Which of the following is the function of Planning Commission ?
Which of the following is the function of Planning Commission ?
The correct option is D All of the above
The functions of
Planning Commission includes formulation of five-year plans, finalisation of
plan discussions of the Central Ministries and States/UTs annually and
conveying the plan requirement to the Ministry of Finance, clearance/grant
of In-Principle approval for starting Central Sector/Centrally Sponsored Schemes
To formulate a plan for the most effective and balanced utilisation of
country's resources. To define the stages, on the basis of priority, in which
the plan should be carried out and propose the allocation of resources for the
due completion of each stage. The NITI Aayog's precursor, the Planning
Commission was
established in March 1950 by a Government of India resolution with Prime
Minister as Chairperson. The initial mandate was to establish heavy industries
through public investment as a means for achieving rapid industrialization.
The functions of Planning Commission includes formulation of five-year plans, finalisation of plan discussions of the Central Ministries and States/UTs annually and conveying the plan requirement to the Ministry of Finance, clearance/grant of In-Principle approval for starting Central Sector/Centrally Sponsored Schemes To formulate a plan for the most effective and balanced utilisation of country's resources. To define the stages, on the basis of priority, in which the plan should be carried out and propose the allocation of resources for the due completion of each stage. The NITI Aayog's precursor, the Planning Commission was established in March 1950 by a Government of India resolution with Prime Minister as Chairperson. The initial mandate was to establish heavy industries through public investment as a means for achieving rapid industrialization.
