Narendra Modi scraps Planning Commission, vows to fix broken govt

[JBH22]

"Times have changed since the Planning Commission was created," Modi said on Friday, in a speech to mark India's liberation from British colonial rule. A new institution would be set up "in a short span of time", added the 63-year-old leader, who swept to power in a general election in May.

It was Nehru, a socialist who admired Josef Stalin's drive to industrialize the Soviet Union, who in 1950 set up — and chaired — the Planning Commission to map out a development path for India's agrarian economy.

The collapse of Soviet communism in 1991 killed off Gosplan — as that country's state planning committee was known. Yet its Indian counterpart survived the ensuing economic shock and cautious market reforms that followed.

'Parking lot' for cronies

Modi never had a high opinion of the Planning Commission — as leader of the industrial powerhouse of Gujarat, he stunned the panel last year by turning up at a meeting with a video that accused it of high-handedness and hobbling the states with one-size-fits-all policies.

This June, a government-backed report suggested replacing the Planning Commission with a thinktank more in line with a US-style council of economic advisors.

"Since the Planning Commission has defied attempts to reform it to bring it in line with the needs of a modern economy and the trend of empowering the states, it is proposed that the Planning Commission be abolished," the report said.

Narendra Modi scraps Planning Commission, vows to fix broken govt - The Times of India

A relic of the socialist past. India under Namo to make aggressive capitalist policies

 

[Energon]

This is great news. Planning commissions have pretty much proven to be crap since their inception. The only positive outcome from the planning commission has been the accumulation of good data which can be used by economists for academic purposes. Beyond that however these things have been a colossal disaster.

 

[zain8500]

Is it useful for the Govt?

 

[Blackwater]

is it useful for the govt?

u should ask"" is it use full for public""

 

[Ray]

Bucktooth Anand Sharma is not happy.

In his usual tongue tied way, he is rambling incoherence as usual!

He and Mickey Manish are the only two loyal foot soldiers of the Sonia dynasty.

Khurshed, Kapil the Sibal have vanished the scene to hedge their bets.