Business Daily from THE HINDU group of publications Tuesday, Feb 27, 2007 ePaper |
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Industry & Economy
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Economy States - Karnataka Karnataka Plan outlay fixed at Rs 17,782 cr Our Bureau
This was decided at a meeting between the Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, and the State Chief Minister, Mr H.D. Kumaraswamy. In his remarks, Mr Ahluwalia said that the State has emerged as a major hub for knowledge-based industry. After the success in IT sector, manufacturing is also taking off. He said there is need to encourage foreign direct investment and the State should lay more stress on development of urban infrastructure. The Minister of State for Planning, Mr M.V. Rajasekharan, drew the State's attention to incentives available for promoting public-private partnership (PPP) in infrastructure and said due to fiscal constraints, infrastructure funding is difficult to be met through public outlays and the State should encourage PPP. Mr Kumaraswamy said the State intends to accord high priority to irrigation and energy sectors for which an outlay of 36 per cent has been allocated, while social service sector would get 34 per cent.
An outlay of Rs 1,980 crore has been proposed as the State's share of the district sector outlay. He said the second human development for Karnataka has suggested that performance in the areas of child and maternal health has to be improved.
Human indicators
The Chief Minister said the Government has resolved to review human indicators related to livelihood, health and nutrition, education, sanitation and housing at gram panchayat level.
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