Free Study Material For RRB Examination: General Knowledge (Indian Economy)
Free Study Material For RRB Examination
Subject : General Knowledge (Indian Economy)
History Of Planning In India
First attempt to initiate economic planning in
India was made by Sir M.Visvesvarayya, a noted engineer and politician in
1934 through his book ‘Planned Economy For India’.
In 1938 ‘National Planning Commission’ was set-up
under the chairmanship of J.L. Nehru by the Indian National Congress. Its
recommendations could not be implemented because of the beginning of the
Second World War and changes in the Indian political situation.
In 1944 ‘Bombay Plan’ was presented by 8 leading
industrialists of Bombay.
In 1944 ‘Gandhian Plan’ was given by S. N. Agarwal.
In 1945 ‘People’s Plan’ was given by M. N. Roy.
In 1950 ‘Sarvodaya Plan’ was given by J. P. Narayan.
A few points of this plan were accepted by the Government.
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 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.
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.