The Commission comprised of Prime Minister as its chairman, a deputy chairman, appointed by central executive, half a dozen members and important cabinet ministers.
Following are the functions and objectives of the Planning Commission –
• Make an assessment of the material, capital and human resources of the country, including technical personnel, and investigate the possibilities of augmenting such of these resources as are found to be deficient in relation to the nation’s requirement;
• Formulate a Plan for the most effective and balanced utilisation of country's resources;
• On a determination of priorities, define the stages in which the Plan should be carried out and propose the allocation of resources for the due completion of each stage;
• Indicate the factors which are tending to retard economic development, and determine the conditions which, in view of the current social and political situation, should be established for the successful execution of the Plan;
• Determine the nature of the machinery which will be necessary for securing the successful implementation of each stage of the Plan in all its aspects;
• Appraise from time to time the progress achieved in the execution of each stage of the Plan and recommend the adjustments of policy and measures that such appraisal may show to be necessary; and
• Make such interim or ancillary recommendations as appear to it to be appropriate either for facilitating the discharge of the duties assigned to it, or on a consideration of prevailing economic conditions, current policies, measures and development programmes or on an examination of such specific problems as may be referred to it for advice by Central or State Governments
NITI Aayog is a dynamic institution, which replaced the Planning Commission to play a significant role in providing strategic and technical advice to the central and state governments.
NITI Aayog comprises of Chairperson: Prime Minister of India, CEO, Vice Chairperson, Ex-Officio Members – important Cabinet ministers (Home, Finance, Railway, and Agriculture), Special Invitees – some other cabinet ministers, Full-time Members and Governing Council comprising the Chief Ministers of all the States and Union Territories with Legislatures and Lt. Governors of other Union Territories.
Following are the objectives and functions of NITI Aayog:
• The institution serves as a ‘think tank’ of the government
• It acts as a directional and policy dynamo.
• NITI Aayog provides governments at the Central and State levels with relevant strategic and technical advice across the spectrum of key elements of policy.
• NITI Aayog, instead of being in the controlling seat, is going to provide a direction. It is going to be an ‘enabler’ instead of a ‘provider of first and last resort.
• Instead of control, the focus will be on being a catalyst and providing a platform for the States and the Centre to come together and discuss matters of economic policies and development plans
• It will develop mechanisms to formulate credible plans to the village level and aggregate these progressively at higher levels of government. It will ensure special attention to the sections of society that may be at risk of not benefitting adequately from economic progress.
• NITI Aayog will evolve a shared vision of national development priorities.