Gadgil formula
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The Gadgil formula was developed for allocating central assistance funds to states as part of India's fourth five-year plan. It was named after Dr. D.R. Gadgil, then deputy chairman of the Planning Commission. The formula aimed to distribute funds more objectively and promote balanced growth across states. It gave preference to special category states and allocated the remaining funds based on population (60%), tax effort (10%), per capita income below national average (10%), ongoing irrigation and power projects (10%), and special state problems (10%).
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Gadgil Formula 1991
The document is a letter from Madhu Dandavate, Deputy Chairman of the Planning Commission of India, to Prakash Singh Badal, Chief Minister of Punjab. It discusses revising the formula used to allocate Central Assistance funds to state plans. Dandavate seeks Badal's views on whether the current Gadgil formula should be revised, and if so, in what areas. He provides background on the Gadgil formula and its criteria, including population, income levels, tax effort, and progress on national objectives. Dandavate will compile responses to help prepare a recommendation for the National Development Council on potential revisions to the allocation formula.
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Economic planning in india mod
The document discusses the different models of economic growth pursued in India since independence. It begins by describing the Nehru-Mahalanobis model which emphasized rapid development of heavy industry to create an industrial base and self-reliance. This was later supplemented by the Gandhian model focusing on agriculture and small industries for employment. Finally, the Rao-Manmohan model introduced in 1991 focused on liberalization, privatization and globalization.
Alaska's fiscal cliff (statewide teleconference 1.27.2014)
This document discusses Alaska's fiscal challenges and provides recommendations. It notes that growing spending and falling revenues are creating a widening fiscal gap that could lead to a severe crisis after 2023. Simply constraining spending growth is insufficient, and failure to reduce deficits will result in a hard landing. The document recommends capping spending at sustainable levels, enacting legislation to provide annual sustainable budget information, and closely examining programs to ensure consistency with a sustainable overall budget through prioritization and utilizing all revenue sources.
1 to 11.
The document discusses the functions and objectives of India's Five Year Plans from the first plan in 1951 to the eleventh plan in 2012. Some key points:
- The first plan (1951-1956) focused on developing the agrarian sector and dams/irrigation and achieved 3.6% GDP growth.
- Subsequent plans emphasized industry, infrastructure, poverty reduction and self-sufficiency.
- Later plans incorporated reforms like privatization, liberalization, and reducing population growth.
- Plans set targets for GDP growth, employment, literacy, and decreasing gender/income inequalities.
Similar to Gadgil formula (10)
Alaska's fiscal cliff (statewide teleconference 1.27.2014)
Alaska's fiscal cliff (statewide teleconference 1.27.2014)
Gadgil formula
- 1. “Gadgil formula” The Gadgil formula was formulated with the formulation of the fourth five year plan for the distribution of plan transfers amongst the states. It was named after the then deputy chairman of the Planning Commission Dr. D.R. Gadgil.The central assistance provided for in the first three plans and annual plans of 1966-1969 lacked objectivity in its formulation and did not lead to equal and balanced growth in the states. The National Development Council (NDC) approved the following formula: 1. Special Category states like Assam, Jammu and Kashmir and Nagaland were given preference. Their needs should first be met out of the total pool of Central assistance. 2. The remaining balance of the Central assistance should be distributed among the remaining States on the basis of the following criteria: (i) 60 per cent on the basis of population; (ii) 10 per cent on the basis of tax effort, determined on the basis of individual State's per capita tax receipts as percentage of the State's per capita income; (iii) 10 per cent on the basis of per capita State income, assistance going only to States whose per capita incomes are below the national average; (iv) 10 per cent on the basis of spill-over into the Fourth plan of major continuing irrigation and power projects; (v) 10 per cent for special problems of individual States. Gadgil-Mukherjee Criteria for inter-state allocation of Plan Assistance CRITERIA WEIGHTAGE (%) POPULATION 55 ; PER CAPITA INCOME 25 ; FISCAL MANAGEMENT 5 ;SPECIAL PROBLEMS 15; TOTAL 100