Ludhiana, Jul 8:Top push development works, quarterly targets have been fixed for the first time for various ministries and projects would be monitored at three levels, including the PMO, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today.
“For the first time, we have set quarterly targets for all the ministries involved in the development projects and the reports will be monitored and discussed at three levels, including the PMO,” he said.
Targets have been fixed, especially in the areas oftransport, energy and infrastructure, he added“Three would be three phases to monitor the progress of development projects—at the Planning Commission, the ministry level and overall monitoring will be done in the PMO,” Ahluwalia, who is on a private visit to the city, told reporters.
He said infra development projects are delayed due to of unavailability of clearance from various ministries.
He also asserted that several effective steps are being taken to improve the economy which is in “some difficulties”.
If there is a problem or a bottleneck, the PMO will ask the concerned secretaries to resolve the issue, he said.
In reply to a question, Ahluwalia said 5.3 per cent economic growth in the last quarter of the previous fiscal is bad.
A further fall in this figure would be worse, he added.
He said the GDP figure of 9 per cent was not realistic.
“We can go back to 6.5 per cent GDP soon.”
On foreign direct investment (FDI), he said the FDI was not a saviour.
The domestic investment was saving the country.
“Any country that has major companies coming forward to make investments there only makes the people feel more comfortable,” he said.
He said that the Indian companies that are making investments abroad are a sign of the fact that we are a mature economy.
