NEW DELHI: The five-year plan, a relic of Nehru-era economic policy, will officially be buried as the Niti Aayog’s governing council is likely to approve the government’s new policy document: the three-year action plan (2017-2020).
The government had announced that it would junk five-year plans from the current fiscal, after the 12th Plan ended on March 31, 2017, and replace it with three-year action plan and 15-year vision document. It will also come out with a seven-year strategy paper.
The BJP dispensation’s first key policy document related to planning needs the nod of Niti Aayog’s high-powered governing council headed by PM Narendra Modi and has all CMs, administrators of Union territories and senior Cabinet ministers as members.
A top government source said Modi is likely to call the meeting of the governing council on April 23. "The meeting’s agenda is approval of the three-year action plan," he added. The government’s premier thinktank, racing against time to meet the deadline, has forwarded the key document to the PMO for vetting.
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