When was the NITI Aayog established?

Question

Question

This question was previously asked in

MPPSC Assistant Prof 2022 Commerce Paper II

Answer 1

The correct answer is - On 1st January, 2015

Key Points

NITI Aayog
- NITI Aayog stands for National Institution for Transforming India.
- It was established by the Government of India to replace the Planning Commission.
Establishment Date
- NITI Aayog was formally established on 1st January, 2015.
- The establishment marked a significant shift in India's approach to economic planning and policy-making.

Additional Information

Objectives of NITI Aayog
- To foster involvement and participation in the economic policy-making process by the State Governments of India.
- To create a shared vision of national development priorities, sectors, and strategies with the active involvement of States.
Key Functions
- To provide strategic and technical advice on various policy matters.
- To design long-term policies and program frameworks and initiatives.
- To monitor and evaluate the implementation of programs and initiatives.
Composition
- The Prime Minister of India is the Chairperson of NITI Aayog.
- It includes a Vice-Chairperson, full-time members, part-time members, and ex-officio members.