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Himachal Pradesh
The Deputy Chairman of Planning Commission, K.C. Pant, with the Chief Minister of Himachal Pradesh, Virbhadra Singh, after finalisation of Annual Plan for the State, in New Delhi on Monday. Photo: S. Arneja
The Plan outlay was finalised in a meeting of State Chief Minister Virbhadra Singh with Deputy Chairman Planning Commission K C Pant at New Delhi. Pant expressed concern that the state GSDP has fallen to 5.11 per cent in 2001-02 from 7.21 per cent in 1998-99. The Chief Minister told Mr Pant that the state government has decided to shift committed liabilities to non-plan expenditure under which the main portion of Rs 1020 crore would be shifted to non-plan expenditure. Mr Singh urged the Planning Commission to give liberal financial assistance to fill gap in plan expenditure. He said Himachal was one of the few states which had taken a bold decision to shift the committed liabilities to non-plan expenditure so that plan size could be meaningful and practical. The Chief Minister also urged the Commission to recommend to the finance ministry to convert SLR bond of Rs 100 to market bond on the pattern of previous year. Mr Singh said the state had started getting free power from various hydel projects this year. Himachal pradesh would get 455 million power units this year and during 2003-04 an additional power of 311 million units. Chief Minister also said that in addition to free power the state would get, during the year 2003-04, 534 million units in equity which would increase to 1573 million units in the coming years. Mr Singh sought central intervention in securing for Himachal Pradesh ``its due share of 7.19 per cent from BBMB''. He said the Centre should allow the state to impose generation tax which would yield an additional revenue of 160 crore to the state. - PTI
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