The era of five-year plans began in India with the establishment of _________.

The correct answer is The Planning Commission. Key Points

• The Planning Commission was established in 1950 to formulate and implement economic plans and policies for the country.
• It was responsible for creating five-year plans for the development of various sectors in India.
• The first five-year plan was launched in 1951 and focused on agriculture, irrigation, power, and transport.
• Subsequent plans addressed issues such as poverty alleviation, industrialization, and education.

Additional Information

• The Planning Commission was replaced by the NITI Aayog in 2015.
  • The new organization is responsible for providing strategic and technical advice to the government on various policy matters.
• The Parliament is the supreme legislative body of India, consisting of the President, the Rajya Sabha (Council of States), and the Lok Sabha (House of the People).
  • It is responsible for enacting laws and overseeing the functioning of the government.
• The Finance Commission is a constitutional body that is responsible for recommending the distribution of tax revenues between the central and state governments.
  • It is also responsible for recommending measures to improve the financial position of the states.