NITI - NATIONAL INSTITUTION FOR TRANSFORMING INDIA
- The Modi Government set up NITI Aayog in place of the Planning Commission on January 1, 2015
- The new name for Planning Commission is 'Niti Aayog'
- First Vice Chairperson of Niti Ayog - ARVIND PANAGARIYA(He was Former Chief Economist of Asian Development Bank)
- Institution will serve as ‘Think Tank’ of the Government
- Composition of NITI ayog
- Chairperson- PrimeMinister
- Governing Council-CMs(States) & Lt. Governors(UT)
- Planning Commission was set up in 1950
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• It will develop mechanisms for formulation of credible plans to the village level and aggregate these progressively at higher levels of government
• Special attention will be given to the sections of the society that may be at risk of not benefitting adequately from economic progress
• It will also create a knowledge, innovation and entrepreneurial support system through a collaborative community of national and international experts, practitioners and partners
• It will offer a platform for resolution of inter-sectoral and inter-departmental issues in order to accelerate