Question: Union Government led by Prime Minister Narendra Modi, has decided replace five-year plans with the long term plan of how many years?
(a) 15 Year
(b) 10 Year
(c) 20 Year
(d) 25 Year
Ans:(a)
Related facts:
- On 13 May 2016 National Institution for Transforming India (NITI) Aayog has decided to prepare a 15 year vision along with a seven-year National Development Agenda which will lay down the schemes, programmes and strategies to achieve the long-term vision.
- The National Development Agenda will be reviewed after a gap of every three years to ensure that it was aligned with financial needs and requirements.
- The first 15-year vision document will start from 2017-18.
- The long-term vision document will formulate various ways through which India can achieve its broader social objectives to meet the UNDP’s 2030 sustainable goals.
- It may be noted that the 15-year vision document will also include internal security and defence that have not been a part of five-year plans.
- It may be recalled that the Five-Year Plans first started in 1951 under the country’s first Prime Minister Jawaharlal Nehru.
- In July 1951, the Planning Commission presented a draft outline of a plan of development for the period of five years, starting from April 1951.
Reference:
http://www.ptinews.com/news/7441370_Five-year-plans-on-way-out–15-year-vision-from-next-fiscal-
http://www.livemint.com/Politics/6ysYTG3yy9ISo6mzKRhjmK/Niti-Aayog-to-replace-5year-plans-with-15year-vision-docum.html
http://www.business-standard.com/article/economy-policy/five-year-plans-out-15-year-vision-soon-116051300041_1.html