Wednesday 31 December 2014

‘Neeti Ayog’ Replaces Planning Commission

Making his promise to restructure the 64 year old Planning Commission, Prime Minister Narendra Modi announced on New Year’s Day that it will replaced by a new body named 'Neeti Ayog’.

The decision was taken at the Cabinet meeting. Earlier, PM Modi held consultations with Chief Ministers at a meeting where most favored restructuring of the Socialist-era body.

The new body will replace the five-decade old Planning Commission and will be headed by a vice-chairman, not deputy chairman as was the case in the Commission.

Modi had announced in his Independence Day speech that the Planning Commission would be replaced by a new body which is in-sync with the contemporary economic world.

Addressing the Chief Ministers on December 7, Modi had invoked former Prime Minister Manmohan Singh who had said on April 30 last year that the current structure has "no futuristic vision in the post-reform period".

Modi had pushed for an effective structure which strengthens "cooperative federalism" and the concept of "Team India".

There were indications that the new structure will have the Prime Minister, some Cabinet Ministers and some Chief Ministers along with technocrats and experts in various fields.

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