Planning Commission of India

The Planning Commssion is the apex body resposible for the planning function in our country. It was constitued in March 1950 by a Resolution of Government of india and it works under the overall guidance of the National Development Council; Prime Minister as theex-officio Chairman; the committee has a nominated Deputy Chairman, who is given the rank of a full Cabinet Minister. The Planning Commission consults the Central Ministers and the State Governments while formulating Five Year Plans and Annual Plans and also oversees their implementation

FUNCTIONS:- The Following Functions have been alloted to the Planning Commssion as per the Government of India(Allocation of Business) Rules, 1961:

• Assessment of the material, capital and human resources of the country, including technical personnel, and formulation of proposals for augmenting the resources as are found to be deficient.
• Formulation of Plan for the most effective and balanced utilization of the country's resources.
• Define stages in which the Plan should be carried out on a determination of priorities and allocation of resources for completion of each stage.
• To determine the nature of machiner necessary for the implementation of the Plan in all its respects.
• Identifying the factors, which are tending to retard economic development and determine the conditions, which in view of current social and political situation execution of the Plan.
• To indicate the factors which are hampering the economic development.
• Public co-operation in National Development.