Planning in India derives its objectives and social premises from the Directive Principles of State Policy enshrined in the Constitution. The Planning Commission was set up by a Resolution of the Government of India in March 1950 in pursuance of declared objectives of the Government to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country. Jawaharlal Nehru was the first Chairman of the Planning Commission. At present, Prime Minister of India, Narendra Modi is the Chairman of the Planning Commission.