NITI Aayog Vs Planning Commission

Union Government set up the National Institution for Transforming India (NITI) Aayog. NITI Aayog that replaced the 65 year old Planning Commission will be headed by Prime Minister. It will have a governing council comprising Chief Ministers of all the states and Lt. Governors of Union Territories.

Apart from this, the NITI Aayog will also have a Vice-Chairperson and a Chief Executive Officer (fixed tenure, in the rank of Secretary to the Government of India), who will be appointed by the Prime Minister.

The NITI Aayog’s functions have been described as the Bharatiya approach to development. The Aayog has been tasked with a role of formulating policies and direction for the government and serving as a think-tank, it will provide a national agenda for Prime Minister and Chief Ministers. It will also provide relevant strategic and technical advice across the spectrum of key elements of policy, like economic matters of national and international importance.

NITI Aayog
Chairman	Mr. Narendra Modi
Vice Chairman	Mr. Arvind Panagariya, Economist
Full-Time Members	Mr. Bibek Debroy, Economist
	Dr. V.K. Saraswat, Former Secretary Defence R&D
Ex-Officio Members	Mr. Rajnath Singh, Union Minister
	Mr. Arun Jaitley, Union Minister
	Mr. Suresh Prabhu, Union Minister
	Mr. Radha Mohan Singh, Union Minister
Special Invitees	Mr. Nitin Gadkari, Union Minister
	Mr. Thawar Chand Gehlot, Union Minister
	Mrs. Smirti Zubin Irani, Union Minister