AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,599 Increased By 139.8 (0.55%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

imageNEW DELHI: Indian Prime Minister Narendra Modi held a brainstorming session on Sunday on replacing Soviet-style central planning with a 'Team India' concept that would give federal states a greater role in developing Asia's third-largest economy.

Although he won a huge election mandate in May, the writ of Modi's government is weak as the majority of India's 29 states are controlled by his opponents. That has led him to seek their help in implementing his growth and jobs agenda.

"It is impossible for the nation to develop unless states develop," Modi told a meeting with chief ministers in New Delhi. "The process of policy planning also has to change from 'top to bottom' to 'bottom to top'."

As chief minister of Gujarat, Modi objected to meddling by the Planning Commission in his state's affairs. One ally has described the body as a "parking lot" for political cronies and unwanted bureaucrats.

Yet, three months after Modi vowed to replace the Planning Commission "in a short span of time", deliberations on its successor are still in their early stages and there is little sign of a consensus.

The opposition Congress party, whose patriarch Jawaharlal Nehru set up the Planning Commission in 1950, said that while the body needed reorientation, its dismantling was unwarranted.

Speaking after the meeting, Finance Minister Arun Jaitley said the mandate of the body still had to be determined, adding that there was majority support for a structure in which both the centre and states are represented.

It was also unclear, Jaitley added, whether India would scrap the five-year plans introduced by Nehru. The current, 12th five-year plan, runs to 2017.

Copyright Reuters, 2014

Comments

Comments are closed.