After abolition of the Planning Commission, Government of India has set up the NITI Aayog, which is a policy making body. Accordingly the new Board ‘Economic Policy and Planning Board’ has been constituted to cater to the new requirements.
2. The Board would focus more on formulating polices for the development of the State, monitor and evaluate the implementation of these policies and suggest mid-course corrections. This would help immensely in future policy formulation for the overall socio-economic development of the state in view of the needs as well as aspirations of the people.
Functions:
The Economic Policy and Planning Board will:-
- Provide strategic inputs and directions to formulate policies for overall socio-economic development of the state keeping in view the needs as well as aspirations of the people of the state;
- Monitor and evaluate the implementation of current policies, programmes/initiatives and suggest preferred course of action for the purpose of amending the old policies and making new policies;
- Determine factors which tend to slow down economic and social development of the State and suggest measures to be established for successful execution of the policies;
- Develop long term/short term policies and policy design framework and take necessary initiatives for accelerating Economic development;
- Undertake other activities as may be necessary in order to facilitate the execution of state development agenda and any other specific duties as may be referred to it for advice by the State Government.