Prime Minister Narendra Modi had in his Independence Day speech on August 15 announced to scrap Planning Commission.
After scrapping previous Planning Commission, a legacy of Nehruvian model of economy, Prime Minister Narendra Modi is set to come up with an idea of a new and vibrant plan panel. Through the new panel the Government aims at to ensure fast economic growth of the country according to the need of the present era of economic liberalisation and globalisation.
According to a Hindustan Times report, Prime Minister Narendra Modi has called a meeting of all Chief Ministers and Chief Secretaries on December 7 to discuss the framework of the proposed Policy Commission (Niti Aayog) — a new body that could replace the scrapped planning commission.
Actually, the erstwhile Planning Commission or Yojana Aayog lost its relevance in 1991 with advent of the era of economic liberalisation. Even though the Congress Governments chose to let it continue despite the fact that the Nehruvian era’s plan panel was largely responsible for the country’s economic woes which cropped up in 1980s and early 1990s. Planning Commission could never ensure social and economic freedom and justice for the people of India hence the economy plunged into such a mire that it reached to the brink of collapse by mid 1991.
Planning Commission was often accused of working against the country’s federal structure as it was used as Centre’s tool to dictate terms to States, hence it was most wise decision of the new Government to scrap the erstwhile plan panel which had become a white elephant.
The Hindustan Times report said that the new panel will work to devise policy and new mechanisms to improve Centre-State coordination for effective utilisation of central funds — worth Rs. 3,00,000 crore in 2014-15. This matter will be be discussed. This will be Prime Minister Modi’s first meeting with all the CMs.
The report also said that at the core of these talks will be the use of unique identification number or Aadhaar, which will be handled by the new body, for “outcome”-based programme implementation. Read Full Story>>.