PM Narendra Modi to discuss Niti Aayog’s 3-year action plan on Sunday
Narendra Modi will review the progress in the sectoral policies being evolved by the Niti Aayog and the implementation of recommendations by various task forces
- Some issues with Congress over portfolio allocation, says H.D. Kumaraswamy
- Moon, Kim discuss scrapped US summit as Donald Trump signals optimism
- Taking stock of Narendra Modi government after four years
- All 7 ITR forms for assessment year 2018-19 activated for e-filing: Income Tax Department
- Bats not primary source of Nipah virus outbreak in Kerala: report
New Delhi: With the era of five-year plans having ended on 31 March, Prime Minister Narendra Modi will on Sunday consider a three-year immediate policy action plan and a 15-year-long term vision document at the governing council meeting of think tank Niti Aayog that will set new socio-economic goalposts for the nation.
Modi will also review the progress in the sectoral policies being evolved by the Niti Aayog and the implementation of recommendations by various task forces. The meeting at Rashtrapati Bhavan will discuss converting the 15-year vision into an “implementable national development agenda”, with a mid-term review after three-years, a person with direct knowledge of the development said on condition of anonymity.
“The first three-year action agenda, coming into effect from 2017-18 to 2019-20, aligns the country’s goals with available resources, by predicting flow of finances during the 14th Finance Commission award period. This will ensure the government’s goals are translated into action by 2020,” said the person. To make it an inclusive blueprint, views from gram sabhas across the country have been taken.
The Modi administration has engineered a shift in centre-state relations with chief ministers becoming governing body members of Niti Aayog, giving them a say in various policy making efforts at the national level. The erstwhile Planning Commission, before its reconstitution as Niti Ayog in January 2015, had exercised considerable influence in allocation of Central funds to various schemes under a centrally planned development regime.
Based on the recommendation of 14th Finance Commission chaired by former Reserve Bank of India governor Y.V. Reddy, the government had raised the share of states in the net proceeds of the Union tax revenues to 42% for five years from 2015-16 from 32% earlier.
Modi is expected to take stock of the progress in various reform as well as administrative initiatives of the government, including closure and turnaround of select sick state-run companies, strategic disinvestment of identified state assets, the steps taken to boost innovation including the Atal innovation mission, progress in infrastructure projects like the Mumbai-Ahmedabad high speed rail corridor, reforms in agriculture, development of islands and coastal economic zones, poverty alleviation measures and a host of steps taken to stimulate the manufacturing sector. The Prime Minister will also review the steps taken to boost exports.
The day-long meeting of Niti Aayog will also deliberate on the recommendations made by a panel led by Madhya Pradesh chief minister Shivraj Singh Chouhan on rationalisation of centrally sponsored schemes. The Prime Minister is the chairperson of Niti Aayog.
Editor's Picks »
- Motherson Sumi continues to face margin pressure in foreign markets
- What the Warren Buffett indicator tells us about market valuations today
- Jet Airways lands with a thud in Q4 as fuel costs increase
- IBC amendments: Some dilutions, and a lot more speed
- Patanjali’s gambit is paying off in toothpaste wars