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Planning Commission of India:

Planning Commission of India
1. The Planning Commission was set up by a Resolution of the Government of India in March 1950.
2. The Planning Commission is an institution which formulates Five-Year Plans of India.
3. It is located at Yojana Bhawan, Sansad Marg, New Delhi.
4. It is an extra-constitutional and non-statutory body.
5. It works as an advisory body to the Government of India.
6. The Prime Minister is the ex-officio chairman of the Planning Commission.
7. It generally works under the Deputy Chairman who is given the rank of a full Cabinet Minister.

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Functions of Planning Commission
The functions of the Planning Commission as outlined by the Government's 1950 resolution are following:
1. to make an assessment of the material, capital and human resources of the country, including technical personnel, and investigate the possibilities of augmenting those are related resources which are found to be deficient in relation to the nation's requirement.
2. to formulate a plan for the most effective and balanced utilisation of country's resources.
3. to define the stages, on the basis of priority, in which the plan should be carried out and propose the allocation of resources for the due completion of each stage.
4. to indicate the factors that tend to retard economic development.
5. to determine the conditions which need to be established for the successful execution of the plan within the incumbent socio-political situation of the country.
6. to determine the nature of the machinery required for securing the successful implementation of each stage of the plan in all its aspects.
7. to appraise from time to time the progress achieved in the execution of each stage of the plan and also recommend the adjustments of policy and measures which are deemed important vis-a-vis a successful implementation of the plan.
8. to make necessary recommendations from time to time regarding those things which are deemed necessary for facilitating the execution of these functions. Such recommendations can be related to the prevailing economic conditions, current policies, measures or development programmes. They can even be given out in response to some specific problems referred to the commission by the central or the state governments.