The Government has replaced Planning Commission with a new institution named NITI Aayog (National Institution for Transforming India). It is created by a cabinet Resolution issued on January 1, 2015. The institutional framework of government has developed and matured over the years. This has allowed the development of domain expertise which allows to increase the specificity of functions given to institutions. Specific to the planning process, there was a need to separate as well as energize the distinct ‘processes of governance from the ‘strategy’ of governance. The Seven Pillars of Effective Governance include-
The institution to give life to these aspirations is the NITI Aayog (National Institution for Transforming India). This is being proposed after extensive consultation across the spectrum of stakeholders including inter alia state governments, domain experts and relevant institutions.
Composition of the NITI Aayog