When did Niti Ayog establish?
VerifiedAnswer: 1st January 2015
Explanation:
The NITI Aayog was established on 1st January 2015 by the Government of India through a Cabinet Resolution. The full form of NITI Aayog is "National Institution for Transforming India," which reflects its primary objective of transforming India's development approach and policy framework.
NITI Aayog was created to replace the Planning Commission, which had been functioning since 1950. The Planning Commission followed a top-down approach to planning and policy-making, but NITI Aayog was designed to adopt a more collaborative and participatory approach. This change marked a significant shift in India's planning and development strategy.
The Prime Minister of India serves as the Chairperson of NITI Aayog, while it also includes the Vice-Chairperson, full-time members, part-time members, ex-officio members, and special invitees. The organization functions as a policy think tank and provides strategic inputs to the government on various developmental issues.
Key functions of NITI Aayog include fostering cooperative federalism by working closely with state governments, designing strategic and long-term policies for the central government, and monitoring the implementation of various government schemes and programs. It also plays a crucial role in promoting innovation, research, and sustainable development across different sectors of the Indian economy.
