The Planning Commission might be replaced with a diluted version of the National Development and Reform Commission (NDRC) of China, with a much smaller role to begin with.
The logic is if the new body is modelled exactly on the lines of NDRC, it needs immense power and clout over almost all central ministries as exercised by the Chinese body. An announcement on the new body is expected to be made shortly, officials said.
NDRC has broad administrative and planning control over the entire Chinese economy and is sometimes also referred to as 'mini-state council' and the 'number-one ministry.'
It has 26 functional departments, with around 900 civil servants. India's Planning Commission has 31 divisions and seven attached offices, which include the Unique Identification Authority of India and Independent Evaluation Office (the latter had recommended about the need to change the Commission's role).
"In fact, if you see China's NDRC, it has powers to even authorise raids and inspections to control a price spike and can reconsider cases related to price violation, which I doubt the new body will have," a former Commission member said.
Text: Sanjeeb Mukherjee, Business Standard
Image courtesy: PTI