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PYQ 1200 Q/A Part - 1
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Kerala PSC Indian Economy Book Study Materials Page 100
Book's First Page5.14 ndian onom found to be deficient in relation to the ‘economic reforms’ with the help of the nation’s requirements; steering committees. (ii) Formulate a plan for the most effective It should be noted here that once and balanced utilisation of the country’s the process of economic reforms was resources; initiated in the country (early 1990s) (iii) On a determination of priorities, define there was a diminishing role proposed the stages in which the plan should be for the state in the economy in some carried out and propose the allocation of areas and increased role for the state in resources for the due completion of each some other areas. The re-definition of the state’s role in the economy (though it was stage; the contemporary thinking world wide) (iv) Indicate the factors which are tending made most of the experts and the business to retard economic development, and community to conclude as if there will determine the conditions which, in be no role for planning in the economy. view of the current social and political The New Economic Policy (NEP) of situation, should be established for the 1991–92 was a prima-facie proposal for successful execution of the plan; the expansion of the market economy (v) Determine the nature of the machinery in the country. But it was not the case which will be necessary for securing the altogether. Planning has not become successful implementation of each stage irrelevant though it needed to search of the plan in all its aspects; for a new orientation. And it was highly (vi) Appraise from time to time the progress essential that the process of planning achieved in the execution of each stage of keeps its relevance to the bigger and the the Plan and recommend the adjustments broader process of economic reforms. of policy and measures that such appraisal This particular new function of the PC may show to be necessary; and must be seen in this light. (vii) Make such interim or ancillary (ii) To monitor the progress of various Central Ministries. It should be noted recommendations as appear to be here that for the first time, the PC appropriate either for facilitating the went to set the ‘monitorable targets’ for discharge of the duties assigned to it; 10 areas indicating development. The or on a consideration of the prevailing Central Ministries have been linked to economic conditions, current policies, these monitorable targets. The timely measures and development programmes; performances of the Ministries are now or on an examination of such specific monitored by the PC as per its new problems as may be referred to it for function. advice by Central or State governments.” With the inclusion of the above- With the commencement of the Tenth Plan mentioned two functions in the existing (2002–07), the government handed over two new functions (which were already very functions to the Planning Commission in 2002, broad), the PC had emerged as a real namely: ‘supercabinet’. Since it was basically the (i) To monitor the plan implementation Deputy-Chairman who officiated the with special reference to the process of general meetings of the Commission, he