Study Material For RRB Exam: General Knowledge (G.K.) - Economy: The Planning Commission
Study Material For RRB Exam - General Knowledge
Section : Economy
The Planning Commission
- The Planning Commission was set up on March 15, 1950 under the chairmanship J.L. Nehru, by a resolution of Union Cabinet.
- It is an extra-constitutional, non-statutory body.
- It consists of Prime Minister as the ex-officio Chairman, one deputy-Chairn appointed by the PM and some full time members.
- The tenure of its members and deputy chairman is not fixed. There is no defi definition of its members also. They are appointed by the Government on its c discretion. The number of members can also change according to the wishes of Government.
Functions
- Assessment of material, capital & human resources of the country.
- Formulation of plans for the most effective & balanced utilization of country’s resources.
- To determine the various stages of planning and to propose the allocation of resources on the priority basis.
- To act as an advisory body to the Union Government.
- To evaluate from time to time the progress achieved in every stage of the plan and also to suggest remedial measures.
- To advise the Centre and the State Governments from time to time on special matters referred to the Commission..
