 "Finance Minister Arun Jaitley (right) and Chief Economic Advisor Arvind Subramanian share a light moment after a press briefing in New Delhi on Thursday")
It is official: Five-Year Plans will come to an end with the conclusion of the 12th Five-Year Plan on March 31, 2017, closing another chapter in India’s Nehruvian legacy.
A Budget circular issued by the finance ministry on Thursday said, “There will henceforth be no Five-Year Plan post the 12th Plan.” The circular basically justified the need for doing away with Plan and non-Plan classification of government expenditure and replacing it with revenue and capital break-up.
Read our full coverage on Union Budget 2016
There were indications that the Five-Year Plans would be scrapped once the
A Budget circular issued by the finance ministry on Thursday said, “There will henceforth be no Five-Year Plan post the 12th Plan.” The circular basically justified the need for doing away with Plan and non-Plan classification of government expenditure and replacing it with revenue and capital break-up.
Read our full coverage on Union Budget 2016
There were indications that the Five-Year Plans would be scrapped once the
