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LATEST NEWS UPDATES | Quarterly watch on ministries-Jayanta Roy Chowdhury

Quarterly watch on ministries-Jayanta Roy Chowdhury

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published Published on Jul 9, 2012   modified Modified on Jul 9, 2012
-The Telegraph

The Centre has brought back quarterly monitoring of the performances of all ministries and projects after having let the practice lapse into half-yearly reviews about five years ago.

Projects and ministries will be set targets and these will be reviewed at three levels — by the PMO, Planning Commission and administrative ministries — plan panel deputy chairman Montek Singh Ahluwalia said today.

“We have set quarterly targets for all the ministries involved in the development projects and the reports will be monitored and discussed at three levels, including the PMO,” PTI quoted Ahluwalia as saying in Ludhiana.

Planning Commission advisers said this had been the practice for several decades but had been discontinued in 2007 and replaced with half-yearly reviews “as quarterly reviews took up too much of the planners’ and project heads’ time”.

The government has been facing an image problem of late, with commentators complaining of a governance deficit and stalled reforms.

Poor infrastructure is one of the factors said to be slowing India’s growth story. Ahluwalia said that transport, energy and infrastructure would be the key areas to be monitored. The PMO would step in wherever needed to resolve disputes and bottlenecks.

Last year, several industry leaders in an open letter advised the government to take urgent action on electoral, judicial and land reforms, crack down on corruption and address the governance deficit.

Last month, global ratings agency Standard & Poor’s warned: “Slowing GDP growth and political roadblocks to economic policy-making could put India at the risk of losing its investment grade rating.”

GDP figures showed India’s growth story had slowed to 5.3 per cent in the January-March quarter of 2012.

Since then, the government has been working at an image correction. “The quarterly review will be one such message,” a senior plan panel official said.

Many of the government’s reform measures, such as FDI in multi-brand retail, are stuck because of a lack of political consensus. Therefore, officials argue, there is a need to push measures that can be tackled administratively.

“Infrastructure is one such area; clearances for projects is another…. Businessmen can be enthused if the government can manage to deliver on just these two parameters,” said D.K. Joshi, chief economist of ratings agency Crisil.

The Telegraph, 9 July, 2012, http://www.telegraphindia.com/1120709/jsp/frontpage/story_15707465.jsp


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