The Planning Commission of India was a government agency established in 1950 to formulate India's Five-Year Plans and guide the country's economic and social development. It played a crucial role in India's development during its formative years, contributing significantly to the country's growth and progress.
In 2014, Prime Minister Narendra Modi announced the dissolution of the Planning Commission, citing its outdated approach and the need for a more flexible and policy-oriented institution. The Planning Commission was replaced by the NITI Aayog (National Institution for Transforming India), which was designed to be a more think-tank-oriented body focused on policy formulation and implementation.
The correct option is (B): an advisory body