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Five year plan News

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China`s Communist-controlled legislature approved an economic roadmap for the next five years and a charity law among a series of measures Wednesday at the close of its annual meeting.
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The NITI Aayog has initiated the mid-term appraisal process of the 12th Five Year Plan, an exercise which has long been followed prior to establishment of the new body that replaced the Planning Commission.
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Breaking away from the tradition of fixing five-year goals, the Power Ministry may now set a generation target for the next two decades.
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The mid-term appraisal of the 12th Five Year Plan (2012-17), which envisages annual economic growth rate of 8 percent, is scheduled for the current fiscal ending March 31, Parliament was informed today.






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