What is Planning Commission? What are its functions?
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Immediately after the adaptation of new constitution on January 26, 1950, the Planning commission came in to existence. Planning Commission is a constitutional body. Prime Minister is ex-officio chairman of this commission. The broad functions of Planning Commission are:
- Assessment of material, capital and human resources
- Formulation of plan for their most effective and balanced utilization
- Determination of priorities and allocation of resources etc.
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