The Eighth Five Year Plan was a development plan implemented in India from 1992 to 1997, following the Seventh Five Year Plan. The main focus of the Eighth Five Year Plan was on economic growth and poverty reduction, with a target of an annual growth rate of 6% and a reduction in the poverty rate by at least 5%.
One of the major objectives of the Eighth Five Year Plan was to achieve self-reliance in food production through the implementation of various agricultural development programs. The plan also focused on the development of infrastructure, including the construction of roads, bridges, and power plants, as well as the expansion of telecommunications and the promotion of science and technology.
The Eighth Five Year Plan also placed a strong emphasis on social sector development, with a particular focus on education, health, and housing. The plan aimed to increase the enrollment and retention rates in primary and secondary schools, and to improve the quality of education through teacher training and the use of modern teaching methods. In the health sector, the plan aimed to improve the availability and accessibility of healthcare services, particularly in rural areas, and to address issues such as maternal and child health and the control of infectious diseases.
The Eighth Five Year Plan also aimed to promote the economic empowerment of women through initiatives such as the establishment of women's development corporations and the implementation of programs to encourage women's entrepreneurship.
Overall, the Eighth Five Year Plan made significant progress in the areas of economic growth, infrastructure development, and social sector development. However, the plan faced several challenges, including political instability, a slow-down in economic growth, and a lack of resources. Despite these challenges, the Eighth Five Year Plan laid the foundation for future development in India and contributed to the country's ongoing progress.
Eight Five Year Plan
The national objectives and guidelines are finally prepared and circulated, incorporating all the views and recommendations from the dzongkhags and central government agencies by the Ministry of Planning. The tax base, 7% of GDP, is relatively low as compared to other developing countries. These facilities are aware regarding employment availability and generation in urban, rural areas. Travel, utilities and rent 146 152 186 233 241 958 269 301 336 376 420 1701 4. The role of intensive factors in the growth of national income has increased, which is reflected in the acceleration of the growth rate of labor productivity, a decrease in the material consumption of products, and an improvement in the use of fixed assets in many sectors. The terrain is among the most rugged and mountainous in the world, as most of the country includes part of the Himalayan ranges. The growth from Third countries is largely accounted for interest received from foreign reserves and Trust Fund investments from overseas, tourism, travel and inflows of Non-Governmental Organisations.
So far as, food crops are concerned, the production of rice was lowered from 59. As with all countries, the preservation of national security is seen as a prerequisite for a meaningful development. Objectives: The main objectives of the Second Five Year Plan are as under: i Sizeable increase in the national income to raise the level of living. These broad goals are reflected in the 8FYP objectives, and development programmes outlined in this document, but the time-scale for realizing the benefits of such socio- economic development extends far beyond the life span of a single five year plan. The royalty on the latter is still classified under transfer of profits.
By the end of the 4 FYP, however, the need was felt to devolve the increasing task of development to the dzongkhag administration to increase local participation. At present, the RMA imposes a CRR of 15% of total deposit liabilities of the Bank of Bhutan. The monk bodies elect 10 monastic representatives, while the remaining 35 members are representatives of the Government and nominated by the King. Interest charges, though remaining high at the earlier period of the plan will be gradually decreased For details see Chapter 13. Growth averaged a high of 7. To develop the indigenous entrepreneurial capacity, a series of Comprehensive Entrepreneurship Development courses were held.
This has restricted the Government's ability to raise domestic revenues, and Bhutan has relied on external assistance for the funding of development programmes. Provides a macro-economic outlook, followed by detailed policy descriptions. The total real investment Gross Domestic Capital Formation increased on an average by about 8. However, by the second half of the 19th century, frequent disputes over the issue of succession to the office of the Shabdrung brought internal strife and instability in the country. Three sponsored Dairy development Projects in the districts of Dorrang, Dibrugarh, Sibsagar. Civil service numbers are currently 13,566 1996 inclusive of teachers and health workers.
The increased contribution of the financial institutions to GDP was also credited to the creation of two other financial institutions during the period; BDFC, in 1988 and the separation of UTB from RICB, as an independent financial institution in 1992. If these groupings do not overlap, this leaves about 12 milliards unaccounted for and no more detail is provided. During the 8 FYP, efforts will be made to enhance overall revenues, with special emphasis on raising the tax revenues from both direct and indirect sources. During 8 FYP, further efforts will be made to improve the present, arrangements and procedures for manpower planning in the public sector, as well as paying more attention to the needs of the private sector. It is therefore critical that a concerted emphasis be placed on integrating planning activities in those sectors involved primarily in the development of Bhutan's natural resources.
The share of the manufacturing sector to GDP in 1980 prices increased by more than three times during the period from Nu. Hinduism is another religion, practised particularly in Southern Bhutan. Based on the local needs and experience, the various levels of government then become involved in the planning process starting from the Village Zomdu and then, in ascending order, the Gewog GYT , Dzongkhag DYT , sectoral Policy and Planning Divisions PPDs , the Technical Committee and the Planning Commission. Thus, in 1970 none of these branches could expect to be able to fill more than one-third of its vacant skilled worker positions with qualified graduates from vocational-technical schools. Mining: In respect of Mining and Quarrying sector of the country, the Eighth Plan set the target of attaining annual average growth rate of 8 per cent but this sector could attain the growth rate of 1.
In December 1966, the first Scientific Conference on Economic Forecasting was held under the auspices of Gosplan and the Academy of Sciences. The sectors which make significant contributions in terms of growth are: mining and quarrying 14. . Health programmes made particularly significant impact between the years 1984 and 1994, resulting in the reduction of many health hazards for mother and child see for detail in Chapter 28, Table 28. Revenue prospects for 8 FYP The Revenue and Customs Division of the Ministry of Finance has produced two scenarios of revenue projections. The united energy system of Central Siberia was created.
The latter is considered to be one of the important conditions required to stimulate private sector investment. The expenditure will be strictly monitored so as to bring about efficiency and effectiveness from the recurrent budget, and a higher rate of implementation and capital formation from the capital budget. To complement sound fiscal management policies, the RGOB will also continue to put in place efficient and appropriate monetary policies during the 8 FYP. The policies that preserve Bhutan's rich natural beauty and biodiversity, restrict the commercial exploitation of the raw materials upon which most national development schemes are based in other countries. Self sufficiency in food grains was achieved.
The increasing rate of rural to urban migration, as a consequence of higher rate of population growth, will lead to rapid urbanization of Bhutan. It recommended further amendments to the tax law and modernise and strengthen the revenue board to boost the revenue collection as well as reduce dependency on duty. Apart from management training, one of the important ways of promoting this will be to encourage civil servants,to participate more fully in the effort to improve management at all levels. When forecast of official transfers are added, the Current Account position is in surplus throughout the Plan period. The growth rates of agricultural production accelerated. The Eighth Five Year Plan 1966-1970 called for 52 million sq.
