Economic reforms in 2003-04 to focus on seven areas

Thursday, 24 July 2003, 07:00 Hrs
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NEW DELHI: The Indian cabinet Wednesday identified seven thrust areas for economic reforms during the 2003-04 fiscal till March.

The seven thrust areas, which include greater exports and increased foodgrain production, were identified at a meeting of the cabinet committee on economic affairs chaired by Prime Minister Atal Bihari Vajpayee.

The exercise is aimed at achieving the eight percent growth targeted during the 2002-07 Tenth Plan period, an official spokesman told reporters after the meeting.

The seven thrust areas are:

*Increasing India's share in global trade from 0.6 percent to 1 percent by 2007,

*A national action plan to increase agricultural production and double foodgrain production to 400 million tonnes by 2010,

*Completion of the golden quadrilateral and the north-south and east-west corridors,

*Computerisation of income tax services,

*Formulating a package for weavers and artisans, and

*An environment policy that will meet the demands of environment and development.

The prime minister himself will monitor these seven areas, the spokesman said.

Forty other priority areas that that previously identified for achieving the Tenth Plan objectives would be monitored by a committee of secretaries, he said.

Source: IANS
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