Quick Answer: Which Planning Commission Is Going On In India?

Which is the first in planning?

Setting objectives is the primary step in planning.

Objectives or goals specify what the organisation wants to achieve..

Who is the first planning commission of India?

Prime Minister Jawaharlal NehruAfter India achieved independence, a formal model of planning was adopted, and accordingly 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.

How can I remember my 5 year plan?

Trick to Remember Five Year Plan India – Kerala PSC GKSHORTCUT: ThePICS. T – Transport. P – POWER. … Fifth five year plan (1974-79) SHORTCUT : POSTMAN. P – Poverty Eradication. … Sixth five year Plan (1980-85) SHORTCUT : MAIL. … Eighth Five year plan (1992-97) SHORTCUT : LPG. … Ninth five year plan (1997-2002) SHORTCUT : ESPN. … Eleventh five year plan (2007 -2012) SHORTCUT : TEACHERS.

Why was the five year plan a failure?

Failures of the first five-year plan Quotas expecting to reach 235.9 percent output and labor to increase by 110 percent were unrealistic in the time frame they allotted for. The goals for the plans were not set and those that were, were constantly changed. Each time one quota was met, it was revised and made larger.

What is the prime target of the first Five Year Plan of India?

Development of AgricultureDevelopment of Agriculture is the target of first five year plan, because India’s economy was based on agriculture mainly that time.

Which five year plan is now?

The present NDA government has stopped the formation of five-year plans. So the 12th five-year plan would be called the last five-year plan of India. The decades-old Five-Year Plans will make way for a three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document.

What is the 13th five year plan?

The 13th FYP lays out a 6.5 percent average annual growth target in an effort to achieve a “moderately prosperous society”‡ by 2020. 19 This 6.5 percent target is critical for the government to double China’s 2010 level of GDP by 2020.

How future India will be?

By 2030, urban India will account for nearly 75% of the GDP and Indian cities will act as engines of economic growth for the country’s built environment. … By 2025, the digital economy is expected to account for approximately 18-23% of the total GDP.

What is the rolling plan?

Rolling plan was introduced by Prof. Myrdal. Rolling plan can be defined as the plan where there is no fixation of dates in respect of commencement and end of the plan. The main advantage of rolling plan is that they are very flexible and are able to overcome the rigidity by mending targets and objectives.

Who finally approves the five year plan?

The document will now be placed before the National Development Council (NDC), the apex decision making body, for the final approval. The NDC, headed by the Prime Minister with all Chief Ministers and Cabinet Ministers on board, is the final authority to approve the five-year long policy document.

What is the 13th Five Year Plan of India?

The 13th five-year defence plan (2017-22) envisages an allocation of Rs 26,83,924 crore for the armed forces. 1 This includes Rs 13,95,271 crore under the revenue segment and the remainder for defraying the capital expenditure.

What are the main functions of Planning Commission of India?

Functions of the Indian Planning Commission To devise 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 implemented and propose the allocation of resources for the due completion of each stage.

Who controls the money supply in India?

Reserve Bank of IndiaThe Reserve Bank of India (RBI) prints and manages currency in India, whereas the Indian government regulates what denominations to circulate. The Indian government is solely responsible for minting coins. The RBI is permitted to print currency up to 10,000 rupee notes.

Who is the Chairman of Planning Commission 2020?

The Prime Minister is the Chairman of the Planning Commission, which works under the overall guidance of the National Development Council.

Who gave the slogan garibi hatao?

Garibi Hatao (“Remove poverty”) was the theme and slogan of Indira Gandhi’s 1971 election campaign.

Which plan is going on in India?

Twelfth Plan (2012–2017) The Twelfth Five-Year Plan of the Government of India has been decided to achieve a growth rate of 8.2% but the National Development Council (NDC) on 27 December 2012 approved a growth rate of 8% for the Twelfth Plan.

Which type of body is planning commission?

The Planning Commission is a non-constitutional and non-statutory body and is responsible to formulate five years plan for social and economic development in India. The composition of the Planning Commission has been mentioned below: (1) Prime Minister is the ex-officio Chairman of the commission.

Who is called the father of Indian planning?

Mokshagundam VishweswaraiahFather of Indian Economic Planning is Mokshagundam Vishweswaraiah better known as M. Vishweswaraiah.