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NDC meeting on Dec 21 to approve 10th Plan

The National Development Council meeting to approve the Tenth Five-Year Plan document will be held on December 21, Deputy Chairman, Planning Commission, K C Pant said on Monday.

"The NDC will be convened on December 21 to approve the Plan document," he told reporters.

The Union Cabinet had on October 29 approved the 10th Plan recommendations with an outlay of Rs 6,71,009 crore (Rs 6,710.09 billion) for the states involving gross budgetary support to the tune of Rs 7,06,000 crore (Rs 7,060 billion).

The full Planning Commission chaired by Prime Minister Atal Bihari Vajpayee had endorsed a tough six-point reform agenda to push the annual growth from a 'stagnant' 5.5 per cent to a high 8 per cent.

The three-volume document proposes to carry forward key reforms, particularly in agriculture, to generate 50 million jobs in the next five years besides raising FDI flow to $7.5 billion annually and mop up Rs 78,000 crore (Rs 780 billion) through divestment notwithstanding stiff resistance from within the NDA to privatisation.

The public sector outlay has been pegged at Rs 15,92,30 crore (Rs 1,592.30 billion), including Rs 9,21,291 crore (Rs 9,212.91 billion) central plan outlay.

The NDC meeting is expected to be attended by the chief ministers of all states.

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