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When and why was Planning Commission set up?

When and why was Planning Commission set up?

The Planning Commission was set up by a Resolution of the Government of India in March 1950 in pursuance of declared objectives of the government to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country, increasing production and offering opportunities to …

Who set up the Planning Commission in 1950?

Nehru
After independence, Nehru set up the Planning Commission in 1950 to formulate economic policies and bring about a welfare state. The first Five Year Plan focused on agriculture more than industry, which was focused more in the second Five Year Plan.

Which year Planning Commission set up?

15 March 1950
They were formulated by the Planning Commission of India, which was established on 15 March 1950. Since it was not a constitutional body, the Commission reported directly to the Prime Minister and its first Chairman was Nehru himself.

When was the Planning Commission set up Class 12?

March 1950
The Planning Commission was set-up by a simple resolution passed by Government of India in March 1950. The Planning Commission has a advisory role and its recommendations become effective when government approves them.

Why did the Government set up a Planning Commission in 1950?

The Planning Commission was set up by a Resolution of the Government of India in March 1950 in pursuance of declared objectives of the Government to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country, increasing production and offering opportunities to …

Who is father of plan?

Father of Indian Economic Planning is Mokshagundam Vishweswaraiah better known as M. Vishweswaraiah.

Which type of body is Indian Planning Commission?

Which type of body was the Planning Commission of India? Notes: The Planning Commission established in the year 1950 was neither a constitutional body nor a statutory body. It was a non-constitutional body or extra-constitutional body. It was not created by the Constitution of India.

What replaced Planning Commission?

the NITI Aayog
The Government of India, in keeping with its reform agenda, constituted the NITI Aayog to replace the Planning Commission instituted in 1950. This was done in order to better serve the needs and aspirations of the people of India.

When was the National Planning Committee set up in India?

In 1948, National Planning Committee was accordingly set up by the government. The Planning Commission was actually set up on 15th March, 1950, by a resolution of the Government of India and started its work on 28th March, 1950.

What are the functions of the Planning Commission in India?

Functions. The Indian Planning Commission’s functions as outlined by the Government’s 1950 resolution are following: To make an assessment in the material, capital and human resources of the country called India, including technical personal, and investigate the possibilities of augmenting those are related resources which are found…

When was the Planning Commission of India dissolved?

It formulated the Five-Year Plans of India. On 17 August 2014, it was dissolved and replaced by the NITI Aayog. In today’s ‘this day in history’, you can read about the Planning Commission, which although now scrapped, was an important element in India’s economics and polity. This is an important topic for the IAS exam.

Who is the present chairman of the Planning Commission?

The Planning Commission was an institution in the Government of India, which formulated India’s Five-Year Plans, among other functions. In his first Independence Day speech in 2014, Prime Minister Narendra Modi announced his intention to dissolve the Planning Commission. It has since been replaced by a new institution named NITI Aayog.