INDIA’S ECONOMIC PLANS [5 YEAR]
a. Planning in India derives its objectives from Directive Principles of State Policies.
b. Planning Commission was set up in March,1950 by a Resolution of the Government
c. Its responsibility includes making assessment of all resources of the country, formulate plan for most effective utilization and determining priority.
d. Prime Minister of India remains its Chairman
e. Indo-Pak war, two years of draught, devaluation of currency and erosion of resources lead to had three Annual Plans viz., 1966-67,1967-68 & 1968-69
f. Fifth Plan period was highly volatile due to political changes, hence four Annual Plans rolled the entire Fifth Plan period.
g. Eighth plan could not take place in 1990 due to fast changing political situation, so 1991-92 were treated as Annual Plan.
h. First Plan started with Rs,2,069 crore
i. NDC[National development Council] of Planning Commission is the highest decision taking body chaired by Prime Minister of India. Dy. Chairman, Planning Commission is the Secretary to NDC and All Cabinet Ministers, Chief Ministers of States, Administrators of Union Territories and Finance Secretaries of all states are its members.
NUMBER & YEAR
Heavy & Basic Industry
Prof.S.Chakraborty & Prof. Saddy
Long-term devp. and Manpower utilization
2.8% GDP suffered due to Wars, Drought & Deaths
Ashok Rudra& Alon S.Manney
To reduce fluctuation in agro-production
3.3 % GDP
Investment Yojana & Infrastructural changes
Garibi Hatao-eradication of poverty
Boosting employment, Jawahar Rojgar Yojana started
John W. Miller
Employment generation, food self sufficiency and...