News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 17 years ago
Rediff.com  » Business » Montek meets FM over central schemes

Montek meets FM over central schemes

Source: PTI
Last updated on: December 29, 2006 15:58 IST
Get Rediff News in your Inbox:
Planning Commission Deputy Chairman Montek Singh Ahluwalia met Finance Minister P Chidambaram on Friday on the issue of restructuring of centrally-sponsored schemes, which has a total outlay of Rs 71,996 crore (Rs 719.96 billion) this fiscal.

Both sides have already agreed on restructuring of the schemes and curtailing the subsidy bill, Ahluwalia told reporters after the meeting.

Describing the meeting as normal in a run up to the annual budget, Ahluwalia said "Both (Planning Commission and finance ministry) have agreed on restructuring of centrally-sponsored schemes."

To a query, he said the meetings will continue in January as well.

The Approach Paper to the 11th plan, approved by the National Development Council recently, admitted
that it is difficult to evolve a consensus on CSS.

An expert group set up by the Planning Commission had suggested terminating 130 schemes that had a total outlay of Rs 8,432,81 crore (Rs 8432.81 billion) in the current fiscal. It had recommended retaining only 25 schemes that accounted for a bulk or 88.29 per cent of the total CSS outlay of Rs 71,996.78 crore in 2006-07.

According to finance ministry sources, the government could do away with many of these schemes since the current fiscal was the terminal year of the Tenth Five Year Plan.

Central support for programme in some critical sectors such as Sarva Shiksha Abhiyan, Mid Day Meal, National Rural Employment Guarantee consists of 100 per cent grant through centrally-sponsored schemes.
Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!