When was NITI Aayog set up in India ?

Correct option is C

The correct answer is: (c) 01 January 2015

NITI Aayog (National Institution for Transforming India) was established on 1st January 2015 by the Government of India to replace the Planning Commission, which had been in place since 1950.

Purpose:

• To act as a policy think-tank for the Government of India.
• Focuses on fostering cooperative federalism by involving states in decision-making.
• Aims at achieving sustainable development goals and promoting innovation.

Structure:

• Chairperson: The Prime Minister of India.
• Vice-Chairperson: Appointed by the Prime Minister.
• Includes Chief Ministers of all states and Union Territories as members.

Difference from Planning Commission:

• Unlike the Planning Commission, NITI Aayog does not formulate centralized Five-Year Plans but focuses on long-term strategic planning and state-specific solutions.

Additional Information:

• Planning Commission of India:
  • Established: 15 March 1950.
  • Purpose: Formulated Five-Year Plans for India's economic development.
  • Structure: Chaired by the Prime Minister, with a Deputy Chairman and members.
  • Role: Centralized planning, resource allocation, and policy advisory.
  • Replaced by: NITI Aayog on 1 January 2015, shifting focus from centralized planning to a more decentralized and participatory approach.