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Modi ends 64-year run of Planning commission

Modi ends 64-year run of Planning commission

Prime Minister Narendra Modi in his first speech from Red Fort on Independence Day, announced that the government would replace the Planning Commission with a new body, bringing the curtains down on the 64-year old institution founded on the former Soviet Union’s command-style development model.India’s first Prime Minister Jawaharlal Nehru, inspired by the Gosplan-aided industrialisation of the Soviet Union, set up the Planning Commission in 1950. The dominant view at the time, drawn from Fabian socialism, backed the need for state-led planned industrialisation and development. For the first eight Plans, the emphasis was on a growing public sector with massive public investments in basic and heavy industries. The commission, housed at Yojana Bhawan a few hundred yards away from Parliament House, emerged as the government’s primary go-to think-tank for policy prescriptions. Former Prime Minister Manmohan Singh as well as President Pranab Mukherjee both served as the Planning Commission’s deputy chairperson, the body’s topmost executive. The prime minister is the chairperson of the commission.

Globally, Abu Mohammed al-Adnani, an Isis spokesman, defined the Islamic state’s territory as running from northern Syria to the Iraqi province of Diyala north-east of Baghdad, a vast stretch of land straddling the border that is already largely under Isis control. He also said that with the establishment of the caliphate, the group was changing its name to the Islamic State, dropping the mention of Iraq and the Levant. Through his campaign, Mr Modi had vowed to reboot the economy and deliver efficient governance -he said today “development for all” would be his mission. With its allies, the BJP now has over 300 of the 543 parliamentary seats. The stunning numbers provide incontrovertible evidence of the “Modi wave” that the BJP name-dropped for months. The twin headline to Mr Modi’s phenomenal win is the colossal defeat that he has enforced upon the incumbent Congress. Headed by Sonia and Rahul Gandhi, the party has crashed to its worst performance with less than 50 seats after 10 years in power.

—Prashant Tewari, Editor-in-Chief

Modi ends 64-year run of Planning commission

Modi ends 64-year run of Planning commission

Prime Minister Narendra Modi in his first speech from Red Fort on Independence Day, announced that the government would replace the Planning Commission with a new body, bringing the curtains down on the 64-year old institution founded on the former Soviet Union’s command-style development model.India’s first Prime Minister Jawaharlal Nehru, inspired by the Gosplan-aided industrialisation of the Soviet Union, set up the Planning Commission in 1950. The dominant view at the time, drawn from Fabian socialism, backed the need for state-led planned industrialisation and development. For the first eight Plans, the emphasis was on a growing public sector with massive public investments in basic and heavy industries. The commission, housed at Yojana Bhawan a few hundred yards away from Parliament House, emerged as the government’s primary go-to think-tank for policy prescriptions. Former Prime Minister Manmohan Singh as well as President Pranab Mukherjee both served as the Planning Commission’s deputy chairperson, the body’s topmost executive. The prime minister is the chairperson of the commission.

Globally, Abu Mohammed al-Adnani, an Isis spokesman, defined the Islamic state’s territory as running from northern Syria to the Iraqi province of Diyala north-east of Baghdad, a vast stretch of land straddling the border that is already largely under Isis control. He also said that with the establishment of the caliphate, the group was changing its name to the Islamic State, dropping the mention of Iraq and the Levant. Through his campaign, Mr Modi had vowed to reboot the economy and deliver efficient governance -he said today “development for all” would be his mission. With its allies, the BJP now has over 300 of the 543 parliamentary seats. The stunning numbers provide incontrovertible evidence of the “Modi wave” that the BJP name-dropped for months. The twin headline to Mr Modi’s phenomenal win is the colossal defeat that he has enforced upon the incumbent Congress. Headed by Sonia and Rahul Gandhi, the party has crashed to its worst performance with less than 50 seats after 10 years in power.

—Prashant Tewari, Editor-in-Chief

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