| Working
Group for the formulation of Tenth Five Year Plan (2002-2007).
Savings
Dated
10th January 2001
Composition:
| 1. |
Dr.
Y.V.Reddy, Deputy Governor, Reserve Bank of India, Mumbai |
Chairman |
| 2. |
Prof
V.N.Pandit, Delhi School of Economics, Delhi University |
Member |
| 3. |
Dr.
Ashok Lahiri, Director, National Institute of Public Finance
& Policy New Delhi |
Member |
| 4. |
Dr.
Pronab Sen, Adviser (PP), Planning Commission, New Delhi |
Member |
| 5. |
Dr.
N.J.Kurian, Adviser (FR) Planning Commission, New Delhi |
Member |
| 6. |
Dr.
Arvind Virmani, Senior Adviser, Department of Economic Affairs,
Ministry of Finance, New Delhi |
Member |
| 7. |
Sh.
A.C.KulsIucshtha, Deputy Director General, Central Statistical
Organisation, New Delhi |
Member |
| 8. |
Shri
P.K. Choudhury, Managing Director, ICRA, New Delhi |
Member |
| 9. |
Dr.
R.B.Burmaru Executive Director, Reserve Bank of India Mumbai |
Member
Secretary |
Terms
of reference :
- to estimate
domestic private savings and each of its components, and inter
linkages between them, if any.
- to estimate
domestic private savings in physical assets and each of the different
components of financial assets keeping in view the likely developments
in the areas of provident and pension funds and the insurance
sector.
- to examine
the relative merits of various instruments of financial savings,
in particular those relating to small savings.
- to estimate
own surplus of Financial Institutions.
- to estimate
public sector's draft on private savings keeping in view the needs
of fiscal sustainability and commitments under the Fiscal Responsibility
legislation.
- to estimate
the amount of external aid from multilateral and bilateral sources,
separately for loans and grants.
- to assess
the flows of foreign direct investment and portfolio investments
comprising equity and non-equity components.
- to estimate
the magnitude of external commercial borrowings including suppliers'
credit; and
- to suggest
measures to increase the rate of domestic savings and attract
larger flows of foreign savings.
The Chairman
of the Working Group may constitute Sub-Groups and/or co-opt additional
members as may be considered necessary.
The expenses
towards TA/DA of the official members in connection with the meetings
of the Working Group will be borne by the respective Offices. Non-Official
Member will be entitled to TA/DA as admissible to Grade I Officers
of the Government of India and this Expenditure will be paid by
the Planning Commission.
The Working
Group shall submit its report by June 2001
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