Patna, (BiharTimes): The World Bank has praised Bihar for being the first state in the country to have abolished the Agriculture Product Marketing (APM) Act besides repealing the Urban Land Ceiling Act and adopting the Model Municipal Act.

Stating that “Bihar has come a long way” the report appreciated the single Window Clearance Act 2006 and the constitution of the State Investment Promotion Board (SIPB), The World Bank Country Director for India Isabel Guerrero is of the view that if the current momentum for progress can be sustained, the state can hope to bring prosperity to its people.

The report said that as part of its efforts to double the State Gross Domestic Product (SGDP) growth from 4.5 to 8.5 per cent in the next five years, the state is proposing to raise investment to Rs 1.67 lakh crore during the 11th Five Year Plan. The total outlay would comprises Rs 60,000 crore public investment and Rs 1.07 lakh crore from the private sector.

The state government’s move for taking fiscal initiatives like decentralising financial powers and replacing outdated financial rulesregarding public procurement with the overall objective of eliminating revenue deficit and reducing fiscal deficit in a time-bound manner has also been praised by the report.

Comment

Comments...

Good news and lets wish it pays rich dividend.

Can our Bihari journalistic community put these good developements on the front page of National/State dailies?

Avinash Kumar,
e-mail: avinash.kumar@hp.com

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After long, long time, a positive news about Bihar I
could read on Bihar. The World Bank's praise is
remarkable and that will boost Nitish Kumar's
government.

It is needless to mention that Nitishjee started work
from scratch and people of Bihar and opposition
parties as well wanted overnight change i.e. an
impossible task, because development is a process that
takes their own time.

As far as World Bank is concerned, they noted Nitish's
step in right direction and categorically stated "the
current momentum can be sustained" that would
defeinitely change the state's SGDP.

I respectfully request all concerned to work hard and
together we can make difference and our great state
can get back its past glory.

Mohammad Yasar Imran
Oman

imraninsaudi@yahoo.com

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This is indeed a good news for the Bihar. This may change the outlook of the Bihar. But then, how present government is going to capitalize have to been seen. This is the right time for the govt. to take full advantage of it. The people of the Bihar should now atleast co-operate with government and refrain from anti-social activities. Then only Bihar can progress at faster rate.

Ajay Kumar Mishra
ajay.kmr.mishra@gmail.com

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Its really nice to read that Bihar has done something very remarkable and world Bank has noticed it. It shows the determination of the state to contribute significantly in the country’s growth.

Bihar is on the way to success..!!

Amit Ranjan
amit.hope@gmail.com