The union government of India has replaced the Planning commission, which will now be called as NITI Aayog.
NITI Aayog or National Institution for Transforming India Aayog is the replacement of Planning Commission of India, marking the end of the Nehruvian institution that pioneered India’s five-year planned development approach.
The primary job of the new body—described as a Think-Tank—will be to advise the government on social and economic issues. Unlike the Nehruvian plan panel, the new body will not have the power to disburse funds to central ministries and state governments.
Prime Minister will be the chairperson of the National Institution for Transforming India (NITI) Aayog.
NITI Aayog to have a governing council comprising all chief ministers and lieutenant governors.
|Formed||January 1, 2015|
|Headquarters||NITI Aayog, Sansad Marg, New Delhi – 110001|
|Agency executive||Narendra Modi, ex officio chairman|