Functions of Planning Commission and understand how this organization works to support India’s economic success. Analyze resource availability and identify areas in need of improvement. Utilize the nation’s resources, including finances and natural minerals. Find ways to beat socio-economic challenges with the help of the Indian Planning Commission.
The following seem to be the responsibilities of the Indian Planning Commission as stated and described within the then elected parties resolution in the year 1950:
- Explore India’s economic, financial, and human resource landscape, focusing on individuals with technical expertise.
- Identify areas where resources may be lacking compared to the country’s urgent needs.
- Develop a cost-effective and efficient strategy for utilizing the nation’s resources, including finances and natural minerals.
- Prioritize program phases and recommend resource allocation to ensure timely completion of each step.
- Identify factors limiting economic success and propose solutions to overcome these challenges.
- Consider the economic and socio-political environment for successful program implementation.
- Determine the necessary machinery for the successful implementation of each strategy phase.
- Ensure that machinery is equipped with features essential for effectiveness.
- Regularly assess progress in the plan’s execution and suggest policy adjustments as needed.
- Offer proposals related to economic circumstances, regulations, and development initiatives for effective plan implementation.
- Provide recommendations for addressing emergencies or special situations presented by the government or the federal system.
- Ensure flexibility in the plan to accommodate unexpected challenges or crises.
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