
  • Ongoing Railway Projects in North Eastern Region
  • Provision of Medical First Aid in Trains
  • Min of Road Transport & Highways
  • Current Year Targets 8500 km of National Highways
  • Min of Rural Development
  • There will be no dilution of MGNREGA, Says Birender Singh
  • Safe Drinking Water to all Rural Habitations by 2022-Birender Singh.
  • Min of Science & Technology
  • GDP in Science Research
  • Min of Shipping
  • Government Takes Steps to Increase Coastal Movement of Cargo
  • Government to Expand Capacity of Ports
  • Cochin Shipyard Delivers Nine FPVs to Coast Guard
  • Min of Social Justice & Empowerment
  • Self employment training programme for differently abled persons.
  • Reservation for disabled
  • Granting allocation to NGOs made more transparent
  • Min of Textiles
  • Textiles Minister Inaugurates ‘International Conference on Innovative Ideas, Technologies and Services
  • Online Marketing Platform to Handloom Weavers
  • Memorandum from All India Kisan Sabha
  • Promotion of Handloom Industry
  • Handloom and Powerloom Sectors
  • Min of Urban Development
  • Shri M.Venkaiah Naidu discusses major Delhi developmental issues With LG Shri Najib Jung
  • Ministry of Water Resources
  • Cleaning of Yamuna River
  • Cleaning Of Ganga
  • Groundwater in Rural Areas

Previous Date

 
Planning Commission27-December, 2012 14:49 IST
Montek for lowering Growth target

National Development Council Meeting

Following is the text of Deputy Chairman, Planning Commission, Sh. Montek Singh Ahluwalia’s speech at the National Development Council meeting to-day

. “In preparing the document that is before you, we were guided by the directions given by the N.D.C when it considered the Approach Paper over a year ago. We have also engaged in wide ranging consultations with the State Governments, both individually through the process of annual plan discussions, and also in groups through regional meetings. I thank all Chief Ministers and State delegations for the time they spent in these consultations and input they gave us.

. We have also consulted with many other stakeholders, including a very large number of civil society organizations.

. Plan discussions often tend to focus on Plan programmes, their funding arrangements and their performance in terms of expenditure. These are indeed important issues, but the end result we want must be seen in terms of the impact of these programmes on the ground. Both the Centre and the States must therefore subject programmes to a vigorous performance audit.

. More broadly, the outcome we want in terms of improving the living standards of the aam aadmi depends not on plan programmes alone, but on the performance of the economy as a whole, in terms of the pace of economic growth, its sectoral composition, the pace of employment generation, and the spread of income earning opportunities across different categories of the population and regions.

. These outcomes depend on what happens to investment and also the productivity of investment. Public sector investment is about 25 percent of total investment in the economy. The other 75 percent consists of private investment which covers the household sector, including small firms and farms, and also investment by the private corporate sector. It follows that both the Centre and the States need to focus on policies that will promote these different components of investment, and also increase their efficiency.

. In analysing policy options we have distinguished areas of policy intervention that are largely in the hands of the Centre and those that are largely in the hands of the States. We find that much of what needs to be done has to be done at the State level. We also find that many States are taking innovative steps in several areas, which is why growth over the past ten years has been high and also regionally well dispersed. We need to spread knowledge of best practice wherever we find it.

. The Twelfth Plan does not present a single growth projection. Instead, it recognises that growth outcomes will depend upon the extent to which we are able to take the difficult decisions needed to generate inclusive growth. In this context, the Plan identifies an aspirational Scenario 1 of “strong inclusive growth”, in which the economy is projected to grow at about 8.2 percent per year based on successful policy interventions at multiple leverage points which will generate virtuous circles

.. Scenario 2 is one where policies move in the right direction, but are not fully implemented: in this case, growth will be limited to between 6 and 6.5 percent with correspondingly lower progress on inclusiveness. The Plan also refers to a third Scenario which is described as “Policy Logjam”. This is the Scenario where there is very little progress on the different decisions identified. In this case, growth will be stuck between 5 and 5.5 percent. The Plan document emphasises that Scenario 1 is the only scenario that will meet the aspirations of the people.

. There is need to modify Scenario 1 in the light of two recent developments. First, the estimates of growth in 2012-13 presented by the Finance Ministry to Parliament a few days ago have been revised downwards to between 5.7 and 5.9 percent. Second, the latest assessment about global economic prospects released by the UN a few days ago suggests that the global economy will be significantly weaker in 2012 and also in 2013 than was projected earlier. In view of these developments, the growth rate associated with Scenario 1 could be scaled down to 8 percent.


. Finally, let me refer to an issue frequently raised by Chief Ministers relating to the need to restructure Centrally Sponsored Schemes. The B.K. Chaturvedi Committee has looked into this issue and has held extensive discussions with State Governments. The Committee has made a number of recommendations. Based on these recommendations, it is proposed to consolidate Centrally Sponsored Schemes into a smaller number and also to increase the degree of flexibility in the guidelines under which these schemes operate. It is also proposed to introduce a special flexi-fund window within each flagship scheme which will give States freedom to experiment and innovate even beyond the flexible guidelines. We expect to implement the new system with effect from April 1, 2013. I believe these changes will go a long way to meeting the demands of Chief Ministers.”

. NNK/MD
(Release ID :91194)

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