NITI Aayog

⇒ On the 1st January 2015, by resolution the Government of India constituted a ‘NITI Aayog’ (NITI stands for National Institution for Transforming India)

⇒ The Prime Minister of India is the chairperson and Chief Ministers of all the States and Lt. Governor of Andaman & Nicobar Islands (UT) are the members of NITI Aayog’s Governing Council.

⇒ The Aayog will have five full-time members, two permanent members, four Union Ministers as ex-officio members and three Union Ministers as special invitees.

⇒ Arvind Pangariya (An Indo-US economist and ex-chief Economist of Asian Development Bank) was the first Vice Chairman of the NITI Aayog.

⇒ The first meeting of the newly constituted planning body, the NITI Aayog was chaired by the Prime Minister Narendra Modi on 8 February, 2015.

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