The new government’s focus on manufacturing is also aimed at giving employment to millions of youth, besides enhancing the contribution of manufacturing to the country’s GDP.
The Planning Commission employs nearly 1,000 people. A list of the staff along with their roles and responsibilities has been attached with the Cabinet note.
The government is in the process of reinventing the institution to establish a closer coordination between macroeconomics and microeconomics.
The move comes in the wake of several studies being dumped by respective ministries without even adopting a single suggestion.
PM Modi could chair a high-level meeting at Yojana Bhawan on Aug 26 to finalise the broad contours of new institution that will replace Plan Panel.
As a large no. of youths enter the workforce every year, India needs to improve quality of training so it matches int'l standards, an official said.
Ajay Chibber, who heads the IEO, refutes this, saying the views in the report are based on the views of stakeholders and some Planning Commission members themselves.
Once the central board is in place, it would be entrusted with the responsibility to decide on curriculum, mode of examination and certification at different levels of training.
Narendra Modi is using the expertise of the Planning Commission to coordinate between ministries to make social sector schemes more focused and result oriented.
The Narendra Modi government has set its eye on a recast of the country's land-use policy to make it more scientific and minimise displacement.
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