1. NITI Aayog set to put final nail in Planning Commission coffin, to launch 3-year action plan from April 1

NITI Aayog set to put final nail in Planning Commission coffin, to launch 3-year action plan from April 1

Government's think tank NITI Aayog is gearing up to launch its three-year action plan from April 1 after the end of 12th Five Year Plan on March 31 in a bid to put a final lid on the Planning Commission era.

By: | Published: March 28, 2017 10:44 PM
NITI aayog, NITI aayog news, NITI aayog latest news, india news, NITI aayog 3 year plan, india five year plan, five year plan, 12th five year plan, 5 year plan, economy, india economy, indian economy, economy news, financial express news According to a senior NITI Aayog official, the 12th five years plan is coming to an end on March 31. (PTI)

Government’s think tank NITI Aayog is gearing up to launch its three-year action plan from April 1 after the end of 12th Five Year Plan on March 31 in a bid to put a final lid on the Planning Commission era. However, the new plan will end the prevailing system of the Centre patiently waiting for the state governments to implement the schemes with its laws. Under the new system, sources said states will be encouraged to meet the targets of various schemes. Achieving the targets will bring incentives and if unable to do so, the states will have to face the prospects of drying up of fund flows.

According to a senior NITI Aayog official, the 12th five years plan is coming to an end on March 31. Before this, the three-year action plan will be unveiled this month. The official further said that they have patiently waited for the state governments to adopt a number of reform-oriented legislative bills. But their experiences have largely been negative so far. Therefore, the reform agenda arrived at after consensus will need to be adopted by them and the states doing so will get incentives. “Now, you either meet the target or you will face the prospects of the fund flow drying up,” said the official.

You may also like to watch:

NITI Aayog has also been entrusted the work of preparing a 15-year Vision Document and a seven-year strategy, which would guide the government’s development works till 2030. It is also preparing a fresh cabinet note recommending closure of seven more sick CPSEs as part of an exercise to tackle mounting losses incurred by these entities. The action is a part of the task that entitled it to prepare a roadmap for ailing public sector undertakings. Under this, the Aayog has also identified five CPSEs which can neither be revived nor sold, for liquidation.

(With inputs from PTI)

  1. No Comments.

Go to Top