Three Year Plan Niti Aayog

Government think tank niti aayog is likely to finalise three year action plan which will replace over six decade old practice of five year plans by december end in view of advancement of presentation of union budget this time.

Three year plan niti aayog.

Niti aayog which had scheduled to release its three year action plan was unable to meet its april 1st deadline pending pmo s approval newsbytes. However the action agenda has been fast tracked recognizing. Third and final is a three year action agenda which states the tasks and targets to be accomplished in next three years time frame further dividing the strategy into two parts. The governing council of the niti aayog consisting of the prime minister as its chairperson and several union ministers.

The three year action plan 2017 2020 prepared by think tank niti aayog has suggested shifting the composition of expenditures by allocating a larger proportion of additional revenues that become available over time to high priority sectors. Niti aayog will come out with three year action plan within two months with a view to accelerate economic growth and make it more inclusive by focusing on the health sector. The basic exercise to prepare three year action plan which would become basis for various central budgetary allocations will be over in couple of weeks. Niti aayog was in process of working out the above plan since may 2016.

The niti aayog s governing council which is currently reviewing the three year action agenda comprises all chief ministers mirroring the erstwhile national development council. Niti aayog has also been entrusted with the work on the 15 year vision document and a seven year strategy which would guide the government s development works till 2030. Niti aayog is developing itself as a state of the art resource centre with the necessary resources knowledge and skills that will enable it to act with speed promote research and innovation provide strategic policy vision for the government and deal with contingent issues. The action plan has replaced the five year plan plans of the erstwhile planning commission and would be.

The three year action agenda seeks to embark on a path to achieve all round development of india and its people through concerted action outlined in seven parts covering multiple facets of the indian economy. Draft three year action agenda 2017 18 to 2019 20 circulated to the governing council of the niti aayog on 23rd april 2017. Work on the vision strategy document and the action agenda document has progressed in parallel. Www niti gov in the three year action agenda a niti aayog document is based on extensive discussions with and inputs from the central ministries and state governments.

N the three year action agenda seeks to embark on a path to achieve all round development of india and its people through concerted action outlined in seven parts covering multiple facets of the indian economy.