In which year did the government establish a new institution called NITI Aayog in place of the Planning Commission?

Correct option is A

The correct answer is:(a) 2015

Explanation:
• The NITI Aayog (National Institution for Transforming India) was established on 1st January 2015, replacing the Planning Commission.
• It was created to foster cooperative federalism and implement a bottom-up approach to development.

Information Booster:
• First Vice-Chairman: Arvind Panagariya
• Current CEO (as of 2024): B.V.R. Subrahmanyam
• Governing Council: Includes Chief Ministers of all states
• Focus: Policy think-tank, innovation, digital governance
• Reports directly to the Prime Minister
• Promotes Sustainable Development Goals (SDGs) alignment