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PM Modi to review infrastructure performance with officials on Tuesday

25 April, 2017, 04:41 | Author: Jeff Stephens
  • PM Modi to review infrastructure performance with officials on Tuesday

Kerala CM Pinarayi Vijayan said NITI Aayog was "in no way a real substitute for the erstwhile Planning Commission" and argued that the "space for constructive debate is shrinking as forums like National Development Council and Inter State Council have become "almost defunct now".

"One major issue we have identified is how to double the income of the farmers".

The Aayog has already circulated a draft three-year action plan to all states as a roadmap that will help India achieve the government's 15-year vision, which it is now preparing.

In what is widely perceived as an indication for a shift of the financial year, Prime Minister Narendra Modi today urged States to consider January-December fiscal instead of the current April-March. The optimism stems from a presumption of high growth levels India is expected to experience in the coming years, according to the government's think-tank, NITI Aayog. "The Niti Aayog is working on a 15-year-long term vision, 7-year medium term strategy, and 3-year action agenda..."

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At the Niti Aayog meeting, Prime Minister Narendra Modi also made a push for holding simultaneous elections for state assemblies and Parliament.

At the meeting, NITI Aayog vice chairman Arvind Panagariya will speak about the way ahead for India's rapid transformation, Modi said.

During the meetings, Mehbooba will reiterate her demand for initiating a dialogue process with all stakeholders to restore peace in the state.

The Council's second meeting outlined the substantial progress made by the three sub-groups and the two Task Forces. At the meeting, Modi said there has been a 40% increase in overall fund allocation to states between 2014-15 and 2016-17.

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Stating that poor infrastructure was hampering economic development, Mr. Modi said more expenditure on basics such as roads, ports, power and railways would help accelerate the pace of growth.

The three-year action agenda covering 2017-18 to 2019-20 was circulated to the governing council members on Sunday and would be finalised shortly.

GST (Goods and Services Tax), which will subsume central excise, service tax, VAT and other local levies, is scheduled to be rolled out from July1.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan will talk about the strategy for doubling farmers' income.

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Chief Minister underlined that the decision of the GST Council to use the proceeds of Clean Environment Cess for GST Compensation Fund, meant for all States, is disadvantageous to coal bearing States like Odisha which have to bear the burden of environmental degradation and the cost of rehabilitation.

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