Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Policy/  Tamil Nadu to scrap State Planning Commission with new council
BackBack

Tamil Nadu to scrap State Planning Commission with new council

Tamil Nadu's finance minister during his budget presentation said the state would replace the State Planning Commission with the State Development Policy Council

Tamil Nadu finance minister D. Jayakumar speaks during his budget presentation in the state assembly on Thursday. Photo: PTIPremium
Tamil Nadu finance minister D. Jayakumar speaks during his budget presentation in the state assembly on Thursday. Photo: PTI

Chennai: Tamil Nadu government has decided to replace the State Planning Commission with a Development Policy Council in consonance with the Centre’s approach in doing away with distinction between plan and non-plan allocations.

This was announced by state finance minister D. Jayakumar during his budget presentation in the state assembly on Thursday. He said the Union government had done away with the distinction between plan and non-plan allocations in the budget formulation from 2017-18.

The state government welcomed the Centre’s move since it was one of the long standing demands of late All India Anna Dravida Munnetra Kazhagam (AIADMK) supremo and chief minister J. Jayalalithaa as it would simplify the budgetary process and keep the focus firmly on the functional classification of expenditure, he said.

“In consonance with the above approach, this government will replace the State Planning Commission with the State Development Policy Council to advise the government on policy coherence and formulation of programmes to guide development of the State," Jayakumar said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 16 Mar 2017, 10:13 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App