Consider the following statements : 1. National Development Council is an organ of the Planning Commission. 2. The Economic and Social Planning is kept in the Concurrent List in the Constitution of India. 3. The Constitution of India prescribes that Panchayats should be assigned the task of preparation of plans for economic development and social justice. Which of the statements given above is/are correct?

1. Statement 1 is incorrect. The National Development Council (NDC) was established by an executive resolution in 1952 as an apex body to approve the Five Year Plans formulated by the Planning Commission and suggest measures for their implementation. While closely associated with the Planning Commission, it was a separate body and not an 'organ' of the Planning Commission. The Prime Minister headed both, but the NDC also included Union Cabinet Ministers, Chief Ministers of states, and members of the Planning Commission. 2. Statement 2 is correct. Entry 20 of List III (the Concurrent List) in the Seventh Schedule of the Constitution of India explicitly mentions "Economic and Social Planning". This means both the Union and State governments can legislate on this subject. 3. Statement 3 is correct. Article 243G of the Constitution of India, introduced by the 73rd Amendment Act, empowers the Legislature of a State to endow the Panchayats with such powers and authority as may be necessary to enable them to function as institutions of self-government. It specifically prescribes that such law may contain provisions for the devolution of powers and responsibilities upon Panchayats with respect to "the preparation of plans for economic development and social justice" and the implementation of schemes for economic development and social justice as may be entrusted to them, including those in relation to the matters listed in the Eleventh Schedule.