Niti Aayog's governing body begins deliberations on 'Vision Document'
NEW DELHI: Prime Minister Narendra Modi on Sunday asked states to speed up capital expenditure and infrastructure creation to help the country realise the vision of New India.
"It is the collective responsibility of this gathering to envision the India of 2022 – the 75th anniversary of independence – and see how we can swiftly move forward to achieve these goals," PM Modi said.
He acknowledged states' contribution in pushing forth country's most comprehensive indirect taxation reform ---the Goods and Services Tax keeping ideological and political differences aside.
"GST reflects the spirit of 'one nation, one aspiration, one determination'.....Consensus on GST will go down in history as a great illustration of cooperative federalism," Modi said
Delivering the opening remarks at the third meeting of the governing council of NITI Aayog on Sunday Prime Minister, who is the chairman of the Aayog , said that “Team India” has once again assembled to discuss and reflect on ways to prepare India for changing global trends.
PM Modi is of the view that the vision of “New India” can only be realised through the combined effort and cooperation of all states and their chief ministers, an official statement said.
Recognising that NITI Aayog has been taking steps to transform India with fresh vigour, PM Modi said government, private sector and civil society all need to work in sync.
Hailing Aayog's efforts in seeking outside views on policy matters, PM Modi said that NITI Aayog had gone beyond relying on government inputs and taken on board a number of outside specialists, subject experts, and young professionals.
Stressing the importance given to the views of chief ministers under his regime, PM Modi noted that it was the first time chief ministers had been asked to recommend the list of Centrally sponsored schemes and the sharing pattern. "Despite funding constraints, the recommendations were accepted immediately," he added.
According to the statement, there has been a 40 per cent increase in overall fund allocation to States between 2014-15 and 2016-17, the percentage of funds tied to central schemes has declined from 40 per cent of the earlier total, to 25 per cent of the enhanced total with a corresponding increase in the untied share, thus giving enough room to states to enhance capital expenditure.
Speaking of the historic change in budget presentation date, the Prime Minister said this would enable timely availability of funds at the beginning of the financial year.
"Hereafter the emphasis would be on distinguishing between development and welfare expenditure on one hand, and administrative overheads on the other," he said explains to states the rationale behind doing away with the distinction between Plan and Non-Plan expenditure.
"It is the collective responsibility of this gathering to envision the India of 2022 – the 75th anniversary of independence – and see how we can swiftly move forward to achieve these goals," PM Modi said.
He acknowledged states' contribution in pushing forth country's most comprehensive indirect taxation reform ---the Goods and Services Tax keeping ideological and political differences aside.
"GST reflects the spirit of 'one nation, one aspiration, one determination'.....Consensus on GST will go down in history as a great illustration of cooperative federalism," Modi said
Delivering the opening remarks at the third meeting of the governing council of NITI Aayog on Sunday Prime Minister, who is the chairman of the Aayog , said that “Team India” has once again assembled to discuss and reflect on ways to prepare India for changing global trends.
PM Modi is of the view that the vision of “New India” can only be realised through the combined effort and cooperation of all states and their chief ministers, an official statement said.
Recognising that NITI Aayog has been taking steps to transform India with fresh vigour, PM Modi said government, private sector and civil society all need to work in sync.
Hailing Aayog's efforts in seeking outside views on policy matters, PM Modi said that NITI Aayog had gone beyond relying on government inputs and taken on board a number of outside specialists, subject experts, and young professionals.
Stressing the importance given to the views of chief ministers under his regime, PM Modi noted that it was the first time chief ministers had been asked to recommend the list of Centrally sponsored schemes and the sharing pattern. "Despite funding constraints, the recommendations were accepted immediately," he added.
According to the statement, there has been a 40 per cent increase in overall fund allocation to States between 2014-15 and 2016-17, the percentage of funds tied to central schemes has declined from 40 per cent of the earlier total, to 25 per cent of the enhanced total with a corresponding increase in the untied share, thus giving enough room to states to enhance capital expenditure.
Speaking of the historic change in budget presentation date, the Prime Minister said this would enable timely availability of funds at the beginning of the financial year.
"Hereafter the emphasis would be on distinguishing between development and welfare expenditure on one hand, and administrative overheads on the other," he said explains to states the rationale behind doing away with the distinction between Plan and Non-Plan expenditure.