Today, very old Planning Commission was identified as new entity, NITI Aayog or National Institution for Transforming India, which will help policy thinktank for the central as well as state governments and have Prime Minister Narendra Modi as its chairperson.
NITI Aayog will have a governing council comprising of all CMs and Lt Governors and will work towards fostering a ‘co-operative federalism’ for providing a “national agenda” to the Centre and states.
It will be constituted of CEO and a vice chairperson, to be appointed by the Prime Minister, in addition to full-time members and two part-time members, while four union ministers who would work as ex-officio members.
Additionally, there would be specific regional councils, while experts and specialists from various fields would be there as “special invitees nominated by the Prime Minister”. PM Modi wanted to replace age old Planning Commision due to changed economic scenario.
