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Regular-article-logo Monday, 06 April 2026

PANT WARNS AGAINST SLIPPAGE 

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FROM OUR CORRESPONDENT Published 01.09.01, 12:00 AM
New Delhi, Sept 1 :    New Delhi, Sept 1:  The Planning Commission today warned the state governments that any slippage in resource mobilisation to achieve the proposed eight per cent growth target during the Tenth Plan will have serious consequences for the economy. Addressing the 49th National Development Council meeting here today, deputy chairman of the Planning Commission K.C.Pant sought the states' help to contain the Rs 90,000-crore revenue deficit and cautioned that the consequences of inaction are too serious to contemplate. 'Not only will growth falter and unemployment rise, but it could also threaten the cohesiveness of our social fabric,' Pant said. He pointed out that 'we are now borrowing more and more just to meet our current expenditure on salaries, interests and subsidies. We see that there has been a 200-fold increase in the pension bill of just 15 major states. It has gone up from around Rs 100 crore to nearly Rs 19,000 crore in the last 25 years.' He emphasised the importance of disinvestment to fund the Tenth Plan.    
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