Friday 2 January 2015

Arvind Panagariya Appointed First Niti Aayog VC

US-based economist Arvind Panagariya appointed as the first Vice chairman of the newly formed National Institution for Transforming India (NITI) Aayog.

Panagariya is expected to be given a Cabinet minister's rank just like the erstwhile deputy chairman of the Planning Commission had.

Panagariya is professor of economics and Jagdish Bhagwati professor of Indian Political Economy at Columbia University and a nonresident senior fellow at the Brookings Institution.

The landmark signboard in front of the Yojana Bhawan has been repainted as Niti Aayog and rooms to seat the senior functionaries are being refurbished.

While the formation of the Aayog has ended the uncertainty among the staff since they have been unemployed since the resignation of the Planning Commission's deputy chairman Montek Singh Ahluwalia and other members last May and later the announcement of disbanding of the 65-year-old body by Prime Minister Narendra Modi in his Independence Day speech, speculation is rife over the names of the new full time members.

The Aayog will have a V-C, and five full-time members who are likely to join in Mid January.The Commission was replaced by the new think tank NITI Aayog, which will be headed by the PM and will have all chief ministers (CMs) as members in a broad-based governing council to involve states in evolving national development priorities.


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