Narendra Modi: Planning Commission will be axed as it has outlived its utility
New Delhi: Prime Minister Narendra Modi Friday said a new institution will be set up soon to replace the 64-year-old Planning Commission, of which he is chairman, since it had outlived its utility.
“In a short time, we will initiate a new institution that will work in the place of the Planning Commission,” Modi said in maiden speech from the Red Fort on Independence Day.
Being a former chief minister himself who had to knock on the doors of the commission for money, Modi said the importance of federalism in India was increasing and institutions must address this reality.