Five year plan News
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.
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.
Breaking away from the tradition of fixing five-year goals, the Power Ministry may now set a generation target for the next two decades.
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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