Five Year Plans of India

The economy of India is based in part on planning through its five-year plans, which are developed, executed and monitored by the Planning Commission. Prior to the fourth plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans.

Planning Commission

• The Planning Commission is an institution in the Government of India, which formulates India's Five-Year Plans, among other functions.
• The composition of the Commission has undergone a lot of change since its inception. With the Prime Minister as the ex-officio Chairman, the committee has a nominated Deputy Chairman, who is given the rank of a full Cabinet Minister.
• Cabinet Ministers with certain important portfolios act as part-time members of the Commission, while the full-time members are experts of various fields like Economics, Industry, Science and General Administration.

Chairman’s of Finance Commission

Finance Commission	Constituted	Chairman	Operational Duration
First	1951	K.C Niyogy	1952-57
Second	1956	K.Santhanam	1957-62

Finance Commission

The Finance Commission constituted by the President pursuant to clause (1) of article 280 of the Constitution.

It was formed to define the financial relations between the centre and the state. The Finance Commission Act of 1951 states the terms of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. As per the Constitution, the commission is appointed every five years and consists of a chairman and four other members.

Inter-State Council

The Inter-State Council is a recommendatory body of the Government of India set up under Article 263 of Indian constitution, with duties to investigate and discuss the subjects of common interest between the Union and State(s) or among the States, making recommendations particularly for better coordination of policy and action on these subjects and deliberating upon such other matters of general interest to the States which may be referred to it by its Chairman. The Council also deliberates upon such other matters of general interest to the States as may be referred by the Chairman to the Council.

Jurisdiction and Seats of High Courts

Name	Estd. In the Year	Territorial Jurisdiction	Seat
Allahabad	1866	Uttar Pradesh	Allahabad (Bench at Lucknow)

The High Court

• Presently there are 21 High Courts in India. Consists of Chief Justice & other such judges as appointed by the President.
• The Constitution, unlike in the case of the Supreme Court, does not fix any maximum number of judges for a High Court. A judge of a High Court can be transferred to another High Court without his consent by the President.
• The Chief Justice of India is also consulted. The opinion provided by him shall have primacy and is binding on the President.