OpenGuide - National Institution for Transforming India is the Think-Thank institution of the Government of India.It took its birth after replacing the Planning Commission of India.Current Affairs has to be updated for the exams of UPSC IAS exams,Railway Recruitment exams,Public Service Exams and  Staff Selection Board exams.The study material provided below is very useful for the exams of UPSC IAS Exams,Staff Selection Board Exams,Kerala PSc and Bank exams.

National Institution for Transforming India or NITI Aayog is the Think-Thank established by the Government of India to replace the Planning Commission.It was formed to have  a bold say in the social and economic development of India.The Union Government of India announced the formation of NITI Aayog on 1 January,2015 and held its first meeting on 8th ,February,2015.The Prime Minister serves as the Ex-Officio Chairman of NITI Aayog.

History

Government of India decided to scrap Planning Commission after the report supported by the Independant Evaluation Commission on 14th May,2014. On 14th August, 2014 the Union government replaced the  Planning Commission with National Advisory Council of India.On 1st January,2015 cabinet resolution was passed to replace Planning Commisssion and to form National Instituition for Transforming India or NITI Aayog.

Functions Of NITI Aayog

NITI Aayog helps in the over all development of all the sectors in India by designing strategic and long term policy and programme frameworks and initiatives and by monitoring their progess.

Members of NITI Aayog

1)Prime Minister ex officio chairman of NITI Aayog.

2)Vice Chairperson-Aravind Panagriya

3)Full time members -Bibek Debroy(Economist) V K Saraswat(Former DRDO Chief) and Ramesh chand(Agriculture Expert)

4)Chief Executive Officer- Amitabh Kant

5)Governing Council - All chief Ministers and Lieutenant Governors of States and Union Territories.