How is NITI Aayog different from Planning Commission of India answer briefly?
How is NITI Aayog different from Planning Commission of India answer briefly?
NITI Aayog is basically a think-tank or an advisory body. The Planning Commission had the power to impose policies on States and for the projects approved by the Planning Commission. The powers for allocation of funds have not been given to the NITI Aayog.
What is the main objective of Planning Commission or NITI Aayog?
NITI Aayog is developing itself as a state-of-the-art resource centre with the necessary knowledge and skills that will enable it to act with speed, promote research and innovation, provide strategic policy vision for the government, and deal with contingent issues.
Which institution got set up instead of Planning Commission of India?
NITI Aayog
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 It has since been replaced by a new institution named NITI Aayog.
Is NITI Aayog similar to Planning Commission?
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). India is a diversified country and its states are in various phases of economic development along with their own strengths and weaknesses.
What is the composition of NITI Aayog?
With the Prime Minister as the Chairperson, presently NITI Aayog consists of: Vice Chairperson: Rajiv Kumar. Ex-Officio Members: Amit Shah, Rajnath Singh, Nirmala Sitaraman and Narendra Singh Tomar. Special Invitees: Nitin Gadkari, Piyush Goyal, Virendra Kumar, Ashwini Vaishnaw and Rao Inderjit Singh.
What policy has NITI Aayog adopted?
Make in India Policy has been adopted by NITI Aayog.
Does NITI Aayog allocate?
With prior knowledge of funds that will be allotted to them under each CSS, States can allocate funds to corresponding sectors in their budgets accordingly, without having to wait for the release of the Union Budget. The decision reflects NITI Aayog’s commitment to cooperative federalism.