Explain the resource planning in India and the five year plans. Relate...
Resource planning in India is a process which involves the following : Identification and making a list of existing resources across the country by surveying and mapping
From 1947 to 2017, the Indian economy was premised on the concept of planning. This was carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission (1951-2014) and the NITI Aayog (2015-2017). With the prime minister as the ex-officio chairman, the commission has a nominated deputy chairman, who holds the rank of a cabinet minister. Montek Singh Ahluwalia is the last deputy chairman of the commission (resigned on 26 May 2014). The Twelfth Plan completed its term in March 2017.[1] Prior to the Fourth Plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans.[2] The new government led by Narendra Modi, elected in 2014, has announced the dissolution of the Planning Commission, and its replacement by a think tank called the NITI Aayog (an acronym for National Institution for Transforming India).
Explain the resource planning in India and the five year plans. Relate...
EXPLANATION
Resource planning is making awareness about the availability of resources in regards to needing to be utilized in building a bridge between the current time needs and future availability. This is done to maintain the ecological balance of nature.We need resources planning to bring efficiency in resource utilization and to maintain its sustainability.
Factor affecting Resources planning are -
• Availability of the resources - The amount or quantity of resources present in the environment and their demand to be utilized and preserve for the future
•Problem Global warming - The problem of Global warming is the Alert to the danger of the environment. If we plan how to use the resources efficiently. Will help us to slow down the cause of creating Global warming.
• Systematic functioning - This helps to give a systematic and potential manner to use the resources in the Society and can preserve the endangered resources..
**^^ FIVE YEAR PLANS IN INDIA;
An economic plan allocates the resources of a nation to fulfil the general and specific goals as planned by the government for a specified period. In India, these plans are made for five years and hence are known as five year plans. ... In India, after the independence, the government set up a Planning Commision in 1950....:)
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