Financial Daily from THE HINDU group of publications
Thursday, Apr 25, 2002
Financial Daily from THE HINDU group of publications Thursday, Apr 25, 2002 |
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Industry & Economy
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Economy Plan outlay for Chhattisgarh Our Bureau
NEW DELHI, April 24 CHHATTISGARH'S annual Plan for the current fiscal has been fixed at Rs 1757 crore with its Tenth Plan (2002-07) outlay estimated at Rs 11,000 crore. This was decided at a meeting between the Planning Commission Deputy Chairman, Mr K.C. Pant, and the State Chief Minister, Mr Ajit Jogi. Mr Pant said that Chhattisgarh was among the few States with surplus power, which should be taken maximum advantage of. He said the State was well placed to attract industry and become a major industrial hub and said the State's policy to rely on development of infrastructure rather than incentives would encourage sustainable industrialisation. He urged the State to formulate a long-term master plan for development of roads. He said the declaration of Chhattisgarh as a State with high herbal resources and setting up of a network of protected areas to conserve medicinal plants was a step in the right direction. In his remarks, Mr Jogi urged the Plan panel to grant special category status to the nascent State as it conforms to all the criteria for being accorded special status. He said the Planning Commission needs to have a review on the grant/ loan ratio under the Gadgil-Mukherjee formula. He pleaded for more aid to upgrade infrastructure in State capital and sought revision of royalty on coal and other major minerals.
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