Solution

• The Planning commission was established in March 1950 by an executive resolution of the government of India. • It was established on the recommendation of the Advisory Planning Board 1946. • The Chairman of the Advisory Planning Board was K.C Neogi. • It is a non-constitutional or extra-constitutional body. • That means it is NOT created by the Constitution and NOT created by an act of parliament. • It is the supreme organ of planning for social and economic development. • However, the Planning commission was replaced by NITI Ayog (Policy. commission) from 1/Jan/2015. • It is the think tank of government and has almost the same features and roles of the planning commission.