Site iconEconomyria

NITI Aayog Demystified

NITI Aayog
Image credits: //www.flickr.com/photos/narendramodiofficial/

The Government scrapped the planning commission on 1st January 2015 and replaced it with NITI Aayog. 

The Planning commission was formed in the year 1950. NDA Government shut it down in the year 2015 and replaced it with NITI Aayog. The major arguments against the planning commission were:

NITI Aayog was formed to replace the planning commission to address the above shortcomings.

[You may also read: Financial inclusion and Jan Dhan Yojana Explained]

Difference between Planning Commission and NITI Aayog

This is the difference between the planning commission and NITI Aayog “on papers”. But, whether or not NITI Aayog will really be a break from the past or is it just new wine in an old bottle, is yet to be seen.

[You may also read: Monetary Policy Committee explained]

Exit mobile version