NITI Aayog

NITI Aayog or National Institution for Transforming India Aayog is a policy think-tank of Union Government of India that replaces Planning Commission of India and aims to involve the states in economic policy-making in India. It will be providing strategic and technical advice to the central and the state governments. Prime Minister of India heads the Aayog as its chairperson.

Union Government of India had announced formation of NITI Aayog on 1 January 2015

Genesis

• 1950 : Planning commission was established
• May 29, 2014 : The first IEO(Independent Evaluation Office ) assessment report was submitted to Prime Minister Modi on May 29, three days after he was sworn in. According to Ajay Chibber, who heads the IEO, views in the report are based on the views of stakeholders and some Planning Commission members themselves. Planning Commission to be replaced by "control commission"
• August 13, 2014: Cabinet of Modi govt. scrapped the Planning Commission
• Aug. 15 2014: Modi mentioned to replace Planning Commission by National Development and Reform Commission(NDRC) on the line of China.

Present Members

The various members of NITI Aayog are:

• Chairperson: Prime Minister Narendra Modi
• CEO Sindhushree Khullar
• Vice Chairperson: Arvind Panagariya
• Ex-Officio Members: Rajnath Singh, Arun Jaitley, Suresh Prabhu and Radha Mohan Singh
• Special Invitees: Nitin Gadkari, Smriti Zubin Irani and Thawar Chand Gehlot
• Full-time Members: Bibek Debroy & V. K. Saraswat
• Governing Council: All Chief Ministers and Lieutenant Governors of Union Territories