Parliamentary panel discusses 12th Plan document
New Delhi: A Parliamentary panel Friday discussed the 12th Five Year Plan (2012-17) document, which aims to raise annual average economic growth to 8.2 percent from 7.9 percent in the previous Plan.
"The Parliamentary Standing Committee on Finance discussed the macro economic situation and the 12th Plan strategy for boosting growth. The discussions will continue in the next meeting scheduled on November 2," a source said.
The panel is headed by the senior BJP leader and former Finance Minister Yaswant Sinha.
The 12th Plan document has been approved by the Union Cabinet and will now be placed before the National Development Council (NDC) for final approval.
The reconstituted panel will also deliberate on the Goods and Service Tax matter and submit its report on it.
The panel had already submitted its report on the Prevention of Money Laundering (Amendment) Bill, 2011, The Companies Bill, 2011 and The Benami Transactions (Prohibition) Bill, 2011. It has also submitted a report on 'Current Economic Situation and Policy Options (in 2012)'.
It has also submitted its views on the Regulation of Factor (Assignment of Receivables) Bill, 2011, The Pension Fund Regulatory and Development Authority Bill, 2011, The Insurance Laws (Amendment) Bill, 2008, The National Identification Authority of India Bill, 2010 and The Banking Laws (Amendment) Bill, 2011.