Economy

Karnataka Plan outlay fixed at Rs 42,030 crore

Our Bureau New Delhi | Updated on April 11, 2012 Published on April 11, 2012

The Karnataka Chief Minister, Mr D.V. Sadananda Gowda (left), with the Deputy Chairman, Planning Commission, Mr Montek Singh Ahluwalia, at the Yojana Bhawan, prior to finalising Plan for 2012-13 for the State, in New Delhi on Wednesday. — Photo: Shanker Chakravarty   -  Business Line

The Annual Plan for Karnataka has been fixed at Rs 42,030 crore for 2012-13.

The Plan size was finalised here on Wednesday at a meeting between the Deputy Chairman, Planning Commission, Mr Montek Singh Ahluwalia, and the Karnataka Chief Minister, Mr D.V Sadananda Gowda.

expenditure realisation

Mr Ahluwalia commended the State's record in expenditure realisation and fiscal prudence, and said the State could lead in introducing technology for improving governance.

He urged the State to pay focus more on agriculture.

infrastructure development

On infrastructure development, Mr Ahluwalia said public-private partnership should be encouraged to expedite the development process. He pointed out that the State's growth rate had slowed down recently and was less than the national average, and drew attention to the regional imbalance in social indicators as well as sharp decline in generation of employment under the rural employment guarantee programme.

Resourceful

The Chief Minister, on his part, pointed out that Karnataka was one of the few States that had consistently realised more resource than what was budgeted in the Plans.

He said the State was likely to clock an expenditure of Rs 1,14,152 crore against an allocation of Rs 1,01,664 crore in the Eleventh Plan.

> aditi.n@thehindu.co.in

Published on April 11, 2012
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