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Steering Committee for Tenth Five Year Plan (2002-2007).

Financial Resources

Dated 10 January 2001

In the context of the formulation of the Tenth Five Year Plan (2002-07) concerning Financial Resources, it has been decided to set up a Steering Committee.

The composition of the Steering Committee is as under:-

i) Shri M.S..Ahluwalia, Member, Planning Commission Chairman
ii) Dr. Y.V.Reddy, Deputy Governor, RBI, Mumbai Member
iii) Shri M.Godbote, Ex-Home Secretary, GOI Member
iv) Shri Ajit Kumar, Finance Secretary, MOF, GOI Member
v) Shri S.Narayan, Secretary Revenue), MOF, GOI Member
vi) Shri C.M.Vasudev, Secretary (Expenditure), MOF, GOI Member
vii) Dr. Rakcsh Mohan, CEA, MOF, GOI Member
viii) Dr. Parthasarthi Shome, RBI Chair Professor, ICRIER, New Delhi Member
ix) Dr. M.O.Rao, Director, ISEC, Bangalore Member
x) Dr. Ashok Lahiri, Director, NIPFP Member
xi) Shri Janki Ballabh, Chairman, SBI Member
xii) Shri Deepak Parekh, Member Chairman. HDFC Member
xiii) Shri K.V.Kamath, Member Vice Chairman and CEO, ICICI Member
xiv) Dr. N. J. Kurian, Member Secretary Adviser (Financial Resources), Planning Commission Member

The Terms of Reference of the Steering Committee are as follows:

  1. to assess the resource scenario for Plan financing in respect of the Centre including Union Territories as well as the States for the Tenth Plan.
  2. to estimate domestic savings for the Tenth Plan in the light of past trends and all the relevant factors affecting saving habits.
  3. to present estimates separately for Centre (including UTs) and the States for the Tenth Plan in respect of tax revenues and surpluses of public sector including those of enterprises.
  4. to examine the trends in the capital market and money market and their impact on the flow of funds for financing plan outlays of public enterprises during the Tenth Plan.
  5. to examine the prospects of flow of external assistance available for Plan financing during the Tenth Plan in the light of recent trends with regard to utilisation of external aid for externally aided projects, flow of foreign direct investment, etc.
  6. to examine the prospects of private investment (domestic and foreign) during the Tenth Plan, and
  7. to examine critical policy issues which would affect the availability of finances for both public and private investment, and make recommendations in this regard.

The Chairman of die Steering Committee, if deemed necessary may constitute sub-Group and/or co-opt additional members.

The expenditure on TA/DA etc. of official members in connection with the meetings of the Steering Committee will be borne by the respective Government/Department/Institutions to which the member belongs. Non- Official Member will be entitled to TA/DA an admissible to Grade I Officers of the Government of India and this Expenditure will be paid by the Planning Commission.