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The Planning Commission was an institution in the Government of India which formulated India's Five-Year Plans, among other functions. In his first Independence Day speech in 2014, Prime Minister Narendra Modi announced his intention to dissolve the Planning Commission. It has since been replaced by a new institution named NITI Aayog.
The NITI Aayog (lit. ' Policy Commission '; abbreviation for National Institution for Transforming India) serves as the apex public policy think tank of the Government of the Republic of India, and the nodal agency tasked with catalyzing economic development, and fostering cooperative federalism and moving away from bargaining federalism through the involvement of State Governments of India in ...
On 1 January 2015, a Cabinet resolution was passed to replace the Planning Commission with the newly formed NITI Aayog (National Institution for Transforming India). Union Government of India announced the formation of NITI Aayog on 1 January 2015. The first meeting of NITI Aayog was chaired by Narendra Modi on 8 February 2015.
The Council comprises the Prime Minister, the Union Cabinet Ministers, Chief Ministers of all States or their substitutes, representatives of the Union Territories and the members of the NITI Aayog (erstwhile Planning Commission). NDC (National Development Council) has been proposed to be abolished.
He served as first vice-chairman of the government of India think-tank NITI Aayog between January 2015 and August 2017. [2] He has been appointed as the chairman of 16th Finance Commission by the government of India. He is a former Chief Economist of the Asian Development Bank.
Efforts to revive the system have been debated for decades, with proposals from the Election Commission in 1983, the Law Commission in 1999 and Niti Aayog, a government think-tank, in 2017. Does ...
On 5 January 2015, he was appointed permanent member of NITI Aayog (or National Institution for Transforming India Aayog), which is the replacement of Planning Commission and will act as a think-tank to the government of India. [23] [24] [25] He served as a Member of Niti Aayog till June 2019. In September 2017, he was appointed Chairman of the ...
On 31 December 2014, Modi announced that the Planning Commission had been scrapped. It was replaced with a body called the National Institution for Transforming India, or NITI Aayog. [214] [215] The Planning Commission was a legacy of the Indian independence movement, although critics said that it was slowing economic growth. [216]