Formed: 1 January 2015
Objectives: Foster involvement and participation in the economic policy-making process by the State Governments of India.
Headquarters: New Delhi
CEO: Amitabh Kant (Jan 2015–)
Niti Aayog Chairman - Prime Minister
Niti Aayog Vice-Chairman - Dr. Rajiv Kumar, Economist
The decades-old Five-Year Plans will make way for a three-year action plan, which will be part of a seven-year strategy paper and a 15-year vision document. The Niti Aayog, which has replaced the Planning Commission, is launching a three-year action plan from April 1, 2017
COMPARISON BETWEEN NITI AaYOG AND PLANNING COMMISSION
Planning commission goes for top-down planning for government with public sector resources.
NITI Aayog – New posts of CEO of secretary rank, and Vice-Chairperson. Will also have five full-time members and two part-time members. Four cabinet ministers will serve as ex-officio members. CEO is appointed directly by Prime Minister.
It follows bottom-up approach
OBJECTIVES OF NITI AAYOG
- To develop mechanisms to formulate credible plans at the village level and aggregate these progressively at higher levels of government.
- To ensure, on areas that are specifically referred to it, that the interests of national security are incorporated in economic strategy and policy.
- To pay special attention to the sections of our society that may be at risk of not benefiting adequately from economic progress.
- To provide advice and encourage partnerships between key stakeholders and national and international like-minded Think Tanks, as well as educational and policy research institutions.
FUNCTIONS OF NITI AAYOG
- To offer a platform for resolution of inter-sectoral and inter-departmental issues in order to accelerate the implementation of the development agenda.
- To maintain a state-of-the-art Resource Centre, be a repository of research on good governance and best practices in sustainable and equitable development as well as help their dissemination to stake-holders.
- To provide advice and encourage partnerships between key stakeholders and national and international like-minded Think Tanks, as well as educational and policy research institutions.
- NITI Aayog continues to be representative of efficient, transparent, innovative and accountable governance system in country with distinguished work ethics.
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