On January 1, 2015, NITI Aayog (National Institution for Transforming India) was established. On August 13, 2014, the Government of Narendra Modi announced that it would abolish the 65-year-old planning committee and replace it with a new organization called NITI Aayog.
Like the Planning Committee, NITI Aayog was created by the Coalition Cabinet of the Government of India. Provides technical advice related to the center and state. NITI Aayog has been replaced by a planning committee to better meet the needs and aspirations of the Indian people.
Configuration -The configuration of NITI Aayog is as follows:
(A) Chair person- The Prime Minister of India is the Chair person of NITI Aayog.
(B) The Governing Council is the Prime Ministers of all states, the Prime Ministers of the Union Territory, and the Governor of Lt. and other Union Territories.
(C) Regional Council -These consist of the Prime Minister and the Deputy Governor of the Union Territory of the region. It is chaired by the chairperson (Prime Minister) of NITI Aayog or his deputy.
(D) Special Invitees- Special invitees are experts, professionals and practitioners with special knowledge and are appointed by the Prime Minister.
NITI Aayog’s Specialized Wings- NITI Aayog has many specialized wings.
2.Consultancy wing–It provides a market place of whetted panels of expertise and funding,for the central and state Governments to tap into matching their requirements with solution providers,public and private,national and international.
NITI Aayog makes recommendations to the central and state governments responsible for decision-making and implementation.
2.To ensure,on areas that are specifically referred to it,that the interests of national security are incorporated in economic strategy and policy.
9.To provide advice and encourage partnerships between key stakeholders and national and international like minded think tanks.