Is Planning Commission a statutory body?
Authority for creation of the Planning Commission was not derived from the Constitution of India or statute; it is an arm of the Central Government of India. It was replaced by the newly formed NITI Aayog to better represent the present needs and aspirations of people of India.
Is Planning Commission a non statutory body?
The Planning Commission is a non-constitutional and non-statutory body and is responsible for formulation of five years plan for social and economic development in India. The Planning Commission was an agency within the Government of India that formulated the Five-Year Plans of India.
What is the role of Planning Commission in Bangladesh?
The Planning Commission undertakes research studies and policy development initiatives for the growth of national economy and the expansion of the public infrastructure of the country, in tandem under the Ministry of Planning and alongside the Ministry of Finance.
Why was the Planning Commission of India established?
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 …
What type of body is the 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.
Who is known as father of Planning Commission?
Father of Indian Economic Planning is Sir M. Vishweshwaraiah. Sir M Visvesvaraya, popularly known as Sir MV, was an engineer, statesman, and a scholar.
What is the role of Planning Commission?
The Planning Commission consults the Central Ministries and the State Governments while formulating Five Year Plans and Annual Plans and also oversees their implementation. The Commission also functions as an advisory body at the apex level.
What is the role of Planning Commission after independence?
India After Independence The role of Planning Commission was to help design and execute suitable policies for economic development. (i)In 1950, the government set up a Planning Commission to help design and execute suitable policies for economic development.
What is the new name of Planning Commission?
The Government of India constituted NITI Aayog to replace the Planning Commission, which had been instituted in 1950. This step was taken to better serve the needs and aspirations of the people.
Is the Planning Commission of India a constitutional or statutory body?
Thus the Planning Commission is neither constitutional nor a statutory body. It is a non-constitutional (not created by the Constitution) and a non-statutory body (not created by an act of Parliament). In India, it is the supreme organ of planning for social and economic development. It is not responsible for taking and implementing decisions.
Which is the largest Planning Commission in India?
The Planning Commission of India is a Q36. Total number of approved stock exchanges in india Q37. Where the headquarters of NABARD (National Bank for Agriculture and Rural Development) is located Q38. Which bank was established on the recommendations of Shivaraman Committee Q39. During which Planning Commission period, NABARD was established Q40.
Which is the responsibility of the Planning Commission?
Therefore, the Planning Commission is responsible to advice the government on economic and social development planning. The government is responsible to take decisions on the recommendations of the Planning Commission and implement them.
Who is the Deputy Chairman of Planning Commission?
(2) Deputy Chairman is the de-facto chairman of the commission. He is given the rank of a Cabinet Minister. He is responsible to formulate and submit the draft Five Year Plan to central cabinet. (3) The Finance Minister and the Planning Minister are the ex-officio members of the commission.