ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Planning Commission of India was formed on 15 March 1950. It formulated the Five-Year Plans of India.

Detailed explanation-2: -Planning Commission, agency of the government of India established in 1950 to oversee the country’s economic and social development, chiefly through the formulation of five-year plans.

Detailed explanation-3: -After 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.

Detailed explanation-4: -The Planning Commission of India was established in 1950 with Prime Minister Pandit Jawaharlal Nehru as its Chairman.

Detailed explanation-5: -In 1950, the Government set up a Planning Commission to help, design and execute suitable policies for economic development.