Zee Media Bureau
New Delhi: Just days after announcing "a new institution with a new spirit" soon in the place of the old centralised model of Planning Commission, Prime Minister Narendra Modi on Tuesday will meet the experts to discuss alternative to the panel.
The meet is expected to be chaired by the prime minister and former members, experts and economists of the panel. Besides these, BJP members MJ Akbar and party member NK Singh will take part in the meet.
The meeting comes just days after PM Modi announced that a new institution will replace the 64-year-old Planning Commission, of which he is chairman, since it had outlived its utility today.
The PM had promised on August 15 to announce "a new institution with a new spirit" soon in the place of the old centralised model of Planning Commission.
In keeping with his philosophy of having a more participatory government, Modi had invited ideas from the people on how to replace the panel with an institution that can best serve India`s governance needs in the 21st Century.
The Planning Commission was conceived by India`s first prime minister Jawaharlal Nehru who thought India`s goals and objectives can be best addressed with a planned economy, an idea he borrowed from the then Soviet Union. Accordingly, it was formed March 15, 1950, and with it were born the Five Year Plans from 1951 onward.
These five year plans were disrupted a few times by the India-Pakistan war and drought. Currently, the plan panel is overseeing the 12th such plan, 2012-17.