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TN to replace state Planning Commission

Press Trust of India 

has decided to replace the State with a Development Policy Council in consonance with the Centre's approach in doing away with distinction between plan and non-plan allocations.

This was announced by state Minister D Jayakumar during his budget presentation in the today.

He said the Union had done away with the distinction between Plan and Non-Plan allocations in the budget formulation from 2017-18.

The state welcomed the Centre's move since it was one of the long standing demands of late supremo and Chief Minister as it would simplify the budgetary process and keep the focus firmly on the functional classification of expenditure, he said. "In consonance with the above approach, this government will replace the State with the State Development Policy Council to advise the Government on policy coherence and formulation of programmes to guide development of the State", Jayakumar said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 21:22 IST