Complex sentence: The federal agency Planning Commission was setup by the Union government of India in 1951 to assess all resources of the country, augmenting deficient resources, formulating plans for the effective and balanced utilization of resources and determining priorities.
Split into simpler sentences: The federal agency Planning Commission has been setup by the Union government of India in 1951. The agency is mandated of making assessment of all resources of the country, augmenting deficient resources, formulating plans for the effective and balanced utilization of resources and determining priorities.