Cabinet gives a nod to coordinated mechanisms

These high-growth areas include automobile and auto components, banking, Insurance and financial services, building and construction industry, Business Process Outsourcing (BPO), and  media, entertainment, broadcasting, content creation and animation among others.

Meanwhile, the Cabinet Committee on Economic Affairs (CCEA) today gave its approval in the relaxation of the mandatory condition under Backward Regions Grant Fund (BRGF) programme that participatory plans shall be prepared by panchayats at the district, intermediate and village levels and they shall be consolidated by the District Planning Committee into the district plan.

As a result of this decision, the state of Jharkhand would be eligible to draw funds under BRGF provided that they undertake a participative mode of preparation of the district plans from the grassroots upwards, through Gram Sabhas and traditional tribal bodies in Schedule 5 areas which would be approved by a State High Powered Committee chaired by the Chief Secretary.

"This relaxation would apply till such reasonable time as may be required for the State to constitute Panchayats in accordance with the final decisions in the pending litigation before the Supreme Court," Finance Minister P Chidambaram said after the CCEA meeting.