The Union Cabinet on Wednesday night is understood to have cleared the agenda for action initiated by the Planning Commission to spur economic reforms in the current fiscal.
The agenda is mainly aimed at reviewing special policy initiatives and schemes in various sectors of the economy to push up growth to the targeted eight per cent in the Tenth 5-year Plan.
The comprehensive policy agenda includes practically all the ministries and departments including civil aviation, power, petroleum, telecom, labour, exports and information technology.
While the schemes and projects to be implemented on a priority basis by the concerned ministries would be supervised by the Cabinet Secretariate, the implementation of identified policy initiatives would be monitored by Prime Minister Atal Bihari Vajpayee.