NITI Aayog

NITI Aayog ( नीति आयोग) or National Institution for Transforming India Aayog is a policy think-tank 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 i.e. by adopting bottom-up approach rather than traditional top-down approach as in planning commission. The Prime Minister heads the Aayog as its chairperson While the Planning Commission had no representation for State and Union territories, the NITI Aayog has. Union Government of India had announced formation of NITI Aayog on 1 January 2015. The first meeting of NITI Aayog was held on 8 February 2015.
NITI Aayog Chairperson: Shri Narendra Modi, Hon'ble Prime Minister
NITI Aayog Vice Chairperson: Shri Arvind Panagariya