The Planning Commission was set up by a Resolution of the Government of India in March in pursuance of declared objectives of the government to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country, increasing production and offering opportunities to all for employment in the service of the community. Who is the current Deputy Chairman of the Planning Commission? The correct answer is Montek Singh Ahluwalia.
Montek was part of the team under the then Finance Minister Manmohan Singh that started reform process in He went on to become the finance secretary in When was the first Five-Year Plan launched? The first Five-Year Plan was launched in and two subsequent five-year plans were formulated till , when there was a break because of the Indo-Pakistan conflict. Two successive years of drought, devaluation of the currency, a general rise in prices and erosion of resources disrupted the planning process and after three Annual Plans between and , the fourth Five-Year Plan was started in Who is the Chairman of the Planning Commission?
The correct answer is the Prime Minister. Who was the first Deputy Chairman of the Planning Commission? The correct answer is Gulzari Lal Nanda. Click here for more Quizzes.
Tell us what you think of this Quiz. Where are the Budget papers printed? He can pick it up like Nehru, or try something new. With the Partition as backdrop, the country reeling with the influx of refugees, severe food shortage and mounting inflation, the First Five-Year Plan was introduced in It focused primarily on the development of the primary sector, specifically agriculture and irrigation.
Drafted by economist K. Raj, the plan was based on the Harrod—Domar model, which suggested that growth was dependent on two things. First, high level of savings since higher savings enabled greater investment and second, a low capital-output ratio that ensured efficient investment and a higher growth rate.
The plan had a target of 2. Gowda explained that the Five-Year Plans were focused on making India self-sufficient, enabled industrial growth and ensured that development went beyond the urban areas and reached the interior parts of the country.
Also read: P. Mahalanobis: The father of Indian statistics who introduced concept of planned economy. If the First Five-Year Plan focused on agriculture and energy, the Second Five-Year Plan focused on the development of the public sector and rapid industrialisation.
Drafted by statistician P. Mahalanobis, the Second Plan was also called the Mahalanobis Plan. Under the plan, hydroelectric power projects and steel plants were set up at Bhilai, Rourkela and Durgapur. Coal production was increased and more railways lines were added in the Northeastern part of the country. The Third Five-Year Plan focused on making the economy independent and self-reliant. However, it was interrupted by the war with Pakistan in , which was followed by a severe drought the same year.
The Third Five-Year Plan had a targeted growth rate of 5. After this, there were three annual plans between and The Fourth Five-Year Plan was introduced only in In , 21 years later, there was a gap between the plans once again due to the constantly changing government at the Centre.
Annual plans were launched for the years and , and the Eighth Five-Year Plan was kicked off in The Five-Year Plans were also discontinued. India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises. But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.
ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it.
0コメント