Financial Daily from THE HINDU group of publications
Tuesday, Jul 06, 2004

Cross Currency

Group Sites

Industry & Economy - Economy

CMP does provide room for reform: Montek

Our Bureau

The newly-appointed Deputy Chairman of the Planning Commission, Dr Montek Singh Ahluwalia, along with the other Planning Commission members (from left) Mr Anwarul Hoda, Mr B. Mongekar, Ms Syeda Hamid and Prof Abhijit Sen, after assuming charge in the Capital on Monday. — Kamal Narang

New Delhi , July 5

THE Deputy Chairman, Planning Commission, Dr Montek Singh Ahluwalia, said on Monday that there was enough elbowroom within the framework of the Common Minimum Programme (CMP) of the United Progressive Alliance (UPA) Government to carry out hard decisions and push for economic reforms to realise the seven to eight per cent economic growth projected in the CMP.

Immediately after assuming office as the Deputy Chairman at forenoon on Monday at the Yojana Bhawan here, Dr Ahulwalia told newspersons that the commission with its seven members would undertake mid-term review of the Tenth Plan (2002-07) programmes. He said policies and programmes pertaining to different sectors, including rural infrastructure, agriculture, education and health, would be looked into in order to see how best they could be reoriented or redesigned to reflect the CMP's objectives. He said the CMP talked about attracting private investment and public-private partnership to realise the economy's growth potential.

"Allocation to certain sectors like education and health needs to be enhanced. Without giving due emphasis to building economic infrastructure and agriculture, it will not be possible to achieve seven to eight per cent growth rate per annum as stated in the CMP," Dr Ahulwalia said.

He said the Prime Minister, Dr Manmohan Singh, had directed him to see to that the declining trend in agricultural growth rate in the past few years was reversed to ensure higher economic growth and employment generation.

Dr Ahulwalia said to undertake mid-term appraisal of the Tenth Plan, all of the members would be part of groups and would review the policies and programmes in their domain. This will be supplemented by the views of external experts to arrive at a policy framework within which the new priorities and programmes of the UPA Government can be set. He said this was to ensure that objectives like basic social infrastructure and employment generation were adequately reflected, and the policies and programmes were tailored to promote these objectives.

When asked how ticklish issues, such as Employees Provident Fund (EPF), subsidies and gross budgetary support to the current year's Central Plan would be resolved, Dr Ahulwalia said that he had discussed various current economic issues with the Prime Minister and the Finance Minister.But he refused to divulge details as they form part of the Budget exercise.

Apart from the Deputy Chairman, other members who took charge include Mr Balchandra Mungekar, Vice-chancellor, Mumbai University; Mr Anwar-ul-Hoda, former Deputy Director General, WTO; Prof Abhijit Sen, Jawaharlal Nehru University, and Dr Syeda Hameed, member, National Commission for Women.

More Stories on : Economy | Policy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Monsoon fails to wag its tail

AP Govt to raise 20 crore Jatropha saplings
Rise in cement prices in AP
CMP does provide room for reform: Montek
Rising budget deficit brings more woes to Italy
Poor harvest, reforms impact hit Bengal's industrial growth
Draft legislation on AIDS awaits Govt nod
HCDC sets up healthcare training centre in Kolkata
Will banning endosulfan solve the problem?
`Retain steel yard at all cost'
Panchayats ask APTransco to clear all tax dues
In a bottleneck
Pre-counselling guidance session for Vizag students
Kerala CM warns against filling up wetlands for construction
GCDA invites bids
FIEO wants `dollar window' to boost exports — Seeks more flexibility in EEFC account
Cinema halls struggling for survival
CPI (M) opposes NTPC divestment plan; says no problem with IPO
Steps to improve education of minorities soon
Canara Bank gesture
Assocham chalks out roadmap for rural credit
Forum demands white paper on child labour in AP
FICCI role in Stonemart expo
Lecture by US cardiologist
Raise exemption limit to Rs 40,000 says IRDA — I-T sops for pension investments urged
Five traditional items push export growth
Mills strike deal to import 6 lakh bales of cotton
Measuring instruments import norms eased
Karnataka tourism corporation reports profits

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line