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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