Write a short note on the following:
i.Planning Commission
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Explanation:
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.
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After independence a planning commission was set up by Indian government in 1950. Its main task was to estimate the resources of country and plan to increase and to make an effective use of them. To determine the objectives and priorities and allocate the resources was one of the important tasks of commission. Planning commission was a constitutional and advisory organization. In August 1952 Indian government established National development council.
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