What does CPAB mean in ADVISORY
CPAB stands for Central Planning and Advisory Board. It is a statutory body established by the Government of India in 1952 to advise the Central Government on matters relating to economic policy and planning. The Board is responsible for formulating and monitoring the implementation of the Five-Year Plans of India.
CPAB meaning in Advisory in Business
CPAB mostly used in an acronym Advisory in Category Business that means Central Planning and Advisory Board
Shorthand: CPAB,
Full Form: Central Planning and Advisory Board
For more information of "Central Planning and Advisory Board", see the section below.
Functions of CPAB
- Formulates Long-Term Economic Policies: CPAB plays a crucial role in shaping India's long-term economic policies. It analyzes economic trends, identifies potential growth areas, and recommends strategies for sustainable economic development.
- Reviews and Approves Five-Year Plans: The Board reviews and approves India's Five-Year Plans, which outline the government's economic and social development goals for a period of five years. CPAB ensures that the plans are aligned with the country's long-term economic policies.
- Monitors Implementation of Plans: CPAB monitors the implementation of the Five-Year Plans and provides guidance to the government on any necessary adjustments or revisions.
- Provides Economic Advice: The Board provides economic advice to the Central Government on a wide range of issues, including fiscal policy, monetary policy, and foreign trade.
Composition of CPAB
- Chairperson: The Prime Minister of India serves as the Chairperson of CPAB.
- Members: The Board consists of economists, industry leaders, representatives from trade unions, and other experts in various fields related to economic planning.
- Secretariat: The Planning Commission serves as the Secretariat of CPAB and provides administrative support to the Board.
Essential Questions and Answers on Central Planning and Advisory Board in "BUSINESS»ADVISORY"
What is the Central Planning and Advisory Board (CPAB)?
The Central Planning and Advisory Board (CPAB) is a statutory body established under the Central Planning and Advisory Board Act, 1985. It is the apex advisory body to the Government of India on matters related to economic and social development.
What are the functions of the CPAB?
The CPAB provides advice and recommendations to the Government of India on:
- Formulation and implementation of economic and social development plans
- Coordination and integration of various economic and social development activities
- Review and monitoring of the progress of economic and social development plans
- Evaluation of the impact of economic and social development policies and programs
Who are the members of the CPAB?
The CPAB consists of:
- The Prime Minister, who is the Chairperson
- Other Cabinet Ministers as ex-officio members
- Members of Parliament and other experts nominated by the Government of India
How does the CPAB operate?
The CPAB meets regularly to discuss and deliberate on matters related to economic and social development. It also sets up committees and task forces to study specific issues and make recommendations to the Government of India.
What is the significance of the CPAB?
The CPAB plays a crucial role in the economic and social development of India by providing independent and expert advice to the Government of India. It helps to ensure that economic and social development plans are well-informed and responsive to the needs of the country.
Final Words: CPAB plays a vital role in India's economic planning process. It provides expert advice to the government, formulates long-term economic policies, and monitors the implementation of Five-Year Plans. The Board's contributions have significantly contributed to India's economic development and progress.
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