NITI Aayog or National Institution for Transforming India Aayog is a policy think-tank of Union Government of India that replaces Planning Commission of India and aims to involve the states in economic policy-making in India. It will be providing strategic and technical advice to the central and the state governments. Prime Minister of India heads the Aayog as its chairperson. Union Government of India had announced formation of NITI Aayog on 1 January 2015. There are couples of things to be considered here.
In Hindi, NITI (Hindi: नीति) means Policy,And Ayog(Hindi: आयोग) means Commission. NITI Aayog would therefore mean:
• A group of people with authority entrusted by the government to formulate/regulate policies concerning transforming India. • It is a commission to help government in social and economic issues. • Also it's an Institute of think tank with experts in it. India's Finance Minister Arun Jaitley made the following observation on the necessity of creating NITI Ayog: “The 65-year-old Planning Commission had become a redundant organisation. It was relevant in a command economy structure, but not any longer. 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 In this context, a ‘one size fits all’ approach to economic planning is obsolete.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” 
1950. Planning commission was established
May 29, 2014. The first IEO(Independent Evaluation Office ) assessment report was submitted to Prime Minister Modi on May 29, three days after he was sworn in. According to Ajay Chibber, who heads the IEO, views in the report are based on the views of stakeholders and some Planning Commission members themselves. Planning Commission to be replaced by "control commission" August 13, 2014. Cabinet of Modi govt. scrapped the Planning Commission Aug. 15 2014. Modi mentioned to replace Planning Commission by National Development and Reform Commission(NDRC) on the line of China
The NITI Aayog comprises the following:
1. Prime Minister of India as the Chairperson
2. Governing Council comprising the Chief Ministers of all the States and Lieutenant Governors of Union Territories 3. Regional Councils will be formed to address specific issues and contingencies impacting more than one state or a region. These will be formed for a specified tenure. The Regional Councils will be convened by the Prime Minister and will comprise of the Chief Ministers of States and Lt. Governors of Union Territories in the region. These will be chaired by the Chairperson of the NITI Aayog or his nominee 4. Experts, specialists and practitioners with relevant domain knowledge as special invitees nominated by the Prime Minister 5. Full-time organizational framework (in addition to Prime Minister as the Chairperson) comprising 1. Vice-Chairperson: Arvind Panagariya
2. Members: Two (2) Full-time
3. Part-time members: Maximum of two from leading universities research organizations and other relevant institutions in an ex-officio capacity. Part-time members will be on a rotational basis 4. Ex Officio members: Maximum of four members of the Union Council of Ministers to be nominated by the Prime Minister 5. Chief Executive Officer: To be appointed by the Prime Minister for a fixed tenure, in the rank of Secretary to the Government of India 6. Secretariat as deemed necessary 
The various members of NITI Aayog are:
1. Chairperson: Prime Minister Narendra Modi
2. CEO: Sindhushree Khullar
3. Vice Chairperson: Arvind Panagariya
4. Ex-Officio Members: Rajnath Singh, Arun Jaitley, Suresh Prabhu and Radha Mohan Singh 5. Special Invitees: Nitin Gadkari, Smriti Zubin Irani and Thawar Chand Gehlot 6. Full-time Members: Bibek Debroy & V. K. Saraswat
7. Governing Council: All Chief Ministers and Lieutenant Governors of Union Territories.
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NITIAayog From Wikipedia, the free encyclopedia NITIAayog (Hindi: नी त आयोग, lit. "Policy Commission") or National Institution for Transforming India Aayog is a policy thinktank of Government of India that replaces Planning Commission and aims to involve the states in economic policy making in India. It will be providing strategic and technical advice to the central and the state governments. The Prime Minister heads the Aayog as its chairperson. On the first meet took place here at Delhi with sign board labelled as TEAM INDIA on 07/02/2015 (http://www.dnaindia.com/india/reportnitiaayogsrealsuccess wouldcomefromquickerexecution2059331) NITIAayog Neethi Aayog Hindi: नी त आयोग National Institution for Transforming India Agency overview Formed 1 January 2015 Preceding Agency Planning Commission Jurisdiction Government of India Union Government of India had announced formation of NITIAayog on 1 January 2015. Ministers Narendra Modi, Prime Minister responsible Rao Inderjit Singh, Minister of State for Planning (Independent charge) There are a couple of things to be considered here. NITIAayog would therefore mean: Agency executive Narendra Modi, Chairperson • A group of people with authority entrusted by the government.
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New Delhi, Feb. 21 -- Government think tank Niti Aayog on Tuesday said that maintaining the pace of digital transactions, reducing their cost and minimising technical errors remained the key challenges in making the economy less reliant on cash. A severe shortage of currency notes triggered by the demonetisation of high-value currency notes on 8 November has led to a surge in digital payments in the past 100 days. "The digital currency should be at par with cash currency and, thus, the need to disincentivize cash transactions is needed. There is a need to have a level playing field so that people can actually choose between cash and digital modes of payments," said Amitabh Kant, chief executive officer of Niti Aayog, arguing for reduction in the merchant discount rate (MDR) that banks charge on card payments. The Reserve Bank of India (RBI) last Thursday proposed a system of progressive MDR charges linked to the annual turnover of merchants. Addressing the media here, Kant said Niti Aayog will give its comments on the proposal and that lower MDR charges will support cash-less payments. The government, however, is yet to decide on a proposal of levying a fee on cash withdrawals above Rs50,000 recommended by committee of chief ministers led by Chandrababu Naidu, the chief minister of Andhra Pradesh. Dewang Neralla, chief executive officer of Atom Technologies Ltd, a payment service provider, said there could be different cash withdrawal limits for consumers and businesses and accordingly, cash usage should be disincentivized. The government also needs to create a better infrastructure for digital payments. The chief ministers' panel had in its 24 January report recommended steps to promote digital payment following the central government's 8 November decision to discontinue large currency bills. It also suggested that MDR be cut to 30 paise for transactions up to Rs100 and a maximum of Rs10 for transactions above Rs2,000 to encourage payments using debit cards. MDR is the commission paid by merchants to the banks that run the point-of-sale (PoS) machine networks. Kant said rationalizing MDR rates will give a major fillip to electronic transactions including card payments even at smaller merchant establishments. Kant said the Bharat Interface for Money, or the BHIM app, has so far been downloaded by over 17 million consumers. The indigenous digital payments application was launched last December. Noting that the app initially suffered from glitches, he said the level of technical failure has now come down significantly. As a part of Niti Aayog's two incentive schemes-Lucky Grahak Yojana and Digi Dhan Vyapar Yojana-to promote digital payments, more than Rs153 crore has been disbursed as reward money to over one million consumers and merchants in the last two months.
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Centralised planning in our country with federal political structure has brought in issues that have led to suboptimal exploitation of the resources present with us. National Institution for Transforming India(NITI) Aayog replaced Planning Commission with the vision of “Team India” and is expected to affect the Centre-State relations in the following manner:
-State Chief Ministers(CMs) have been given a place in the executive body of NITI Aayog which will give them an active voice in the body, bringing in varied views and will reduce the mistrust on planning between the centre and the states
-Planning in India was on the lines of “Systems Type of Planning” which ignores factors like caste, religion, culture, regional differences etc. but this has not been very effective in our country. NITI has been given the job of planning on the lines of “Normative Type of Planning” taking these factors into account.
-Centrally Sponsored Scheme’s restructuring and Increased tax devolution as recommended by 14th Finance commission is expected to complement the efforts of NITI Aayog in enabling decentralised planning in India
Hence, it is believed that by increasing the role of states in planning, NITI Aayog will greatly improve the Centre-State relations and will lead to “Federal Planning” in a federal country.
Good work Cooties,
U have followed the word limit ,’
Points are informative
However the directive word is critically
so u have to mention some negative points too like
NITI is also non constitutional non statutory = no clear cut role.
It is advisory body. final implementation rest on central govt = not so coop-fed
moreover as i know ( i may be wrong )- NITI will not take caste and religion as a criteria for policy formulation.
Overall good attempt …Keep writing.
also having no financial wand to enforce its decisions, the effectiveness of NITI is based totally on the states will
damn..i completely ignored the directive…thanks for pointing dat out..i ll take care of it the next time..i read somewhere about the normative thing, but yeah i maybe wrong..i ll try to confirm it..if u are able to find it out, plzz do tell me also..Thanx for your review
National institute for transforming india (NITI) ayog has a structure and philosophy that are a clear departure from its erstwhile predecessor planning commission’s top down approach. It gave a death knell to the command and control structure of resource allocation and gave a new slogan of “cooperative and competitive federalism “. In this context NITI ayog must be seen along with the 14th FC recommendations of allocating the 42% of the total net divisible pool of taxes among the states.
This has changed the entire dynamics of center state relations. States no longer at the mercy and discretion of the center for funds. Instead, they became active partners in the development process of India.The new spirit of “team India “ has arisen by making the CM”S of the states the members of the NITI aayog’s executive committee.
Niti ayog empowers states ,Niti ayog will not only look at economic relations but also deliberates on matters of larger public interests like national security. counter terrorism. cyber security. good governance ,science and technology. capacity building with innovation at its core.
The three committees formed hither to to look at the effectiveness of the centrally sponsored schemes. swatch bharath abiyan. skill india with chief ministers as the chairman’s is a welcome sign of bottom up policy making where states can customize the cash flows according to their own needs and that will be decided at the planning stage itself.
NITI aayog has come up with so much of hope and it should work
relentlessly to pursue its objectives to really transform india.
NITI Aayog created by scraping the Planning commission to Increase the Centre state cooperation on various issue and Boost the spirit of Cooperative federalism. The Mechanism of the Planning commission is One way communication – Centre to state while NITI Proposed the Two way communication. The Following the projected benefits of NITI :-
(1) Cooperative federalism :- NITI make the CM of states/UT and Administrator of the UT as the members of the governing council which make possible to Include the input form the States/UTs. Such diverse representation help to Draft the effective policy.
(2) Empowerment to states :- NITI is also a think tank which help the state in to policy formation and Other Critical issues where state Lack of expertise.
Though the creation of the NITI and Objective of the NITI are the very wide and diverse the power allocation to NITI is not as par that. Following the problems where NITI may not effect the much to centre-state relation :-
(1) No Legal status :- Unlike the ISC. NITI is not the Constitutional body and so since inception it became the subject of politics as the some CM boycott the 1st meeting.
(2) Overlapping with the FC :- Same IN case of the Planning commission the power of the NITI also Overlap with the FC. which is constitutional body.
(3) No mention about the Centre-state legislative business :- Many committee like Sarakaria and Punchi Emphasize to make changes to increase the in legislative business. As example Union to Ask the states about the concert related to new law in concurrent list etc.
The government on Thursday announced that the Planning Commission had been revamped and rechristened as the NITI (National Institution for Transforming India) Aayog, with a multi-tiered structure including a governing council that comprises the chief ministers of all states and lieutenant governors of union territories.
To be chaired by Prime Minister Narendra Modi. the revamped institution will serve as a government “think tank” with the mandate to provide strategic and technical advice on issues of “national and international importance” to the Centre and states.
Delighted to introduce NITI (National Institution for Transforming India) Aayog. It will provide key inputs on various policy matters.
“Having served as a CM in the past, I am very much aware of the importance of actively consulting the states. NITI Aayog does precisely that,” tweeted Modi, who had in his Independence Day speech mooted the idea of replacing the Planning Commission, which was set up in 1950 and seen as a vestige of the socialist era. He also held consultations with state governments on December 7 on this issue.
Through NITI Aayog, we bid farewell to a ‘one size fits all’ approach towards development. The body celebrates India’s diversity & plurality
The body will have a CEO and a Vice Chairperson, to be appointed by the Prime Minister, in addition to some full-time members and two part-time members, while four union ministers would serve as ex-officio members.
The Planning Commission, known as a socialist era institution, instead had a Deputy Chairperson.
A pro-people, pro-active & participative development agenda stressing on empowerment & equality is the guiding principle behind NITI Aayog.
“A pro-people, proactive & participative development agenda stressing on empowerment & equality is the guiding principle behind NITI Aayog… Through NITI Aayog, we bid farewell to a ‘one size fits all’ approach towards development. The body celebrates India’s diversity & plurality,” he tweeted.
The NITI Aayog, set up by a resolution of the Union Cabinet, will have a multi-tiered structure, with the PM as the chairperson, a governing council comprising the chief ministers of all states and lieutenant governors of union territories, regional councils to be set up on region and state specific issues, and experts and specialists as the PM’s special invitees.
“The regional councils will be convened by the Prime Minister and will comprise the chief ministers of all the states and lieutenant governors of union territories in the region. These will be chaired by the chairperson of the NITI Aayog or his nominee,” said an official statement.
In addition, the full-time organisation framework of the NITI Aayog will comprise the PM as its chairperson, who will appoint a CEO and vice-chairperson. It will also have some full-time members and two part-time members, while four union ministers will serve as ex-officio members.
While the two part-time members will be from leading universities and research organisations, the number of full-time members has not been specified as yet. Sources said the names of the members are likely to be announced over the next few days.
Through the NITI Aayog we wish to ensure that every individual can enjoy the fruits of development & aspire to lead a better life.
— Narendra Modi (@narendramodi) January 1, 2015
While the Planning Commission was primarily responsible for deciding on plan spending of the Centre and allocation to state governments, the NITI Aayog will provide a “national agenda framework for the Prime Minister and the chief ministers” after evolving “a shared vision of national development priorities, sectors and strategies with the active involvement of states”.
Invoking the words of national and spiritual leaders including Mahatma Gandhi. Swami Vivekananda and B R Ambedkar, the government said the new agency will also “foster cooperative federalism through structured support initiatives and mechanisms with states” as well as develop mechanisms to formulate credible plans at the village level.
“Nearly 65 years later, the country has transformed from an under-developed economy to an emergent global nation with one of the world’s largest economies… People require institutional reforms in governance and dynamic policy shifts that can seed and nurture largescale change,” said the statement.
Besides, the NITI Aayog will interact with and encourage partnerships between key stakeholders and national and international like-minded think tanks, maintain a state-of-the-art resource centre on good governance and best practices in sustainable and equitable development and actively monitor and evaluate the implementation of programmes and initiatives.
It will also “ensure, on areas that are specifically referred to it, that the interests of national security are incorporated in economic strategy and policy,” said the official statement, adding that it will pay special attention to the sections of society that may be at risk of not benefiting adequately from economic progress. Further, it will design strategic and long-term policy and programme frameworks and initiatives, and monitor their progress and their efficacy.
The revamp however, did not go well with Opposition parties who said it was mere “fluff” and “gimmickry”. “If the government wants to greet people with fluff and not substance on the first day of 2015, then there is nothing more that can be said… If North Block or the Finance Ministry have a very short-term view of both fiscal and monetary objective… It, being the stakeholder in the process, I am afraid, is going to discriminate against the states,” said Congress spokesperson Manish Tewari.
CPI(M) leader Sitaram Yechury termed the renaming of the Planning Commission as “aniti and durniti”
First Published on: January 1, 2015 5:38 pm