What is the rolling plan?

rolling plan in British English

(ˈrəʊlɪŋ plæn ) noun. finance. a plan which is designed to continue over a period of time and is subject to regular review and updating.

What is the objective of rolling plan?

The Rolling Plan is a plan in which every year the performance of the plan is assessed and a new plan is made next year based on this assessment. Thus, both the allocation and targets are revised during this plan.

What is rolling plan Mcq?

A rolling plan refers to a plan which changes its allocations and targets every year.

What is rolling plan in Nigeria?

The rolling plans in Nigeria are to draw inspirations from the broad goals and objectives of the vision 2010, which include forging a plan, which will by the year 2010, facilitate, Nigeria becoming a developed nation in terms of economic prosperity, political stability and social harmony.

Who introduced rolling plan?

The rolling plan was introduced by the Janata party which formed a government led by Moraarji Desai.

Rolling Plan (1978–1980) - By Lakshman Maaheshwary

What is rolling plan in five-year plan?

Rolling Plan (1978–1980)

The First Plan was for the present year which comprised the annual budget and the Second was a plan for a fixed number of years, which may be 3, 4 or 5 years. The Second Plan kept changing as per the requirements of the Indian economy.

Why was the rolling plan introduced?

Rolling plan was introduced by the Janata party which formed government led by Moraarji Desai. It rejected the Fifth five year Plan of the preceding Congress government and launched the rolling plan which could be revised as per the needs of the economy due to the inherent flexibility in the plan.

What are the objectives of rolling plans in Nigeria?

In Nigeria, the objectives of the rolling plan were to reduce inflation and exchange rate instability, maintain infrastructure, achieve agricultural self-sufficiency, and reduce the burden of structural adjustment on the most vulnerable social groups.

What is the first national development plan in Nigeria?

The first Nigerian National Development Plan was an ambitious economic plan that was launched in 1962 with a six year target that envisaged the spending of about $1,900,000,000 on development and productivity enhancing projects.

What are the development plans in Nigeria?

Which of the following is called rolling plan?

The correct answer is Varshik Yojana. The time frame for Varshik Yojana was 1979-80. This Yojana was also known as Rolling Plan. The rolling plan is defined as the plan where there are no fixed dates in respect of commencement and end of the plan.

Who was the Prime Minister during rolling plan?

The credit is given for implementing the rolling plan in India to "D.T. Lakdawala". Janata Party's government was formed on 24 March 1977 and 'Moraji Desai' became Prime Minister. The Sixth Plan was ended prematurely by the Prime Minister of the Congress Government, Mrs Indra Gandhi.

Who is known as father of Indian planning?

Father of Indian Economic Planning is Mokshagundam Vishweswaraiah better known as M. Vishweswaraiah.

What was the impact of rolling plan in Indian economy?

The main advantage of the Rolling Plan is that they are flexible and able to overcome the rigidity of fixed Five-Year Plans by revising the targets, projections, and allocations as per the changing condition of the economy of the country.

What is a three year rolling plan?

Three-Year Rolling Plan or “3YRP” means a medium-term planning framework with a three-year rolling cycle for the health sector, based on the health sector's financing needs (bottom-up) and projections of resource envelope from all sources (top-down), and designed to facilitate the implementation of HSP2.

What is the second national development plan in Nigeria?

The Second National Development Plan covers the four fiscal years 1970/71-1973/74 (April-March). This Plan was preceded by the First National Development Plan, 1962-68, the implementation of which was compromised by political events leading to a civil war that did not end until January 1970.

What are the first four national development plans in Nigeria?

More importantly it is worthwhile to note that although Nigeria has undertaken four national development plans in her post-independence history, namely: the First National Development Plan (1962-68); the Second National Development Plan (1970-74) the Third National Development Plan (1975-80) and the Fourth National ...

What was the name of the first national plan?

The Articles of Confederation served as the written document that established the functions of the national government of the United States after it declared independence from Great Britain.

What are the reasons for development planning in Nigeria?

(v) Through good development planning, Nigeria's economy will be diversified to many sectors. (vii) Through good development planning, Nigeria's agricultural and industrial productivity will increase thereby attaining the height of self-sufficiency.

What do you mean by development planning?

Development Planning is the creation of measurable goals to support an employee's career. This includes defining how to achieve a goal and the time frame within which this should be done. Managers work with employees to document both their career goals and their personal goals.

Who suggested the rolling plan for backward countries?

Notes: The Rolling Plan for backward countries was suggested by Gunnar Myrdal. The rolling plan consists of three different steps, First, a plan for the current year which includes the annual budget.

Which year plan is called rolling plan?

The Janta Government terminated the fifth five year plan in 1977-78 and launched its own sixth five year plan for period 1978-83 and called it a Rolling Plan.

Who introduced Bombay Plan?

Therefore, the Bombay Plan was not a reaction but an original proposal. The document was signed by the following: J R D Tata, son of a cousin of Jamsedji Tata, one of India's pioneer industrialists. At the time of the Bombay Plan, J R D Tata had business interests in iron and steel and the aviation industry.

Who is the father of five year plan?

The first five year plan was introduced by Joseph Stalin in the USSR in 1928.