Montek puts in papers, other members to follow

Tags: News
Planning Commission Deputy Chairman Montek Singh Ahluwalia today resigned while the other members are in the process of putting in their papers.

Ahluwalia submitted his resignation to the Prime Minister Manmohan Singh after the Union Cabinet meeting held here in the Capital. Apart from him, another member of the Commission B K Chaturvedi also submitted his resignation.

"Deputy Chairman has put in his papers. I don't know about the other members but I have resigned as Member of the Planning Commission this morning," Chaturvedi told PTI.

Besides Ahluwalia, the full time members of panel are B K Chaturvedi, Saumitra Chaudhuri, Syeda Hameed, Narendra Jadhav, Abhijit Sen, Mihir Shah, K Kasturirangan and Arun Maira.

As per the practice all members of the Commission submit their resignations to the Prime Minister who is the head of the institution after the general elections.

The term of members of the Planning Commission is co-terminus with the government.

Following the results yesterday of the general elections, the new BJP-led government is expected to be formed next week. The new government will decide on the reconstitution of the the Commission.

This Commission has drafted the 12th Five Year Plan (2012-17) which envisages an annual average economic growth of 8 per cent during the policy period.

However the economic growth was recorded at 4.5 per cent in the first year of 12th Plan. It is estimated to be 4.9 per cent in 2013-14, the second of the policy period. The economic growth is expected be 5.5 per cent during this fiscal.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • Government must give up majority ownership in loss making PSU banks

    After four years of braving economic slowdown and provisioning for rising non performing assets (NPAs), public sector banks are in urgent of capital.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Cooperative federalism and governance

Improving relations between the states and the Centre to improve ...

Kuruvilla Pandikattu SJ

Reason drives religion, science

Both religion and science are driven by reason, claims Rama ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture