the planing commission was the replacement what?
Answers
In accordance with a key announcement made by Prime Minister Narendra Modi on Independence Day, the Union Government established NITI Aayog (National Institution for Transforming India) on Jan. 1, 2015, as replacement for the Planning Commission. This comes after extensive consultation across the spectrum of stakeholders, including state governments, domain experts and relevant institutions.
Planning Commission:
It was established was on March 15, 1950 as an advisory institution to form five plans in the country on the line of USSR (former Soviet Union).
Functions of the Planning Commission:
Estimate the physical, capital and human resources of the country.
To prepare plan for making effective and balanced utilization of human resources.
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