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Tenth Plan approach paper to be finalised on Friday

Tenth Plan approach paper that projects an 8 per cent growth and Rs 800 billion divestment target is likely to be finalised by the full Planning Commission on June 29.

The commission, under the chairmanship of the Prime Minister Atal Bihari Vajpayee, met on Wednesday to discuss all major issues and decided to meet again on Friday to take a final view before placing it before the National Development Council for approval.

The issues included granting of special category status to the newly formed hill state of Uttaranchal and with retrospective effect from 1969 to Jammu and Kashmir and Assam besides transfer of centrally sponsored schemes to states.

However, the issue of revision of the Gadgil-Mukherjee formula has been deferred and will not form part of Friday's agenda, official sources said.

"It has been decided that the issue will need more examination. The formula is likely to be discussed with the states before it is brought before the National Development Council," they said.

Prime Minister Atal Bihari Vajpayee had said that a revision of policies, procedures and institutions was needed along with all party consensus and political unanimity to achieve the targeted growth rate of 8 per cent during the Tenth Plan period.

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