Five-year plans Current Affairs, GK & News
The Union Cabinet approved the XII Plan (2012-17) document focused at attaining annual average economic growth rate of8.2%, down from 9% targeted earlier. The Plan document will now need final approval from the highest decision making body, the National Development Council (NDC). Besides, the XII Plan aims to achieve 4% growth of agriculture sector. The ..
This article differentiates Plan Expenditure, Non-Plan Expenditure and Gross Budgetary Support and explains why the Rangarajan Panel calls for removal of plan, non-plan distinction. We all know about the Five Year Plans. In the annual budgets, the central plan is the government’s annual expenditure sheet, which follows the five year roadmap developed for the Five year Plan. ..
Category: Government Schemes Current Affairs
Recently, it was made clear that Planning Commission will aim to achieve an average economic growth of 9% over the Twelfth Five Year Plan (2012-17). The plan will primarily maintain the agenda of inclusive growth of the ongoing 11th plan with social sectors such as health, education, skill development and infrastructure getting primary attention and ..
Planning Commission Member and Steering Committee Chairman Abhijit Sen has recently said that farm sector target growth rate shall be 4% in the 12th Five Year Plan. The same target was set for 11th plan and Sen has blamed poor monsoon for missing the farm sector targets in the 11th Plan. Its worth note that ..
The Janta Government terminated the fifth five year plan in 1977-78 and launched its own sixth five year plan for period 1978-83 and called it a Rolling Plan. Meaning of Rolling Plan The meaning of the Rolling Plan was that now, every year the performance of the plan will be assessed and a new plan ..