PM: States to be equal partners in development

NITI Aayog is all set to usher into a paradigm shift in the way planning is done for meeting India’s development goals. It is working on a 15 year vision document that will replace the system of formulating 5 year plans that have been followed for the last 6 decades.

Prime Minister Narendra Modi’s prescription to NITI Aayog today was that it’s vision document should usher in transformational change since the country cannot wait for incremental change.

Giving a broad policy direction to NITI Aayog, Prime Minister Narendra Modi said that the institution should lead the way in fostering innovative and out of the box, thinking for India’s development and do futuristic planning to develop its natural and human resources.

He said that India cannot wait for incremental change and needs transformational change which can come only with drastic policy reform.

In line with govt’s emphasis on co-operative federalism,PM stressed on the need to make States equal partners in economic and social development.

He pointed out that India has not succeeded in making the best and efficient use of its natural resources such as solar energy and needs to need to make an exhaustive list of its untapped natural resources to enable full exploitation of their potential.

Earlier, Aayog’s Deputy Chairman Arvind Panagariya presented a low down of the historic planning process starting from the Planning Committee in 1938 and said that we should bear in mind the mistakes of the past while formulating the Vision Document.

Since the current financial year 2016-17 is the terminal year of the 12th Five Year Plan, the NITI Aayog is actively working on 3 inter-connected documents for the post-12th Five Year Plan period.

It is evolving a vision document keeping in view the social goals set for a period of 15 years.

A 7 year strategy document from 2017-18 to 2023-24 to translate vision into policy and action with a mid-term review after 3 years.

And a 3 year action document for 2017-18 to 2019-20 aligned to predictability of financial resources during 14th Finance Commission Award period.

Thursday’s meeting was a prelude to NITI Aayog Governing Council meeting expected soon to deliberate on the vision document.

The Governing Council headed by the Prime Minister comprises all chief ministers and ex-officio members who include home, finance, railway and agriculture ministers.Prime Minister Narendra Modi’s prescription to NITI Aayog today was that it’s vision document should usher in transformational change since the country cannot wait for incremental change.

Giving a broad policy direction to NITI Aayog, Prime Minister Narendra Modi said that the institution should lead the way in fostering innovative and out of the box, thinking for India’s development and do futuristic planning to develop its natural and human resources.

He said that India cannot wait for incremental change and needs transformational change which can come only with drastic policy reform.

In line with govt’s emphasis on co-operative federalism,PM stressed on the need to make States equal partners in economic and social development.

He pointed out that India has not succeeded in making the best and efficient use of its natural resources such as solar energy and needs to need to make an exhaustive list of its untapped natural resources to enable full exploitation of their potential.

Earlier, Aayog’s Deputy Chairman Arvind Panagariya presented a low down of the historic planning process starting from the Planning Committee in 1938 and said that we should bear in mind the mistakes of the past while formulating the Vision Document.

Since the current financial year 2016-17 is the terminal year of the 12th Five Year Plan, the NITI Aayog is actively working on 3 inter-connected documents for the post-12th Five Year Plan period.

It is evolving a vision document keeping in view the social goals set for a period of 15 years.

A 7 year strategy document from 2017-18 to 2023-24 to translate vision into policy and action with a mid-term review after 3 years.

And a 3 year action document for 2017-18 to 2019-20 aligned to predictability of financial resources during 14th Finance Commission Award period.

Thursday’s meeting was a prelude to NITI Aayog Governing Council meeting expected soon to deliberate on the vision document.

The Governing Council headed by the Prime Minister comprises all chief ministers and ex-officio members who include home, finance, railway and agriculture ministers.