Financial Daily from THE HINDU group of publications
Thursday, Feb 09, 2006
Financial Daily from THE HINDU group of publications Thursday, Feb 09, 2006 |
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Industry & Economy
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Economy Maharashtra Plan outlay pegged at Rs 14,829 crore Our Bureau
New Delhi , Feb. 8 THE Plan outlay for Maharashtra for 2006-07 was fixed at Rs 14,829 crore at a meeting here on Wednesday between Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, and the Maharashtra Chief Minister, Mr Vilasrao Deshmukh. The Annual Plan size of the State for the next fiscal includes additional Central assistance of Rs 200 crore for projects of special interest to the State, Rs 125 crore for Nandad, and additional Rs 75 crore for backward regions. In his opening remarks, Mr Ahluwalia said the State has been playing a pioneering role in developing economic activity in the country and in an era when the country is marching towards double-digit growth rate, the State needs to make extra effort to generate higher growth rates. He said new initiatives were needed including hard decisions to address problems and generate new success stories. He said the State has been achieving satisfactory growth rates but needs to pay more attention to plan performance. Special attention should be given to revival of extension services and institutional mechanisms. Special attention being given by the State to human development and power shortage was appreciated. He said regional disparities were an issue, which need to be addressed on priority. The State Government was advised to take steps to create investor-friendly environment and encourage private sector investment. It was also advised to review entire development policy and focus attention on less developed areas. It was pointed out that the State would benefit from the Union Government policies of infrastructure development and efforts should be made to take advantage of new programmes being introduced, including the National Urban Renewal Mission (NURM), backward region grant fund and Bharat Nirman.
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