Question

Why Was The planning commission set up after independence in 1950? name the commission that has replaced the planning commission in 2015

Answer 1

THE PLANNING COMMISSION WAS MADE FOR THE FOLLOWING FUNCTIONS :-
Assessment of the material, capital and human resources of the country, including technical personnel, and formulation of proposals for augmenting such of these resources as are found to be deficient ;Formulation of Plan for the most effective and balanced utilisation of the country's resources;Definition of stages in which the Plan should be carried out on a determination of priorities and allocation of resources for completion of each stage;Determination of the nature of the machinery necessary for the implementation of the Plan in all its aspects;Appraisal from time to time of the progress achieved in the execution of each stage of the PlanPublic Cooperation in National Development;Hill Areas Development Programme;Perspective PlanningDirectorate of Manpower
THE PLANNING COMMISION WAS REPLACED BY NITI AAYOG

 

Answer 2

To balance the economy, and Niti Aayog  is the right answer.  

John Mathai, the Finance Minister of India from the Congress party, proposed the setting up of the Planning Commission in his budget proposal in 1950-51. As after independence inflation was spreading high in the country, the cost of capital abrupted and the savings rate was low. As a result of this production and investment were slow. During this time government wanted to balance the economy, hence, they set up the planning commision, to plan various schemes, such as the five- year plans scheme.

In his first speech on Independence day in 2014, Prime Minister Narender Modi announced to dissolve the planning commision. He replaced the existing institution (planning commission) with the Niti Aayog.