In which year, Planning Commission was converted into 'Niti Ayog'?

Correct option is B

The Planning Commission was replaced by NITI Aayog on January 1, 2015. The shift was part of Prime Minister Narendra Modi's government’s efforts to promote a more decentralized and participatory approach to governance, emphasizing cooperative federalism. NITI Aayog stands for the National Institution for Transforming India, and its focus is on achieving sustainable development goals and fostering cooperative federalism through the active involvement of state governments in policy-making.
Information Booster:
1. The Planning Commission was established in 1950 to create five-year plans for economic development, but it was criticized for being too centralized.
2. NITI Aayog aims for a bottom-up approach, allowing states greater participation in national policy formulation.
3. The CEO and Vice-Chairperson of NITI Aayog play key roles, with a Governing Council comprising all the Chief Ministers of states.
4. Planning Commission focused on central economic planning, while NITI Aayog promotes innovation, development strategies, and long-term planning with state involvement.