Short Paragraph on Planning Commission of India – The Planning Commission in India is a non-statutory body set up by the Union Cabinet with the Prime Minister as its ex-officio Chairperson.
The Commission formulates the five-year plans for economic and social development, and functions in the shape of advisory body to the Government of India in respect of these plans. It acts in socioeconomic area and controls the activities of the Finance Commission and also preserves the financial autonomy of the States. The Planning Commission is set up every five years. The development programs are conceived and formulated in accordance with the socio-economic needs by the Planning Commission. The Planning Commission together with the Finance Commission works for the smooth administration of Indian finance. The Planning Commission ensures a co-ordinate development throughout the nation. The Commission also plays a major role in allocation of funds to the States through the medium of National Plans formulated by it.
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