On the 13th of August, 2014, the Modi Government scrapped the 65-year-old Planning Commission and announced that it would be replaced by a new body. Accordingly, on January 1, 2015, the NITI Aayog (National Institution for Transforming India) was established as the successor to the planning commission.
- Chairperson: Prime Minister
- Vice-Chairperson: To be appointed by Prime-Minister
- Governing Council: Chief Ministers of all states and Lt. Governors of Union Territories.
- Regional Council: To address specific regional issues, Comprising Chief Ministers and Lt. Governors Chaired by Prime Minister or his nominee.
- Adhoc Membership: 2 member in ex-officio capacity from leading Research institutions on rotational basis.
- Ex-Officio membership: Maximum four from Union council of ministers to be nominated by Prime minister.
- Chief Executive Officer: Appointed by Prime-minister for a fixed tenure, in rank of Secretary to Government of India.
- Special Invitees: Experts, Specialists with domain knowledge nominated by Prime-minister.
NITI Aayog Hubs
1. Team India Hub acts as interface between States and Centre.
2. Knowledge and Innovation Hub builds the think-tank acumen of NITI Aayog.The Aayog planned to come out with three documents — 3-year action agenda, 7-year medium-term strategy paper and 15- year vision document.
- India is a diversified country and its states are in various phases of economic development along with their own strengths and weaknesses.
- In this context, a 'one size fits all' approach to economic planning is obsolete. It cannot make India competitive in today’s global economy.
- To foster cooperative federalism through structured support initiatives and mechanisms with the States on a continuous basis, recognizing that strong States make a strong nation.
- 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 benefitting 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.
- To create a knowledge, innovation and entrepreneurial support system through a collaborative community of national and international experts, practitioners and other partners.
- 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 prove its mettle in policy formulation, the NITI Aayog needs to prioritize from the long list of 13 objectives with clear understanding of the difference in policy, planning and strategy.
- To build the trust, faith and confidence more than the planning commission, NITI Aayog needs freedom of various kinds with budgetary provisions not in terms of plan and non-plan expenditures but revenue and capital expenditure as the higher rate of increase in capital expenditure can remove infrastructural deficits at all levels of operation in the economy.
- Decentralization of planning but within a five-year plan framework.
- Bureaucratic inertia need to be shaken, specializing it and fixing the accountability on basis of performance.
- NITI Aayog could emerge as an agent of change over time and contribute to the government’s agenda of improving governance and implementing innovative measures for better delivery of public services.
- NITI Aayog continues to be representative of efficient, transparent, innovative and accountable governance system in country with distinguished work ethics.