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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