NITI Aayog governing body meet at Rashtrapati Bhavan on Sunday

Image
Press Trust of India New Delhi
Last Updated : Apr 19 2017 | 8:28 PM IST
The meeting of NITI Aayog's Governing Council, the apex decision making body headed by Prime Minister Narendra Modi, will be held at the Rashtrapati Bhavan on Sunday.
The Council, which comprises all chief ministers, administrators of union territories and NITI Aayog members, will deliberate upon the 15-year road map for development.
"This time the meeting of the Governing Council will be held at Rashtrapati Bhawan," a senior government official said.
The council, with all chief ministers on board, will also discuss 3-year action plan and 7-year development strategies.
Since the government has done away with five-year plans with effect from April 1, it is imperative that the new three- year action plan is put in place at the earliest to guide various central ministries, departments and states to achieve the goal envisaged in the 'Vision 2030' document.
The 12th Five-Year Plan, the last in the series, was terminated on March 31.
The new three-year plan will also provide in detail the government's expenditure classification on the basis of capital and revenue categories.
The government has also done away with the classification of Plan and non-Plan expenditure.
The policy-making body had been mandated to come up with a 15-year vision document for a period up to 2030, which will be co-terminus with sustainable development goals.
The NITI Aayog has also been working on a 7-year strategy starting from the current financial year 2017-18 to 2023-24 to convert the vision document into implementable policy and action as part of the National Development Agenda.
It has also prepared a draft of the 3-year action plan for 2017-18 to 2019-20 which will be aligned with the 14th Finance Commission award period.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 19 2017 | 8:28 PM IST

Next Story