02 January 2015 :: Niti Aayog or National Institution for Transforming India Aayog is the replacement of Planning Commission of India.
It would serve as government Think Tank providing strategic and technical advice on policy matters. NITI Aayog would include all State CMs & LGs of UTs as its member. NITI Aayog has been formed after a wide range of consultation with the various stakeholders including the Chief Ministers. A landmark change is the inclusion of all State CMs & LGs of UTs in the NITI Aayog. This will foster a spirit of cooperative federalism. Having served as a CM in the past, PM Narendra Modi is very much aware of the importance of actively consulting the states. NITI Aayog does precisely that.
Through NITI Aayog, India bid farewell to a ‘one size fits all’ approach towards development. The body celebrates India’s diversity & plurality. A pro-people, pro-active & participative development agenda stressing on empowerment & equality is the guiding principle behind NITI Aayog.
Through the NITI Aayog India wishes to ensure that every individual can enjoy the fruits of development & aspire to lead a better life.
Prime Minister Narendra Modi announced creation of Niti Aayog on Twitter on 01 January 2015.