Planning as a tool for economic development was accepted in our country soon after Independence. The Planning Commission was established in 1950 by a resolution passed by the Government of India with Prime Minister as its Chairman. The National Development Council (N.D.C.) was also constituted with Prime Minister as the Chairman and Union Ministers and Chief Ministers of the States as members. The Planning Commission prepares the basic policy frame relating to direction, texture and pace of the development of the national economy. They recommend measures for resource mobilisation, determine the major thrusts in the developmental effort for the time being and also for the long run, decide relative priorities for different programmes, identify problems like regional imbalances, social and economic disparities, aspects of equitable distribution of incomes, etc. for special attention. These issues are placed before the National Development Council and decisions are generally taken on the basis of consensus, although there may be some dissenting notes also. The Council is the highest forum in the country for overseeing and guiding its development. On the basis of the general decisions in the Council, the Planning Commission prepares long-term perspectives for the national economy. General decisions regarding growth and direction of the national economy are further operationalised in terms of concrete programmes through medium-term plans of five-year duration.
Sign In to view the complete article.
Visiting for the first time, click Register.
Why should you register?1. You get notified when a new article or a new issue is available.
2. You can read complete articles.
3. You can write reviews and comments on each article.
4. It helps us to improve and provide you with the latest information.