Economy

Think-tank moots investment monitor for State

Our Bureau Thiruvananthapuram | Updated on November 11, 2017




The Thiruvananthapuram-based Rajiv Gandhi Institute of Development Studies has come out with a document, Policy framework for comprehensive development of the State, ahead of the Kerala Development Congress that it plays host to in a few days.

The State has been facing an unprecedented development crisis, the document notes. In this context, it seeks to give an account of the crisis, the strategy, objectives and policy framework for comprehensive development.

The strategy for development aims at increasing investment in productive social and economic infrastructure and human resource development, which will put the State on a path of an accelerated and sustainable growth.

Along with this, application of modern technology in agriculture, industry, service and administrative sectors will be encouraged.

The development strategy will be such that the mixed economy will be preserved as such by continuing effective market interventions and by protecting and improving the performance of public sector enterprises. On the other hand, policies that aim at attracting private and foreign investment will be pursued.

REGULATORY COMMISSION

An Investment Regulatory Commission will be established for the approval, regulation and product pricing of large-scale private-funded projects.

Such projects will be approved by protecting the public interest environment and in a transparent manner.

The overall strategy will give thrust to development with a human face, giving special emphasis to poverty eradication and employment generation thereby improving standard of living as well as quality of life of the underprivileged.

Strong and effective market intervention policies will be adopted to ensure equitable distribution of the fruits of development. Economic empowerment of the poor will be given equal importance.

FIVE-YEAR PLANS

The administrative set up will be revamped to enable the Government to deliver not just governance but also to effectively implement the Five-Year Plans and other development and social welfare programmes.

The lethargic, inept and corrupt administration will be replaced by modern administration. Similarly, mafias and other vested interest groups will be curbed. To achieve this end, legislations will be adopted.

Government departments, institutions, public sector enterprises, universities and local self government Institutions etc will be made efficient.

MAJOR OBJECTIVES

This policy document identifies six major objectives of comprehensive development — accelerated economic growth and development; tackling effectively poverty and unemployment; ensuring the welfare of non-residents; emphasis on food security, social welfare and development of social overhead capital in order to ensure improved quality of life; better fiscal management, plan implementation and reformation of governance; and conservation of environment, ecosystems and natural habitats.

Published on February 08, 2011

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