Five Year Plan

China's 15th Five-Year Plan is a blueprint for economic fortification, pivoting towards technological self-reliance and domestic consumption to counter US rivalry

FinMin gives 6-month extension to 12th Plan schemes

The Finance Ministry has extended the time period for 12th Plan schemes ending on March 31 by six months, thus giving time to ministries to complete their appraisals.

NITI Aayog to launch 3-year action plan from April 1

Under the new system, sources said states will be encouraged to meet the targets of various schemes or face the prospects of drying up of the fund flows.

All government schemes to have sunset clause: Finance Ministry

All government schemes should have a sunset clause and must be co-terminus with the tenure of Finance Commission, which is constituted every five years, the Finance Ministry said today.

China to relocate 9 mn people as part of plan to end poverty

The Chinese government has announced its plan to relocate the 9.81 million people from 22 provinces during the 13th Five-Year Plan period (2016-2020). The plan has been approved by State Council- the chief administrative authority of China.

3-year fiscal framework may replace Five-Year Plan: Panagariya

Finance Minister Arun Jaitley has already announced in his Budget speech about doing away with the classification of Plan and Non-Plan expenditure in the backdrop of 2016-17 being terminal year of the 12th Plan period (2012-17)

Advocate FDI in defence; Land Bill urgent call: Tewari

Manish Tewari, MoS (Independent Charge) information & broadcasting ministry, Congress speaks about the upcoming elections and the governments proactive role in the country‘s economic situation. He also pointed out that passing of Land Acquisition Bill is the need of an hour for the economy.

Gradual hike in energy prices, cut in subsidy likely: PM

Describing the current economic situation as a difficult one, Prime Minister Manmohan Singh hinted at tough decisions like hike in energy prices and reduction of subsidies to achieve the growth target of 8 per cent in the 12th Five Year Plan.

Port capacity to double in 5 yrs: Planning Commission

The capacity of Indian ports will have to nearly double to 2,302 million tonnes (MT) over the next five years to be able to handle the fast growing cargo traffic, the Planning Commission has said.

Plan panel cuts GDP growth target to 8.2% for 12th Plan

In view of fragile economic recovery, Plan panel has decided to lower annual average economic growth rate to 8.2% in the 12th Five Year Plan (2012-17) from 9% envisaged earlier.

CIL to spend Rs 59,400 cr on capex over five years

State-owned miner Coal India (CIL) has chalked out a whopping Rs 59,400 crore capex programme for the current Five Year Plan period ending March, 2017 including Rs 25,000 crore for overseas acquisitions.

Govt allocates 116 coal blocks to CIL for expansion

The government has allocated 116 mines to Coal India for expansion to help it boost production capacity amid the PSU firm drawing flak for coal shortages across the country.

Economic Survey: Broad efforts needed for 4% agri growth in 12th Plan

The survey suggested that pooling of land, efficient food stock management, improvement of supply chain to achieve the desired growth.

Wrong inflation forecasts hurt India's integrity: Ahluwalia

Over-optimistic forecasts by policymakers predicting when India's stubbornly high inflation would ease have hurt the government's credibility, although price rises should moderate by the end of the fiscal year in March, a senior adviser said on Sunday.

Without action, 200MT shortfall in coal output in 12th Plan

The Coal Ministry today said the shortfall in domestic coal output in the country is likely to exceed 200 million tonne (MT) in the forthcoming Five-Year Plan (2012-17) period if proactive measures are not taken to bridge the demand-supply gap for the fossil fuel.