The NITI Aayog was formed by replacing the Planning Commission of India on _______ 2015.

Correct option is B

The correct answer is (b) 1st January.
· The NITI Aayog (National Institution for Transforming India) was formed on 1st January 2015, replacing the Planning Commission of India.
· NITI Aayog was established to foster involvement and participation in the economic policy-making process by the State Governments of India in a bottom-up approach, unlike the top-down model of the Planning Commission.
· It aims to achieve sustainable development goals and to enhance cooperative federalism by fostering the involvement of State Governments in the economic policy-making process.
Information Booster:
· The NITI Aayog council comprises all the state Chief Ministers, along with the Chief Ministers of Delhi and Puducherry, Lieutenant Governors of all UTs, and a vice-chairman nominated by the Prime Minister.
· Prime Minister as the chairperson, presently NITI Aayog consists of: Vice Chairperson: Suman Bery. Ex-Officio Members: Amit Shah, Rajnath Singh, Nirmala Sitaraman and Arjun Munda.
· Current CEO of NITI Ayog is Shri B.V.R. Subrahmanyam.