A) 15th March 1948
B) 15th March 1950
C) 15th March 1951
D) 15th March 1952
Correct Answer: B
Solution :
[b] The Planning Commission is an institution in the Government of India, which formulates India's Five-Year Plans, among other functions. It is located at Yojana Bhawan, Sansad Marg, New Delhi. The Planning Commission, reporting directly to the Prime Minister of India was established on 15 March 1950, with prime-minister Jawaharlal Nehru as the chairman. The National Institution for Transforming India Aayog or NITI Aayog is a Government of India policy think-tank established by Prime Minister Narendra Modi to replace the Planning Commission. Difference between NITI Aayog and Planning Commission: Parameter: NITI Aayog Planning Commission Financial clout: To be an advisory body, or a think-tank. The powers to allocate funds might be vested in the finance ministry? Enjoyed the powers to allocate funds to ministries and state governments. Full-time members the number of full-time members could be fewer than Planning Commission The last Commission had eight full-time members. States' role State governments are expected to play a more significant role than they did in the Planning Commission States' role was limited to the National Development Council and annual interaction during Plan meetings Member secretary To be known at the CEO and to be appointed by the prime minister Secretaries or member secretaries were appointment through the usual process. Part-time members To have a number of part-time members, depending on the need from time to time Full Planning Commission had no provision for part-time members
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