19 pc hike in State's 2010-11 Annual Plan

Plan size fixed at Rs 31,050 cr; social sector to get 45 pc; urban dev 19 pc; CM pleased

The plan size for the next fiscal was finalized at a two-hour long meeting between Deputy Chairman of the Planning Commission Montek Singh Ahluwalia and the Karnataka Chief Minister B S Yeddyurappa here. The figure includes additional Central assistance of Rs 65 crore for programmes of special assistance to the State.

“We are happy with the Plan size for 2010-11. We have proposed an annual plan of Rs 31,000 crore. We have got more than what we proposed,” Yeddyurappa told newspersons immediately after the meeting with the Plan Panel. At the meeting while reviewing the performance of the  economy,  Ahluwalia complimented Karnataka for plan performance and achievements in social sector.

“The innovative approach has helped the State in becoming country’s global economic player. Performance in IT sector, bio-technology and software exports is laudable,” he said. During the meeting, Yeddyurappa, while giving an outline of developmental projects proposed to be taken up in the next fiscal, assured the Planning Commission that his government would be able to mobilize required resources to support its development initiatives. “The fiscal deficit is well within three per cent of the Gross State Domestic Product  (GSDP) and the consolidated debt of State is less than 28 per cent of the GSDP,” he said.

In the course of meeting, Yeddyurappa wanted Planning Commission’s intervention to secure captive coal block allotments for Chattisgarh, Yarmarus, Ediapur, Kudagi, Gulbarga and Belgaum power projects. He said Upper Bhadra Project and de-silting of Tungbhadra Reservoir should be declared as national projects.

As per the outline of the Karnataka’s finalized Annual Plan for 2010-11 the energy sector will get 13 per cent, transport 12.3 per cent, irrigation 11.3 per cent and education 7.8 per cent of the outlay. The social sector will have 45.4 per cent of the total outlay. In terms of increase, urban development will get 19.1 per cent while labour and employment will have 15.4 per cent additional funding.

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