Narendra Modi to chair NITI meet on vision document

By: | Updated: July 27, 2016 6:49 AM

Prime Minister Narendra Modi will chair a meeting of NITI Aayog brass on Thursday to take stock of the preparations in the think-tank to draft a 15-year vision...

Prime Minister Narendra Modi will chair a meeting of NITI Aayog brass on Thursday to take stock of the preparations in the think-tank to draft a 15-year vision document to be unveiled before the next Budget.

With five-year plans becoming passe, the first draft of the government’s new 15-year vision document with a seven-year strategy and three-year action plan to steer the economy would be ready before the Budget in February 2017.

Besides vice-chairman Arvind Panagariya, the meeting will be attended by Aayog’s members — CEO, senior advisers and advisers. The PM is the chairman of the Aayog. “The meeting aims to discuss what will be the outline of the vision document and the work so far done by the Aayog on the subject,” an official said. Modi is expected to share his ideas on the strategy document.

To get the states on board on the new vision, the Aayog is organising a conference of chief and planning secretaries of states on Wednesday in New Delhi.

In a crucial departure from the past top-down model of planning, the Aayog envisages formulation of the 15-year vision document as a thoroughly democratic exercise, in which all states are co-opted as equal partners in the planning process. It had already intimated states to work on their respective visions, with the view that the vision document will go beyond the traditional areas and also cover aspects of internal security, defence etc.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition